Secondhand car price crash?

[ACCYSTAN]

Auto810graphy said:

Highlight this week for me was Vauxhall E-Vivaro Life minibuses. We had a healthcare company ask to provide 20 new ones. They were amazed when we offered them less than a year old ones sub 10,000 miles for £21k when the list is close to £40k. How hard is it to find 20 23 registration E-Vivaro Life's?, not very when the trade are selling them for £15-£18k so that was a nice little deal.

They will soon be gasping at 100 mile range, that’s what they average upto 3 years old before than 100 mile range drops into double figures.

No wonder stellantis have improved the battery and added a heat pump to the new facelift versions out this year.

[Kerniki]

Bowlers said:

Proper chuckle, not seen that one, thanks

[Mr Tidy]

Bowlers said:

Kerniki said:

We’re on page 996, please someone post something 911 related from the early 90s, or wait till the next page and make it the noughties

That's brilliant.

[e-honda]

Standard Porsche mechanic attire isn't it?

[paulguitar]

e-honda said:

Standard Porsche mechanic attire isn't it?

I think the issue is that he's about to put his luggage into the engine.

[ChocolateFrog]

paulguitar said:

e-honda said:

Standard Porsche mechanic attire isn't it?

I think the issue is that he's about to put his luggage into the engine.

Whoosh.

That's his tools.

[paulguitar]

ChocolateFrog said:

paulguitar said:

e-honda said:

Standard Porsche mechanic attire isn't it?

I think the issue is that he's about to put his luggage into the engine.

Whoosh.

That's his tools.

[Theoldguard]

What do these discounts tell us about the market or more specific the EV market

Just over 2k miles and £36.6k off list price.

It's the PCP monthlies at less than what alot of cheaper vehicles would cost, and then the optional final price that seems optimistic in 2 years considering the selling price new and the way used EVs fair

Who is taking the hit on these losses, there does not seem to be a shortage of them either so further discounting a possibility.


https://www.arnoldclark.com/nearly-new-cars/merced...

Edited by Theoldguard on Monday 18th March 15:48

[Deep Thought]

Theoldguard said:

What do these discounts tell us about the market or more specific the EV market

Just over 2k miles and £36.6k off list price.

It's the PCP monthlies at less than what alot of cheaper vehicles would cost, and then the optional final price that seems optimistic in 2 years considering the selling price new and the way used EVs fair

Who is taking the hit on these losses, there does not seem to be a shortage of them either so further discounting a possibility.


https://www.arnoldclark.com/nearly-new-cars/merced...

Edited by Theoldguard on Monday 18th March 15:48

Thats an amazing piece of kit for that money.

Presumably - ex lease or ex management cars? I'm sure someone on here will know.

I see theres £500 put in to the finance by Mercedes.

PCP APR isnt great but is someone needs to PCP theres probably alternative PCP funding sources out there.

[caffeinehigh]

Anyone else browsing in the sort of 6 - 8k price range noticed an improvement? Just going on Autotrader I'm starting to see the money go a bit further recently.

[e-honda]

In 1 year that car dropped £35k in year 1, then they give you a used PCP that says in year 2 and 3 it will drop another £7.5k
Unless the market does a strong recovery they'll be taking another hit on that in 2 years time

[Deep Thought]

e-honda said:

In 1 year that car dropped £35k in year 1, then they give you a used PCP that says in year 2 and 3 it will drop another £7.5k
Unless the market does a strong recovery they'll be taking another hit on that in 2 years time

You make a very good point.

You can buy 3 year old EQC AMG Lines with sub 30K miles (low miles + 24,000 miles of the agreement) from dealers for £30K....

[Indecision]

Absolutely no help to this thread whatsoever - however this morning I watched someone sell a Cullinan to WBAC (in a hotel car park).

I tried, but the WBAC guy wouldn’t tell me what they paid for it. Would love to know the back story behind that one!

[Fast Bug]

Deep Thought said:

Theoldguard said:

What do these discounts tell us about the market or more specific the EV market

Just over 2k miles and £36.6k off list price.

It's the PCP monthlies at less than what alot of cheaper vehicles would cost, and then the optional final price that seems optimistic in 2 years considering the selling price new and the way used EVs fair

Who is taking the hit on these losses, there does not seem to be a shortage of them either so further discounting a possibility.


https://www.arnoldclark.com/nearly-new-cars/merced...

Edited by Theoldguard on Monday 18th March 15:48

Thats an amazing piece of kit for that money.

Presumably - ex lease or ex management cars? I'm sure someone on here will know.

I see theres £500 put in to the finance by Mercedes.

PCP APR isnt great but is someone needs to PCP theres probably alternative PCP funding sources out there.

Probably too new to be ex lease, could be ex demo or MBUK car. EQC production finished a while back and there was strong support to get the last units gone

[e-honda]

I like the idea of borrowing one of these for a couple of years for £15k then possibly being able to buy it for £25k

[The Rotrex Kid]

I’ve been tempted to buy a couple for our rental fleet, they do look amazing value for money.

[e-honda]

Do 2023 EVs potentially get hit with luxury car tax at some stage or are they still exempt after the changes that hit new ones?

I think insurance could potentially be the kicker as well

[The Rotrex Kid]

e-honda said:

Do 2023 EVs potentially get hit with luxury car tax at some stage or are they still exempt after the changes that hit new ones?

I think insurance could potentially be the kicker as well

Yes they will get knocked for the full luxury amount soon!

[The Rotrex Kid]

e-honda said:

Do 2023 EVs potentially get hit with luxury car tax at some stage or are they still exempt after the changes that hit new ones?

I think insurance could potentially be the kicker as well

Yes they will get knocked for the full luxury amount soon!

[clockworks]

e-honda said:

Do 2023 EVs potentially get hit with luxury car tax at some stage or are they still exempt after the changes that hit new ones?

I think insurance could potentially be the kicker as well

AFAIK, no. The luxury car supplement will only apply to new EVs registered after April 2025.

The standard tax rate will apply to all cars registered after 2017.