5 Horrifically Depreciated Fast Cars We've Found In The Classifieds
1. Nissan 370Z Nismo
The 370Z Nismo’s whopping £10,000 premium over the standard Z was always hard to swallow, but there is a solution: get this 2015 example that’s a year old and has under 3000 miles on the clock, and that £10k disappears thanks to the wonders of depreciation. It’s not the only one, either: there are loads of massively depreciated Nismo’d Zs in the classifieds, including the car above that’s £8000 under the original price despite having only clocked 501 miles. Yep, we’re talking £16 a mile of depreciation for this old-school, 339bhp coupe. Yikes
2. Volvo V60 Polestar
You can no longer buy Volvo’s loveable V60 Polestar with a 3.0-litre turbocharged straight-six, as it’s been replaced with a downsized 2.0-litre version. But that’s fine, as you probably wouldn’t want to buy one new anyway. Why? Have a search in the classifieds and you’ll see why.
This example is nearly new - it’s a 2015 car, and has under 8000 miles on the clock. ‘Barely run in’ is what a car dealer would probably call it. And yet, it’s up for £31,995, nearly £18,000 less than the original £49,785 Volvo charged for it when new. £18k! We even found one with just 968 miles on the clock for £36,500, equating to £13.70 in depreciation per mile.
Give it a few years and a little more depreciation, and these 345bhp wagons will be utter bargains.
3. Bentley Mulsanne
Bentley expects you to cough up £229,360 for one of its Mulsanne uber saloons, but savvy gazillionaires who aren’t too fussed about picking their own options could look to the used market instead.
Sure, speccing options is half the point of a Bentley, but if you get a used one, you’ll save a huge chunk of money. This 2016 model has 100 miles on the clock, and yet it’s selling for £159,950. Yep, a near-£70k drop and a staggering £694 a mile in depreciation, before you’ve even even considered what options it has fitted.
4. BMW i8
The i8 has experienced quite a turnaround in the used market. Initially, a long waiting list meant we saw nearly new examples popping up for big premiums, but now, cars only a year or so old are up for £25,000 less than the original price paid after the UK Government’s £5000 grant.
Here’s a car with just over 4000 miles on the clock for £75,795, getting on for a quarter less than what would have been paid for it originally before options. Not bad for a futuristic hybrid sports car that looks like nothing else on the road.
5. Hyundai Genesis
While the i8’s hefty deprecation might come as a surprise, a big, V6-powered Hyundai shedding thousands as soon as it leaves the showroom is as predictable as Mercedes winning an F1 race. In fact, these cars have depreciated so hilariously, that I’m including one in this list even if it’s stretching the description of ‘fast’ a little. But hey, 304bhp isn’t bad.
How hilarious are we talking? Well, like the Mulsanne we discussed about earlier, this Genesis is on delivery mileage (100 miles), and is selling for £29,950, some way off its £48,946 original price. A fall of nearly £20,000, amounting to £189.96 per mile in depreciation. And there’s one for with a few more miles for £24,991 - damn near half the list price. Like I said, hilarious depreciation.
What other horribly depreciated, nearly new fast cars have you seen in the classifieds?
Comments
These cars have depreciated and Alex was trying to sell his lemon for 28 grand
Remove that 5 and that price sounds about right. £2899
I once sold a Mercedes for £16k less than I bought it. It had 1000 miles on the clock. I don’t want to talk about this anymore
Sorry for bringing it up.
Kek.
Still can’t afford any of them…
My dad got his 2011 Porsche Carrear 4S 997.2 in January/February of 2015. It was a 2011, and the sticker price said it was about $112,000, and it was shipped overseas. It had only 8700 miles in it, and he got it for $68,000. ~$5.05/mile ain’t too bad for a Porsche.
And that’s the reason I will never buy a brand new Bentley!
Sure that’s the reason
*never be able to buy a brand new Bentley
Man, the i8 is a seriously quick car and the 370z also, but all the cars here are amazing, unfortunately they are all depreciated.
Fortunately
I’m very surprised about the i8. I’d have expected it to hold its value well given how unique it is.
POLESTAR!!!!!!!
SNOW DRIFTS
The new NISMOs (2015+) aren’t serialized so they are depreciating significantly faster than the old ones. My 2012 is still valued at $29k with 8.5k miles, but I can pick up a 2016 with 3k miles for $2-3k more. When they stopped serializing them they became less desireable. #BringBackTheRealNISMOZ
I’m sorry about my lack of knowledge, but what is cerealized?
Not to worry when these cars become classics they will sky rocket in value…. Probably…
Too bad the Z has 12k miles and costs £26,700. The car itself costs roughly £38,000 new and with workers discount (which thousands of people have literally. also their families and friends get discounts too) the car drops to just over £30k to £30,600. So this guy probably worked for Nissan or a subsidiary and is selling it at a loss of maybe 3/4K?.
Nissan workers don’t get a discount on the 370z/GTR though, do they Ben Anderson