clubsport s value tumbling

[Bigwod]

luckily i didn't buy my CSS as an investment but didn't think a year after launch  id be seeing them selling for 30/32k Those garages who sold them on for a huge premium saying can only go up in value should be avoided in the future. 

[fredgroves]

Looking on Autotrader, they are selling for 34/35k?

[Watts]

Can't say I've seen any at that price, looked yesterday and cheapest was £35k but saying that I've only looked on Autotrader. Can't really see why anyone would see them as an investment other than buying at retail and selling on straightaway after all, it's a Golf albeit a very good one but still, just a Golf. So is the moral here, don't trust what a salesman says?

[Sean G]

Buying a new car at £34k getting a years driving and selling around £32k is cheap motoring
If your paid overs then you could be into a big loss
Black cars seems to be the lowest in pricing and those cars with a fair few miles are obviously cheaper
Red and White 2017 cars with low miles still seem to be for sale more than they were retail
Still more than happy with mine and glad I bought it and even if I sold and took a relatively small loss it's been well worth it - still brings a smile to my face each time I drive it

[scanesare]

Those garages who sold them on for a huge premium saying can only go up in value should be avoided in the future.

Wait, you mean there were people that actually believed what salesmen/dealers said? 

[Jim_mk7.5]

Salesman saying can only go up in value..... 

[CraigW]

I hope no one was stupid enough to pay over £40k for one which was probably the average going rate at the time

[BobbyT]

They still seem to be going for good money, you can get a FL R for less with all the new tech.

[dubber36]

Sub 1000 mile cars may be worth a considerable amount of money in 30 years time. An Escort Cosworth with a few hundred miles on it sold for over £110k at auction recently, but to cash in on that, you really have to play the long game. I'm sure if you used the original purchase price as working capital, you could turn it into much more than that in the same amount of time, as well as taking out some pocket money along the way.

[scanesare]

Sub 1000 mile cars may be worth a considerable amount of money in 30 years time. An Escort Cosworth with a few hundred miles on it sold for over £110k at auction recently, but to cash in on that, you really have to play the long game. I'm sure if you used the original purchase price as working capital, you could turn it into much more than that in the same amount of time, as well as taking out some pocket money along the way.

Exactly. 30K as working capital used wisely, in 30 years time should far exceed most people's life savings, let alone the price of classic/collector's Escort or Golf... Waiting to cash out on such a car just doesn't make sense.