Will Coronavirus hit used car prices?
Discussion
Pupbelly said:
Deep Thought said:
Pupbelly said:
Deep Thought said:
I can forsee people taking a step change if they are wanting to keep an eye on outgoings, maybe Q5 -> A4, X3 -> 3 series, A4->A3 or similar. Or maybe a pre-reg or ex demo instead of new.
I dont think too many will go from new A4 -> banger. Some might have to / chose to, but i dont think it will be the norm or anywhere near it.
Agreed. Many would rather reduce the monthly PCP but still maintain having the latest shiny car on the drive to keep the image healthy rather than get rid of the status symbol and drive something they can actually afford. I dont think too many will go from new A4 -> banger. Some might have to / chose to, but i dont think it will be the norm or anywhere near it.
We've got a couple of cars on PCP and could have bought them many times over without any sort of finance. Ergo we can "actually afford " them.
If there is a stupid comment that marks someone out as financially illiterate it's "car finance is for people who can't really afford the cars they drive".
Deep Thought said:
You're being very generous. I'd have thought its a £5995 car tops. And i think you'd be looking at it for a long time at that. Cooking 1 petrol one series are not a great seller IIRC.
Yep, couldn't be bothered to look at prices originally but agreed, it would need to start with a 4 for me.All I knew at the time, off the top of my head, was 8.5k retail was a dream!
Deep Thought said:
Pupbelly said:
Deep Thought said:
Pupbelly said:
Deep Thought said:
I can forsee people taking a step change if they are wanting to keep an eye on outgoings, maybe Q5 -> A4, X3 -> 3 series, A4->A3 or similar. Or maybe a pre-reg or ex demo instead of new.
I dont think too many will go from new A4 -> banger. Some might have to / chose to, but i dont think it will be the norm or anywhere near it.
Agreed. Many would rather reduce the monthly PCP but still maintain having the latest shiny car on the drive to keep the image healthy rather than get rid of the status symbol and drive something they can actually afford. I dont think too many will go from new A4 -> banger. Some might have to / chose to, but i dont think it will be the norm or anywhere near it.
t!!Pupbelly said:
Oh come on, all the white goods German fodder sat on peoples drives/side of road is a result of them being devoted car enthusiasts and in the mid to upper earning bracket? Not that they want to look good to their friends and neighbours to have a certain status on Facebook / Instagram etc. etc. Bullst!!
Would your friends and neighbours be impressed if you rocked up in a new A4?t!!
Mexman said:
Deep Thought said:
You're being very generous. I'd have thought its a £5995 car tops. And i think you'd be looking at it for a long time at that. Cooking 1 petrol one series are not a great seller IIRC.
Yep, couldn't be bothered to look at prices originally but agreed, it would need to start with a 5 for me.All I knew at the time, off the top of my head, was 8.5k retail was a dream!
Indeed.
And its not exactly going to set the world on fire either if you did have it on your forecourt.
CRA1G said:
I totally agree... when someone says " if I'm spending £30k on a car it's got to be like brand new" in that case go and buy a brand new £30K car.... don't be moaning because this £60K when new now £30K 3 year old 30,000 mile car has a small mark on a wheel and a micro stone chip on the bonnet...
But can the garage not organise a cheap trade price repair - what would it be in trade, £50, assuming they haven't got some valeter on staff capable of doing a decent job of it. Its the customer service element that bugs me. Most used buyers have realistic expectations and would be happy with half an effort at making it nice. in that case go and buy a brand new £30K car.... don't be moaning because this £60K when new now £30K 3 year old 30,000 mile car has a small mark on a wheel and a micro stone chip on the bonnet...As for whether the market is booming and whether it should be expected at the SUV level, as per my earlier post I have a shortlist of 4 or 5 models that returns the best part of 200 cars with my filters - previously easy sellers - hatchbacks, saloons, economical but sporty petrol engines
since before lockdown not much has changed. two have disappeared and the rest have not budged, including no new listings as far as I can tell.
Spoke to a dealer today - couple of staff on furlough still. Seems to be just the boss in probably getting back on top of admin rather than selling. Big forecourt nice cars but small outfit of 4 or 5 staff and just the boss in.
menousername said:
But can the garage not organise a cheap trade price repair - what would it be in trade, £50, assuming they haven't got some valeter on staff capable of doing a decent job of it. Its the customer service element that bugs me. Most used buyers have realistic expectations and would be happy with half an effort at making it nice.
It was a hypothetical situation the O/P on the other thread posted, not a real one.No need for outrage.
And IIRC you did agree that if the specific circumstance was to arise as the O/P described, he wouldnt be entitled to a refund of their deposit, so you seem to be arguing against yourself a bit.
menousername said:
As for whether the market is booming and whether it should be expected at the SUV level, as per my earlier post I have a shortlist of 4 or 5 models that returns the best part of 200 cars with my filters - previously easy sellers - hatchbacks, saloons, economical but sporty petrol engines
since before lockdown not much has changed. two have disappeared and the rest have not budged, including no new listings as far as I can tell.
Spoke to a dealer today - couple of staff on furlough still. Seems to be just the boss in probably getting back on top of admin rather than selling. Big forecourt nice cars but small outfit of 4 or 5 staff and just the boss in.
Many dealers seem to be still just ramping up, unsure of what demand will be like. It is only day 3(?) for most.since before lockdown not much has changed. two have disappeared and the rest have not budged, including no new listings as far as I can tell.
Spoke to a dealer today - couple of staff on furlough still. Seems to be just the boss in probably getting back on top of admin rather than selling. Big forecourt nice cars but small outfit of 4 or 5 staff and just the boss in.
Edited by Deep Thought on Wednesday 10th June 14:16
Pupbelly said:
Deep Thought said:
Would your friends and neighbours be impressed if you rocked up in a new A4?
Who knows, some will some won't. But I wouldn't waste my money. Lets be honest its more about image and perception than anything else, unfortunately its the way the UK rolls.The top 10 biggest sellers of 2019 dont feature any exec saloons or prestige big SUVs.
https://www.driving.co.uk/news/business/uks-top-10...
The reality is a new A4 doesnt impress anyone as people arent going to think "Wow! Pupbelly has dropped £40K of his hard earned on a new A4!" They'll be thinking - "i see Pupbelly availed of that £299 a month deal the dealer down the road was advertising".
And if someone can get a new A4 for the price of a Mondeo per month then if thats what they want to do, then thats fine by me
Cheap PCP deals on new cars = great value used cars. A win for everyone, no?
Anyways - i'll leave it at that. As i was saying its all been covered off before and invariably will end with you flouncing off or showing us a pic of a Casio watch from the bottom of your garden or whatever.
Nothing new to see here.
Edited by Deep Thought on Wednesday 10th June 14:20
leonardfell said:
Deep Thought said:
Exactly.
Wellcome back
Hows business?
Can you two get a room.Wellcome back
Hows business?
Deep Thought said:
Pupbelly said:
Deep Thought said:
Would your friends and neighbours be impressed if you rocked up in a new A4?
Who knows, some will some won't. But I wouldn't waste my money. Lets be honest its more about image and perception than anything else, unfortunately its the way the UK rolls.The top 10 biggest sellers of 2019 dont feature any exec saloons or prestige big SUVs.
https://www.driving.co.uk/news/business/uks-top-10...
The reality is a new A4 doesnt impress anyone as people arent going to think "Wow! Pupbelly has dropped £40K of his hard earned on a new A4!" They'll be thinking - "i see Pupbelly availed of that £299 a month deal the dealer down the road was advertising".
And if someone can get a new A4 for the price of a Mondeo per month then if thats what they want to do, then thats fine by me
Cheap PCP deals on new cars = great value used cars. A win for everyone, no?
Anyways - i'll leave it at that. As i was saying its all been covered off before and invariably will end with you flouncing off or showing us a pic of a Casio watch from the bottom of your garden or whatever.
Nothing new to see here.
Edited by Deep Thought on Wednesday 10th June 14:20
Pupbelly said:
Deep Thought said:
Pupbelly said:
Deep Thought said:
Would your friends and neighbours be impressed if you rocked up in a new A4?
Who knows, some will some won't. But I wouldn't waste my money. Lets be honest its more about image and perception than anything else, unfortunately its the way the UK rolls.The top 10 biggest sellers of 2019 dont feature any exec saloons or prestige big SUVs.
https://www.driving.co.uk/news/business/uks-top-10...
The reality is a new A4 doesnt impress anyone as people arent going to think "Wow! Pupbelly has dropped £40K of his hard earned on a new A4!" They'll be thinking - "i see Pupbelly availed of that £299 a month deal the dealer down the road was advertising".
And if someone can get a new A4 for the price of a Mondeo per month then if thats what they want to do, then thats fine by me
Cheap PCP deals on new cars = great value used cars. A win for everyone, no?
Anyways - i'll leave it at that. As i was saying its all been covered off before and invariably will end with you flouncing off or showing us a pic of a Casio watch from the bottom of your garden or whatever.
Nothing new to see here.
Edited by Deep Thought on Wednesday 10th June 14:20
Throttlebody said:
Your original comment is valid ref the PCP lure. The UK in general, is a debt riddled, minimal savings, aspirational, asset driven, live it now culture where discretional spending and maxing out the monthly is seen as a right of passage. Don’t be swayed by the delusional PC types here. Once the Govt £300 Billion cash machine shuts down, payback and realities will start hitting home.
Exciting times! The day of the PCP naysayers is finally here!Throttlebody said:
Your original comment is valid ref the PCP lure. The UK in general, is a debt riddled, minimal savings, aspirational, asset driven, live it now culture where discretional spending and maxing out the monthly is seen as a right of passage. Don’t be swayed by the delusional PC types here. Once the Govt £300 Billion cash machine shuts down, payback and realities will start hitting home.
Direct, but I have to agree!Mexman said:
My thoughts are that cheaper end of the market will boom.....Initially.
More expensive end of the market, may suffer initially, until job security, wages etc returns to some kind of normal.
Most of these more expensive 30k cars are financed, which is where uncertainty comes in.
Agreed, I think that the ‘return to normal’ is going to be three years maybe four years of by what the airline industry are forecasting. That to me is a useful barometer given how and why we use air travel and it’s affordibility.More expensive end of the market, may suffer initially, until job security, wages etc returns to some kind of normal.
Most of these more expensive 30k cars are financed, which is where uncertainty comes in.
Pupbelly said:
Who knows, some will some won't. But I wouldn't waste my money. Lets be honest its more about image and perception than anything else, unfortunately its the way the UK rolls.
Sure that happens, it's neither a UK specific thing nor a new thing nor has much to do with the way people finance the depreciation. Personaly I don't care about OTHER people's motivation for buying a car but if that's important to you then fair enough, it's a free world.
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