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Why does the price depreciate so much?

43191 Views 28 Replies 20 Participants Last post by  BigFoot
Hello Members,


40K over one year would seem alot wouldnt you think?



A slightly used 07 QP GT are selling for about 85-92K(good deal)..when the sticker on these were 130K plus.


Just wanted to see peoples thoughts on this.
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A slightly used 07 QP GT are selling for about 85-92K(good deal)..when the sticker on these were 130K plus.

Just wanted to see peoples thoughts on this.
I did a quick check within 100 miles of my zip code, found 38 QPs -12 of which were 2007 - for sale. Cheapest asking price of the 2007s' were 100K. Most were $105K. So I reckon, a person shouldn't waste any time jumping on that 2007 $85K car.

It is difficult to find hard numbers for depreciation on "exotic" cars, $100k seem to be the top limit for detailed numbers by the normal sources. Consumer Report states that a car generally depreciates 40-60% in a four year period. Depreciation hits the worse, of course, in the first two years. By the fourth year, depreciation tends to start leveling off.

For giggles, I ran some numbers of some high-end cars that I am somewhat familiar. I am not comparing apples to apples, just doing an exercise. I arbitrarily picked three MY year old cars since that puts us more or less in the middle of the Consumer Report data:

2005 MB AMG SL65
$190K new
$104K used
45% depreciation

2005 Maser QP
$125 new
$70K used
44% depreciation

My own model:
2005 Maser Spyder CC
$106K new
$60K used
43% depreciation

2005 Bentley GT
$175K new
$120K used
31% depreciation

2005 AM DB9 coupe
$175K new
$131K used
25% depreciation

So Maserati is not the best but nor is it the worse - looking at various Mercedes Benz models, I found the original owners really take a beating on the high-end AMG models. I was quite surprised to see how well Aston Martins held their value - I pre-supposed much worse. Must be that James Bond connection. :)

BTW, back to the 2007 Maser QPs. The majority of 2007 QP at my local dealers are MSRP at $128K, so as $100K currently used, that is a first year depreciation of 22%.
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