Change in value of a used car

[anncarson]

In connection with the Giulietta story told elsewhere, I am trying to map out the following issue:

How much does the model year of the car have an impact on the resale value this autumn, if the Alfa Giulietta is a 2011 or 2013 model year? Assuming that the mileage does not change, only the model year. So the age of the car is ten years versus twelve years.

If someone can link at least some averages of all brands and models for the value development in this age group, that would also be a great help.

There have always been rules of thumb, for example, that the depreciation in passenger cars would stabilize at somewhere around 7-10% per year after the first two or three years. And the depreciation in value may stop at some point - would it be around 20 years old in Finland?

The issue is related to a case where a car was sold with the year of its model year incorrectly stated.

[Vastarakki]

In connection with the Giulietta story told elsewhere, I am trying to map out the following issue:

How much does the model year of the car have an impact on the resale value this autumn, if the Alfa Giulietta is a 2011 or 2013 model year? Assuming that the mileage does not change, only the model year. So the age of the car is ten years versus twelve years.

If someone can link at least some averages of all brands and models for the value development in this age group, that would also be a great help.

There have always been rules of thumb, for example, that the depreciation in passenger cars would stabilize at somewhere around 7-10% per year after the first two or three years. And the depreciation in value may stop at some point - would it be around 20 years old in Finland?

The issue is related to a case where a car was sold with the year of its model year incorrectly stated.

A car that is ten years old or older is usually priced according to it's condition, service history and mileage. The model year doesn't have a big impact on price anymore at that point. Two good sets of tyres on nice rims and a fresh camshaft belt are worth a lot more than a car that is two years newer but has bad tyres and is need of service.

In Finland Japanese and German cars (especially VW) depreciate very slowly or not at all. A 20-year-old Toyota might be worth 6000 euros where a 20-year old Opel is worth 1000 euros.

A typical situation in Finland is that a car salesman lists a car as model year 2014 even if the car has been registered i.e. 11/2013. If you want to make a complaint, you can try. The 7-10 % margin is a good starting point.

Here's an old article about this:
https://moottori.fi/uutinen/eri-tahdeis ... vo-tippuu/