Secondhand car price crash? (Vol. 2)
Discussion
Mikebentley said:
r3g said:
ACCYSTAN said:
I meant to add, he was buying a Cat N Citroen 72 plate L’ami but surprisingly the insurance was hideously expensive (more than treble) compared to the Celerio.
Surprised at the insurance as it’s only a 2 seater and not exactly fast with a top speed of 27.
Is it because it’s electric?
Insurance on anything electric is hideous because they are known to self-combust and destroy themselves along with pretty much everything within a 50 yard radius. Insurance price reflects that, as they have to pay out not only to replace yours, but the owners of everything that got torched within that radius.Surprised at the insurance as it’s only a 2 seater and not exactly fast with a top speed of 27.
Is it because it’s electric?
It's mostly down to the ease with which the battery can be damaged in an accident. Also the Ami is an urban vehicle only and so more likely to be involved in an accident as its almost never on safer main roads or motorways.
Huge barrier for a low cost EV to get around though...
Frimley111R said:
Mikebentley said:
r3g said:
ACCYSTAN said:
I meant to add, he was buying a Cat N Citroen 72 plate L’ami but surprisingly the insurance was hideously expensive (more than treble) compared to the Celerio.
Surprised at the insurance as it’s only a 2 seater and not exactly fast with a top speed of 27.
Is it because it’s electric?
Insurance on anything electric is hideous because they are known to self-combust and destroy themselves along with pretty much everything within a 50 yard radius. Insurance price reflects that, as they have to pay out not only to replace yours, but the owners of everything that got torched within that radius.Surprised at the insurance as it’s only a 2 seater and not exactly fast with a top speed of 27.
Is it because it’s electric?
It's mostly down to the ease with which the battery can be damaged in an accident. Also the Ami is an urban vehicle only and so more likely to be involved in an accident as its almost never on safer main roads or motorways.
Huge barrier for a low cost EV to get around though...
Telling someone to "get back to the daily fail" seems rather excessive.
sturge7878 said:
But insurance premiums on EVs are much higher. Surprised to see the vitriol expressed here over something so obviously factual.
Telling someone to "get back to the daily fail" seems rather excessive.
I suspect this is what caused the reaction "because they are known to self-combust and destroy themselves along with pretty much everything within a 50 yard radius. Insurance price reflects that, as they have to pay out not only to replace yours, but the owners of everything that got torched within that radius."Telling someone to "get back to the daily fail" seems rather excessive.
Deep Thought said:
I suspect this is what caused the reaction "because they are known to self-combust and destroy themselves along with pretty much everything within a 50 yard radius. Insurance price reflects that, as they have to pay out not only to replace yours, but the owners of everything that got torched within that radius."
Well to be fair it's not like the internet isn't awash with videos of EVs self-combusting and then torching everything in the immediate vicinity. You would have to be high on the EV Kool-Aid juice to deny that 
. The extorionate insurance premiums are at least going to be partly because of that imho, with another part being the battery replacement cost if damaged, like someone mentioned above. I don't think any of this is a secret or news to anyone.Edited by r3g on Monday 6th May 13:40
It is concerning how some people who have gone EV feel the need to defend EVs with every breathe in their body.
It’s only a fuel source guys, get over it.
It will soon be replaced by hydrogen and the lithium batteries will soon be outdated and replaced with a lighter, fast charging, longer range alternative
It’s only a fuel source guys, get over it.
It will soon be replaced by hydrogen and the lithium batteries will soon be outdated and replaced with a lighter, fast charging, longer range alternative
ACCYSTAN said:
It is concerning how some people who have gone EV feel the need to defend EVs with every breathe in their body.
It’s only a fuel source guys, get over it.
It will soon be replaced by hydrogen and the lithium batteries will soon be outdated and replaced with a lighter, fast charging, longer range alternative
I would imagine because of the bizarre misinformation that gets put about. I would imagine the picture of an EV getting recharged by a petrol generator wears a bit thin after a while, as does the hand wringing about everyone going to freeze to death on the motorway during the winter in a traffic jam.It’s only a fuel source guys, get over it.
It will soon be replaced by hydrogen and the lithium batteries will soon be outdated and replaced with a lighter, fast charging, longer range alternative
And, yes, it is only a fuel source guys, get over it. Some people do seem to get very upset because other people chose to drive an EV.
Oh i see the latest one is the EV push is so that the government can control everyone then because electric can be switched off remotely whereas petrol and diesel cant. Not even sure how that even makes sense but thats what the hard of thinking are putting about.
I dont think we're going to see widespread hydrogen use as fuel anytime soon. Its widespread use is certainly not "just around the corner" as some online are saying.
Edited by Deep Thought on Monday 6th May 13:42
r3g said:
Mikebentley said:
What a completely nonsense comment. Get back to the Daily Fail sunshine. Draw your curtains and stay inside with your tin foil hat on. Be careful for Bill Gates’s nano bots they are everywhere.
U ok hun?
This happened to pop up in one of my searches....
2007 X5 4.8i SE with what looks like a very high spec.
https://www.autotrader.co.uk/car-details/202405059...
On the face of it, quite a nice thing to have about but.... £735 tax per year!
Surely these - and many cars like it - will be priced off the road fairly soon?
As nice as one of these might be with a v8 thats quite a chunk of money per year to hand out, even before it turns a wheel?
I'd imagine that tax rate will continue to go up too.
2007 X5 4.8i SE with what looks like a very high spec.
https://www.autotrader.co.uk/car-details/202405059...
On the face of it, quite a nice thing to have about but.... £735 tax per year!
Surely these - and many cars like it - will be priced off the road fairly soon?
As nice as one of these might be with a v8 thats quite a chunk of money per year to hand out, even before it turns a wheel?
I'd imagine that tax rate will continue to go up too.
ACCYSTAN said:
It is concerning how some people who have gone EV feel the need to defend EVs with every breathe in their body.
It’s only a fuel source guys, get over it.
It will soon be replaced by hydrogen and the lithium batteries will soon be outdated and replaced with a lighter, fast charging, longer range alternative
If aimed at my response to r3g stupid post.It’s only a fuel source guys, get over it.
It will soon be replaced by hydrogen and the lithium batteries will soon be outdated and replaced with a lighter, fast charging, longer range alternative
Just for the record: Current cars.
2022 Defender diesel
2024 Smart #1
1967 Triumph Vitesse Petrol
1955 XK140 Petrol
I won’t automatically defend EVs. They work for some and not all. Whether that be based on where people live, income and mileage. This in the same way I won’t defend diesel or petrol use …..each to their own. Grandpa used to say “ You pays your money you make your choice”.
Occasionally what I will challenge though is wilful miss information and sweeping statements from people who clearly “ drink the Kool Aid” and believe what they read online or from the main stream hysteria media. Problem with this place and the internet in general it gives everyone a voice and as Randolph Hearst would say “ Never let the truth get in the way of a good story”.
Deep Thought said:
This happened to pop up in one of my searches....
2007 X5 4.8i SE with what looks like a very high spec.
https://www.autotrader.co.uk/car-details/202405059...
On the face of it, quite a nice thing to have about but.... £735 tax per year!
Surely these - and many cars like it - will be priced off the road fairly soon?
As nice as one of these might be with a v8 thats quite a chunk of money per year to hand out, even before it turns a wheel?
I'd imagine that tax rate will continue to go up too.
The costs when that X5 goes wrong would put me off, not the road tax.2007 X5 4.8i SE with what looks like a very high spec.
https://www.autotrader.co.uk/car-details/202405059...
On the face of it, quite a nice thing to have about but.... £735 tax per year!
Surely these - and many cars like it - will be priced off the road fairly soon?
As nice as one of these might be with a v8 thats quite a chunk of money per year to hand out, even before it turns a wheel?
I'd imagine that tax rate will continue to go up too.
My Touareg is in the top band and it doesn't really bother me. The alternative is forking over £300 a month for a newer equivalent.
Tonberry said:
The costs when that X5 goes wrong would put me off, not the road tax.
My Touareg is in the top band and it doesn't really bother me. The alternative is forking over £300 a month for a newer equivalent.
Yeah i'm maybe more gung ho about the reliability prospects than i should be My Touareg is in the top band and it doesn't really bother me. The alternative is forking over £300 a month for a newer equivalent.
I'd one the same colour combo as that with the same wheels "back in the day", new, in 07, albeit a 3.0d, so i'm probably looking at it through rose tinted glasses.
I guess theres good reason why my BMW Indy drives an Approved Used X5 with a warranty rather than an older one.
Although that ad is up fresh yesterday, its been for sale a couple of months. Its got to be tricky selling a sub £5K car with that level or tax.
I think a lot of the cheaper ICE cars that were traditionally entry level cars have had their prices buoyed up by clean air zones, general insurance hikes and the rise of the food and internet shopping delivery driver. Looking for a car to teach my lad to drive the end of this year and the price some old junk fetches now is quite shocking. I believe this is also helping soften the gap between used small EVs and used small ICE. When you see used ICE small hatchbacks at £5k to £7k at 7/8 yrs old it’s easy to justify a relatively small increase in budget to buy a newer ICE or used EV.
Need a learner ICE though as I want him to understand and learn in a manual.
This is what will happen, as EV gets cheaper it becomes more accessible but there will always be a percentile who wont adopt or feel the barriers to ownership are not worth the effort.
Need a learner ICE though as I want him to understand and learn in a manual.
This is what will happen, as EV gets cheaper it becomes more accessible but there will always be a percentile who wont adopt or feel the barriers to ownership are not worth the effort.
I struggle to understand the prices of big old SUVs
£5k for a 17 year old x5 seems a little steep but it's looks to be about the cheapest of its generation, and go 5 or 6 years newer to the next generation and it's £20k minimum.
Who is buying that? A 12 year old car that could looking at 75% depreciation in 5 years on top of £700 road tax and all of the risks and maintenance costs of running a 12+ year old luxury car.
I think people have the false belief that cars over 10 years old more or less stop depreciating and that cars over 20 years old appreciate. It was maybe true 10-15 years ago but clearly isn't now.
£5k for a 17 year old x5 seems a little steep but it's looks to be about the cheapest of its generation, and go 5 or 6 years newer to the next generation and it's £20k minimum.
Who is buying that? A 12 year old car that could looking at 75% depreciation in 5 years on top of £700 road tax and all of the risks and maintenance costs of running a 12+ year old luxury car.
I think people have the false belief that cars over 10 years old more or less stop depreciating and that cars over 20 years old appreciate. It was maybe true 10-15 years ago but clearly isn't now.
AlexNJ89 said:
What are people's theories on sub £5k being so in-demand?
Interest rates have dropped now which was the original theory.
Sometimes it's just what it's worth. I sold my old Celica ('04) for ~£2,500 on Autotrader privately. Nice chap who came over with the family and had a look around. Honest and true as bob. Off he's gone and it's about what I paid for it 6 years prior.Interest rates have dropped now which was the original theory.
I wasn't going to try ring out £8k from a car I know is worth at best £3k.
Deep Thought said:
This happened to pop up in one of my searches....
2007 X5 4.8i SE with what looks like a very high spec.
https://www.autotrader.co.uk/car-details/202405059...
On the face of it, quite a nice thing to have about but.... £735 tax per year!
Surely these - and many cars like it - will be priced off the road fairly soon?
As nice as one of these might be with a v8 thats quite a chunk of money per year to hand out, even before it turns a wheel?
I'd imagine that tax rate will continue to go up too.
My diesel van costs the same. It just incentivises me to use it more to get my moneys worth. 2007 X5 4.8i SE with what looks like a very high spec.
https://www.autotrader.co.uk/car-details/202405059...
On the face of it, quite a nice thing to have about but.... £735 tax per year!
Surely these - and many cars like it - will be priced off the road fairly soon?
As nice as one of these might be with a v8 thats quite a chunk of money per year to hand out, even before it turns a wheel?
I'd imagine that tax rate will continue to go up too.
griffter said:
Deep Thought said:
This happened to pop up in one of my searches....
2007 X5 4.8i SE with what looks like a very high spec.
https://www.autotrader.co.uk/car-details/202405059...
On the face of it, quite a nice thing to have about but.... £735 tax per year!
Surely these - and many cars like it - will be priced off the road fairly soon?
As nice as one of these might be with a v8 thats quite a chunk of money per year to hand out, even before it turns a wheel?
I'd imagine that tax rate will continue to go up too.
My diesel van costs the same. It just incentivises me to use it more to get my moneys worth. 2007 X5 4.8i SE with what looks like a very high spec.
https://www.autotrader.co.uk/car-details/202405059...
On the face of it, quite a nice thing to have about but.... £735 tax per year!
Surely these - and many cars like it - will be priced off the road fairly soon?
As nice as one of these might be with a v8 thats quite a chunk of money per year to hand out, even before it turns a wheel?
I'd imagine that tax rate will continue to go up too.
Big tax older petrol cars though must be going to become close to worthless or a thing of the past entirely.
Deep Thought said:
griffter said:
Deep Thought said:
This happened to pop up in one of my searches....
2007 X5 4.8i SE with what looks like a very high spec.
https://www.autotrader.co.uk/car-details/202405059...
On the face of it, quite a nice thing to have about but.... £735 tax per year!
Surely these - and many cars like it - will be priced off the road fairly soon?
As nice as one of these might be with a v8 thats quite a chunk of money per year to hand out, even before it turns a wheel?
I'd imagine that tax rate will continue to go up too.
My diesel van costs the same. It just incentivises me to use it more to get my moneys worth. 2007 X5 4.8i SE with what looks like a very high spec.
https://www.autotrader.co.uk/car-details/202405059...
On the face of it, quite a nice thing to have about but.... £735 tax per year!
Surely these - and many cars like it - will be priced off the road fairly soon?
As nice as one of these might be with a v8 thats quite a chunk of money per year to hand out, even before it turns a wheel?
I'd imagine that tax rate will continue to go up too.
Big tax older petrol cars though must be going to become close to worthless or a thing of the past entirely.
r3g said:
Well to be fair it's not like the internet isn't awash with videos of EVs self-combusting and then torching everything in the immediate vicinity. You would have to be high on the EV Kool-Aid juice to deny that . The extorionate insurance premiums are at least going to be partly because of that imho, with another part being the battery replacement cost if damaged, like someone mentioned above. I don't think any of this is a secret or news to anyone.
The internet might be 'awash' with videos of EVs self-combusting, but it's also awash with people claiming the earth is flat, or that chemtrails are a thing. The facts actually point to EVs being way less likely to catch fire.. The extorionate insurance premiums are at least going to be partly because of that imho, with another part being the battery replacement cost if damaged, like someone mentioned above. I don't think any of this is a secret or news to anyone.Edited by r3g on Monday 6th May 13:40
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