Brexit, and car buying habits

[anonymous-user]

Back to the good old days. Maybe a Morris Minor

[TarpaTow]

I'm really concerned about this. I drive BMs and am worried that prices go up with tariffs etc. I've already spoken with my dealer to see if they know what's going to happen. He did say it would be okay because BM would find a way around it maybe kits assembled in the UK but using some locally produced content to keep prices down.


He did say that if things got more expensive they'd be able to offer longer monthly terms to keep BMs affordable, so shouldn't affect our abilities to drive the best cars going.

[ukkid35]

Don't worry, you'll be able to buy anything you want to.

The issue is whether oue compatriots will be able to sell as before. Actually no, the real question is whether they think they will be able to be as competitive.

Of course if Boris is in charge then there will be no trade barriers - Really, are you serious?

[Tannedbaldhead]

slipstream 1985 said:

Tannedbaldhead said:

Older if my Friday's experience is anything to go by.

I work in construction. The company's core projects are inner city regeneration programs. A lot of the jobs involve the reclaimation and development of brownfield sites which are not financially viable due to prohibitive land remediation (soil decontamination) costs. Till now we have been able to make the jobs pay thanks to EU regional funding. All our ongoing work is safe but every contract for future works had a "Brexit" clause leaving them null and void and my employer with no work from about a year and a half on.

As all is now all up in the air we were called into a meeting on Friday morning and told no training courses, no new plant, no replacing of any staff who leave, no promotions, no changes in terms and conditions, no pay rises, no new plant and that all car and van leases will be extended leaving us in our old vehicles rather than getting new ones.

With the greatest of respect to your livelyhood basicly the company are no longer getting funding for work and projects that are economically unviable without massive subsidies? Ulimately this funding your company will now not receive came from the EU and we were funding that as tax payers. Therefore the tax payer was subsidising your private company to carry out unprofitable work?

We currently have a shortage of development land. The cheapest alternative is greenfield sites. The problem with relentlessly pushing out urban boundaries is the constant encroachment of town on country. Planners don't like it. The alternative is the development of brownfield sites. In London and the South East property prices justify the cost of remediation. In industrial wastelands Clydeside, Deeside Teeside, Tyneside cities like Sheffield, Liverpool and Bolton they don't.

We have two choices. We leave these areas as asbestos and chemical sludge polluted inner city deserts, don't bother cleaning them up, don't develop, don't build houses, offices, high-tec industrial units and set up future contributors to the national economy or do nothing and watch the whole economy of the country gravitate towards the South East until market forces allow us to do so. Or we put our hand in our collective pockets and deal with the mess we have made of these areas.

These projects generate jobs in deprived areas, generate profits for construction, plant and service industries and leave the legacy of vibrant comunities, work places, leisure facilities and infra-structure. If you and other tax payers aren't happy that your money keeps me in gainful employment myself and thousands of colleagues along with the workers in the industrial units and office space we build could always sign on the dole.

[daemon]

ukkid35 said:

Don't worry, you'll be able to buy anything you want to.

The issue is whether oue compatriots will be able to sell as before. Actually no, the real question is whether they think they will be able to be as competitive.

Of course if Boris is in charge then there will be no trade barriers - Really, are you serious?

IF IF IF that were the case, simply import one from Ireland.

There was a bouyant market for years doing then when financial conditions were right (and we were in the EU then too)

[qska]

Kaj91 said:

The cheapest 2003 CLK is £1750 on eBay, that's the sort of car your Polish compatriots are buying.

Crap - I should have bought two instead!

Buy one get one free!

Still, I was watching a few of them on AT, and in the weekend they dropped by £300-400.

So it's not only me thinking that Brexit saps confidence.

[Hol]

The economic forecast was always for a bad start until the economy stabilises and get used to whatever new deals can be hammered out to reduce the shortfall.

Too late to worry about it now though, as its done.

[clonmult]

daemon said:

DamnKraut said:

daemon said:

Consequences being we wont have a bureacracy heavy EU treating us will mild disdain at best. Something like 10,000 bureaucrats paid MORE than we pay our PM. They're having a fking laugh.

Edited by daemon on Sunday 26th June 09:44

So... that number of bureaucrats and their salaries? Pretty well informed there, mate.

Did Nigel tell you? The guy who now isn't so sure about his 350m a week to your NHS?

Or is it from one of your quality morning reads (Sun, Mirror and the sort)?

Maybe your current PM has a performance based salary so ends up at minimum wage and rightly so

It was widely publicised at the tail end of last year and widely reported on.

http://www.telegraph.co.uk/news/worldnews/europe/e...

http://www.uslux.eu/sites/default/files/article_at...

http://www.iii.co.uk/investment/detail?code=cotn:B...

Try to keep up at the back

In an attempt to keep up at the back, the list of UK governmental/related posts where the salary is greater than the prime ministers is mildly ridiculous.

https://www.gov.uk/government/uploads/system/uploa...

Honestly, the EU is no better or worse than what we have in the UK.

[Dave Hedgehog]

ukkid35 said:

Don't worry, you'll be able to buy anything you want to.

The issue is whether oue compatriots will be able to sell as before. Actually no, the real question is whether they think they will be able to be as competitive.

Of course if Boris is in charge then there will be no trade barriers - Really, are you serious?

Borris wants free trade and free movement

and Karl Fuchs said we can have that but will have to pay like all the other none EU members, around 9 bill a year

so basically we will still have free immigration and be paying them money, but have no say in anything

nicely done

[slipstream 1985]

Tannedbaldhead said:

slipstream 1985 said:

Tannedbaldhead said:

Older if my Friday's experience is anything to go by.

I work in construction. The company's core projects are inner city regeneration programs. A lot of the jobs involve the reclaimation and development of brownfield sites which are not financially viable due to prohibitive land remediation (soil decontamination) costs. Till now we have been able to make the jobs pay thanks to EU regional funding. All our ongoing work is safe but every contract for future works had a "Brexit" clause leaving them null and void and my employer with no work from about a year and a half on.

As all is now all up in the air we were called into a meeting on Friday morning and told no training courses, no new plant, no replacing of any staff who leave, no promotions, no changes in terms and conditions, no pay rises, no new plant and that all car and van leases will be extended leaving us in our old vehicles rather than getting new ones.

With the greatest of respect to your livelyhood basicly the company are no longer getting funding for work and projects that are economically unviable without massive subsidies? Ulimately this funding your company will now not receive came from the EU and we were funding that as tax payers. Therefore the tax payer was subsidising your private company to carry out unprofitable work?

We currently have a shortage of development land. The cheapest alternative is greenfield sites. The problem with relentlessly pushing out urban boundaries is the constant encroachment of town on country. Planners don't like it. The alternative is the development of brownfield sites. In London and the South East property prices justify the cost of remediation. In industrial wastelands Clydeside, Deeside Teeside, Tyneside cities like Sheffield, Liverpool and Bolton they don't.

We have two choices. We leave these areas as asbestos and chemical sludge polluted inner city deserts, don't bother cleaning them up, don't develop, don't build houses, offices, high-tec industrial units and set up future contributors to the national economy or do nothing and watch the whole economy of the country gravitate towards the South East until market forces allow us to do so. Or we put our hand in our collective pockets and deal with the mess we have made of these areas.

These projects generate jobs in deprived areas, generate profits for construction, plant and service industries and leave the legacy of vibrant comunities, work places, leisure facilities and infra-structure. If you and other tax payers aren't happy that your money keeps me in gainful employment myself and thousands of colleagues along with the workers in the industrial units and office space we build could always sign on the dole.

Perfect reply I was looking for. You have convinced me. So instead of giving a load of cash to the EU who will then cream their bit off it or give it to other countries before giving your company back a % of it our governmet can directly subsidise your company in a cheaper faster more effeciant way.

[clonmult]

slipstream 1985 said:

Tannedbaldhead said:

slipstream 1985 said:

Tannedbaldhead said:

Older if my Friday's experience is anything to go by.

I work in construction. The company's core projects are inner city regeneration programs. A lot of the jobs involve the reclaimation and development of brownfield sites which are not financially viable due to prohibitive land remediation (soil decontamination) costs. Till now we have been able to make the jobs pay thanks to EU regional funding. All our ongoing work is safe but every contract for future works had a "Brexit" clause leaving them null and void and my employer with no work from about a year and a half on.

As all is now all up in the air we were called into a meeting on Friday morning and told no training courses, no new plant, no replacing of any staff who leave, no promotions, no changes in terms and conditions, no pay rises, no new plant and that all car and van leases will be extended leaving us in our old vehicles rather than getting new ones.

With the greatest of respect to your livelyhood basicly the company are no longer getting funding for work and projects that are economically unviable without massive subsidies? Ulimately this funding your company will now not receive came from the EU and we were funding that as tax payers. Therefore the tax payer was subsidising your private company to carry out unprofitable work?

We currently have a shortage of development land. The cheapest alternative is greenfield sites. The problem with relentlessly pushing out urban boundaries is the constant encroachment of town on country. Planners don't like it. The alternative is the development of brownfield sites. In London and the South East property prices justify the cost of remediation. In industrial wastelands Clydeside, Deeside Teeside, Tyneside cities like Sheffield, Liverpool and Bolton they don't.

We have two choices. We leave these areas as asbestos and chemical sludge polluted inner city deserts, don't bother cleaning them up, don't develop, don't build houses, offices, high-tec industrial units and set up future contributors to the national economy or do nothing and watch the whole economy of the country gravitate towards the South East until market forces allow us to do so. Or we put our hand in our collective pockets and deal with the mess we have made of these areas.

These projects generate jobs in deprived areas, generate profits for construction, plant and service industries and leave the legacy of vibrant comunities, work places, leisure facilities and infra-structure. If you and other tax payers aren't happy that your money keeps me in gainful employment myself and thousands of colleagues along with the workers in the industrial units and office space we build could always sign on the dole.

Perfect reply I was looking for. You have convinced me. So instead of giving a load of cash to the EU who will then cream their bit off it or give it to other countries before giving your company back a % of it our governmet can directly subsidise your company in a cheaper faster more effeciant way.

Except this is unlikely to actually happen - as others have said (including Boris), in order to keep trading under the existing terms with the EU we're going to have to continue paying into the EU.

So where is this extra cash that you talk of going to come from? Increased taxation? That'll go down well.

[LuS1fer]

TarpaTow said:

I'm really concerned about this. I drive BMs and am worried that prices go up with tariffs etc. I've already spoken with my dealer to see if they know what's going to happen. He did say it would be okay because BM would find a way around it maybe kits assembled in the UK but using some locally produced content to keep prices down.


He did say that if things got more expensive they'd be able to offer longer monthly terms to keep BMs affordable, so shouldn't affect our abilities to drive the best cars going.

I'm detecting a smidge of sarcasm...

[jonah35]

I think the classic car boom has just taken a mighty kick.

Suddenly a £300k testarossa or £90k e46 m3 csl seems a bit toppy!!

[DegsyE39]

I do feel sorry for the lads that have bought in at the top of the market but i agree mate.

Will the bubble burst? be an interesting year or so at the auctions etc. , No doubt there :O

Personally i feel it was always a house of cards but i could be proven wrong, guess we'll see.

Rgards.

[anonymous-user]

jonah35 said:

I think the classic car boom has just taken a mighty kick.

Suddenly a £300k testarossa or £90k e46 m3 csl seems a bit toppy!!

Totally agree, I have a feeling prices could fall even quicker than they went up. If a large percentage of sellers try to bail out now the market will collapse.

Also can we expect the price of fuel to increase dramatically due to the current poor exchange rate.

I think this is going to be a repeat of what happened during the financial crisis in 2008 when the value of newish luxury second hand cars fell through the floor. If you are brave and are holding cash then I think there are going to be some major bargains over the coming months.

[DegsyE39]

Joey Deacon said:

jonah35 said:

I think the classic car boom has just taken a mighty kick.

Suddenly a £300k testarossa or £90k e46 m3 csl seems a bit toppy!!

Totally agree, I have a feeling prices could fall even quicker than they went up. If a large percentage of sellers try to bail out now the market will collapse.

Also can we expect the price of fuel to increase dramatically due to the current poor exchange rate.

I think this is going to be a repeat of what happened during the financial crisis in 2008 when the value of newish luxury second hand cars fell through the floor. If you are brave and are holding cash then I think there are going to be some major bargains over the coming months.

I have to say if i was sat on £70k's worth of cossie my ahole would be twitching!!

[blearyeyedboy]

jonah35 said:

I think the classic car boom has just taken a mighty kick.

Suddenly a £300k testarossa or £90k e46 m3 csl seems a bit toppy!!

I suspect you're right, with a few exceptions. Don't forget that there are no restrictions on importing any car to the USA if they're over 25 years old, even if they're right hand drive.

So your classic might turn out to be a good investment still if it's a model the USA really want. (Unmolested R32 Skylines, anyone?)

[anonymous-user]

DegsyE39 said:

I have to say if i was sat on £70k's worth of cossie my ahole would be twitching!!

Or £60k on an Escort RS Turbo!

http://www.classicandperformancecar.com/ford/escor...

"This wasn’t a one-off fluke for Fords however, as the all of the blue oval entries sold very well. A very nicely restored Capri RS 3100 sold for £48,375, while a Sierra Cosworth RS500 also managed to make £10 above estimate at £90,000. A late 4x4 Sapphire Cosworth also attracted significant interest, finishing at £35,438, while a very clean Mk1 Lotus Cortina ended at 50,625."

[fivepointnine]

blearyeyedboy said:

I suspect you're right, with a few exceptions. Don't forget that there are no restrictions on importing any car to the USA if they're over 25 years old, even if they're right hand drive.

So your classic might turn out to be a good investment still if it's a model the USA really want. (Unmolested R32 Skylines, anyone?)

In another year the MKIV Supra's will be legal to take over to the US. A nice TT Supra is running over 20k US over there, a NA version is over 10k. Skylines will also be a solid sale to the US. I am hoping a little bit that the economic issues might shore up the lower end of the used car market a bit, I would like to at least get my money back out of my 182 when I go to sell it haha!

[culpz]

sim16v said:

I don't know about new car buying habits, but it seems to have killed off the cheap used car market.

I bought a new car to me about 5 weeks ago, so put my old one up for sale.

I've had virtually no interest in it, so have had to put my new on up for sale as well, as one of them needs to go.

Old, old one is an E46 328, new old one E46 330.

Could it be quite simply that no-one currently wants to buy your car? My hay fever's suddenly gone okay as of recently so that must be that EU pollen no longer getting up my nose.