Depreciation of the Granturismo

Ted · Oct 28, 2018

bigbob said:
No

Not sure if you mean the little winglets on the MC shift pre 2013MY or the (less attractive IMHO) new nose on the GT Sport that followed it (Sept 12 production on).

You have been given good advice that depreciation here on will be relatively light but, obviously, don't buy from a dealer and then sell after a couple of years as you could easily double the LFL depreciation that way. Hope you get what you want - great cars, I've had mine seven years and struggle to identify a replacement despite the embarrassing fact that my wife's new Golf R estate is just as fast!

Seems like most of the stock online is dealer.

Isn't there a reputed tuner for the V8 in the UK? Considering the displacement, the peak power seems modest (likely very reliable).

This is the front bumper I like, the sweeping cheeks/grin.

Ted · Oct 28, 2018

rockits said:
Point 2 is fine IMHO if kept on a trickle charger in a heated/dehumidified garage and run often enough to stop stuff ceasing up. Loads of us do it never have an issue.

Yes - our garage is separate to the house and a little drafty. I've already had a quote to seal, insulate and proof it, essentially making it habitable... for the cars.

bigbob · Oct 28, 2018

Ted said:
Seems like most of the stock online is dealer.

Isn't there a reputed tuner for the V8 in the UK? Considering the displacement, the peak power seems modest (likely very reliable).

This is the front bumper I like, the sweeping cheeks/grin.

Agree that's the nicest nose, trouble is it's the most expensive variant (MC Stradale).

Ted · Oct 28, 2018

bigbob said:
Agree that's the nicest nose, trouble is it's the most expensive variant (MC Stradale).

Okay so that's the model with no rear seats and 2011 onwards?

I've found some dealer examples with low mileage (sub 20k) for 50-70k. White with red leather, very Essex but... wow, still stunning.

Not sure I've found a colour that doesn't suit this beautiful car.

rockits · Oct 28, 2018

Ted said:
Yes - our garage is separate to the house and a little drafty. I've already had a quote to seal, insulate and proof it, essentially making it habitable... for the cars.

Certainly worthwhile doing and makes a big difference. Also get some mouse traps scattered around.

bigbob · Oct 28, 2018

Ted said:
Okay so that's the model with no rear seats and 2011 onwards?

I've found some dealer examples with low mileage (sub 20k) for 50-70k. White with red leather, very Essex but... wow, still stunning.

Not sure I've found a colour that doesn't suit this beautiful car.

Like all things Maserati you are nearly right. It had two seats and 450PS for a bit then four seats and 460PS after.

Ted · Oct 28, 2018

bigbob said:
Like all things Maserati you are nearly right. It had two seats and 450PS for a bit then four seats and 460PS after.

Limited numbers too I take it?

Yes it appears I've been looking at pictures of the MC Stradale, with the rear central - race expired - exhaust exits. Even hard to find none dealer examples of this model, unless I'm not looking hard enough.

bigbob · Oct 28, 2018

Ted said:
Limited numbers too I take it?

Yes it appears I've been looking at pictures of the MC Stradale, with the rear central - race expired - exhaust exits. Even hard to find none dealer examples of this model, unless I'm not looking hard enough.

Some guys will be along in a minute who have owned them but as a occasional use car to keep for a few years I would think it makes a lot of sense. It was not production limited I believe but there are less of them which should help values.

MGT · Oct 28, 2018

Ted said:
I can't see that link, just goes to the forum homepage for me.

Strange. Can you see the forum cars for sale section?

FIFTY · Oct 28, 2018

I do not own a GranTourismo but the way I see it is if you buy a car that has done all of its depreciation like my 4200 you are likely to be paying out more on maintenance and restoration especially in the first 2-5 years of ownership so that balances things out a little surely?

Buying a newer machine that has been through less hands you would hope means a little more peace of mind.

rockits · Oct 28, 2018

FIFTY said:
I do not own a GranTourismo but the way I see it is if you buy a car that has done all of its depreciation like my 4200 you are likely to be paying out more on maintenance and restoration especially in the first 2-5 years of ownership so that balances things out a little surely?

Buying a newer machine that has been through less hands you would hope means a little more peace of mind.

Not necessarily when you think about it. Plenty of older cars that are looked after would be far better buys than a new car that hasn't been looked after. Plenty of newer cars haven't been looked after or had the right or any money spent.

Needs to be looked at on a car by car basis as a sweeping generalisation. In the main it could be a good yardstick to work with but there are a ton of exceptions to this for sure.

This puts many people off buying older very nice examples when newer examples can often be much worse. I have learnt this much more with marques like TVR where some older examples can often represent much better value than a newer car at a higher price.

namaste · Oct 28, 2018

Ted said:
Ah, point 2 is an issue. I'd probably use the car once a month.

What sort of things go wrong?

I'm coming up on two years ownership of my 59 plate GTS auto (40k miles). I've put on about 3k miles in that time and drive it maybe once a fortnight, less over winter. It's stored outside under a car port on trickle charge. Haven't had a single issue with the running of the engine or electricals, or anything at all (touch wood).

Zep · Oct 28, 2018

Ted said:
Seems like most of the stock online is dealer.

Isn't there a reputed tuner for the V8 in the UK? Considering the displacement, the peak power seems modest (likely very reliable).

This is the front bumper I like, the sweeping cheeks/grin.

RX11OPO was the Top Gear year car. From the same batch as my car.

I understand there were around 80 two seat Strads so you will be looking for a while. There is one on Autotrader right now, it’s a Cat D with over 42k miles for £48k.

You can get a similar bumper with the Granturismo Sport like the attached which will open up your options.

FIFTY · Oct 28, 2018

rockits said:
Not necessarily when you think about it. Plenty of older cars that are looked after would be far better buys than a new car that hasn't been looked after. Plenty of newer cars haven't been looked after or had the right or any money spent.

Needs to be looked at on a car by car basis as a sweeping generalisation. In the main it could be a good yardstick to work with but there are a ton of exceptions to this for sure.

This puts many people off buying older very nice examples when newer examples can often be much worse. I have learnt this much more with marques like TVR where some older examples can often represent much better value than a newer car at a higher price.

I said it is likely that maintenance costs on a fifth hand 15 year old Maserati (like mine) will be more than a 5 year old one... Doesn't seem an unreasonable sweeping statement to me. Of course things like mileage and mechanical sympathy of previous owner(s) comes into play with anything.

I agree with your point but let's face it there are not many garage queens out there. My car was not bottom of the market when I bought it and I am still £8k in the hole after 3 years with well over 100 hours of my own time poured into it. I recall that you gave your old 4200 that you ran along side your garage queen plenty of love during your ownership.

Its not brand specific i spent £3k repairing my old E46 in only a year on which I did a huge amount of the work myself!

Have any of you seen "hoovies garage" on YouTube? He systematically buys depreciated old luxury cars and you watch him fix them up with his mechanic friend "the car wizard"... It's quite entertaining but his entire channel proves my point... Old cars need more love than new(er) ones!

rockits · Oct 28, 2018

FIFTY said:
I said it is likely that maintenance costs on a fifth hand 15 year old Maserati (like mine) will be more than a 5 year old one... Doesn't seem an unreasonable sweeping statement to me. Of course things like mileage and mechanical sympathy of previous owner(s) comes into play with anything.

I agree with your point but let's face it there are not many garage queens out there. My car was not bottom of the market when I bought it and I am still £8k in the hole after 3 years with well over 100 hours of my own time poured into it. I recall that you gave your old 4200 that you ran along side your garage queen plenty of love during your ownership.

Its not brand specific i spent £3k repairing my old E46 in only a year on which I did a huge amount of the work myself!

Have any of you seen "hoovies garage" on YouTube? He systematically buys depreciated old luxury cars and you watch him fix them up with his mechanic friend "the car wizard"... It's quite entertaining but his entire channel proves my point... Old cars need more love than new(er) ones!

I've not seen hoovies garage but I'll take a look....thanks.

Yes, the 4200 project I had was fun but I only bought it to learn a bit about them and it I knew it wasn't the best example to start with. Nothing hidden....it was all there to see obvious and in your face!

I think the luxury exec and higher end sports car market bucks the trend for a newer car cost less to run than an older one. It can often be how your luck is. For example buy a 100k+ mile E55K and it is likely to have had airmatic suspension pump and/struts replaced and fairly new. Buy a 60k mile one and you can be left with a decent bill.

Get a Maser that isn't kind with wishbone issues, heater matrix maybe F1 pump a clutch and you could get unlucky enough to sink 5-10k into it pretty quickly.

I agree your right with your sweeping statement in the main but I would say it applies less to older more specialist cars.

Adhut · Oct 28, 2018

bigbob said:
The Volvo issue in itself is not the car it's the fact that it's a hybrid. They are only built as a lie to get round company car tax rules. The used market knows that which is why they are worth no more than 'normal' cars on resale. FWIW the Volvo website finance calculator is showing a 24 month GFV of £43k on the top of the range hybrid so it's all clear from day one.

What was the car like in the round? I'm looking at a T5 or T6 CX90 to replace my Discovery4.

I did get a £12.5k corporations tax right down the first year, as well as the cheap company car tax, so the blow has been reduce, and my GFV is £40k at three years so am somewhat protected, but when I bought it the two year GFV was about £50k so it looks like they might have been a little optimistic. However the car is great, one of the best I have owned, lacking in any type of personality, but very comfortable and capable. With the T8 I am returning around 50 mpg with daily charging.

Felonious Crud · Oct 28, 2018

namaste said:
I'm coming up on two years ownership of my 59 plate GTS auto (40k miles). I've put on about 3k miles in that time and drive it maybe once a fortnight, less over winter. It's stored outside under a car port on trickle charge. Haven't had a single issue with the running of the engine or electricals, or anything at all (touch wood).

This ties in with my experiences. Just don't expect the car to be pleased with you if you don't use it for months on end.

AT3200AC · Oct 28, 2018

I often see these head vs heart threads. Anyone who doesn’t buy a 1.6d Ford Focus is buying a car partly with their heart. If it’s a weekend car then it’s a 100% heart purchase so the question is how much money are you prepared to spend on your hobby.

My approach has always been to take a weekend car 15-20 years based on condition as performance collector cars at this age won’t generally depreciate if you look after it. You have to factor in the £5k trading margin if you don’t buy and sell privately.

God bless all those who buy these cars new so I can buy the in 15 years time

azapa · Oct 29, 2018

My strad is worth the same now than when I bought it, 2 years ago. Take off 5k for fire sale if I needed quick cash.

It let me down once, but I didn't use a battery tender back then. Flat battery, quick push and flicked in 2nd gear and she started. One broken rear tail light (son and plywood) and that's it.

'bout the cheapest car I've ever ran!

Buy the best you can afford and look after her.

Ebenezer · Oct 29, 2018

First time I've ever heard of a maser being push started! I guess that with the clutch, it's no different to any other normal car jn that respect? You must have had enough juice for the hydraulics for the gear box actuators though?
Eb

Depreciation of the Granturismo

New Member

New Member

Member

New Member

Member

Member

New Member

Member

Member

Member

Member

Member

Moderator

Attachments

Member

Member

New Member

Administrator

Junior Member

Member

Member