Car pricing - things going mental or is it just me?

[T1berious]

Morning all,

So I'm mentally preparing myself to replace a car next year, I guess a few years back things didn't "seem" so bad pricing wise and I felt for a few years that some brands were properly knocking on the door of the next tier price wise (BMW 8 Series being a good example).

So two recent car prices were made public (MX5 and GR Yaris) and both made me do a double take and ask "How much!?"

Inflation plays a part but are manufacturers inflating prices well above inflation because they know 99% of sales will be via some form of lease deal so they just focus on the monthly figure?

Dreading having to replace the Kia next year.

Just wouldn't mind hearing your thoughts.

[T1berious]

JAMSXR said:

I work for an IT manufacturer, our cost of goods has gone up circa 30% in the last 3 years.

Depreciation is working wonders in the used EV market. 50% in a few years seems to be normal. I’ve jacked in the wife’s 5 year old X1 for a 3 year old Tesla with significantly less miles for very little uplift.

Just keep the Kia

Yeah, I'm feeling that might be the best option but in my crazy mind I was like "its got a long warranty and its transferable" so get rid while it's got a chunk of warranty left. That way it might have some value in it.

(he says rocking quietly to himself in the padded room....)

[T1berious]

brillomaster said:

no one actually buys new cars outright, so its almost immaterial what the list price is - for the first 5 or so years of a cars life, it'll be paid for with monthly payments.

once it hits the actual secondhand market where someone might actually buy it with cold hard cash, it'll depreciate to what its actually worth when you're not in a finance deal.

Last car I had on HP was 1995, when I'd done the sums post purchase, realised I'd been mugged. Never again.

(But that's me, and I appreciate everyone's different)