UK Bentley Continental GT Sheds 56% Value in Year One. Or, In This Case, More
Oh dear. At one time, The Bentley GT Coupe was the UK footballer’s favourite. And it may still be, given that young men with a supernatural ability to play the beautiful game tend to spend orgiastically, ignoring such petty concerns as depreciation. But the fall-off in automotive values during these recessionary times is enough to give their accountant pause. UK auto industry experts HPI report that “the Bentley GT Coupe is depreciating at £500 ($753.37) more per week than it did 12 months ago. This means owners will lose over £67,000 ($100,874.89) in value, which is 56% of its £120,000 ($180,731.64) new price tag, in the first year. “Looking ahead, the huge rate of depreciation means the more affluent consumers will change they way they shop,” HPI’s Martin Keighley predicts. “Luxury models such as Ferrari and Porsche used to have bullet proof residuals, but with consumer confidence at an all time low these once secure purchase items will not seem so attractive. Buyers are going to be looking at how well a vehicle holds its value before splashing out, which doesn’t bode well for high end models.” Make the jump to see the UK’s worst depreciators.
Bentley Continental GT Coupe
Porsche Boxster, 911, Cayenne
Audi A4 Cabriolet, A8, TT, A6, Q7
BMW Z4, X5, X3, M3, 5 Series, 7 Series
Volvo V70, XC90
Mercedes ML, SL, CLK, SLK
What's the market for used Bentleys? Doesn't buying a used mega luxury car defeat the point of showing off how rich you are?
My modest daydream is being able to pick up a Dodge Challenger SRT-8 for $15k. I guess I lack ambition compared to a lot of other posters!
So what's the depreciation on after-marketer's takes on high-end vehicles, say, any Brabus turd.