Secondhand car price crash?
Discussion
ToastMan76 said:
Just gone over my old Carwows, it was the below (top 4 @ 0%):
ST-3 - £19,864
ST-2 - £18,200
Megane RS - £25,139
Tyre R - £29,662
Golf GTI - £27,995
I30N - £22,516
I dont keep my paperwork as its 3 cars ago for me and I only kept it a year but thats a good price assume with no options as mine had a few ST-3 - £19,864
ST-2 - £18,200
Megane RS - £25,139
Tyre R - £29,662
Golf GTI - £27,995
I30N - £22,516
You dodged a bullet though all the other cars on that list are much better imo
liner33 said:
I dont keep my paperwork as its 3 cars ago for me and I only kept it a year but thats a good price assume with no options as mine had a few
You dodged a bullet though all the other cars on that list are much better imo
Only bullet I dodged was not buying any so not paying for a car to sit on the drive for 4 years 🤣 Doesnt stop me lusting though!!You dodged a bullet though all the other cars on that list are much better imo
Deep Thought said:
liner33 said:
Deep Thought said:
Manufacturers like BMW will do what they always do then - offer very low to 0% APR finance and give big discounts either directly and / or through finance incentives. OR push them through lease deals and make the monthlies compelling.
Cash buyers will be the last people they'll be aiming for.
Discounts isn’t something BMW have been doing for the last 18 months at least even with the apr hitting 4.9% Cash buyers will be the last people they'll be aiming for.
Hence why I said "will"
EDIT: Just did a check there and you can get £10K off a new 7 series and £20K off a new M5 Comp. The latter is available with 4.9% APR.
Looks like "will" is becoming "now"
Edited by Deep Thought on Sunday 12th March 16:28
That's an enormous discount on the frankly ridiculous list price of these things.
Lovely car, and a big discount, but this seems like a sure fire way to lose about £50K in the next 3 years....
https://www.autotrader.co.uk/car-details/202302234...
https://www.autotrader.co.uk/car-details/202302234...
Deep Thought said:
Lovely car, and a big discount, but this seems like a sure fire way to lose about £50K in the next 3 years....
https://www.autotrader.co.uk/car-details/202302234...
Which is pretty much what the lease costs, give or take, I guess.https://www.autotrader.co.uk/car-details/202302234...
liner33 said:
Saweep said:
I saw M8 Competiton leases for 10k plus 8/100 pcm depending whether you have GC or cab etc.
That's an enormous discount on the frankly ridiculous list price of these things.
The year old used ones represent terrific VFM , they depreciate horrifically That's an enormous discount on the frankly ridiculous list price of these things.
liner33 said:
Deep Thought said:
Manufacturers like BMW will do what they always do then - offer very low to 0% APR finance and give big discounts either directly and / or through finance incentives. OR push them through lease deals and make the monthlies compelling.
Cash buyers will be the last people they'll be aiming for.
Discounts isn’t something BMW have been doing for the last 18 months at least even with the apr hitting 4.9% Cash buyers will be the last people they'll be aiming for.
I'm sure they did, having read the thread title, for 40k (lol!) I could have had one with 266 miles on.
What they want 22k for, the rest of the market is after 16-17 (post 2017 update, s model and low miles, if you want it, gizzets etc), so to shift anything I suspect they do need to work out a way to appeal to anyone who had done any smattering of research.
What they want 22k for, the rest of the market is after 16-17 (post 2017 update, s model and low miles, if you want it, gizzets etc), so to shift anything I suspect they do need to work out a way to appeal to anyone who had done any smattering of research.
Macron said:
I'm sure they did, having read the thread title, for 40k (lol!) I could have had one with 266 miles on.
What they want 22k for, the rest of the market is after 16-17 (post 2017 update, s model and low miles, if you want it, gizzets etc), so to shift anything I suspect they do need to work out a way to appeal to anyone who had done any smattering of research.
"They" being a BMW franchised dealer, not BMW themselves though.What they want 22k for, the rest of the market is after 16-17 (post 2017 update, s model and low miles, if you want it, gizzets etc), so to shift anything I suspect they do need to work out a way to appeal to anyone who had done any smattering of research.
That offer is just what the dealer has pulled together. BMW themselves dont really give a stuff about used car sales.
I've seen it done before whereby a dealer will offer 0% but they then build it in to the price of the used car by inflating it.
Joey Deacon said:
maz8062 said:
FlyingPanda said:
Inky81 said:
The irony of a London based £150k+ Range Rover owner complaining over a £10k insurance premium is peak PH.
Who’s done that?https://twitter.com/mpscockfosters/status/16346592...
Fast Bug said:
The Rotrex Kid said:
Also, everyone is desperate to unload EV stock at the moment, prices have taken an absolute kicking.
We can't give use electric away at the moment and new seems to be a struggle for private buyersI was sat in a BMW dealer last week for a few hours and there were a few new cars delivered whilst I was there. Maybe six, and only one had a “green” number plate which was an X1
The showroom was full of EV’s, one of which was £120k!
There was only one car in there that would have interested me and that had a 6cyl and seemed quite reasonable compared with all the EV’s around it at £40k
me
Edited by Earthdweller on Monday 13th March 20:25
Earthdweller said:
What are they buying at the moment?
I was sat in a BMW dealer last week for a few hours and there were a few new cars delivered whilst I was there. Maybe six, and only one had a “green” number plate which was an X1
The showroom was full of EV’s, one of which was £120k!
There was only one car in there that would have interested me and that had a 6cyl and seemed quite reasonable compared with all the EV’s around it at £40k
me
That looks like a M240IXdrive with the basic list price starting at £49130.00.I was sat in a BMW dealer last week for a few hours and there were a few new cars delivered whilst I was there. Maybe six, and only one had a “green” number plate which was an X1
The showroom was full of EV’s, one of which was £120k!
There was only one car in there that would have interested me and that had a 6cyl and seemed quite reasonable compared with all the EV’s around it at £40k
me
Edited by Earthdweller on Monday 13th March 20:25
CRA1G said:
Earthdweller said:
What are they buying at the moment?
I was sat in a BMW dealer last week for a few hours and there were a few new cars delivered whilst I was there. Maybe six, and only one had a “green” number plate which was an X1
The showroom was full of EV’s, one of which was £120k!
There was only one car in there that would have interested me and that had a 6cyl and seemed quite reasonable compared with all the EV’s around it at £40k
me
That looks like a M240IXdrive with the basic list price starting at £49130.00.I was sat in a BMW dealer last week for a few hours and there were a few new cars delivered whilst I was there. Maybe six, and only one had a “green” number plate which was an X1
The showroom was full of EV’s, one of which was £120k!
There was only one car in there that would have interested me and that had a 6cyl and seemed quite reasonable compared with all the EV’s around it at £40k
me
Edited by Earthdweller on Monday 13th March 20:25
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