Friday, August 17, 2012

Bargain hunters assemble.

My Father, Warren, has always shaken his head at the thought of people borrowing money to buy a car, especially a brand new car. He has also drummed into me the importance of taking depreciation into consideration when thinking of a brand new luxury car. Today's article by The Telegraph's Mike Rutherford makes for jaw-dropping reading.

Basically, these cars pictured (and many more) if bought today, will drop in value at least 75% within three years. OUCH! So keep your eye on your dream car because in three year's time they'll be giving them away. I'll take the Jag, thanks. Read the article here.

The 2012 Audi LWB A8 6.3L W12

The 2012 Volvo S80 Diesel will drop 80% in value in 3 years.

The 2012 Jaguar XJ LWB 5.0L V8 "Special Edition"

2012 Cadillac STS 4.6L V8 Sports Luxury


No comments:

Post a Comment