Has the arse really fallen out of the used car market?!

Has the arse really fallen out of the used car market?!

Author
Discussion

greggy50

6,184 posts

193 months

Tuesday 29th July 2008
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anonymous said:
[redacted]
Well dont know about that I think may have been we always said over the years never had problems with it and are good little car and that he knows we looked after it and it does have a/c and heated windscreen and electric windows and upgraded speakers from previous owners fitted behind grills so looks atandard and uprated ford headunit with CD player instead of tape player would be having the car myself as 1st but dont particular fit in it hence why we are going to get rid of it.

cheeky_chops

1,591 posts

253 months

Tuesday 29th July 2008
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greggy50 said:
Well dont know about that I think may have been we always said over the years never had problems with it and are good little car and that he knows we looked after it and it does have a/c and heated windscreen and electric windows and upgraded speakers from previous owners fitted behind grills so looks atandard and uprated ford headunit with CD player instead of tape player
Don't know why your dad is looking for a saab aero - sounds fully loaded to me!

greggy50

6,184 posts

193 months

Tuesday 29th July 2008
quotequote all
cheeky_chops said:
greggy50 said:
Well dont know about that I think may have been we always said over the years never had problems with it and are good little car and that he knows we looked after it and it does have a/c and heated windscreen and electric windows and upgraded speakers from previous owners fitted behind grills so looks atandard and uprated ford headunit with CD player instead of tape player
Don't know why your dad is looking for a saab aero - sounds fully loaded to me!
Lol I know its a crap car I do realise that but the fiesta is a cheap car and originaly was just saying has held its value quite well and has served my mum well and that while spec is still rubbish still enough to set it apart from others not add value just make it easier to sell as they is a flood of them on the market. And with regards to the Saab I think he should still be looking for one as personaly I prefer it to a fiesta lol.

greggy50

6,184 posts

193 months

Tuesday 29th July 2008
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Niiick said:
Hey Greggy, is your neighbour called Mr. Gimlet per chance?

Did he complement your mums smooth bonnet and offer to blow his big wad on it straight away? When he mentioned his C6, did he say I've got a big one but not enough juice? Did he say (about you mums Fiesta) I'd like to get inside your tight looking pretty box and nail it? Did he complement the two big airbags? When he saw the minute spot of tar, did he advise your mum to moisten the blob a little with white stuff, rub it gentley for a while and remove the mess with a clean cloth? Did he ask her if she periodically ensures the nuts are good and tight? Did he ask to see if the Fiesta was suitable for taking things like old sofas to the tip and proceed to smash her back doors open with a big old pink one?

(I hope to God you read Viz magazine!)
Erm no my neighbour (well lives over the road) is called John and he owns the local shop and is happily married with 3 kids. I dont really see why you need to say such disgusting things which I find quite offending when basically all he did was offer us 2k for a fiesta I really do not get it they are being sold at some dealers on autotrader for nearly 3k and it books private for about 1800quid but as it had just had brakes done and he knew had no problems he offered 2k as he knew would give him no problems. I do realise it is a rubbish car as all fiesta suck but he was not really offering a stupid amount of money for it as he knows it has been well looked after since we brought it and that has had all the problems associated with fiestas i.e suspension and brakes fixed meaning nothing should go wrong. Jesus I was only originaly trying to say originally that it held its value remarkably well compared to most over the time we owned it compared to most cars on the market and that it served it well and it seems to have gone into people going into various sexual innuendos into why he offered us 2k when while around 200 pounds over book (well probably 100 at the time) he offered because he knew everything was sorted on it and was well looked after as well as it having 12 months mot and tax.

heppers

96 posts

192 months

Tuesday 29th July 2008
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My good ladies good friend has just sold on e-scam... a 2000W plate TT 225bhp cab in green with the baseball interior for £6.75k now that is a major bargin £ for £ if you want/like that kind of motor.... IMHO

18 months ago circa £9k I would have said...

Ordinary Bloke

4,559 posts

200 months

Tuesday 29th July 2008
quotequote all
greggy50 said:
Niiick said:
Hey Greggy, is your neighbour called Mr. Gimlet per chance?

Did he complement...
Erm no my neighbour (well lives over the road) is called John and...
No, he doesnt read Viz...

heppers

96 posts

192 months

Wednesday 30th July 2008
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Ordinary Bloke said:
greggy50 said:
Niiick said:
Hey Greggy, is your neighbour called Mr. Gimlet per chance?

Did he complement...
Erm no my neighbour (well lives over the road) is called John and...
No, he doesnt read Viz...
Nah.... shame... was funny... smile

Ordinary Bloke

4,559 posts

200 months

Wednesday 30th July 2008
quotequote all
heppers said:
Ordinary Bloke said:
greggy50 said:
Niiick said:
Hey Greggy, is your neighbour called Mr. Gimlet per chance?

Did he complement...
Erm no my neighbour (well lives over the road) is called John and...
No, he doesnt read Viz...
Nah.... shame... was funny... smile
Fnurr...

Niiick

196 posts

197 months

Wednesday 30th July 2008
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Greggy50 please accept my apologies. Five minutes after I posted that I deleted it, as I felt the wording could be construed as having the sole purpose of being insulting to your Mother. That wasn't the purpose, your story for some reason reminded me of that comic strip. Regrettably, as I was deleting the post, you were replying and in doing so resurected the purile filth that had spilt forth from my now remorseful tiny mind.

Ordinary Bloke

4,559 posts

200 months

Wednesday 30th July 2008
quotequote all
Niiick said:
Greggy50 please accept my apologies. Five minutes after I posted that I deleted it, as I felt the wording could be construed as having the sole purpose of being insulting to your Mother. That wasn't the purpose, your story for some reason reminded me of that comic strip. Regrettably, as I was deleting the post, you were replying and in doing so resurected the purile filth that had spilt forth from my now remorseful tiny mind.
Greggy is probably in Beddy by now...

spikeyhead

17,459 posts

199 months

Wednesday 30th July 2008
quotequote all
Ordinary Bloke said:
Niiick said:
Greggy50 please accept my apologies. Five minutes after I posted that I deleted it, as I felt the wording could be construed as having the sole purpose of being insulting to your Mother. That wasn't the purpose, your story for some reason reminded me of that comic strip. Regrettably, as I was deleting the post, you were replying and in doing so resurected the purile filth that had spilt forth from my now remorseful tiny mind.
Greggy is probably in Beddy by now...
He's certainly not in punctuation and paragraph classes, even though that would be far more benefit biggrin

Deva Link

26,934 posts

247 months

Wednesday 30th July 2008
quotequote all
anonymous said:
[redacted]
The private market is very mileage focused though. I know it's some time ago, but in 1998 I sold Mrs DL's early 1991 Peugeot 106 1.1XR (XR was just slightly better than basic trim) for £3450, having asked £3495 for it. Car had done 25K and we'd had it from new (cost £7,700 in 1991). Put in our local free sheet and we had several calls about it.

Fuzzy Wuzzy

623 posts

192 months

Wednesday 30th July 2008
quotequote all
spikeyhead said:
Ordinary Bloke said:
Niiick said:
Greggy50 please accept my apologies. Five minutes after I posted that I deleted it, as I felt the wording could be construed as having the sole purpose of being insulting to your Mother. That wasn't the purpose, your story for some reason reminded me of that comic strip. Regrettably, as I was deleting the post, you were replying and in doing so resurected the purile filth that had spilt forth from my now remorseful tiny mind.
Greggy is probably in Beddy by now...
He's certainly not in punctuation and paragraph classes, even though that would be far more benefit biggrin
He's certainly not in punctuation and paragraph classes, even though that would be far more beneficial.

HTH smile

JamesK

2,124 posts

281 months

Wednesday 30th July 2008
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anonymous said:
[redacted]
At the risk of returning this thread to the direction it was originally going in, I must say this is a great post and I find myself agreeing with all of its sentiment. It is depressing in the sense that it reaffirms my sensible head view that I should not be tempted to chuck some cash at a bargain today. My petrolhead, er head, is currently not talking to my sensible head.

/Worzel Gummage silly

Edited by JamesK on Wednesday 30th July 10:22

DJC

23,563 posts

238 months

Wednesday 30th July 2008
quotequote all
JamesK said:
anonymous said:
[redacted]
At the risk of returning this thread to the direction it was originally going in, I must say this is a great post and I find myself agreeing with all of its sentiment. It is depressing in the sense that it reaffirms my sensible head view that I should not be tempted to chuck some cash at a bargain today. My petrolhead, er head, is currently not talking to my sensible head.

/Worzel Gummage silly

Edited by JamesK on Wednesday 30th July 10:22
Exactly. My Integrale may or may not be sold currently, but Im not that bothered if it doesnt. I dont use her much at the moment, so hardly any fuel gets drunk by her. Just a dabble on Sundays to keep her ticking over nicely. I commute by train for £4.80/day on a season ticket, we have reduced the wife's fuel bill to £50/month. The mortgage had been put onto a BtL at a great rate for the next 2 yrs and the property is bringing in surplus cash each month, whilst we rent a smallish place in a new area. We are looking at buying something similar sized around April/May time as that will be when our 12 months is up and I think the value of properties like the one we are in will have dropped another £15k by then. I suspect the market will carry on dropping till the end of next yr, but less slowly from Mayish time, so although we will not have bought at the bottom, we will have topped'n'tailed the market - the old 80/20 rule. Big motor wise, I think a similar thing will happen. The prices will keep coming down as the market will not be there for them. Ppl are tightening their belts, the big big money motors that have been financed/leased come back onto the markets depressing the prices, esp of the previous models. Fuel isnt going to go back to being cheap and credit/finance wont be "cheap" for at least another 12 months. So Im happy to wait another 6-12months past buying the house, still saving happily each month before buying what I now hope to be my last "dream toy". I suspect quite a few other ppl who arent debted up are possibly thinking like this, happy to let the debt and credit forces balance out, cutting away the excesses of the market and then pick up the pieces with real cash when the opportunities and bargains present themselves.

As for thinking with my petrolhead? Well, it tells me I only have Sundays to drive, I usually have other stuff to do then anyway and if I want to Ive always got a non-depreciating Integrale for a blat when needed. I can wait 18 months to trade it for a 12pot Fezza. Why buy something probably less fun and depreciating in the meantime?

Strawman

6,463 posts

209 months

Wednesday 13th August 2008
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In the Irish Times today, there is an article describing the used car market as "a blood bath", used petrol cars have fallen in value by 15% and diesels 10%, with prestige and SUV taking a bigger hit.
A dealer describes how he couldn't sell a 3 year old Porsche Cayanne turbo at €40,000 a car which was €200,000 new eek so just the €56k/annum depreciation averaged over 3 years.

otolith

56,731 posts

206 months

Wednesday 13th August 2008
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Don't Irish taxes on low MPG vehicles make our prospective raping look relatively minor?

otolith

56,731 posts

206 months

Wednesday 13th August 2008
quotequote all
JamesK said:
At the risk of returning this thread to the direction it was originally going in, I must say this is a great post and I find myself agreeing with all of its sentiment. It is depressing in the sense that it reaffirms my sensible head view that I should not be tempted to chuck some cash at a bargain today. My petrolhead, er head, is currently not talking to my sensible head.
It's a wise point of view, though it needs to be tempered by the knowledge that each of us has a finite number of years in which to enjoy driving, and that while waiting another year for something we want may work out cheaper, we'll never get the year back.

Strawman

6,463 posts

209 months

Wednesday 13th August 2008
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otolith said:
Don't Irish taxes on low MPG vehicles make our prospective raping look relatively minor?
yes 1 years road tax for over 3 litres engine is €1,491, or for new cars the tax is based on emissions so over 225g/km is €2,000. (bear in mind though there is no property tax here, at the moment, so local authorities get money from car tax rather than rates / council tax).

gti-ted

1,025 posts

211 months

Wednesday 13th August 2008
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We visited our local veedub main stealers last wekend as the bread knife is looking to change her bug for a derv version. Anyway we test drove one that was a 53 plate and was up at £8995 which was a bit steep but we only really wanted to see how they went but we gave off the right vibes. Anyway the monkey salesman goes and crunches some numbers and returns with an offer of £3k for our 51 plate 1.8T Bug against the derv yikes

When i picked myself up off the floor and enquired how he came up with this price he replied " Well that's all we would get for it in the block " BLOCK say i, oh Auction i mean say's numpty.rolleyes I explained that there was absolutley no way that i would let ours go for this amount as you could not buy any version of a Beetle in any spec for this amount,and told him that this was not an auction but a main stealers hence me coming here.
Any way as it happens they have an identical car to ours same colour spec etc but on a 52 plate with 20k less than ours and it's up for £7495.00 which i pointed out to him so off he went to talk to his manager but we just left in discust before he returned.
I have to say that allthough i wasn't looking to buy my piss was boiling when i leftfurious