Omega Owners Forum - Depreciation. Ouch!

STMO123 Ex Member	Depreciation. Ouch! 26. Nov 2009 at 21:14 Even the cheapest model of these was over £36000. Who can possibly afford to lose more than half of that in two years? http://www.desperateseller.co.uk/findacar/used-cars/used-Honda-cars-for-sale.asp...
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Squealey Senior Member Offline Posts: 548 Donington, Lincs Gender: Drives: Omega 2.5TD Elite, 1999/T, Ex 'The Boys'	Re: Depreciation. Ouch! Reply #1 - 26. Nov 2009 at 22:48 I got my old man to look at one of those about 6 months back, second hand of course. Amazing motor, but they couldn't fit a towbar so it was a no go. Pity cause he really liked both the car and the fact noone else had one.
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Mantahatch Omega Knight Offline Posts: 1637 Gender:	Re: Depreciation. Ouch! Reply #2 - 27. Nov 2009 at 09:26 That is more than £1 per mile in depreciation alone. If you are considering buying it I would get your own HPI check aswell.
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Omegadoha, Desert Member Omega Knight Offline Posts: 1357 Doha, Qatar Drives: 3.2 V6 2002	Re: Depreciation. Ouch! Reply #3 - 27. Nov 2009 at 10:38 Honda's are reasonably popular over here. Damn reliable and hold their value quite well. You can get a lifetime warranty on the gearbox and engine. Japense cars crumble upon impact though.
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STMO123 Ex Member	Re: Depreciation. Ouch! Reply #4 - 27. Nov 2009 at 11:47 Mantahatch wrote on 27. Nov 2009 at 09:26: That is more than £1 per mile in depreciation alone. If you are considering buying it I would get your own HPI check aswell. I cant afford that. Just browsing as usual.
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tunnie

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Posts: 22520
London, W3
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Drives: 2.2 CD (LPG'd) & BMW R1200 GS

Re: Depreciation. Ouch!
Reply #5 - 27. Nov 2009 at 11:53

they are falling in value fast, is it just me or do they look very Omega like from the front? (facelift anyway) similar style of bonnet to lights, i like the inside too Embarrassed

Some better interior shots here:

http://www.autotrader.co.uk/classified/advert/200938341942160/sort/priceasc/used...

When that shape is sub £5k they could be a very interesting replacement for the Omega......

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Do you break V6's as often as TheBoy? Then you need tunnie's towing services, recovery costs are just the humiliation of being towed by 2/3's of an engine

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KillerWatt

Ex Member

Re: Depreciation. Ouch!
Reply #6 - 27. Nov 2009 at 15:14

Quote:

Who can possibly afford to lose more than half of that in two years?

I lost £10K back in 1997 on a 9 month old 200SX Turbo, although they do say that you lose one third of the retail the minute your name goes on the V5.

It's also quite common for folk who can afford a car with a price tag around the £30K (or more) mark to not really care about the depreciation anyway.

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Elite Pete Omega King Offline My spider senses are tingling Posts: 17813 Northwich/Chester Gender: Drives: Facelift Wheezel,Breaking 2001 MV6	Re: Depreciation. Ouch! Reply #7 - 27. Nov 2009 at 16:43 I bought a brand new Renault Clio a few years back off Jamjar.com and sold it 18 months later for just under what we paid for it
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PhilRich

Omega Lord

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no apologies to ANYONE!

Posts: 6825
NorthEast Coast
Gender: male

Drives: 2002 2.2CDX 4dr Auto. LPG Converted.

Re: Depreciation. Ouch!
Reply #8 - 27. Nov 2009 at 17:41

tunnie wrote on 27. Nov 2009 at 11:53:

they are falling in value fast, is it just me or do they look very Omega like from the front? (facelift anyway) similar style of bonnet to lights, i like the inside too Embarrassed

Some better interior shots here:

http://www.autotrader.co.uk/classified/advert/200938341942160/sort/priceasc/used...

When that shape is sub £5k they could be a very interesting replacement for the Omega......

Not just you Tunnie, it looks very similar in a lot of subtle ways, including the interior, although obviously in an updated way Grin

. Maybe one of the Honda design team is a closet Omega fan? Grin

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Apparently the Skipper said "Hard a Port!" but I went to Starboard, 'cos i'm Hard a Hearin'!

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zirax

Intermediate Member

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Posts: 262

Drives: Focus mk1, MR2 mk1, MV6

Re: Depreciation. Ouch!
Reply #9 - 27. Nov 2009 at 18:44

tunnie wrote on 27. Nov 2009 at 11:53:

they are falling in value fast, is it just me or do they look very Omega like from the front? (facelift anyway) similar style of bonnet to lights, i like the inside too Embarrassed

Some better interior shots here:

http://www.autotrader.co.uk/classified/advert/200938341942160/sort/priceasc/used...

When that shape is sub £5k they could be a very interesting replacement for the Omega......

Fully agree, 4-5 years time and an LPG conversion and that would be a cracking car. 24mpg though from them.

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Dr Richard Stephens:- "I would advise people, if they hurt themselves, to swear."

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STMO123 Ex Member	Re: Depreciation. Ouch! Reply #10 - 27. Nov 2009 at 18:47 There weren't that many imported IIRC. It's quite an excusive car. I've seen a couple in the flesh, I'm afraid they dont look that impressive. There'd be no 'tinkering' with one of those either.
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STMO123 Ex Member	Re: Depreciation. Ouch! Reply #11 - 27. Nov 2009 at 18:50 I remember when I bought my old legend. It was 13 years old yet, you could stand right next to it, and you'd be hard pushed to hear whether the engine was running or not. Beautiful piece of engineering.
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joshwyatt Omega Knight Offline Posts: 1769 Oxford Gender: Drives: 2003 '52' Vauxhall Omega 2.6 V6 Elite saloon manual, 2005 '55' Land Rover Range Rover 4.2 V8 Supercharged	Re: Depreciation. Ouch! Reply #12 - 27. Nov 2009 at 18:53 I've driven one, and I must say the interior is very nice, it had plenty of interesting gadgets. But it wasn't very interesting to drive, and was easily forgotten until now. The 3.5 V6 (I seem to recall that was the engine, although I may be mistaken) is nice, but again nothing that special.
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KillerWatt Ex Member	Re: Depreciation. Ouch! Reply #13 - 27. Nov 2009 at 19:53 Quote: There'd be no 'tinkering' with one of those either. With all due respect Steve, "what one man makes, another man can break" The day that philosophy fails, is the day the human race ends.
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STMO123

Ex Member

Re: Depreciation. Ouch!
Reply #14 - 27. Nov 2009 at 20:41

Quote:

There'd be no 'tinkering' with one of those either.

With all due respect Steve, "what one man makes, another man can break"

The day that philosophy fails, is the day the human race ends.

Yes, but you've probably got all the gizmos to play with electronic components. Dont think that many have. I, like lots of others I suspect, used to take stuff to pieces just to.........put it back together again Cheesy

I wouldn't know what half of it was, never mind how to 'tinker' with it.

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