: R26R value
g10far 21-02-2011, 16:22:42 Hi all
I currently have an R26, but have been offered a very clean R. Now what are people's thoughts on their value? After looking it seems they are holding it quite well, the one I am interested in has the usual Ti exhaust, cage, tyres perspex windows etc!
I noticed the R26 has dropped quite a lot (depending on condition & spec of course).
I usually keep my cars for a long time its just I know its a gooden and have had a bit of a soft spot for them!
Any opinions would be great!
(hope I put this in the right section)
Cheers
Gio
denty 21-02-2011, 16:27:45 Get it bought specially if ur going to keep.
rigster2 21-02-2011, 20:45:51 Go for it.
I sold a Clio V6 to get one, a few fell through and I ended up with a normal 26 as a daily driver.
To me it wasn't special enough so I got rid and am on the look out for a 26R. Just got a few things going on at the minute so I can't make a move on one.
I think the prices will hold steady for a while now unless everyone sells at once!
I don't hink you'll regret it.
g10far 22-02-2011, 12:49:21 Thanks for the replies, those are the answers I was hoping for!!!
conley 22-02-2011, 13:08:46 Thanks for the replies, those are the answers I was hoping for!!!
But maybe not the exact answer......
These were knocking on £29K list with the tasty extras. They are now £16-19K used. Not exactly great residuals so far.
Question is will they now flat line on depreciation. Doubt it. They will always hold a premium over an R26 but follow the trend down. No special enough, limited market and many are known to have been track fodder.
But maybe not the exact answer......
These were knocking on £29K list with the tasty extras. They are now £16-19K used. Not exactly great residuals so far.
Question is will they now flat line on depreciation. Doubt it. They will always hold a premium over an R26 but follow the trend down. No special enough, limited market and many are known to have been track fodder.
For a start nobody paid £29k for one, more like £23-24k which makes the depreciation so far very respectable, far better than most cars in that price bracket, especially 250's.
As for not being special enough, what do Renault have to do to convince some people? It's the fastest fwd car ever made and 5th in EVO's favourite cars of all time for heaven's sake, as mad as the V6 but for a different target audience.
'Track fodder' machines tend to be serviced more regularly and maintained far better than there road equivalents and just look at the residulas of these track biased cars, very strong.
Strong future values will be confirmation of it's brilliance, buy it and enjoy:)
conley 22-02-2011, 14:18:21 For a start nobody paid £29k for one, more like £23-24k which makes the depreciation so far very respectable, far better than most cars in that price bracket, especially 250's.
As for not being special enough, what do Renault have to do to convince some people? It's the fastest fwd car ever made and 5th in EVO's favourite cars of all time for heaven's sake, as mad as the V6 but for a different target audience.
'Track fodder' machines tend to be serviced more regularly and maintained far better than there road equivalents and just look at the residulas of these track biased cars, very strong.
Strong future values will be confirmation of it's brilliance, buy it and enjoy:)
Sorry to have to say they are only holding £4-5K more than what would be an equivalent age and condition R26. The same difference you would have paid new:
http://www.pistonheads.com/sales/2495672.htm
Who knows what they will do in the next few years, but so far they are depreciating nicely. What you expect and what is reality are 2 different things.
g10far 22-02-2011, 14:45:00 [QUOTE=conley;543505 Who knows what they will do in the next few years, but so far they are depreciating nicely. What you expect and what is reality are 2 different things.[/QUOTE]
Hit the nail on the head there really! Was exactly what I was thinking to be fair. I think I'm trying to find excuses not too buy it, should just go and get it and stop being a little girl!!!!!
conley 22-02-2011, 17:28:34 Hit the nail on the head there really! Was exactly what I was thinking to be fair. I think I'm trying to find excuses not too buy it, should just go and get it and stop being a little girl!!!!!
You have to buy it for what it is, not some form of low depreciating investment. They have already had a load of depreciation knocked out of them and there are some good motors to be had, just don't expect them to now hold their value just because you want one.
A full spec R26R with all the toys was £29K (or £25K discounted). Now you see them at £16K. That’s a £10K loss in about 2 years or aprrox 40%. Nothing special so far.
liquidf1 22-02-2011, 17:35:38 Ahem that's not full spec no climate :) Also why the hell does it have a lux glovebox?
mattr26r 22-02-2011, 19:22:04 You have to buy it for what it is, not some form of low depreciating investment. They have already had a load of depreciation knocked out of them and there are some good motors to be had, just don't expect them to now hold their value just because you want one.
A full spec R26R with all the toys was £29K (or £25K discounted). Now you see them at £16K. That’s a £10K loss in about 2 years or aprrox 40%. Nothing special so far.
Who paid £25k new ? My R26R has every option and was discounted new to roughly £23k. Similar specced cars are selling for roughly £19k. So that's a £4k loss or roughly 20% in just over two years. The only cars at £16k are basic spec, decals removed or heavily modified with lots of miles.
What-else can you buy for £18-19k that's just as much fun, unique and highly regarded as one of the best drivers cars. The only other cars I'd consider would be a supercharged Atome, Caterham R400-R500 or a limited edition Lotus Exige or similar. The problem with the other options mentioned is you really need another sensible car not so with the R26R. Personally I'd never consider a beige box alternative like a BMW, Audi or Golf. There must be 20 black Golfs in my gym car park at any given moment, how dull. Same with BMs etc.
matt
clarki 22-02-2011, 19:34:48 Sicknote paid less than 20k for his new!!
Anyway, whatever the price its worth every penny - get it bought fella.
denty 22-02-2011, 21:56:10 Yep I got mine cheaper than 23k new and it had every option :)
conley 22-02-2011, 22:48:38 Who paid £25k new ? My R26R has every option and was discounted new to roughly £23k. Similar specced cars are selling for roughly £19k. So that's a £4k loss or roughly 20% in just over two years. The only cars at £16k are basic spec, decals removed or heavily modified with lots of miles.
What-else can you buy for £18-19k that's just as much fun, unique and highly regarded as one of the best drivers cars. The only other cars I'd consider would be a supercharged Atome, Caterham R400-R500 or a limited edition Lotus Exige or similar. The problem with the other options mentioned is you really need another sensible car not so with the R26R. Personally I'd never consider a beige box alternative like a BMW, Audi or Golf. There must be 20 black Golfs in my gym car park at any given moment, how dull. Same with BMs etc.
matt
Theres a full spec one linked in this thread for £15500. Another one on PH right now from a dealer for similar money. Not high mileage or basic spec and in ace condition.
I agree, great cars but now available for £16K.
denty 22-02-2011, 23:26:28 Yep that black one is a bargain for someone :)
snapper25 23-02-2011, 01:20:28 If your worrying about price. Why not just buy a 225/R26 and mod it into something like an R. Even after moding you would still pay less than if you bought an R.
conley 23-02-2011, 07:51:08 You also have to be aware dealers asking £18K for a R26R actually sourced it through the trade or off a private punter for about £16K. That's how they feed their children. Profit. Private punters on here aint going to get similar used prices.
Everybody likes to think their motor is worth top dollar used. Unfortunately, surfing Piston Heads for the most expensive R26Rs from dealers doesn’t set your used value.
You're not after an .R Conley, are you?:surrender:
conley 23-02-2011, 08:47:55 You're not after an .R Conley, are you?:surrender:
Nope.
Steve Saunders 23-02-2011, 10:15:37 I got mine for £21,000 new and is full spec, admittedly the titanium exhaust was free on warranty 12 months after. Winner for me.
Still low miles and absolutely mint. I can't fault the way their values are holding.
Either way, I didn't buy it as an investment. Get one bought mate, they're fantastic.
conley 23-02-2011, 11:12:36 Good.
No problem.
scruffty 23-02-2011, 14:05:29 no harm in trying putting your car up for however much you want, but expecting a sale is a diffrent thing!
loving the 250 residual banging too.
conley 23-02-2011, 15:55:04 Gotta tell the truth. Sometimes it just hurts.......
Evoscott 24-02-2011, 01:21:24 Ye this Is something that has put me off taking the plunge for my new car .with the way the economy is and petorl etc I am stuck in limbo don't really fancy butting another car to loose money on when I got the company car at present . I see r26r at 16k private and 18k dealers stealers . But then I also see the 250 cup are loosing quite a bit of value aswell seen them in at 17 .5 k for a 10 plate . So I don't think it's just you I think people are just not got the money to through about like they used to. But as I'm a petrol heard I can never say never if one came up mat the right price at the right time :-)
Gotta tell the truth. Sometimes it just hurts.......
i paid under £19k for a full spec, 5 month old with 1800m on the clock, no hurt here:wavey:
conley 24-02-2011, 10:35:01 i paid under £19k for a full spec, 5 month old with 1800m on the clock, no hurt here:wavey:
Well done. Today, I could buy a 59 plate 16,000 mile, full spec, nicely modded, mint 2009 one for £15K:
http://www.pistonheads.com/sales/2495672.htm
Everybody is happy.
Artic Monkey 24-02-2011, 10:44:20 Mmmmmm all this cock waving is making me hungry. :yumyum:
scruffty 24-02-2011, 11:11:48 hahaha!!! i was just about to say :p
looking forward to it more when i put my 250 up for sale :p :)
scruffty 24-02-2011, 11:58:46 i think he was happy at reply #4 :)
g10far 24-02-2011, 12:05:38 Is this helping g10far?
Yeah its helping, cant help but have a little laugh at some of the posts. Have not had a chance to get on here recently so just catching up really. It seems everyone is happy with their R's so its just a matter of seeing how much this is going to cost me and weather its worth it!
g10far 24-02-2011, 12:06:38 i think he was happy at reply #4 :)
Yep! :o
conley 24-02-2011, 12:07:34 Is this helping g10far?
Absolutely.
He was asking about R26R residuals and what they may do in the future.
He now has a range of views regarding current depreciation and also physical examples of what is on the market right now including prices.
We could of course say that they don’t depreciate, are a great investment and always in high demand and sell quickly. That wouldn’t strictly be true though would it.
That's why, thankfully, nobody has come on here and said they ''don't depreciate, are a great investment and always in high demand'' becaue that would just be laughable.
Anyone who confuses the term ''Strong future values'' with an investment opportunity is quite clearly not eligible to make judjement in the first place.
Bottom line is they'll depreciate to a level, then, much like the V6's, the good, well maintained examples will firm up and possibly appreciate, not to investment levels but to cheap, depreciation free motoring levels, why, because it's rarity and it's legacy will always be on it's side.
conley 24-02-2011, 17:03:57 That's why, thankfully, nobody has come on here and said they ''don't depreciate, are a great investment and always in high demand'' becaue that would just be laughable.
Anyone who confuses the term ''Strong future values'' with an investment opportunity is quite clearly not eligible to make judjement in the first place.
Bottom line is they'll depreciate to a level, then, much like the V6's, the good, well maintained examples will firm up and possibly appreciate, not to investment levels but to cheap, depreciation free motoring levels, why, because it's rarity and it's legacy will always be on it's side.
Well the tone of some of the replies in this thread has been trying to suggest your ‘bottom line’ is nearly achieved. I just provide some balance to the debate and use some real world examples to back up the argument.
The R26R is currently dropping at a similar % rate to an R26. No better. In the future they will level off and find their natural floor. We are not near that yet. And of course, past residual performance is no guide to future performance.
What is your view on the full spec £15K example I linked to? A good buy or just annoyingly underpriced?
denty 24-02-2011, 18:35:54 That one is sold and sold quick cause owner had lots of cars and wanted quick sale. Some will sell cheap some will sell for a good price. Everyone to there own :).
Well the tone of some of the replies in this thread has been trying to suggest your ‘bottom line’ is nearly achieved. I just provide some balance to the debate and use some real world examples to back up the argument.
The R26R is currently dropping at a similar % rate to an R26. No better. In the future they will level off and find their natural floor. We are not near that yet. And of course, past residual performance is no guide to future performance.
What is your view on the full spec £15K example I linked to? A good buy or just annoyingly underpriced?
I think you're possibly 'tone' deaf if you think any of the previous posts
suggested zero depreciation from here on in.
I agree with Denty, I think the black £15k car is underpriced but the owner is probably after a quick sale and not too fussed about what they get. 16k with plenty of track miles by the sounds of it, is pretty high too so it was always going to suffer slightly when resale time came, most owners probably won't hit that mileage for another couple of years.
conley 24-02-2011, 23:02:44 I think you're possibly 'tone' deaf if you think any of the previous posts
suggested zero depreciation from here on in.
I agree with Denty, I think the black £15k car is underpriced but the owner is probably after a quick sale and not too fussed about what they get. 16k with plenty of track miles by the sounds of it, is pretty high too so it was always going to suffer slightly when resale time came, most owners probably won't hit that mileage for another couple of years.
So that £15K one is obviously a thrashed track example with a not too fussy owner. We can ignore that then...... While of course a mint 9900 mile private sale at £17999 on PH that has not even had a sniff of interest is the real deal. Problem is - he hasn’t sold it..... and we all know its been on the track also.
Nice quality dealer stuff now up for sale at £18K has been bought in at about £16K cost. That £16K is where the market is realistically at for a private owner. I sense you are not comfortable with hoisting those sort of numbers on board.
Dont worry, my ears are very well tuned in to your pitch and where you are trying to come from.
As you said in your first post: “Strong future values will be confirmation of it's brilliance”.
I agree, but the R26R is not close to that yet NBC, but maybe one day.
fat controller 25-02-2011, 07:32:50 There is another point to consider in my opinion. With Renault UK not even managing to sell there allocation is there actually even enough interest in these cars outside of this forum for them to keep their value. They will only ever become a depreciation proof car to run if people actually want to buy them. Does Joe punter want to fork out 18k on a meg he can't use daily? If he wants a stripped road racer Does an r26 which he strips himself make a much better buy?
Time will tell
So that £15K one is obviously a thrashed track example with a not too fussy owner. We can ignore that then...... While of course a mint 9900 mile private sale at £17999 on PH that has not even had a sniff of interest is the real deal. Problem is - he hasn’t sold it..... and we all know its been on the track also.
Nice quality dealer stuff now up for sale at £18K has been bought in at about £16K cost. That £16K is where the market is realistically at for a private owner. I sense you are not comfortable with hoisting those sort of numbers on board.
Dont worry, my ears are very well tuned in to your pitch and where you are trying to come from.
As you said in your first post: “Strong future values will be confirmation of it's brilliance”.
I agree, but the R26R is not close to that yet NBC, but maybe one day.
''Not comfortable with hoisting those sorts of numbers on board''...you seem to get off on telling people how much money they are losing and generally criticizing their purchase, people can see for themswelves what they are worth and don't need someone ramming it down their throats.
If my car was worth £16k now, which it's not, I'd still be over the moon as far as depeciation is concerned: cheap, warranty'd, motoring nirvana so far, thank you very much.
As for the £17999 car, he'll sell it, just like all the other examples before it but it takes time, especially this time of year. As far as i'm concerned I would still pay the same price private as I would from a dealer if the car was right, they're still in warranty after all and the speculative £16k you bound about is a 'trade in' figure not what you would expect to pay for a private sale.
I think this post is saturated with hyperbole, let's rekindle it in 2 years.
I'm off for a blast.
'Cool, wet, grass'.
conley 25-02-2011, 11:14:27 Not comfortable with hoisting those sorts of numbers on board'...you seem to get off on telling people how much money they are losing and generally criticizing their purchase, people can see for themswelves what they are worth and don't need someone ramming it down their throats.
If my car was worth £16k now, which it's not, I'd still be over the moon as far as depeciation is concerned: cheap, warranty'd, motoring nirvana so far, thank you very much.
As for the £17999 car, he'll sell it, just like all the other examples before it but it takes time, especially this time of year. As far as i'm concerned I would still pay the same price private as I would from a dealer if the car was right, they're still in warranty after all and the speculative £16k you bound about is a 'trade in' figure not what you would expect to pay for a private sale.
I think this post is saturated with hyperbole, let's rekindle it in 2 years.
I'm off for a blast.
'Cool, wet, grass'.
I’ve never criticised anyone’s personal purchase on here. The R26R is a great machine and that is the 3rd time I’ve said it in this thread.
The only real true test is the market place and the values they trade at privately or through dealers - for vehicles that actually sell – sets the true residuals.
Owners with a view on what they think they are worth, usually much higher than reality, are just shooting the breeze to make themselves feel good. That why a few real world examples are very persuasive and sets the real depreciation curve.
Looking at the pages and pages of privately owned R26s sat overpriced and unsold on PH for weeks on end, I’m sure those owners also feel their cars are valued correctly. Problem is, the buyers with the money don’t think so.
As ‘nicknameless’, a potential R26 buyer commented in another thread 95% of private R26 sellers seem to be in fantasy land with pricing. I agree and only the lower priced quality stock ever sells. Economic factors are also playing a big part in the used market. Fact of life I’m afraid.
You’re obviously getting narked that someone may be challenging your personal perception of your own R26R’s value and seem to be taking it all a bit personally.
The OP wanted a broad view on R26R residuals and that what I have given. That is what a discussion forum is about surely?
Like I said before the R26R is nothing special for depreciation yet, but you are right, 2 years from now the market will provide the real update.
i'm getting the feeling we're alone in this thread now.
I've enjoyed it, just a shame I didn't learn anything.
conley 25-02-2011, 14:42:29 i'm getting the feeling we're alone in this thread now.
I've enjoyed it, just a shame I didn't learn anything.
Been some good exchange of views.
I also wasn’t aware this forum was supposed to be a compulsory school of education.
If you feel short changed, you have the option for a shot at a partial refund on the subscription I suppose.
andrewjeffs 26-02-2011, 10:58:16 Been some good exchange of views.
I also wasn’t aware this forum was supposed to be a compulsory school of education.
If you feel short changed, you have the option for a shot at a partial refund on the subscription I suppose.
Another cracker from the conley.
Have you ever thought about politics conley?
Libya have got a spot opening up soon.
Colonel Conley has a certain ring to it.
Make sure you take your uzi 9mm to the interview though.
ANDY400R 26-02-2011, 14:05:32 While of course a mint 9900 mile private sale at £17999 on PH that has not even had a sniff of interest is the real deal.
I think this refers to me and just to put the record straight I was looking for a qiuck sale to raise cash for a project which in the end didnt happen so I withdrew car from sale. Its not that it didnt sell, in fact in the end I had 4 serious enqiuries for the car and one buyer was travelling down to Essex from Manchester to view/buy knowing that I said I was not going to let it go for a penny less than £17.5k.
I know I cant say for definite that I could of sold at that price but all indications were that it would of gone if I had wanted to continue to offer it for sale.
The car for £15.5k looks on the surface very cheap but as experience over many years has taught me what things look like when advertised can be vastly different in the flesh.
I also think that timing has everything to do with it with a car like the 26r its never going to be for everyone so buyers can be sporadic but if your selling and there just happens to be 2/3 people looking at that time chances are you will get a better price than if only one person interested.
Cheers Andy
rigster2 26-02-2011, 15:45:57 "I know I cant say for definite that I could of sold at that price but all indications were that it would of gone if I had wanted to continue to offer it for sale."
If left for sale it was sold..... 100%.. ;)
ANDY400R 26-02-2011, 19:54:29 If left for sale it was sold..... 100%.. ;)
Hi Matt, I know it wasnt quite the right time for you but you will get to scratch your 26r itch one day and you wont regret it when you do.
Andy.....
Paddy 26-02-2011, 20:55:15 Its quite amazing that theres an 8 - 9 K differance between the two cars. Although they were 'rather expensive' to start, I guess you pay that to be exclusive.
Especialy when considering the cost of turning a R26 into an R equivelent. (Well if we disregard the 7K for the two 26R Recaros.) It comes no where near that.
clarki 28-02-2011, 13:16:46 FPMSL - market places and economic conditions and this car has better spec than that, blah, blah, blah...
They are all just renault meganes; therefore, will depreciate at first, then depreciate some more, then continue to depreciate unitl finally (guess what) they depreciate!!
Like anything the cost will boil down to 2 factors; what the buyer is prepared to fork out and what the seller is prepared to let it go for.
Maybe best to think of our vehicles in terms of value for money folks - in that respect i'd give my little renault 100%, you?
conley 28-02-2011, 13:25:46 FPMSL - market places and economic conditions and this car has better spec than that, blah, blah, blah...
They are all just renault meganes; therefore, will depreciate at first, then depreciate some more, then continue to depreciate unitl finally (guess what) they depreciate!!
Like anything the cost will boil down to 2 factors; what the buyer is prepared to fork out and what the seller is prepared to let it go for.
Maybe best to think of our vehicles in terms of value for money folks - in that respect i'd give my little renault 100%, you?
Nice.
And of course if the car is still sitting on your drive unsold it can be worth whatever you fancy.
‘Mine will shift for top dollar, go no doubts about that. It’s right special’
clarki 28-02-2011, 13:47:35 Nice.
And of course if the car is still sitting on your drive unsold it can be worth whatever you fancy.
‘Mine will shift for top dollar, go no doubts about that. It’s right special’
True, but we cant be held responsible for other people's stupidity!!
conley 28-02-2011, 15:41:48 True, but we cant be held responsible for other people's stupidity!!
Or for relentlessly needing to take the ****.
RGV500 28-02-2011, 21:44:18 Interested to see the low end of .R's being illustrated in the £15k bracket.
So what do we think an "as new" one would make today. 2009 - delivery miles - been in storage............... for example?
Not that I'd be interested in selling such if I had one.
conley 01-03-2011, 08:59:34 Interested to see the low end of .R's being illustrated in the £15k bracket.
So what do we think an "as new" one would make today. 2009 - delivery miles - been in storage............... for example?
Not that I'd be interested in selling such if I had one.
Well for the hypothetical person that didn’t have one or wouldn’t be selling it - less than they paid for it.
Renault couldn’t even sell the UK allocation and the R26R is nowhere near being established as a known or desirable collectors mark.
Been some good exchange of views.
I also wasn’t aware this forum was supposed to be a compulsory school of education.
If you feel short changed, you have the option for a shot at a partial refund on the subscription I suppose.
I didn't say there hadn't been a good exchange of views.
I didn't say i expected to learn anything from this forum.
I didn't say i feel short changed.
That gun of yours sure is fully loaded on this one, it just won't run out of blanks will it.
RGV500 01-03-2011, 15:11:44 I didn't say there hadn't been a good exchange of views.
I didn't say i expected to learn anything from this forum.
I didn't say i feel short changed.
That gun of yours sure is full loaded on this one, it just won't run out of blanks will it.
It was good to observe the exchanges. Common theme which I agree with is that we haven't found a 26.R owner who bought such a thing as investments or who really care much about the cost of their ownership. It appears we bought them 1] because we could and 2] because we want to experience the hipe. With every teenage boy my son knowns seeming to know more about the car than I do [even possibly more than Conley] - they will remain sought after enough to be into the next generation of car fans.
Personally I don't give a monkey's if Renault planned to build thousands of them [like the R26] and then only sold 1 to me. The coin wasn't the "driving factor".
If your a Renault fan, buy one. Thats my advice - there'll be plenty more money going through you hands as life passes by.
With every teenage boy my son knowns seeming to know more about the car than I do [even possibly more than Conley] - they will remain sought after enough to be into the next generation of car fans.
Due to my son's love of the car I jested, thinking he'd forget pretty quickly, that i'll keep it for him for his 17th birthday; he hasn't forgotten! Hopefully he will have done in 12 years.
conley 01-03-2011, 20:12:27 I didn't say there hadn't been a good exchange of views.
I didn't say i expected to learn anything from this forum.
I didn't say i feel short changed.
That gun of yours sure is fully loaded on this one, it just won't run out of blanks will it.
With replies like these ^^^^ anyone would think the Uzi has live rounds in the mag, its pointing in your direction and the hammer is cocked. Mucho defensive.
conley 01-03-2011, 20:22:50 It was good to observe the exchanges. Common theme which I agree with is that we haven't found a 26.R owner who bought such a thing as investments or who really care much about the cost of their ownership. It appears we bought them 1] because we could and 2] because we want to experience the hipe. With every teenage boy my son knowns seeming to know more about the car than I do [even possibly more than Conley] - they will remain sought after enough to be into the next generation of car fans.
Personally I don't give a monkey's if Renault planned to build thousands of them [like the R26] and then only sold 1 to me. The coin wasn't the "driving factor".
If your a Renault fan, buy one. Thats my advice - there'll be plenty more money going through you hands as life passes by.
If you dont give a monkeys about the value or the future sought after value why did you pose this 'hypothetical' question then?:
Interested to see the low end of .R's being illustrated in the £15k bracket.
So what do we think an "as new" one would make today. 2009 - delivery miles - been in storage............... for example?
Not that I'd be interested in selling such if I had one.
Maybe there is a big bit of you that does care about value, or the answer just didn't chime in with your own aspirations.
Jay Kay 01-03-2011, 20:46:15 Mmmmmm all this cock waving is making me hungry. :yumyum:
What, for cock???
Artic Monkey 01-03-2011, 20:48:31 What, for cock???
Fail....:moon:
RGV500 02-03-2011, 10:43:50 If you dont give a monkeys about the value or the future sought after value why did you pose this 'hypothetical' question then?:
Maybe there is a big bit of you that does care about value, or the answer just didn't chime in with your own aspirations.
Prehaps I thought I make try and get involved? There could be far more alternative reasons for posting than the two simplistic motives you have identify.
Your focus Conley has been on how the .R has fallen. But I know of 2 which are salted - as new- and you I know that if a dealer put them up today they be new price.
Now mine has no real use because I've been busy the last 18 months [in the middle east]. It's about to get used. The other is owned by someone who has a track record in identifying cars which appreciate medium to long term.
But remember they where marketed to be a drivers car and a future classic. Yes and they will generally loose money short term and non more so than the cars which have a hard life or 5 owners in 5 years [unless you take into the equasion the bungs which the dealers make in the middle].
If you look at the Spider and the Turbo 2 you can justify the future classic status and medium to long term they retain a damn sight more coin then the base model they originated from.
FYI - the reason I posted was because I was getting the impression you had some objective in talking the prices down. You'll loose less with an .R than a R26 [I know - I had one of them when they were new as well]. I'm not knocking them - both are great fun and they were my vehicles of choice against many alternatives.
As for the "they could sell the UK allocation" comment. If you were there at the time looking to buy new you'd know that you buy a build slot. 450 were allocated worldwide - 230 to the UK. We never knew how many where sold at any one time or the date upon which Renault would close the build programme. Remember also that this was against a background of a world wide economic recession widely laid at the door of US bankers - and not interest in the .R itself. For me - it turned out to be an advantage to find that 158 came to the UK and many times that number of people know about the car [you seem pretty gen'd up for one].
STo conclude, if your going to comment about extreme value drops, don't take exception when someone champions the extreme opposite end of residuals. When lls said and done, they're still a just a car, not life or limb, they'll loose money [unless your a dealer]. You take your choice - you loose your money - but in an .R you have a hell of a lot of fun doing it. As an owner of one I get used to the accassional derogatory remark but bear in mind that old adage - "some people know the price of everything and the value of nothing"! The Uzi might be loaded but just hope the opposition isn't sitting on an HK USP dear boy.
Jon B 02-03-2011, 12:18:07 This thread has been an interesting read. I suppose it all boils down to what people are willing to pay. Using older classic Renaults as an example, some are going up in money now. A mint (by mint I mean as new condition) Williams will go for 10k+
conley 02-03-2011, 13:30:21 Prehaps I thought I make try and get involved? There could be far more alternative reasons for posting than the two simplistic motives you have identify.
Your focus Conley has been on how the .R has fallen. But I know of 2 which are salted - as new- and you I know that if a dealer put them up today they be new price.
Now mine has no real use because I've been busy the last 18 months [in the middle east]. It's about to get used. The other is owned by someone who has a track record in identifying cars which appreciate medium to long term.
But remember they where marketed to be a drivers car and a future classic. Yes and they will generally loose money short term and non more so than the cars which have a hard life or 5 owners in 5 years [unless you take into the equasion the bungs which the dealers make in the middle].
If you look at the Spider and the Turbo 2 you can justify the future classic status and medium to long term they retain a damn sight more coin then the base model they originated from.
FYI - the reason I posted was because I was getting the impression you had some objective in talking the prices down. You'll loose less with an .R than a R26 [I know - I had one of them when they were new as well]. I'm not knocking them - both are great fun and they were my vehicles of choice against many alternatives.
As for the "they could sell the UK allocation" comment. If you were there at the time looking to buy new you'd know that you buy a build slot. 450 were allocated worldwide - 230 to the UK. We never knew how many where sold at any one time or the date upon which Renault would close the build programme. Remember also that this was against a background of a world wide economic recession widely laid at the door of US bankers - and not interest in the .R itself. For me - it turned out to be an advantage to find that 158 came to the UK and many times that number of people know about the car [you seem pretty gen'd up for one].
STo conclude, if your going to comment about extreme value drops, don't take exception when someone champions the extreme opposite end of residuals. When lls said and done, they're still a just a car, not life or limb, they'll loose money [unless your a dealer]. You take your choice - you loose your money - but in an .R you have a hell of a lot of fun doing it. As an owner of one I get used to the accassional derogatory remark but bear in mind that old adage - "some people know the price of everything and the value of nothing"! The Uzi might be loaded but just hope the opposition isn't sitting on an HK USP dear boy.
Couple of points from me. Firstly, as all the R26R owners proudly state in this thread they did not pay list for an R26R, so any new R26R from a dealer right now would trade well below list, even if they could get a buyer. New car discounts always kill residuals.
That other R26R you mention is ‘owned by someone who has a track record in identifying cars which appreciate medium to long term’ means what? Well he is either not that smart an investor or just believes his own hype. The medium term appreciation will only happen when a large percentage of the list price is knocked out of them. There is a long way for the R26R to fall yet and the used market is proving it.
Regarding R26R UK allocation and unsold vehicles. The usual story is the recession was the blame. Strangely, at the same time every new model 911 GT3 RS was sold on release from Porsche. They could have sold the UK allocation twice over.
Ever thought that R26R ‘future classic’ purchase never existed in the public’s mind? All just the wrong time, or also a big element of the wrong car? Even today a 4 year old 2007 911 GT3 RS with 10K miles trades at just 20% below list. The R26R is already trading 30% below list price or 25% below the discounted price at 2 years . Not looking good so far.
I have no agenda to talk down the R26R market. I just see what they sell and trade for, unlike owners unsubstantiated views on what they ‘may’ be worth.
Also bear in mind, they are actually currently losing money at the same rate as an R26. Fact, not owners speculation. Mint 2 year old full spec R26Rs from dealers have already lost £6K from their discounted new price.
Like you say, I do appreciate owners want to champion the extreme end of the R26R residuals but we need to see 2 year old low mileage R26Rs selling for £20K+ before any postings here have any real substance on ‘classic status’.
You gotta keep your feet on the ground and a HK hidden under your thigh is no match for a cocked Uzi pointed at your torso.
g10far 03-03-2011, 12:42:39 I dont often start many threads but I have to say this is the longest one I have ever started by far. Its good to see varied points and discussions, I have'nt yet managed to secure the R I wanted but theres still hope! The deppreciation dosent bother at all as I plan on keeping the car for a long time, I was just curious to see what people paid and what they think they are worth, this thread has seemed to answer them all so far!
conley 03-03-2011, 13:27:02 I dont often start many threads but I have to say this is the longest one I have ever started by far. Its good to see varied points and discussions, I have'nt yet managed to secure the R I wanted but theres still hope! The deppreciation dosent bother at all as I plan on keeping the car for a long time, I was just curious to see what people paid and what they think they are worth, this thread has seemed to answer them all so far!
I think your key phrase is ‘the depreciation doesnt bother you’.
You can see though it does though for lots of other owners. Of course none of them can buck the actual market when they come to sell.
Remember that renowned adam123 fella on here that spent large on an EVO just to write it off, well he paid £18500 for this:
http://www.pistonheads.co.uk/sales/2464210.htm
The dealer made about £1500 out of him. A few weeks later when he is bored with it he gets desperate to sell and they buy it back for £17600 to make another £1000 from him.
Bottom line is that mint R26R is worth about £17K. Or, on topic, a £7K loss from a discounted new price in 2 years.
Dreams and unfulfilled desires, such is the harsh nature of unrequited residuals when the real hard cash goes across the table.
clarki 03-03-2011, 16:59:53 I dont often start many threads but I have to say this is the longest one I have ever started by far. Its good to see varied points and discussions, I have'nt yet managed to secure the R I wanted but theres still hope! The deppreciation dosent bother at all as I plan on keeping the car for a long time, I was just curious to see what people paid and what they think they are worth, this thread has seemed to answer them all so far!
I'm in the same boat fella - my R is purely a trackday toy which I plan to keep for years and years and years so tbh I couldnt tell you what theyre worth now. But find yourself a goodun at a good price and youll be grinning from ear to ear - its a fantastic car.
As for depreciation - just let good old conley worry about that - youll have enough to think about given the cost of 888s and feul these days!!
NoirProfond 03-03-2011, 20:43:21 One of the things I like most about the residuals on the Renault, are that it is physically impossible for me to to lose as much as I paid for the other halfs motor (a BMW), all of which will disappear while the .R I think will retain some value. Okay, mileage and use come into this of course, but I can't see (imagine, hope, guess... - delete as applicable) a 5-year old X3 being worth more than a same age .R. Okay, this is a bit off-course for the thread - sorry!!
fredrickr26 04-03-2011, 13:22:33 Couple of points from me. Firstly, as all the R26R owners proudly state in this thread they did not pay list for an R26R, so any new R26R from a dealer right now would trade well below list, even if they could get a buyer. New car discounts always kill residuals.
That other R26R you mention is ‘owned by someone who has a track record in identifying cars which appreciate medium to long term’ means what? Well he is either not that smart an investor or just believes his own hype. The medium term appreciation will only happen when a large percentage of the list price is knocked out of them. There is a long way for the R26R to fall yet and the used market is proving it.
Regarding R26R UK allocation and unsold vehicles. The usual story is the recession was the blame. Strangely, at the same time every new model 911 GT3 RS was sold on release from Porsche. They could have sold the UK allocation twice over.
Ever thought that R26R ‘future classic’ purchase never existed in the public’s mind? All just the wrong time, or also a big element of the wrong car? Even today a 4 year old 2007 911 GT3 RS with 10K miles trades at just 20% below list. The R26R is already trading 30% below list price or 25% below the discounted price at 2 years . Not looking good so far.
I have no agenda to talk down the R26R market. I just see what they sell and trade for, unlike owners unsubstantiated views on what they ‘may’ be worth.
Also bear in mind, they are actually currently losing money at the same rate as an R26. Fact, not owners speculation. Mint 2 year old full spec R26Rs from dealers have already lost £6K from their discounted new price.
Like you say, I do appreciate owners want to champion the extreme end of the R26R residuals but we need to see 2 year old low mileage R26Rs selling for £20K+ before any postings here have any real substance on ‘classic status’.
You gotta keep your feet on the ground and a HK hidden under your thigh is no match for a cocked Uzi pointed at your torso.
20% depreciation of 100k plus car is more than you will lose on any renaultsport in the cars life time so not a route for comparison.
If you like them, just buy one and enjoy it as with Conley's example shows, you could lose a whole lot more if you buy a new 997 gt3 rs which as a percentage depreciator is great buy. Alot more 997 gt3 rs made so future values might not be a great as the 996 gt3 rs which have started to appreciate.
conley 04-03-2011, 14:35:07 A still life in this thread then?
For depreciation, the % is the only way to go. That is the only way to make any valid comparisons.
The GT3 RS is always a good comparison and often used when referring to the R26R as a concept and specific vehicle type. Value for money is a whole different ball game though.
The problem for the R26R is it doesn’t have a previous heritage to fall back on and was an end of model run out special edition. A small one-off run. No one is sure (yet) what status it will achieve. The 911 GT3 RS is a well established and consistent brand, hence those very low residuals.
nickw35572 04-03-2011, 14:45:01 For depreciation, the % is the only way to go. That is the only way to make any valid comparisons.
It depends why you're calculating it. If you want to assess how well a car has held its value, fine.
But if you want to work out what the running costs of a car will be over your ownership, then the absolute depreciation figure is far more important. As fredrickR26 said, 20% on an expensive Porsche is going to be a lot more than 50% on a Renault.
Or, in a more realistic comparison, 40% on a £30k car and 50% on £20k car will still mean the amount you lose on the £20k car is less.
Most people buying Renaults don't have an unlimited budget, hence the running costs significance.
fredrickr26 04-03-2011, 18:15:57 Sounds like city talk to me. All that matters to the general punter at this level is how much hard earned cash has been lost and in this case not alot for the fun had reading between the lines.
conley 05-03-2011, 19:47:19 Sounds like city talk to me. All that matters to the general punter at this level is how much hard earned cash has been lost and in this case not alot for the fun had reading between the lines.
Fun for cash? Safe comment that one as its open to any interpretation.
Loads of fun can be had with a 10 year old Clio 172 for £2K. Who needs an R26R?
Talking of fun and the 'City Boys', maybe they are more switched on than you think. This chap has only lost about £15K in 4 years. Not a bad bit of fun for less than £4K per year and not far off R26R depreciation:
http://www.pistonheads.co.uk/sales/2514860.htm
It’s all relative eh?
fredrickr26 06-03-2011, 09:03:33 Fun for cash? Safe comment that one as its open to any interpretation.
Loads of fun can be had with a 10 year old Clio 172 for £2K. Who needs an R26R?
Talking of fun and the 'City Boys', maybe they are more switched on than you think. This chap has only lost about £15K in 4 years. Not a bad bit of fun for less than £4K per year and not far off R26R depreciation:
http://www.pistonheads.co.uk/sales/2514860.htm
It’s all relative eh?
Keep your knickers on Conley! All i'm saying is we carn't compare a 100k supercar to a 22k ish r26r. I don't have a r26r and never will as you can have much faster track cars (second hand) for your money. But i suspect people who buy have bought them wanted an out off the box car, cabable of doing a decent lap time new car with a warranty etc.
If using these cars for this purpose i suspect they are not are not bad value for money even if they lose 3k a year! Future values will depend on if not tracked, low miles, full service history etc etc which is the reason i don't have one. My bet is that in 5 years time the used ones will sit a couple of grand above a std R26 and both used as fwd track slags. The non tracked low milers will fetch good money due to there rarity.
As for the poker, i would love to see your workings out for that one? New price with extras? How much the dealer gave to the seller? I suspect the car was over 100k new and the dealer gave in the region of 67k ish for it meaning without hidious service costs and fuel it would be £4.71 per mile. compare this to even a r26. Most of us paid 16k new on 07reg. worth approx 9k now with 34k miles £0.2 per mile.
The 2k 10 year old clio, I agree totally, but you buy it 2k add brakes, suspension, seats, wheels and tyres then you find the engine and gearbox is fooked etc. All of a sudden you have spent 5k on something thats still worth 2k. 3k lost plus a lot of time.
clarki 06-03-2011, 15:22:15 Oh, please stop now, FFS!!
conley 06-03-2011, 19:07:49 Keep your knickers on Conley! All i'm saying is we carn't compare a 100k supercar to a 22k ish r26r. I don't have a r26r and never will as you can have much faster track cars (second hand) for your money. But i suspect people who buy have bought them wanted an out off the box car, cabable of doing a decent lap time new car with a warranty etc.
If using these cars for this purpose i suspect they are not are not bad value for money even if they lose 3k a year! Future values will depend on if not tracked, low miles, full service history etc etc which is the reason i don't have one. My bet is that in 5 years time the used ones will sit a couple of grand above a std R26 and both used as fwd track slags. The non tracked low milers will fetch good money due to there rarity.
As for the poker, i would love to see your workings out for that one? New price with extras? How much the dealer gave to the seller? I suspect the car was over 100k new and the dealer gave in the region of 67k ish for it meaning without hidious service costs and fuel it would be £4.71 per mile. compare this to even a r26. Most of us paid 16k new on 07reg. worth approx 9k now with 34k miles £0.2 per mile.
The 2k 10 year old clio, I agree totally, but you buy it 2k add brakes, suspension, seats, wheels and tyres then you find the engine and gearbox is fooked etc. All of a sudden you have spent 5k on something thats still worth 2k. 3k lost plus a lot of time.
Worry not, my Y Fronts are firmly in place.
Clarki’s are starting to look a bit soiled though.
Of course you can compare a supercar to an R26R. City boys are only blowing a similar percentage of their income and value for money and depreciation factor is just as valid for them as the mate with an R26R.
That 911 GT3 RS was only about £95K new in 2007. Not that highly specced.
I agree that the R26R will probably only sit about £3-4K above a similar R26 for the next few years. A collector’s piece will always carry a premium, but collectors are not investors so anyone thinking they are holding an investment in an R26R right now is a complete mug.
You don’t need to shell out large on a Clio 172 to make it a good fun trackday machine, although many assume you do and just shove expensive racing stuff on and then can’t work out how to get out of the pitlane. I’ve also had more fun in a Phase 1 Clio 172 than a GT3 RS.
Of course we all know you can also make an R26 just as quick down Craner Curves as an R26R for much, much less cash, but of course it will never carry the ‘R’ badge and that is a big (image) difference.
fredrickr26 06-03-2011, 21:53:38 Worry not, my Y Fronts are firmly in place.
Nice.
Renault_sport 06-03-2011, 22:12:19 Hi,
Slightly off topic but I have been looking at R26R's and I just realised by looking at Renault's website that R26R's did not come with a heated rear window!
Was a heated rear window an option and how do R26R owners cope with the car as a daily driver?
I think I come to realise that a R26 might be a better option for a car that can do everything (daily driver and occasional trck use)
Artic Monkey 06-03-2011, 22:15:02 The windows are plastic mate, how would you heat them without the risk of turning them a different shape lol. For a daily driver an r26 would be a better choice IMO. others will disagree....
NoirProfond 06-03-2011, 22:56:59 Hi,
Slightly off topic but I have been looking at R26R's and I just realised by looking at Renault's website that R26R's did not come with a heated rear window!
Was a heated rear window an option and how do R26R owners cope with the car as a daily driver?
I think I come to realise that a R26 might be a better option for a car that can do everything (daily driver and occasional trck use)
However the switch for the heated rear window is still there, with its sole function being to turn its own little indicator LED on and off...
Personally, I would not use the .R as a daily driver unless I had an entertaining country drive to work and back, with no awkward turnings - I find glances over the shoulder really difficult when clamped in by the full race harness. Though I must admit, I do use it for the odd supermarket run, because you can't beat it for load space... Good a/c and heater too... Best use for a .R is track-days, imho.
Sorry, this is way off topic!
Renault_sport 06-03-2011, 23:02:18 The windows are plastic mate, how would you heat them without the risk of turning them a different shape lol. For a daily driver an r26 would be a better choice IMO. others will disagree....
I am talking about the rear hatch window not the rear side ones.
Artic Monkey 06-03-2011, 23:04:01 I am talking about the rear hatch window not the rear side ones.
Thats plastic to.....!? :laughing2: ;)
Renault_sport 07-03-2011, 08:10:43 Thats plastic to.....!? :laughing2: ;)
The spelling suggests you are not sure either :laughing2: :p
conley 07-03-2011, 08:50:42 Touché.
R26RScott 05-07-2011, 00:00:38 What do we think of prices 4 months on? I think that I'd possibly get more than I paid for mine back in Feb and if Andy400R were to decide to sell his now I suspect he'd be asking a bit more than the £17.5k he was looking for back then (I was one of the 4 people interested at the time)
Ever decreasing numbers available, great press & more interest/demand , all good signs for something holding it's value well, no?
dangerdaz 05-07-2011, 00:34:28 Only if relatively unmodded and with the cage n ti option in my humble opinion.
15500 for the nimbus grey 1 on ph now.
conley 05-07-2011, 08:37:38 What do we think of prices 4 months on? I think that I'd possibly get more than I paid for mine back in Feb and if Andy400R were to decide to sell his now I suspect he'd be asking a bit more than the £17.5k he was looking for back then (I was one of the 4 people interested at the time)
Ever decreasing numbers available, great press & more interest/demand , all good signs for something holding it's value well, no?
Nope.
Streetfighter 05-07-2011, 08:42:50 Nope.
Come on now, don't hold back with the word count.
conley 05-07-2011, 09:09:47 Come on now, don't hold back with the word count.
Some cut and paste says it all:
Only if relatively unmodded and with the cage n ti option in my humble opinion.
15500 for the nimbus grey 1 on ph now - still unsold.
And of course that bloke that couldn’t sell his for £17.5K will now be able to ask £19K for it.......this stuff is better than the Comedy Roadshow.
Streetfighter 05-07-2011, 09:26:02 Only if relatively unmodded and with the cage n ti option in my humble opinion.
15500 for the nimbus grey 1 on ph now.
A modded one, most will steer clear, hence still for sale.
Some cut and paste says it all:
And of course that bloke that couldn’t sell his for £17.5K will now be able to ask £19K for it.......this stuff is better than the Comedy Roadshow.
That's why you're still here, pound for pound, better value than Al Murray.
Bahnstormer 05-07-2011, 09:36:58 My wife was surprised to see the current market price for em. So much so she asked would I consider another instead of a Clio 200 I'm meant to be looking at.
clarki 05-07-2011, 09:46:28 TBH, forget price, just buy one instead of a clio 200 - easy decision!!
Although mine's worth millions and millions and continues to go up in value every month - good huh.
Streetfighter 05-07-2011, 09:48:50 Mine is priceless. Fact.
conley 05-07-2011, 09:50:25 A modded one, most will steer clear, hence still for sale.
That's why you're still here, pound for pound, better value than Al Murray.
A modded one, so that will never shift then........
I sense that well known psychological syndrome of ‘my car is worth more than anyone else’s because.....blah, blah.’
Always blown apart when they actually come to sell it and have to interface with real buyers.
Streetfighter 05-07-2011, 09:58:56 A modded one, so that will never shift then........
I sense that well known psychological syndrome of ‘my car is worth more than anyone else’s because.....blah, blah.’
Always blown apart when they actually come to sell it and have to interface with real buyers.
http://i163.photobucket.com/albums/t297/Original_fighter/fishing-hook1.jpg
Didn't even need a worm
conley 05-07-2011, 10:06:55 My wife was surprised to see the current market price for em. So much so she asked would I consider another instead of a Clio 200 I'm meant to be looking at.
What a canny woman..........
R26RScott 05-07-2011, 10:48:19 Some cut and paste says it all:
And of course that bloke that couldn’t sell his for £17.5K will now be able to ask £19K for it.......this stuff is better than the Comedy Roadshow.
Eh?....... I think if you are referring to Andy400R you'll find that he was only selling to finance a business opportuntity that subsequently didn't materialse - hence he didn't sell his car, not unsold.
That Nimbus one has been reduced & remains unsold for a reason...............desirable ones & undesirable ones out there.
So, Looks to me that the current available choice is 1x Nimbus with 16K + some mods @ £15.5k, this one http://www.pistonheads.com/sales/2916887.htm for £20k , this one for £20k http://www.xtreme-uk.net/performance-cars/detail.asp?ID=186 & This one sold for £18k
http://www.pistonheads.com/sales/2803029.htm
Go figure.....................
conley 05-07-2011, 11:23:01 ^^^^^
Or this one.....
http://www.pistonheads.com/sales/2977442.htm
Some words to ponder: Dealers Margin. Reality.
There are some cracking private R26R’s for about £15K.
Current owners - I can feel your pain.........
clarki 05-07-2011, 11:29:26 Pain??
Please explain?
Bahnstormer 05-07-2011, 11:48:33 TBH, forget price, just buy one instead of a clio 200 - easy decision!!
Although mine's worth millions and millions and continues to go up in value every month - good huh.
You know I already have one don't you? Would 2 be rude?
conley 05-07-2011, 11:52:19 Pain??
Please explain?
Here you go clarki:
http://www.phrases.org.uk/bulletin_board/53/messages/348.html
R26RScott 05-07-2011, 12:04:35 That's done 24000 miles? - Seems a fair price for that sort of mileage tbh....
We are all well aware of how dealers/traders operate and naturally there is a margin but the choices are limited. Now, I'm no Quentin Wilson, but I'm pretty sure that these traders have not bought these .R for £15K and are marking them up to very nearly £20K
There are several "wanted" ads on PH looking for .R's so I take your comment that there are some "carckers" available privateley for £15k as wishful thinking.
Feel free to explain the "I feel your pain" comment btw.......
The OP is looking to buy a great car & to, very wisely, minimise his depreciation losses - imho I think that an .R will perform very similarly to a Caterham (depreciaion wise) i.e very well - the ones that are second or third cars and subsequently low mileage, cherished "toys" more so than the ones used as "daily drives"
R26RScott 05-07-2011, 12:13:46 Let me add that I bloody love my .R - it gets more attention than my mates brand new £40k Lotus Exige S & it would not be shaken off by a 2011 Porsche GT3 RS at Cadwell , so no pain felt here (although it's appetite for 888's smarts a little!) save your empathy for someone else.
conley 05-07-2011, 12:27:10 That's done 24000 miles? - Seems a fair price for that sort of mileage tbh....
We are all well aware of how dealers/traders operate and naturally there is a margin but the choices are limited. Now, I'm no Quentin Wilson, but I'm pretty sure that these traders have not bought these .R for £15K and are marking them up to very nearly £20K
There are several "wanted" ads on PH looking for .R's so I take your comment that there are some "carckers" available privateley for £15k as wishful thinking.
Feel free to explain the "I feel your pain" comment btw.......
The OP is looking to buy a great car & to, very wisely, minimise his depreciation losses - imho I think that an .R will perform very similarly to a Caterham (depreciaion wise) i.e very well - the ones that are second or third cars and subsequently low mileage, cherished "toys" more so than the ones used as "daily drives"
Couple of points.
You are not a trader, you are a private punter. You need to value your car on that basis.
This ‘cracker’ right now is available at about £15K:
http://www.pistonheads.com/sales/2909713.htm
Where is my wishful thinking? – your turn to explain.
I reckon my R26 is worth £13K because I’ve seen one for sale at that price at a dealer. Actually, I would flog it for £7K because that is its true value and I know it would then shift. Hello.....
conley 05-07-2011, 12:34:56 Let me add that I bloody love my .R - it gets more attention than my mates brand new £40k Lotus Exige S & it would not be shaken off by a 2011 Porsche GT3 RS at Cadwell , so no pain felt here (although it's appetite for 888's smarts a little!) save your empathy for someone else.
Don't get me wrong, they are good motors and we are talking current residuals not track performance here - but as you come to mention it, they are not in the same league as a GT3 RS. Reality check required.
Couple of points.
You are not a trader, you are a private punter. You need to value your car on that basis.
This ‘cracker’ right now is available at about £15K:
http://www.pistonheads.com/sales/2909713.htm
Where is my wishful thinking? – your turn to explain.
Not really a true reprsentation of values as he's seen another car and doesn't want to lose it and is therefore selling at a reduced price.
Stage 2 counts against as does no Ti, but a bargain for someone.
I've had two people offer me £3000 more than this for mine in the last 6 weeks. I'd call that ''True Value''.
Bahnstormer 05-07-2011, 13:39:55 Market Value is the price someone will pay for something. End of. Whether he has or hasn't seen the second coming of christ or a new Ferrari has nothing to do with it. Market value is independent of the sellers wishes. Its the buyer who stipulates market value. As he will either buy or not buy at the price being asked. Now at the moment it looks like its either mid track day season and no one wants to buy a track car right now, or this chap is not selling at the right price. I personally think its timing.
conley 05-07-2011, 13:46:54 Not really a true reprsentation of values as he's seen another car and doesn't want to lose it and is therefore selling at a reduced price.
Stage 2 counts against as does no Ti, but a bargain for someone.
I've had two people offer me £3000 more than this for mine in the last 6 weeks. I'd call that ''True Value''.
I dig these threads.
Any other strange reasons why quality, top value private sale R26Rs currently on sale are not really representative value?
The market selling price sets the true value. The stories behind the sale are irrelevant.
People willing to stuff your pockets full of over book cash for your motor is the stuff of urban myths.
conley 05-07-2011, 13:49:15 Market Value is the price someone will pay for something. End of. Whether he has or hasn't seen the second coming of christ or a new Ferrari has nothing to do with it. Market value is independent of the sellers wishes. Its the buyer who stipulates market value. As he will either buy or not buy at the price being asked. Now at the moment it looks like its either mid track day season and no one wants to buy a track car right now, or this chap is not selling at the right price. I personally think its timing.
I personally think it's the economy. That may be the same thing. The flash cash has left the building.
conley 05-07-2011, 14:36:08 While I’m on roll..... and as I really dig a drop of market analysis and trading.
This one?:
http://www.pistonheads.com/sales/2911804.htm
Or this one?:
http://www.pistonheads.com/sales/2901286.htm
Similar motors. Both unsold.
All R26 owners can now tell me why the cheap one is not great value. Maybe he has a boil on his bum and is forced to sell it below true value.
Or maybe one is just overpriced compared to the true realities of the market and the bloke flogging it is a dreamer.
clarki 05-07-2011, 15:16:51 And breath...
clarki 05-07-2011, 15:19:27 You know I already have one don't you? Would 2 be rude?
Yeah, yeah - I just dont get the clio thing, maybe its just me, but theyre just not my cup of tea tbh.
R26RScott 05-07-2011, 15:30:56 Conley:
Your entire argument is based around one car that's priced way below others for sale. Why is it that cheap? Why has it not sold? Maybe it's got more miles than people looking to buy an .R want? Maybe it's not the most desirable colour? Maybe it's because it's been
modded? Maybe it's had an "off" at Mallory Park.......who knows for sure.
The facts are that, apart from this http://www.pistonheads.com/sales/2909713.htm , ASKING PRICES are generally UP on what they were.
The fact that I'm not a trader, but merely a private punter is irrelevant. Do you think that anyone with CAP or Glasses subscription has a RIGHT to buy at bottom book & sell at top retail?
Where is your wishful thinking? – you seem to be the only person on here that thinks an .R is following the same deprciaition curve as every other volume Renault, they aren't.
I suggest that you re-read my post about the GT3 RS as you've clearly mis-interpretted it...........
People willing to stuff your pockets full of over book cash for your motor is the stuff of urban myths.
Just telling you of my experience: no lies, no urban myth, just two very keen and genuine .R purchasers who see the value in the product.
conley 05-07-2011, 16:25:52 And breath...
It's breathe clarki.
conley 05-07-2011, 16:31:11 Just telling you of my experience: no lies, no urban myth, just two very keen and genuine .R purchasers who see the value in the product.
Or maybe they just like to blow hot air up peoples backsides.
denty 05-07-2011, 16:49:49 Sold my r26r for 18k after 6 months and only paid 18k for it. So prices not moving for the right spec ones.
Bahnstormer 05-07-2011, 16:50:46 I personally think it's the economy. That may be the same thing. The flash cash has left the building.
Aye that too ;)
hhh182 05-07-2011, 16:58:04 if there was a unmodififed full spec one id be paying for it no doubt, i dont see this car depreciating fast, there is always going to be fewer and fewer due to accidents, those kept immaculate and off road miles will hold the value very well.
so for a unmodified full spec say 10-15k miles what price would you expect, NOT from a stealer... ??
conley 05-07-2011, 17:23:37 Conley:
Your entire argument is based around one car that's priced way below others for sale. Why is it that cheap? Why has it not sold? Maybe it's got more miles than people looking to buy an .R want? Maybe it's not the most desirable colour? Maybe it's because it's been
modded? Maybe it's had an "off" at Mallory Park.......who knows for sure.
The facts are that, apart from this http://www.pistonheads.com/sales/2909713.htm , ASKING PRICES are generally UP on what they were.
The fact that I'm not a trader, but merely a private punter is irrelevant. Do you think that anyone with CAP or Glasses subscription has a RIGHT to buy at bottom book & sell at top retail?
Where is your wishful thinking? – you seem to be the only person on here that thinks an .R is following the same deprciaition curve as every other volume Renault, they aren't.
I suggest that you re-read my post about the GT3 RS as you've clearly mis-interpretted it...........
There have been many private punter sales of quality R26Rs at circa £15-17K.
Also, what do you think people trading them in get? The only hope for a reasonable price is when the dealer has their pants down on the new one.
Asking prices are up.......... are we on the same planet? What next .....the things are flying off the shelves.
You as the private punter is actually the most relevant thing here - your car is not worth dealer asking prices.
A full spec R26R without the Ti was about £26K list. Now available for £15-16K. £10-11K depreciation in 2-3 years. Not very good and similar to the R26.
What’s the thing with the GT3 RS then? You did sort of imply the R26R was so good quote: ‘it would not be shaken off by a 2011 Porsche GT3 RS at Cadwell’
bluediamond 05-07-2011, 17:54:25 Lol, how many people paid list price thou ;)
I paid 21k new with no ti and sold for 16k. Not to bad a loss (imo).
A few new ones sold for well under 20k with ti and cage.
Just my 2 pence worth :biggthumpup:
conley 05-07-2011, 18:05:23 Lol, how many people paid list price thou ;)
I paid 21k new with no ti and sold for 16k. Not to bad a loss (imo).
A few new ones sold for well under 20k with ti and cage.
Just my 2 pence worth :biggthumpup:
Yeah, and I paid £17K for a new R26 and have lost £10K in 4 years and 55K miles.
Even better...........
clarki 05-07-2011, 18:06:41 Lol, how many people paid list price thou ;)
I paid 21k new with no ti and sold for 16k. Not to bad a loss (imo).
A few new ones sold for well under 20k with ti and cage.
Just my 2 pence worth :biggthumpup:
That's also what I paid for mine.
And I know sicknote paid less than £20K for his - git!!
bluediamond 05-07-2011, 18:09:38 Exactly, same depreciation speed as my R ;)
10k in 4 years
5k in 2 years
conley 05-07-2011, 18:11:20 Exactly, same depreciation speed as my R ;)
10k in 4 years
5k in 2 years
55K miles on the R26 and its not a minter......
clarki 05-07-2011, 18:11:37 Which aint bad for a Renault really.
hhh182 05-07-2011, 18:12:49 how did dealers sell under asking price? I would have thought they would have sold up not below due to demand as restrcited imported numbers.. :S :S
or did they actually have to push sales as demand was less than volume?
conley 05-07-2011, 18:15:29 how did dealers sell under asking price? I would have thought they would have sold up not below due to demand as restrcited imported numbers.. :S :S
or did they actually have to push sales as demand was less than volume?
No significant demand for them.
clarki 05-07-2011, 18:15:36 When sicknote got his it was near the end and yes they couldnt give em away at that point.
Mine was priced up by the dealer at £22.5k, I offered 21 and got the deal - shouldve maybe offered less but thought I was taking the pi$$ already - lesson learnt there.
bluediamond 05-07-2011, 18:20:28 55K miles on the R26 and its not a minter......
22k miles on the R, only a few 1000 less than half of your 55K....
conley 05-07-2011, 18:40:40 22k miles on the R, only a few 1000 less than half of your 55K....
So, the R26 and R26R have a very similar depreciation curve.
Could be controversial.
R26RScott 05-07-2011, 18:51:26 There have been many private punter sales of quality R26Rs at circa £15-17K.
Also, what do you think people trading them in get? The only hope for a reasonable price is when the dealer has their pants down on the new one.
Asking prices are up.......... are we on the same planet? What next .....the things are flying off the shelves.
You as the private punter is actually the most relevant thing here - your car is not worth dealer asking prices.
A full spec R26R without the Ti was about £26K list. Now available for £15-16K. £10-11K depreciation in 2-3 years. Not very good and similar to the R26.
What’s the thing with the GT3 RS then? You did sort of imply the R26R was so good quote: ‘it would not be shaken off by a 2011 Porsche GT3 RS at Cadwell’
You've heard from Denty that he had 6 months depreciation free motoring and sold for £18k, you've heard that another member has been offered £18k - you know the ASKING prices around the net but you still claim the actual value of all non TI .R's is £15k? Sorry, but I think most people involved in this thread disagree with you.
I think that your being pedantic regarding my anecdotal comment about how a GT3 RS could not shake me off at a recent Cadwell Park Track day. Maybe the Porsche driver wasn't very good or MAYBE the .R is not a million miles behind a GT3 RS on that track, either way the Porsche driver was impressed at the .R's pace & agility. Capiche?
To the OP - looks like the .R could be a good purchase if you are worried about depreciation. Buy one & enjoy it.
bluediamond 05-07-2011, 19:06:13 So, the R26 and R26R have a very similar depreciation curve.
Could be controversial.
In the first 2 years, yes (in my experience).
In the next 2 years, who knows.
conley 05-07-2011, 19:08:39 You've heard from Denty that he had 6 months depreciation free motoring and sold for £18k, you've heard that another member has been offered £18k - you know the ASKING prices around the net but you still claim the actual value of all non TI .R's is £15k? Sorry, but I think most people involved in this thread disagree with you.
I think that your being pedantic regarding my anecdotal comment about how a GT3 RS could not shake me off at a recent Cadwell Park Track day. Maybe the Porsche driver wasn't very good or MAYBE the .R is not a million miles behind a GT3 RS on that track, either way the Porsche driver was impressed at the .R's pace & agility. Capiche?
To the OP - looks like the .R could be a good purchase if you are worried about depreciation. Buy one & enjoy it.
Cadwell Park?
How about Bedford West – a tightish wee circuit? Lap times:
2011 GT3 RS....1:21.9
R26R...............1:27.8
Enough time for the 911 to nip in the pits for a quick coffee.
andrewjeffs 05-07-2011, 19:30:42 Cadwell Park?
How about Bedford West – a tightish wee circuit? Lap times:
2011 GT3 RS....1:21.9
R26R...............1:27.8
Enough time for the 911 to nip in the pits for a quick coffee.
Put a similar skilled driver in the R and a GT3 and there is no comparison.
Simply much more power and grip,full stop.
Its like comparing a normal person to .....Conley....not in the same league............................................ .........capiche.
R26RScott 05-07-2011, 20:35:54 Cadwell Park?
How about Bedford West – a tightish wee circuit? Lap times:
2011 GT3 RS....1:21.9
R26R...............1:27.8
Enough time for the 911 to nip in the pits for a quick coffee.
Ok Stat'o , but again you're massively missing the point.
conley 05-07-2011, 21:29:09 Ok Stat'o , but again you're massively missing the point.
On the other hand ..... maybe not.
Paddy 05-07-2011, 21:38:33 The one thing to think about is, 20/30 years from now the R26.R will still be known as the extream of the 'hot hatch generation'.
For the above reason, if come then, there are still some in A1 condition, they will be worth a pretty penny.
The 225's R26's will be 'just another hot hatch'.
hhh182 06-07-2011, 10:40:46 The one thing to think about is, 20/30 years from now the R26.R will still be known as the extream of the 'hot hatch generation'.
For the above reason, if come then, there are still some in A1 condition, they will be worth a pretty penny.
The 225's R26's will be 'just another hot hatch'.
agree! the comparison between the gt3 and a .R is on paper and stats alone no competition, but on a track I reckon people who have .R's will push it far harder than gt3 owners.. cheaper parts to replace.. oh and when you mess up in a .R understeer with limited over is much less likely to go and cause a costly off. a example of this is youtube nurburgring laps.. how many videos do you see of 911's going slower than ford st's..
conley 06-07-2011, 13:30:33 On track the driver is the big 'Force Multiplier'.
mattr26r 08-07-2011, 11:03:48 Well I purchased my R26.R in May 09 with 2000 miles on the clock for £21995. Spec is GW, cage, toyos, black alloys and Ti. The original invoice was £23k.
I was recently offered 19k cash. It's completely original but has now done just over 30k miles. So my depreciation has been just over £1.5k/year if I'd taken the cash offer. I probably could have pushed to £20k as £19k was his first offer until I said I'd not sell it.
So as you can see there's a huge variation between what people actually paid and what you can get. It depends as much on the person doing the selling and the type of buyer you can find. £19k to the guy that wanted mine is barely a new set of discs, wheels and tyres for one of his many current cars.
Matt
conley 08-07-2011, 14:03:54 Well I purchased my R26.R in May 09 with 2000 miles on the clock for £21995. Spec is GW, cage, toyos, black alloys and Ti. The original invoice was £23k.
I was recently offered 19k cash. It's completely original but has now done just over 30k miles. So my depreciation has been just over £1.5k/year if I'd taken the cash offer. I probably could have pushed to £20k as £19k was his first offer until I said I'd not sell it.
So as you can see there's a huge variation between what people actually paid and what you can get. It depends as much on the person doing the selling and the type of buyer you can find. £19k to the guy that wanted mine is barely a new set of discs, wheels and tyres for one of his many current cars.
Matt
Who are all these mystery buyers with loads of cash......
Do they ever buy anything?
They are complete mugs if they are prepared to shell out £20K for a 30,000 mile R26R when this 24,000 bit of stuff is available at £16K:
http://www.pistonheads.com/sales/2977442.htm
Do I actually even believe you? Not really, because you cannot define a used value on what someone might have paid. Talk is always cheap. When the cash goes over the table, the price is confirmed. Anything else is known as hypothetical speculation.
When private high spec, good quality R26Rs stop trading at £15-16K, I will change my mind. Similar priced kit was about at the very start of this thread and they still are.
T_The_Tman_T 08-07-2011, 14:36:21 I've had endless people tell me if you were to sell that car mate i'd buy that of you. But when it comes down to handing over the green it's a completely different story. Conley speaks the truth you can never take someones word for it unless the money is over people can tell you what they like
clarki 08-07-2011, 14:36:35 Ive got loads of cash...
...oh no, wait, that's not true.
Conley, there are plenty of people with a whole heap of cash, but absolutely no sense. There was that banker fella on pistonheads a year or so ago - got a 25k bonus, bought a noble cos he liked the look, an original 2.5, not even a 3 or 3R - it lasted less than 2 weeks. We think idiot - he couldnt have cared less.
hhh182 08-07-2011, 14:55:24 In the market and i wont be spending 20k on one thats for sure, to sell a r26.r with 30k miles its worth probobly 15.5k, yes its got all the extras but it also has mileage which some dont yet. people like myself who are interested in these cars to buy now, will always be after all the options but for less than a thousand more over a car with miles. theres £15.5 on a 15k miles on here, yes its stage two but thats accounted for in the price surely as its not standard and wont sell as well as a unmodified version. (which i believe the owner has encountered). if you asked me how much id pay for a 30k miles one, it would be around 15 - 15.5, but im looking for lower miles so the extra ££ is worth it.
clarki 08-07-2011, 15:17:54 30k does seem like a lot - mine hasnt even hit 7 yet!!
The .r is interesting because on the one hand it has the rarety factor on its side, whereas on the other side the type of car it is greatly reduces it potential market.
Its more likely an enthusiast who will be after a .r. Some enthusiasts are exactly that and wont end up buying, to others money is not necessarily the object.
Lets face it, it wasnt a particularly expensive car new, and wont be as a used purchase either. Itll probably continue to fall to a ceiling somewhere where the prices will be slightly above or slightly below depending on age, condition, mileage, number of owners, etc. What that ceiling level will be and when it will be reached - well not sure anyone knows that yet tbh. My guess is probably somewhere around 10k in a couple of years or so, but that could be completely wrong, so dont listen to me.
All I can confirm is mine's worth every penny spent - love it.
mattr26r 08-07-2011, 16:58:02 Who are all these mystery buyers with loads of cash......
Do they ever buy anything?
They are complete mugs if they are prepared to shell out £20K for a 30,000 mile R26R when this 24,000 bit of stuff is available at £16K:
http://www.pistonheads.com/sales/2977442.htm
Do I actually even believe you? Not really, because you cannot define a used value on what someone might have paid. Talk is always cheap. When the cash goes over the table, the price is confirmed. Anything else is known as hypothetical speculation.
When private high spec, good quality R26Rs stop trading at £15-16K, I will change my mind. Similar priced kit was about at the very start of this thread and they still are.
OK, add £3k for a Ti exhaust and you're at £19k. The problem is Conley you think everyone thinks like you. For some people £20k is pocket money. I've been to track days at Silverstone where guys with 911 GT2s have trailers with £50k worth of spare wheels, rubber and discs. For these guys £20k is nothing.
It seems like you end up with two very different types of people owning .Rs. Those the stretch to afford one and will sell it cheap if they need the cash. Then there are the car nuts with a GT3, M3, Atome etc and .R and couldn't be arsed to make the effort to sell it for £20k.
You need to realise that there are only 80 .Rs road registered in the UK now. As they swap hands from chavs to bankers the prices will either stay where they are now or go up.
Personally I wouldn't have bought one for £16k at the time without the Ti exhaust. You might thank that's stupid but it's these small details that make the car what it is. The only other car with a cage, Ti exhaust and semi-slicks from the factory costs 5x as much.
Matt
poobah 08-07-2011, 17:05:37 You need to realise that there are only 80 .Rs road registered in the UK now. As they swap hands from chavs to bankers the prices will either stay where they are now or go up.
I was with you until this point? Zero depreciation or appreciation from here on out?! You're going to one severely disappointed owner if that's what you genuinely think?! Surely nobody actually believes that!?
As i said earlier in the thread (and agreeing with Clarki) they'll almost certainly settle around £10k ultimately for a reasonable example.
mattr26r 08-07-2011, 17:08:19 They are complete mugs if they are prepared to shell out £20K for a 30,000 mile R26R when this 24,000 bit of stuff is available at £16K:
http://www.pistonheads.com/sales/2977442.htm
I love it, you quote the maximum RRP versus the lowest 2nd value you can find. At the time I purchased my car a similar specced .R to the above would have been about £20k new. The car advertised has no climate control, no Ti exhaust and red wheels. The total list price for those options was around £3.5k.
Matt
conley 08-07-2011, 17:42:02 I love it, you quote the maximum RRP versus the lowest 2nd value you can find. At the time I purchased my car a similar specced .R to the above would have been about £20k new. The car advertised has no climate control, no Ti exhaust and red wheels. The total list price for those options was around £3.5k.
Matt
No, I quoted your phantom cash buyers price that you said you could have achieved for your car.
New car options also depreciate with the vehicle, including the Ti. You don’t just add the list value of those options to a 3 year old car that doesn’t have them.
I just review the market and see what is for sale at what price. The world is not stuffed with cash rich buyers all queuing up to buy every R26R on the market. If you truly believe that then this is a wasted argument. Just look at what R26Rs are not selling ATM and forget the personal aspirations.
I understand anyone that buys one and then wants to reinforce their decision and feel great about residuals with a bit of group hugging.
However, an appreciating asset? Time to get real.
That white one linked for sale at the moment is mine, I want to know where all these buyers are with money coming out their ears because they're not interested in mine that's for sure!
Had a little interest, mostly asking if it has the Ti exhaust and that's about it (sadly it doesn't otherwise it may have shifted already...who knows!), it does have fairly high miles for the sort of car it is but in my mind it was criminal buying a car like it and it just sitting there being unused.
I feel it's a pretty fair price for the car what I'm asking, I'm sure like everyone else who has one that because it's a rare and special car it'll never depreciate, but realistically it has to, even the most sort after classics these days had to go down before they went up. Hopefully I will get what I want for it and if I do it still makes it a pretty low depreciation car, even more so for the next owner I imagine!
So someone buy it please???? :D
hhh182 09-07-2011, 18:26:05 That white one linked for sale at the moment is mine, I want to know where all these buyers are with money coming out their ears because they're not interested in mine that's for sure!
Had a little interest, mostly asking if it has the Ti exhaust and that's about it (sadly it doesn't otherwise it may have shifted already...who knows!), it does have fairly high miles for the sort of car it is but in my mind it was criminal buying a car like it and it just sitting there being unused.
I feel it's a pretty fair price for the car what I'm asking, I'm sure like everyone else who has one that because it's a rare and special car it'll never depreciate, but realistically it has to, even the most sort after classics these days had to go down before they went up. Hopefully I will get what I want for it and if I do it still makes it a pretty low depreciation car, even more so for the next owner I imagine!
So someone buy it please???? :D
if it had the Ti exaust it most certainly would have shifted :) . the way the markets gone, privately with a ti, i'd be looking at 16.5k. regardless of it being quick sale price, theres a full option with stage 2 for a grand less, you want this deprecitation to stop? call that man and tell him to increase the price as right now he is responsible!
theres what you want and what it will go for if you want a sale.
cars with track dont hold value. cars with mods dont either, expect it. mine will be tracked, and it will depreciate,
but no where near as much as the r26 did in 6months, fact.
dangerdaz 09-07-2011, 18:45:17 A .r will be my nxt car after my clio 200.
But for me it must have the cage n ti.
Not worried about mileage as i think cars last better when driven rather than stagnating in a garage. And it will be my everyday car.
Just love the whole concept. Although i never understand the need to add a stereo etc but each to their own.
I just think Renault should be applauded for producing it and as long as buyers/owners end up happy...does it really matter what residuals they will hold?
Daveraustin 09-07-2011, 23:02:55 an r26.r will be my next car as well,maybe in 1 year time wen the R.S250 will get boring :) still i made a mistake i didn't get one as new,since q4 2008,hardly renault will do a car same as the r26.r.
conley 11-07-2011, 12:31:35 That white one linked for sale at the moment is mine, I want to know where all these buyers are with money coming out their ears because they're not interested in mine that's for sure!
Had a little interest, mostly asking if it has the Ti exhaust and that's about it (sadly it doesn't otherwise it may have shifted already...who knows!), it does have fairly high miles for the sort of car it is but in my mind it was criminal buying a car like it and it just sitting there being unused.
I feel it's a pretty fair price for the car what I'm asking, I'm sure like everyone else who has one that because it's a rare and special car it'll never depreciate, but realistically it has to, even the most sort after classics these days had to go down before they went up. Hopefully I will get what I want for it and if I do it still makes it a pretty low depreciation car, even more so for the next owner I imagine!
So someone buy it please???? :D
You know, isn’t is strange that potential buyers or current owners always have that convenient excuse for why something is not selling.
Wrong colour, no red wheels, modified, wrong mileage, been on track ......and the new big one - no Ti. Total load of bollocks.
All these dudes with a wedge of cash just burning a hole in their pockets and yet the dealer full spec R26R with Ti on at £20K sits unsold for weeks. Maybe that one is crap because it’s had 2 owners or had a 20 min session on the Silverstone GP...... (http://www.pistonheads.com/sales/2916887.htm)
Has anyone ever considered the used car market is seriously fooked, discretionary spending has dived, the R26R is an unnecessary luxury and the flash cash isn’t actually there. Those few buyers just want top nick, full spec and ...........low price.
Over the last year, 1 million+ of UK car owners have sold or laid up second cars due to serious money issues. Telling stuff.
Good luck with the sale by the way....
bluediamond 11-07-2011, 13:07:44 That black one is Aruns old car.
Bahnstormer 11-07-2011, 16:00:49 That white one linked for sale at the moment is mine, I want to know where all these buyers are with money coming out their ears because they're not interested in mine that's for sure!
Had a little interest, mostly asking if it has the Ti exhaust and that's about it (sadly it doesn't otherwise it may have shifted already...who knows!), it does have fairly high miles for the sort of car it is but in my mind it was criminal buying a car like it and it just sitting there being unused.
I feel it's a pretty fair price for the car what I'm asking, I'm sure like everyone else who has one that because it's a rare and special car it'll never depreciate, but realistically it has to, even the most sort after classics these days had to go down before they went up. Hopefully I will get what I want for it and if I do it still makes it a pretty low depreciation car, even more so for the next owner I imagine!
So someone buy it please???? :D
Very tempted with Wife approval too!
conley 11-07-2011, 17:04:07 That black one is Aruns old car.
And.......
Is that good or bad then?
Goes to show all this talk about 'desirable spec' means nothing when people actually have to reach into their pocket.
You would have thought my old one would have been shifted in no time if things like the titanium exhaust truly makes a difference. Alas no.
Thing is, is it worth reallly worth 4k more than Rob's car??????
hhh182 11-07-2011, 18:33:58 Using the forum for researching and observing opinions before buying is a real tip, you come across threads like 'I had a problem with my exuadt nd the dealers can't get hold of another one so 5months on I demanded a titanium one and Wow What a Difference, lovely noise n feel'. ..... Now I'm sure if you had the Option you wouldn't ignore that, all be it psychological, even if so it is what me and other buyers want... Unfortunately that's just the way it is.
andrewjeffs 11-07-2011, 18:41:43 You know, isn’t is strange that potential buyers or current owners always have that convenient excuse for why something is not selling.
Wrong colour, no red wheels, modified, wrong mileage, been on track ......and the new big one - no Ti. Total load of bollocks.
All these dudes with a wedge of cash just burning a hole in their pockets and yet the dealer full spec R26R with Ti on at £20K sits unsold for weeks. Maybe that one is crap because it’s had 2 owners or had a 20 min session on the Silverstone GP...... (http://www.pistonheads.com/sales/2916887.htm)
Has anyone ever considered the used car market is seriously fooked, discretionary spending has dived, the R26R is an unnecessary luxury and the flash cash isn’t actually there. Those few buyers just want top nick, full spec and ...........low price.
Over the last year, 1 million+ of UK car owners have sold or laid up second cars due to serious money issues. Telling stuff.
Good luck with the sale by the way....
More words of wisdom from the mighty Conley.
And i suspect the reasons stated are all to true.
Steve Saunders 11-07-2011, 22:45:56 Using the forum for researching and observing opinions before buying is a real tip, you come across threads like 'I had a problem with my exuadt nd the dealers can't get hold of another one so 5months on I demanded a titanium one and Wow What a Difference, lovely noise n feel'. ..... Now I'm sure if you had the Option you wouldn't ignore that, all be it psychological, even if so it is what me and other buyers want... Unfortunately that's just the way it is.
I'm still smiling, my luck was in that day... ;)
Bahnstormer 11-07-2011, 23:19:28 No it wasn't, you were advised well.
By me if I remember ;) .
craigr26 12-07-2011, 15:37:54 Just sat and read the whole thread there, it appears to me that Conley is just using a bit of realism, why is everyone getting so annoyed?... We would all love our cars to hold their value or depreciate minimally but that just doesn't happen unless you buy a true collectors car, going on the information available so far I would say if you want to buy the R26.R as an investment then you've maybe got to wait a little while yet before buying one to even have a chance of it holding value.
I love the R26.R and I would buy one but purely for driving pleasure, residuals etc wouldn't come into it for me as long as I got a good deal and planned on keeping it for a while, my dad loves cars and at 50 was fortunate enough to buy a car at 115k, that was nearly 6 years ago and its probably worth about 30-40k now but its still worth 115k to him and still enjoys it as much as he did on day one getting it on the back roads and driving it hard.
clarki 12-07-2011, 16:08:21 I'm not sure the actual owners are getting at all annoyed tbh.
Others seem more worried about the value/money lost than we do. We're just out there enjoying our cars!! Like your dad I guess.
Loads of doom and gloom about at the moment - so to have something that's enjoyable and fun at an affordable price is nice.
andrewjeffs 12-07-2011, 19:59:30 I'm not sure the actual owners are getting at all annoyed tbh.
Others seem more worried about the value/money lost than we do. We're just out there enjoying our cars!! Like your dad I guess.
Loads of doom and gloom about at the moment - so to have something that's enjoyable and fun at an affordable price is nice.Its just the conley factor....he has that effect on people.
Be funny though if conley was prime minister..imagine the scene..his opening speech.
`ladies gentlemen...members of the press...The country is fu**ed..but im alright`
g10far 13-07-2011, 09:15:58 Ha, 17 pages of discussion, my longest thread yet. I totally agree with everything Conley has said. I initially started this thread to get varied opinions on the R, I was going to buy regardless of the end value. I managed to secure the car I wanted, and I am loving every minute of it. The residuals dont bother me at all, in the end I got the car for what I think is a good price. I think some people are getting upset because of the price they shelled out for their R brand new, but as everyone knows most new cars loose money the minute you get them home. Even some top end cars do, I have a customer who bought a 10 plate GT3 RS and lost 10K in less than a year, with the way things are at the moment people think they can knock you down because you need the money.
I think dealer listing the below is dreaming, especially on the second link, half the car is covered in fake carbon, looks like a ****ing patch work quilt.
http://www.pistonheads.com/sales/2916887.htm
http://www.pistonheads.com/sales/3028840.htm
As I said before I am now an R owner, and realise the value of these isnt great at the moment and probably wont improve. There is a lovely Nimbus Grey one for sale that I think belongs to someone on here. Fantastic looking car and looks to have been well looked after but hasnt shifted from what I can see. When I first saw the ad I thought that will go well quickly as its a cracking looking car.
To sum up, just enjoy it, thats what I am going to do, and who knows it may become a future classic!! (well not for a few years anyway)
Peace out!!!!!
conley 13-07-2011, 12:00:10 The UK economy is driving some major changes to pricing perceptions - and the used car market is no exception.
Some people have twigged it and yet others are still living in a very different world. A special place where reality and fantasy never meet.
There is currently a wide variation in used prices for the same quality kit. Downward price pressure will rule.
What do all the R26 owners looking for unrealistic top dollar think when this sort of stuff is available.
£6500 and no....it’s not a Cat repair job (http://www.pistonheads.com/sales/2962156.htm):
http://i1127.photobucket.com/albums/l626/Josp2/2962156-1t.jpg
OK, a bit leggy at 73K miles but you could easily put another 50K on it and then just trash it.
clarki 13-07-2011, 14:41:31 I'm liking the idea of a Q5 at the moment - 40k new, but already down to 35 after just a couple of thousand miles, that'll be 30 in a month or two. So no idea what to offer or when to offer it.
Our neighbour bought an R8 recently, advertised at 53k, paid 44k!! Its a 57 plate.
And the price of a 997 Turbo - dont lets get started on that, MUST RESIST!!
Corey 13-07-2011, 16:27:07 And who said the economic downturn was a bad thing! Pistonheads classified section has never been more appealing :)
clarki 13-07-2011, 16:49:56 You're telling me.
| |