Used market

All Volvo XC40 related discussions
ChrisLF
Posts: 1760
Joined: Wed Apr 24, 2019 8:21 am
Location: Heart of England

Post by ChrisLF »

BuzBox wrote: Thu Nov 16, 2023 12:33 pm Without having the options list, it hard to remember or compare - their was no option list on the first edition as it had all the conceivable items that could be fitted to the car, lane controls, pop up displays, 360 cameras, 22" rims, pan-roofs, heated screens etc. Metallic was included, petrol diesel had no price difference, all you needed to do was choose the colour and sub £35k.
Nothing much then really apart from the big rims?

The D4 was £39305 and the the T5 £40355 on the road.

But they were certainly Oldies but goodies!
2023 B4 Plus Dark FWD in Silver Dawn. Tinted Rear Windows. Spare Wheel & Tow Bar dealer fitted.

Gone - 2019 T4 R-Design FWD in Bursting Blue. Winter & Convenience Packs, Power Seat, Front Park Assist, Rear Camera, Spare Wheel & Tow Bar.

Deleted User 4737

Post by Deleted User 4737 »

Does it need to be much if items missing are the most desirable for many in this sector, like AWD, and in your example, flappy paddles?
stu22
Posts: 260
Joined: Mon Mar 04, 2019 12:36 pm
Location: Colchester

Post by stu22 »

COVID did make a mess of lot of things, not only peoples health!

We traded our XC40 in the midst of COVID, 30 month old problematic T3 R-Design, against a new XC60 B5P and only had to put 16k in the pot which was very good IMHO. Bet wouldn't get anything like that deal now - think all residuals have taken a bit of a hit....
ChrisLF
Posts: 1760
Joined: Wed Apr 24, 2019 8:21 am
Location: Heart of England

Post by ChrisLF »

That was a good deal.
2023 B4 Plus Dark FWD in Silver Dawn. Tinted Rear Windows. Spare Wheel & Tow Bar dealer fitted.

Gone - 2019 T4 R-Design FWD in Bursting Blue. Winter & Convenience Packs, Power Seat, Front Park Assist, Rear Camera, Spare Wheel & Tow Bar.
Stovo
Posts: 242
Joined: Thu Sep 14, 2023 2:41 pm

Post by Stovo »

To be fair to Volvo they are not the only ones where the ‘bean counters’ have had an affect. Have any of you notice how small a McVities Chocolate Digestive is now, how many Jaffa Cakes you now get in a packet, and with Xmas around the corner, don’t get me started on Quality Street/Roses/Celebrations tubs! Maybe a separate thread required on this one!😂😂
2024 C40 Single Motor RWD Plus.
Den48
Posts: 255
Joined: Sun Dec 20, 2020 10:13 pm

Post by Den48 »

Hi, thanks for the replies,some interesting stuff in there.

Bear with me some more numbers.
Bought the car end of may 23 on a 3 year pcp, price before any discount £ 44335, guaranteed minimum value £26641 more or less 60% of the retail price , ok

Used the car configuration for a new xc40 , the part ex given was £30300 so based on the current part ex figure and the GMV above my car will depreciate a further £3659 in the next 30 months??? 🤨🤨🤨

Conclusion from me
PCP deals are as I understand it, are supposed to leave some equity in the car to encourage a further purchase, can’t see that happening.
Cars may be handed back to the dealer at the end of the contract at the GMV price that is potentially more than the market value.
T4 recharge, plus spec, 23my
Cevoli21
Posts: 354
Joined: Sun Dec 05, 2021 8:38 am

Post by Cevoli21 »

On a PCP you are basically paying off the expected depreciation. You may get lucky and have some equity but the real risk lies with the finance outfit or manufacturer (often the same). If depreciation is greater than predicted they have to take it on the chin. It's a part of the reason why PCPs are so popular. The consumer may win but also cant really lose. At least thats how I think it works!
XC40 P8 Twin Motor Pro in Denim Blue with Tow bar, mudflaps
ChrisLF
Posts: 1760
Joined: Wed Apr 24, 2019 8:21 am
Location: Heart of England

Post by ChrisLF »

Yeah, I've had a number of cars on PCP, VWs, Audis, Skoda and my first Volvo, but despite one of the advantages of PCP being any additional value over and above the FGV going towards a new car it never materialised apart from with my Volvo where the FGV was £17k. (which I paid off in July to give me options) and the part-ex was £24500 due to the XC40s excellent residuals.

Due to the aforementioned drop in used car values I doubt that will happen again, at least to the same extent. Lucky this time as I took advantage of the 0% offer and will own the car outright which will help at the next change.
2023 B4 Plus Dark FWD in Silver Dawn. Tinted Rear Windows. Spare Wheel & Tow Bar dealer fitted.

Gone - 2019 T4 R-Design FWD in Bursting Blue. Winter & Convenience Packs, Power Seat, Front Park Assist, Rear Camera, Spare Wheel & Tow Bar.
Stovo
Posts: 242
Joined: Thu Sep 14, 2023 2:41 pm

Post by Stovo »

Had a look online at a Lexus 350h retailing at just short of £41.5k. Did online valuation for trade in and rated my car good condition)probably better than that), came back with £16,295. If ever I do progress with a Lexus ( doubtful) I won’t be trading in.
2024 C40 Single Motor RWD Plus.
Cevoli21
Posts: 354
Joined: Sun Dec 05, 2021 8:38 am

Post by Cevoli21 »

Our daughter recently changed her 2020 B4 R-Design Pro, 3 years old, 14,000 miles, scuffed alloys x3 otherwise as new. It's a London car and very few seem to escape scraped alloys. New list price was just under 40,000 but paid just over 35,000. Has now acquired a new B3 Ultimate with leather and 20inch wheels. Trade in was 28,500. Seemed almost too good to be true. Unfortunately someone along the way messed up the order and it arrived with blond rather than charcoal leather. Dealer dealt with it very professionally. A new one is on order on identical terms except it will have a 4 year rather than 3 year service contract and she is using the incorrect one until it arrives.
XC40 P8 Twin Motor Pro in Denim Blue with Tow bar, mudflaps
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