DEPRECIATION

All Megane Electric related discussions
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vini
Posts: 10
Joined: Sat Jan 07, 2023 6:00 pm

Post by vini »

just out of curiosity I did a 'webuyanycar' quote on my two week old launch edition megane etech. it came back at £24k..

at first I thought it must be looking at the Ford Puma I got quotes for on the same number plate a few months earlier, but no it detailed the megane. I know new cars depreciate as soon as you drive off the forecourt, but by 40% ?!

Any comments welcome - this is partly a test to see how popular this forum is, from what I can see it doesn't appear to be that well used, but I could be wrong...

cheers and hello :)

Phorridge
Posts: 156
Joined: Fri Dec 23, 2022 5:32 pm

Post by Phorridge »

I suspect the volume of used sales for these models is so low that you won't get an accurate resale value.
Before we purchased we looked at other models used and they were only a few thousand shy of the new price.
vini
Posts: 10
Joined: Sat Jan 07, 2023 6:00 pm

Post by vini »

Phorridge wrote:
Sat Jan 21, 2023 4:14 pm
I suspect the volume of used sales for these models is so low that you won't get an accurate resale value.
Before we purchased we looked at other models used and they were only a few thousand shy of the new price.
Thanks, that's reassuring and makes a lot of sense. If my wife asks at all I now have a plausible explanation :)
ArtyBee
Posts: 8
Joined: Wed Jan 25, 2023 8:28 pm

Post by ArtyBee »

I think there's also more to the "webuyanycar" valuation than just the car itself. I considered selling my previous EV back in June last year and saw their valuations fall over several weeks. When i looked early December the valuation was high again - and when i eventually sold at the beginning of Jan it was 3k under what I received from a dealer. That was almost 18% down on a dealers offer. (they put the car up themselves at almost 2k more). It suggests to me they factor in a "desperation" element - so I imagine their algorithms figure anyone selling a new car must be looking for a quick sale above all else.
tarbat
Posts: 43
Joined: Wed Apr 06, 2022 2:36 pm

Post by tarbat »

HPI valuations are typically more representative.

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Big G
Posts: 27
Joined: Sat Jun 03, 2023 9:21 pm

Post by Big G »

WBAC don’t like EV’s. Especially newish ones that the market hasn’t tested yet. Probably what doesn’t help the used values is £4K off a new one plus £2k deposit contribution. If there is 6 grand off list already it will take a while to adjust in the market
Big G
Posts: 27
Joined: Sat Jun 03, 2023 9:21 pm

Post by Big G »

Bear in mind hpi valuations or Parker’s guide won’t actually buy your car so don’t get too hung up on it. All cars will depreciate so try not to lose sleep
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