Hi all

Having commenced discussion with the committee about swapping the FF, SWMBO pointed out (with some degree of tardiness that only a woman can conjure) that the FF may have lost 50+% in value since we purchased it.

In need to some man maths I turned to alternative vehicles as replacements as I'm not sure I can get a ticket off said committee for a another FF.

Having scanned the horizon at X5's XC90's and even in a very weak moment Santa Fe's (I'll get my coat), eyes settled on a nice Byron Blue 3.0 D5 HSE Luxury. There seem to be quite a few MY 17 or 18 few sub £30k with max 60k miles.

Finally my Q... anybody know if this is going to be 50% cheaper in just three years? or is this just a 405 thing. I refuse to get caught in the lease trap and I get its subjective and varies a bit from car to car but is there an overall LR depreciation trend that basically say just keep what you have got and make do.

I've just retired and TBH I don't want to have to find 15-20K every three years just to stay relatively still.

Did I really just admit to looking at Santa Fe's? 405 AB exec seats Baltic and Cirrus
93 RR Classic efi

Remember it's easier to get forgiveness than permission!

Gone in order:
4.4 TDV8 SE - gone to a good home
93 Classic hard dash Plymouth Blue
03 L322 Oslo Blue
2000 Disco TD5 ES Epsom Green
98 P38 Rioja Red
89 Classic Cairngorm Brown

I've always used a general rule of thumb on cars that they depreciate at 20% per year on average (reducing balance basis, not straight line), so after 3 years it will be worth more or less half what you paid for it.

Seems to be bourne out by the cars me and swmbo have bought in the past 15 years.

One caveat - I'm not talking about EV's here
. 2021 D350 Fifty Edition - Carpathian Grey
2017 4.4 SDV8 Autobiography (2021-2024) - Santorini Black
2012 4.4 TDV8 Westminster (2016-2021) - Santorini Black

Lots of resistance to EV's so I would expect they would at some time increase in value. Remember the shortage in manufacturing during covid and price certainly for FFRR increased, they went higher than the price I paid for mine! Such a fool I was I should have sold it, and got a 5L 6 months later  2018 SE SDV8 4.4 Byron Blue

Mine seems to be worth about 18,500 trade at the moment and 24-26k on the forcourts. I’ve had it 5 years and paid 38,000 from a dealer. So I’ve lost 22,000 on it roughly in 5 years. Don’t think that’s too bad. Lost the same on the Mrs Kia in 3…..

Just bought the D5 commercial, was 44incl, it was probably about £65,000 new and it’s 3 1/2 years old. So has lost 20,000 in that time. That’s similar to the Mrs Kia. I’m planning on keeping it for as long as I’ve had the D4…… so getting on for 12 years. Will be looking to be paid in buttons when it goes. As a commercial it depreciates differently as they are a bit scarce on the second hand market…..

I’m also a believer in not financing a depreciating asset. Nice to have a new car on the drive every 3 years but I get attached and I’m more than happy to keep a good vehicle for a much longer period. There is nothing that can't be fixed with a hammer😜😜
FFRR 4.4 SDV8 Autobiography Santorini Black.
KIA E-Niro 4+
2021 Discovery 5 D300 MHEV commercial

What about a Defender? They seam to be holding good residuals at the moment? Don't know when that particular bubble will burst though?

One of the reasons I ended up in a D5 commercial Craig. A new deafener hard top was just too much money with any sensible milage on it. There is nothing that can't be fixed with a hammer😜😜
FFRR 4.4 SDV8 Autobiography Santorini Black.
KIA E-Niro 4+
2021 Discovery 5 D300 MHEV commercial

Cheers and agreed - the Defner is way too much money - for me anyway.

After some internal discussion we have decided to keep the FF. There is zero wrong with it and it was just an itch that ultimately does not need scratching. The depreciation alone made this a no brainer.

Was looking at an F Pace "R Sport' - 40k miles 2018 for sub £27K but I suspect it would be a novelty that soon wore off.

I have looked at my FF a couple of times since I posted my musings and actually thought to myself why did I even think of changing!!

 405 AB exec seats Baltic and Cirrus
93 RR Classic efi

Remember it's easier to get forgiveness than permission!

Gone in order:
4.4 TDV8 SE - gone to a good home
93 Classic hard dash Plymouth Blue
03 L322 Oslo Blue
2000 Disco TD5 ES Epsom Green
98 P38 Rioja Red
89 Classic Cairngorm Brown