Omega Owners Forum

Chat Area => General Discussion Area => Topic started by: STMO999 on 26 November 2009, 21:14:53

Title: Depreciation. Ouch!
Post by: STMO999 on 26 November 2009, 21:14:53
Even the cheapest model of these was over £36000. Who can possibly afford to lose more than half of that in two years?

http://www.desperateseller.co.uk/findacar/used-cars/used-Honda-cars-for-sale.asp?orderID=18142096&vendor=117059&distance=1
Title: Re: Depreciation. Ouch!
Post by: Squealey on 26 November 2009, 22:48:32
I got my old man to look at one of those about 6 months back, second hand of course. Amazing motor, but they couldn't fit a towbar so it was a no go. Pity cause he really liked both the car and the fact noone else had one.
Title: Re: Depreciation. Ouch!
Post by: mantahatch on 27 November 2009, 09:26:03
That is more than £1 per mile in depreciation alone.

If you are considering buying it I would get your own HPI check aswell.
Title: Re: Depreciation. Ouch!
Post by: Omegadoha, Desert Member on 27 November 2009, 10:38:37
Honda's are reasonably popular over here. Damn reliable and hold their value quite well. You can get a lifetime warranty on the gearbox and engine. Japense cars crumble upon impact though. :'(
Title: Re: Depreciation. Ouch!
Post by: STMO999 on 27 November 2009, 11:47:53
Quote
That is more than £1 per mile in depreciation alone.

If you are considering buying it I would get your own HPI check aswell.


I cant afford that. Just browsing as usual.
Title: Re: Depreciation. Ouch!
Post by: tunnie on 27 November 2009, 11:53:34
they are falling in value fast, is it just me or do they look very Omega like from the front? (facelift anyway) similar style of bonnet to lights, i like the inside too  :-[

Some better interior shots here:

http://www.autotrader.co.uk/classified/advert/200938341942160/sort/priceasc/usedcars/make/honda/model/legend/page/3/radius/1501/postcode/nn136er?previous=%2Fsearch%2Fresults%2Fusedcars%2Fpostcode%2Fnn136er%2Fradius%2F1501%2Fmake%2Fhonda%2Fmodel%2Flegend%2Fpage%2F3%2Fsort%2Fpriceasc&anchor=advert200938341942160&logcode=p

When that shape is sub £5k they could be a very interesting replacement for the Omega......
Title: Re: Depreciation. Ouch!
Post by: KillerWatt on 27 November 2009, 15:14:31
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Who can possibly afford to lose more than half of that in two years?
I lost £10K back in 1997 on a 9 month old 200SX Turbo, although they do say that you lose one third of the retail the minute your name goes on the V5.

It's also quite common for folk who can afford a car with a price tag around the £30K (or more) mark to not really care about the depreciation anyway.
Title: Re: Depreciation. Ouch!
Post by: Elite Pete on 27 November 2009, 16:43:04
I bought a brand new Renault clit a few years back off Jamjar.com and sold it 18 months later for just under what we paid for it  :)
Title: Re: Depreciation. Ouch!
Post by: PhilRich on 27 November 2009, 17:41:57
Quote
they are falling in value fast, is it just me or do they look very Omega like from the front? (facelift anyway) similar style of bonnet to lights, i like the inside too  :-[

Some better interior shots here:

http://www.autotrader.co.uk/classified/advert/200938341942160/sort/priceasc/usedcars/make/honda/model/legend/page/3/radius/1501/postcode/nn136er?previous=%2Fsearch%2Fresults%2Fusedcars%2Fpostcode%2Fnn136er%2Fradius%2F1501%2Fmake%2Fhonda%2Fmodel%2Flegend%2Fpage%2F3%2Fsort%2Fpriceasc&anchor=advert200938341942160&logcode=p

When that shape is sub £5k they could be a very interesting replacement for the Omega......

Not just you Tunnie, it looks very similar in a lot of subtle ways, including the interior, although obviously in an updated way ;D. Maybe one of the Honda design team is a closet Omega fan? ;D ;D :y   
Title: Re: Depreciation. Ouch!
Post by: zirax on 27 November 2009, 18:44:18
Quote
they are falling in value fast, is it just me or do they look very Omega like from the front? (facelift anyway) similar style of bonnet to lights, i like the inside too  :-[

Some better interior shots here:

http://www.autotrader.co.uk/classified/advert/200938341942160/sort/priceasc/usedcars/make/honda/model/legend/page/3/radius/1501/postcode/nn136er?previous=%2Fsearch%2Fresults%2Fusedcars%2Fpostcode%2Fnn136er%2Fradius%2F1501%2Fmake%2Fhonda%2Fmodel%2Flegend%2Fpage%2F3%2Fsort%2Fpriceasc&anchor=advert200938341942160&logcode=p

When that shape is sub £5k they could be a very interesting replacement for the Omega......

Fully agree, 4-5 years time and an LPG conversion and that would be a cracking car. 24mpg though from them.
Title: Re: Depreciation. Ouch!
Post by: STMO999 on 27 November 2009, 18:47:18
There weren't that many imported IIRC. It's quite an excusive car. I've seen a couple in the flesh, I'm afraid they dont look that impressive.
There'd be no 'tinkering' with one of those either.
Title: Re: Depreciation. Ouch!
Post by: STMO999 on 27 November 2009, 18:50:03
I remember when I bought my old legend. It was 13 years old yet, you could stand right next to it, and you'd be hard pushed to hear whether the engine was running or not. Beautiful piece of engineering.
Title: Re: Depreciation. Ouch!
Post by: joshwyatt on 27 November 2009, 18:53:11
I've driven one, and I must say the interior is very nice, it had plenty of interesting gadgets. But it wasn't very interesting to drive, and was easily forgotten until now. The 3.5 V6 (I seem to recall that was the engine, although I may be mistaken) is nice, but again nothing that special.
Title: Re: Depreciation. Ouch!
Post by: KillerWatt on 27 November 2009, 19:53:24
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There'd be no 'tinkering' with one of those either.
With all due respect Steve, "what one man makes, another man can break"

The day that philosophy fails, is the day the human race ends.
Title: Re: Depreciation. Ouch!
Post by: STMO999 on 27 November 2009, 20:41:38
Quote
Quote
There'd be no 'tinkering' with one of those either.
With all due respect Steve, "what one man makes, another man can break"

The day that philosophy fails, is the day the human race ends.


Yes, but you've probably got all the gizmos to play with electronic components. Dont think that many have. I, like lots of others I suspect, used to take stuff to pieces just to.........put it back together again :D
I wouldn't know what half of it was, never mind how to 'tinker' with it.
Title: Re: Depreciation. Ouch!
Post by: KillerWatt on 27 November 2009, 20:47:22
Quote
Yes, but you've probably got all the gizmos to play with electronic components.
I doubt I have 10% of the toys I'd really like Steve, I just refuse point blank to believe that one man can invent something that another man can't reverse engineer.
Title: Re: Depreciation. Ouch!
Post by: Tony H on 27 November 2009, 20:49:29
The leg end was one of the cars I was considering before I bought the luxobarge. Still think they are a good second hand deal if you intend to keep hold of it for a while much like the Mig.