Team-BHP - View Single Post - Resale Value

Shan2nu · 20th November 2005, 13:05

Depreciation not only depends on the vehicle but also, on who it belongs to.

All our previous cars have held good value (comparitively). I hear people say that a 2001 Vtec is worth, not more than 5.5 lakhs (maybe even less) but we still keep getting offers for 6.5 lakhs.

I have no idea why it is so. I've got a feeling it's got something to do with the car being owned by a doctor. Maybe they feel a doctors car can't possibly be in a bad shape.

A 2nd hand Enzo maynot hold good value today but, just try comparing that to the one owned by the "Pope". Same car, same specs but the diff in resale value will shock you.

Shan2nu

20th November 2005, 13:05	#5 (permalink)
Shan2nu Distinguished - BHPian Join Date: Feb 2004 Location: Hubli - Karnataka - India Posts: 4,267	Depreciation not only depends on the vehicle but also, on who it belongs to. All our previous cars have held good value (comparitively). I hear people say that a 2001 Vtec is worth, not more than 5.5 lakhs (maybe even less) but we still keep getting offers for 6.5 lakhs. I have no idea why it is so. I've got a feeling it's got something to do with the car being owned by a doctor. Maybe they feel a doctors car can't possibly be in a bad shape. A 2nd hand Enzo maynot hold good value today but, just try comparing that to the one owned by the "Pope". Same car, same specs but the diff in resale value will shock you. Shan2nu __________________ VTEC flyby - youtube.com/watch?v=1AhWJlVRPqE