Is the bubble about to burst?
Discussion
The problem is that lots of people, me included, would feel utterly stupid if they lost £20k on a car overnight when the bubble bursts. It would not put me on the breadline, but it would be bloody annoying.
A lot of cars selling for £60k could comfortably become £40k cars overnight, and the same goes for £80k and even £100k cars - they all have huge elements of fluff in the price.
A lot of cars selling for £60k could comfortably become £40k cars overnight, and the same goes for £80k and even £100k cars - they all have huge elements of fluff in the price.
Sam All said:
Slickhillsy said:
Is the bubble 'ABOUT' to burst...?
Interesting that this thread started 7th August 2015 - clearly not is the answer!
Good point, have prices plateaued?Interesting that this thread started 7th August 2015 - clearly not is the answer!
http://www.pistonheads.com/classifieds/used-cars/p...
ORD said:
The problem is that lots of people, me included, would feel utterly stupid if they lost £20k on a car overnight when the bubble bursts. It would not put me on the breadline, but it would be bloody annoying.
A lot of cars selling for £60k could comfortably become £40k cars overnight, and the same goes for £80k and even £100k cars - they all have huge elements of fluff in the price.
Would it be any different to buying a high end new car pre bubble?A lot of cars selling for £60k could comfortably become £40k cars overnight, and the same goes for £80k and even £100k cars - they all have huge elements of fluff in the price.
All good points, however it's the same when buying a house.
That can go up or down like a car.
Do you not buy a house or car in case the market drops?
You drive you pay.
I cannot put a price, on the memories I have had, in the last nine years of ownership.
As for my own point up or down I still have the car to enjoy.
Fine it has cost, me money each year.
That can go up or down like a car.
Do you not buy a house or car in case the market drops?
You drive you pay.
I cannot put a price, on the memories I have had, in the last nine years of ownership.
As for my own point up or down I still have the car to enjoy.
Fine it has cost, me money each year.
anonymous said:
[redacted]
The market will even out, most of us deal like myself in the middle market.People who are waiting,may have already miss the boat maybe on the car due to values.
I bet many have already.
Times change as do people,what you want now in a few years you may have changed your view?
Will not be long before this,topic hits 500 pages.
SEE YA said:
All good points, however it's the same when buying a house.
That can go up or down like a car.
Do you not buy a house or car in case the market drops?
You drive you pay.
I cannot put a price, on the memories I have had, in the last nine years of ownership.
As for my own point up or down I still have the car to enjoy.
Fine it has cost, me money each year.
It isnt really like buying a house. Unless you are buying in a very volatile part of the market, a house is not going to drop 25% or more of its value in a short space of time; indeed, house prices rarely go down at all in the UK.That can go up or down like a car.
Do you not buy a house or car in case the market drops?
You drive you pay.
I cannot put a price, on the memories I have had, in the last nine years of ownership.
As for my own point up or down I still have the car to enjoy.
Fine it has cost, me money each year.
I see your point more generally. I think the difference at the moment is that we all know the market is very capable of nose-diving from its current position.
If I had room for one and knew prices were stable, I could see myself spending a lot on a classic Porsche. But with there being so much fluff in the market, a good car could end up costing 10s of thousands per year, which is a bit pricey.
ORD said:
SEE YA said:
All good points, however it's the same when buying a house.
That can go up or down like a car.
Do you not buy a house or car in case the market drops?
You drive you pay.
I cannot put a price, on the memories I have had, in the last nine years of ownership.
As for my own point up or down I still have the car to enjoy.
Fine it has cost, me money each year.
Problem That can go up or down like a car.
Do you not buy a house or car in case the market drops?
You drive you pay.
I cannot put a price, on the memories I have had, in the last nine years of ownership.
As for my own point up or down I still have the car to enjoy.
Fine it has cost, me money each year.
It isnt really like buying a house. Unless you are buying in a very volatile part of the market, a house is not going to drop 25% or more of its value in a short space of time; indeed, house prices rarely go down at all in the UK.
I see your point more generally. I think the difference at the moment is that we all know the market is very capable of nose-diving from its current position.
If I had room for one and knew prices were stable, I could see myself spending a lot on a classic Porsche. But with there being so much fluff in the market, a good car could end up costing 10s of thousands per year, which is a bit pricey.
Sooner or later you have to make a choice stick or go for it
Life is too short,I know if I had waited would never have got my dream car.
They just cost so much,now they will never go to under 20k again.
Edited by SEE YA on Monday 25th July 18:11
I am being told that house prices have already dropped by around 10%. London and Greater London area. We sold the day after the Brexit vote. Very lucky with the timing. I intend to rent for a couple of years and buy again when the time feels right.
As for cars I still feel confident enough to put some money into something that I feel is sensibly priced. Worst ways if it drops in value. I still get to drive, look at it and enjoy it.
As for cars I still feel confident enough to put some money into something that I feel is sensibly priced. Worst ways if it drops in value. I still get to drive, look at it and enjoy it.
lemmingjames said:
Would it be any different to buying a high end new car pre bubble?
No, it wouldn't 
And when you look at the large numbers being made of the new "special" cars, there's every reason why the old ones could be more interesting. Ignoring of course the concept of Classic and it's anti-interventionist new technology -- driving credentials
There is a slight price reduction on some specific cars, I think.
I have been looking at three options to replace my old 986 for the last 6 months. Since overpriced 718 sounds and look a bit less exciting, I started to look at three different used options (quite base models). 1-)993, 2-)Tesla Roadster, 3-) 997.1. I have been seeing at least 2-3k price reductions on these models for the last 6 months, (some of them have been on the market for months as well)
Again I'm not talking about extraneous fast and crazy-ass models, pure standard options, whether you call this bubble or what, I think there is a slight adjustment in the market, for my options at least.
I have been looking at three options to replace my old 986 for the last 6 months. Since overpriced 718 sounds and look a bit less exciting, I started to look at three different used options (quite base models). 1-)993, 2-)Tesla Roadster, 3-) 997.1. I have been seeing at least 2-3k price reductions on these models for the last 6 months, (some of them have been on the market for months as well)
Again I'm not talking about extraneous fast and crazy-ass models, pure standard options, whether you call this bubble or what, I think there is a slight adjustment in the market, for my options at least.
SRT Hellcat said:
I am being told that house prices have already dropped by around 10%. London and Greater London area. We sold the day after the Brexit vote. Very lucky with the timing. I intend to rent for a couple of years and buy again when the time feels right.
As for cars I still feel confident enough to put some money into something that I feel is sensibly priced. Worst ways if it drops in value. I still get to drive, look at it and enjoy it.
You are being told wrong. If house prices in London dropped by 10%, we would all know about it pretty fast as all the free money in Europe and beyond flooded in to the London property market. As for cars I still feel confident enough to put some money into something that I feel is sensibly priced. Worst ways if it drops in value. I still get to drive, look at it and enjoy it.
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