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Author Topic: Omega depreciation  (Read 3860 times)

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Vamps

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Omega depreciation
« on: 19 May 2012, 20:15:48 »

This subject came up on another thread but thought I would post separately, keep that one on subject ish :D ::)

Just sold an estate for £200, I bought it in 2007 for £1200........so depreciation of £200 per year, I think that is pretty good..... :y :y  It has never failed, it has been serviced, had a cambelt, a crank sensor a second hand dis pack through oof and a new set of front disks and pads, cost £50 following a tip off on here..............I wonder if that is all i will need on the Jeep over the next 5 years, they are all 'service' items and therefore expected costs...... ::) ::) ::)
I could have saved more money had I done the work myself... :)
« Last Edit: 19 May 2012, 20:17:41 by Vamps »
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ozzycat

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Re: Omega depreciation
« Reply #1 on: 19 May 2012, 20:21:59 »

 thats pretty good vamps  :y :y
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ZacVegas

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Re: Omega depreciation
« Reply #2 on: 19 May 2012, 20:40:17 »

I was offered £200 trade in for a £5000 car, probably get more weighing it in for scrap
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Steve B

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Re: Omega depreciation
« Reply #3 on: 19 May 2012, 21:42:02 »

scrap prices are high ive noticed.years ago you had to pay them to take it. now they pay you :y
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Vamps

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Re: Omega depreciation
« Reply #4 on: 19 May 2012, 21:56:16 »

I was offered £200 trade in for a £5000 car, probably get more weighing it in for scrap

That's about what you would get if you were scrapping one ime......... :-X :-X
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Lioned

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Re: Omega depreciation
« Reply #5 on: 19 May 2012, 23:25:52 »

I was quoted £140 per ton at the scrappy and he said estate is about 1.5 ton so that would be around £210 then.
Just got £650 on flee bay for mine (assuming the buyer turns up as he's gonna have to spend about £200 squid in petrol from where he lives to me !)
As it happens i have lost about £800 per year in depreciation on mine but thats fair enough i suppose.   
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Sir Tigger KC

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Re: Omega depreciation
« Reply #6 on: 20 May 2012, 00:51:59 »

I bought my 12 year old Omega in 2006 for £2250 and assuming I could get £500 for it now  ::)  I've lost £291 a year in depreciation....  ???  That's not bad when you consider the depreciation my poor car suffered in the first 6 years of it's life!!  :o
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Terbs

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Re: Omega depreciation
« Reply #7 on: 20 May 2012, 01:11:52 »

I cannot afford to depart with my Miggy......its in good nick, 12 yrs old....but if a repair bill came in for , say £500, that is still cheaper than getting another car ;)
What could you get for £500 that would not require repairs at any time. Providing the Omega is serviced, and looked after properly and not thrashed out of existance, why should it not last a lifetime. :)
I had an 1985 Senator for fourteen years that only cost £500 in breakdown repairs in all that time...and that was due to to a pratt at hometune with a wrong diagnosis. Yes it had new tyres, and exhausts, but every car has to have that!!!
The car was sold on still in very good nick (begrudgingly, I might add, due to personal circumstances)
As some Omega's do have to be scrapped, so the list of spares increases.
How many VW Campers do you still see on the road....so why not Omega's :y
I appreciate that insurance is not cheap, mpg is not fantastic, and tax is not cheap...but come-on....look what you get back in strength, style and comfort  ;)

So, in a nutshell, if my Miggy is worth zilch on the market, to me it is worth thousands...... :y
« Last Edit: 20 May 2012, 01:14:32 by terbert »
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omega3000

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Re: Omega depreciation
« Reply #8 on: 20 May 2012, 12:41:26 »

Quote
to me it is worth thousands......
:y

Have to agree with than and probably most will think that about the omega ... dread to think what mine is worth but to me its not about how much its worth its what you get out of owning the car  :)


P.s if you want it its £650  ;D
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Big_Al

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Re: Omega depreciation
« Reply #9 on: 20 May 2012, 17:35:24 »

I cannot afford to depart with my Miggy......its in good nick, 12 yrs old....but if a repair bill came in for , say £500, that is still cheaper than getting another car ;)
What could you get for £500 that would not require repairs at any time. Providing the Omega is serviced, and looked after properly and not thrashed out of existance, why should it not last a lifetime. :)
I had an 1985 Senator for fourteen years that only cost £500 in breakdown repairs in all that time...and that was due to to a pratt at hometune with a wrong diagnosis. Yes it had new tyres, and exhausts, but every car has to have that!!!
The car was sold on still in very good nick (begrudgingly, I might add, due to personal circumstances)
As some Omega's do have to be scrapped, so the list of spares increases.
How many VW Campers do you still see on the road....so why not Omega's :y
I appreciate that insurance is not cheap, mpg is not fantastic, and tax is not cheap...but come-on....look what you get back in strength, style and comfort  ;)

So, in a nutshell, if my Miggy is worth zilch on the market, to me it is worth thousands...... :y


well said Tony  . . .     sure theres lots on here who feel that way.   insurance company said my '98  2.5 Elite is worth between £145   & £445 :'( :'( :'( :'(
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YZ250

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Re: Omega depreciation
« Reply #10 on: 20 May 2012, 18:12:29 »

Oh dear.  :-[

I bought my 3.2 elite when it was ten months old (ex Vauxhall management car) so I am averaging depreciation to the tune of over two grand a year. Just to prove that I don't care, I've done that twice with Omega Elites now. I couldn't believe how much I lost on the first one so I did it again and lo & behold, it happened again.  ;D ;D

Easy come, easy go.  ::)
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Re: Omega depreciation
« Reply #11 on: 20 May 2012, 19:10:06 »

I lost about £1600 a year for 10 years - same as previous poster - but no regrets. If I had kept it just 2 years out of 10 then it would have been something like £4000 a year at the time.
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henryd

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Re: Omega depreciation
« Reply #12 on: 20 May 2012, 19:43:20 »

I bought my elite estate very cheap (£700 with60k on it)as the owner wanted it gone, ran it for 18 months and got £1500 when I sold it,quite a positive outcome I think :y :y
« Last Edit: 20 May 2012, 19:45:41 by henryd »
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Re: Omega depreciation
« Reply #13 on: 20 May 2012, 20:03:36 »

I bought Daisy 3 years ago for £1,100. Since I got in to doing the DIY work and as I know the car I want to keep it as long as possible. If she dies for whatever reason I'll definitely be purchasing another immediately....assuming Ralf is still fubar'd  ::) Well having said that I prefer the FL anyway but that's just me
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Re: Omega depreciation
« Reply #14 on: 21 May 2012, 20:55:54 »

Paid £1300 for my immaculate 73,000mile...... 53 plate MV6 about fourteen months ago. Not sure what it would fetch now.£.......?
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