Residual price

[Matt Cupra R]

I have read alot about the LCR's losing alot of money. I bought my car 55 plate with 50 miles on the clock, in January and paid £16k for it. It had the factory sat nav that I wanted so that was why I paid more than the standard price of £15,500.

I drove past my local dealer the other day and they have a 54 plate LCR on their forecourt for £15,495.

Now considering tha car is 1 year older and has no extras, this must mean that mine would be put up for more than that. OK dealer mark up etc, but that would still mean that in a private sale I would lose almost nothing.

For me that seems like excellent value for money, and long may it continue like that.

 

[NeilW]

Sounds good in theory, but remember all Seat dealers were selling 'em brand new for £15,500 a few months ago as part of the Revolution deal. If you scan through the used cars on seat.co.uk dealer prices vary dramatically for similar cars. Same applies to autotrader and private sales. A lot of cars seem over-priced.

When I see an older LCR on a dealer forecourt for "silly money" I'm often tempted to see what they'd give me for my newer LCR. I bet it's £2-3K less than the older one.......

It's only worth what someone will pay for it.....

Plus the new FR and Cupra are out soon!

 

[Matt Cupra R]

True, but after losing 4k in one year on my BM, things are looking good for the LCR at the moment.

 

[si-mate]

LCR residuals aren't bad anyway.

Mine has just passed the 3 years mark and I would advertise it at 10k and probably accept offers over 9.5k. Considering it was £16,999 when new thats a residual of 56%. I always thought 45% was average and anything over 50% was good.
Also in that time it's cost me (without mods) a set of tyres (£500), a new set of brake pads all round (£95 thanks to the galfer group buy and a friendly mechanic) and two services (about £400) - the first year was thrown in for free.

Now I don't think £1000 is bad for three years motoring in a car like the LCR.

 

[NeilW]

True, but after losing 4k in one year on my BM, things are looking good for the LCR at the moment.

can I hold you to that when you come to sell it?

if you're anything like me you don't think about resale when you buy these bottomless pits!

 

[m0rk]

don't bank on it.

dealers won't sell for 15,500, nor will anyone buy yours for anything close to that.

SOrry

 

[IOMMAN]

I was offered 12500 for my March 04 plate LCR 6 weeks ago on a trade in against a Astra VXR

 

[Matt Cupra R]

Just going by what stuff is advertised at, I know that private sale would be less than dealer, but dealers would not knock hundreds, let alone thousands off the screen price. Doing a search on autotrader for cars 1-2 years old with less than 10,000 miles (mine has 4,500) there is nothing less than 15,495 and that is for an 05 plate. I would be very happy with £15k for mine, which is a long way off losing £4k in one year.

 

[NeilW]

You'd be surprised what dealers would knock off the screen price. Depends on part-ex / how you're gonna pay etc.

 

[bushybeaver]

Most Seat dealers will have 2k in lcr's leaving plenty of room for dealing and dropping if stock is ageing

 

[cornish]

Bye Bye LCR

Well I just traded my LCR - dropped it into the garage this morning.....

I bought one of the January specials in Platinum Silver for £15800.

I was offered £12.5K for it in March but declined as over £3k in three months was too scary even for me.

The dealer is getting £14.5K from a Seat dealer on the South coast and he gave me £15K for it - so 6 months motoring for £750 (will get £50 for the tax)..

For some reason the car looks the best it ever has today as I cleaned it yesterday and the diamondbrite I added (best £10 spent on ebay) make it shine. The dealer has it on the forecourt for £15999 as he wants to give it a go while he waits for it to be taken away.

So £750 for 6months and 4600 miles has to be the best depreciation I have ever had, even my MINI CooperS lost more in the 12months I had it, but this may be a one off trade.

Do I regret it? Nope, love the looks especially in Platinum, good car to drive , best ever IPOD install with connects2, pretty quick

BUT....

Had creaking suspension that nobody seems to be able to fix
BAD brake fade on it a couple of times - thought Brembos would be better
Clunks from rear suspension whenever I hit a bump
Worries about depreciation with the new one coming out
Usual rattles from trim and dash (don't epect that on what was an £18K car!!!)
Every Corsa/Prelude/GTi/SRI Halfords special trying to race

So farewell to you all...

cheers

Cornish

 

[m0rk]

cornish - what did you buy (and did you pay full list/take out their HP?)

 

[paul h]

trade price for a 04 plate LCR is £11750 so not too bad my local stealer has a 53 plate with 47k on the clock for £12495 so mark up is quite alot still.if you ever need to get rid of one quick don't count the dealers out as they are crying out for 2nd hand lcr's at the moment

 

[Copra]

when i buy a car i only look at book price at the time and make sure i pay less than that (be it £1 less or £1000k less)
i never think about the depreciation, you cant do anything about it. if your worried about how much money your going to lose on the price you paid for it in the first place then maybe you cant truely afford it?!
i paid 6800 for my leon cupra, if i sell it in 2yrs for £1k then i see that as £1k in my pocket, nothing more, nothing less
thats just my 2p on it

 

[cornish]

cornish - what did you buy (and did you pay full list/take out their HP?)

Went for a 4x4 as need to transport boy, Pony, kit etc. to local shows/events etc. Now the owner of a nice Nissan X-trail - never had a car with so much space - didn't pay list, pretty much a straight swap.

I don't worry about depreciation normally as I change every 12months or so and see it as a fact of life, but after being offered £12.5K in March it got me thinking and then this deal came up - snapped the guys hand off...

Knew I had to change as I took boy to a local stables in the LCR and took ages to get down the drive as the car was so low - Nissan will have no probs.

Probably get bored in a year or so anyway and go for something else - I know I am going to miss the power but wasn't over happy with the build quality - rear suspension creak was probably the nail in the coffin of the car (waits for the X-Trails have rubbish build quality..,.).

So, its Off-Road for me, in my ever so slow 4x4 - won't miss the sight of burberry caps, england flags and everything that Halfords sells in my reat view mirror.....

cheers

cornish

 

[Legohead]

I just looked at an Audi S3 the other day, their car was up for £14,500 for a minter. They offered me a staright swap and what worked out to be £250 ish my way with the road tax deal.

So you could say I was offered somewhere in the region of £14,500 for a '06 55 plate LCR with no options. I understand area makes a difference, that was in Watford.

 

[rllmuk]

I've actually just bought a 54 plate LCR with 20,000 miles on it for £13k from a dealer - which I thought was a good price. They have held their value much better than any of the other Leon models.

 

[RikH]

remember that a franchised dealer will be selling the car with a years warranty at least
you wouldnt get this privately!

 

[TDI PEP]

I was looking at trading my 55reg LCR in for a scooby last month and was offered £14.5k against an 05 scooby which I thought wasn't bad.

Weird thing was the Subaru dealer is part of a SEAT dealer who would only offer £13.5k for mine but the guy told him it was worth more so rang someone else who bid him £14.5k. They have an ovni 54 reg for £14995.