What has happened to all the sub 3k used car stock?
Discussion
Currently looking for something half decent for the missus, and failing to do so. Has anyone else noticed limited stock at the lower end of the market.
Most 3k cars are still over ten years old and have a fair whack of mileage, with poor history.
I've come to the conclusion that there are a few reasons for this;
Scrappage scheme - this has caused a vacuum at the lower end of the market, pushing the prices up.
Finance - Most people these days get getting financed cars, so their 'used cars' are staying within the trade.
New car sales are slowing, so there are physically less cars on the market.
Inflation - i'm getting older and haven't really noticed the effects of inflation until now - My expectations are too high.
When i bought my first car in 2009, it was an 8 year old seat ibiza, 40k on the clock for £1400, sold it 4 years later for £500 and bought the e36 328 i'm currently driving for £550 - nearly 10 years motoring for £1450 (plus maybe £1000 in bills).
I don't think living in the southwest helps at all. What are other peoples thoughts....any tips on where to find a reasonably priced small hatchback????
Most 3k cars are still over ten years old and have a fair whack of mileage, with poor history.
I've come to the conclusion that there are a few reasons for this;
Scrappage scheme - this has caused a vacuum at the lower end of the market, pushing the prices up.
Finance - Most people these days get getting financed cars, so their 'used cars' are staying within the trade.
New car sales are slowing, so there are physically less cars on the market.
Inflation - i'm getting older and haven't really noticed the effects of inflation until now - My expectations are too high.
When i bought my first car in 2009, it was an 8 year old seat ibiza, 40k on the clock for £1400, sold it 4 years later for £500 and bought the e36 328 i'm currently driving for £550 - nearly 10 years motoring for £1450 (plus maybe £1000 in bills).
I don't think living in the southwest helps at all. What are other peoples thoughts....any tips on where to find a reasonably priced small hatchback????
- Selling privately attracts a world of d
heads who want the car for nothing - People are afraid of scams
- People are afraid of comeback on the cars. Getting more and more common for buyers to come back a week later demanding a refund / part refund
- The likes of WBAC take away a lot of the pain
- Trading in is less hassle for people
orangesrule said:
Currently looking for something half decent for the missus, and failing to do so. Has anyone else noticed limited stock at the lower end of the market.
Most 3k cars are still over ten years old and have a fair whack of mileage, with poor history.
I've come to the conclusion that there are a few reasons for this;
Scrappage scheme - this has caused a vacuum at the lower end of the market, pushing the prices up.
Finance - Most people these days get getting financed cars, so their 'used cars' are staying within the trade.
New car sales are slowing, so there are physically less cars on the market.
Inflation - i'm getting older and haven't really noticed the effects of inflation until now - My expectations are too high.
When i bought my first car in 2009, it was an 8 year old seat ibiza, 40k on the clock for £1400, sold it 4 years later for £500 and bought the e36 328 i'm currently driving for £550 - nearly 10 years motoring for £1450 (plus maybe £1000 in bills).
I don't think living in the southwest helps at all. What are other peoples thoughts....any tips on where to find a reasonably priced small hatchback????
At that price eBay would be a good bet. Fiat Panda 100HP with less than 55k on clock for sub 3k https://www.ebay.co.uk/itm/FIAT-PANDA-169-100HP-20...Most 3k cars are still over ten years old and have a fair whack of mileage, with poor history.
I've come to the conclusion that there are a few reasons for this;
Scrappage scheme - this has caused a vacuum at the lower end of the market, pushing the prices up.
Finance - Most people these days get getting financed cars, so their 'used cars' are staying within the trade.
New car sales are slowing, so there are physically less cars on the market.
Inflation - i'm getting older and haven't really noticed the effects of inflation until now - My expectations are too high.
When i bought my first car in 2009, it was an 8 year old seat ibiza, 40k on the clock for £1400, sold it 4 years later for £500 and bought the e36 328 i'm currently driving for £550 - nearly 10 years motoring for £1450 (plus maybe £1000 in bills).
I don't think living in the southwest helps at all. What are other peoples thoughts....any tips on where to find a reasonably priced small hatchback????
f:1&frcectupt=true I'm not the seller or affiliated with them in any way.
Yep its an issue for me also.
In 2006 I bought a 3 year old Ford Mondeo, albeit with 90k motorway miles on the clock, for £6k.
No way can get a 3 year old large car for that now.
Prices of new cars have gone up alot.
What I want to know though is where all the cars that the likes of WBAC buy go to. I reckon they are shipped abroad.
In 2006 I bought a 3 year old Ford Mondeo, albeit with 90k motorway miles on the clock, for £6k.
No way can get a 3 year old large car for that now.
Prices of new cars have gone up alot.
What I want to know though is where all the cars that the likes of WBAC buy go to. I reckon they are shipped abroad.
danlightbulb said:
Yep its an issue for me also.
In 2006 I bought a 3 year old Ford Mondeo, albeit with 90k motorway miles on the clock, for £6k.
No way can get a 3 year old large car for that now.
Inflation.In 2006 I bought a 3 year old Ford Mondeo, albeit with 90k motorway miles on the clock, for £6k.
No way can get a 3 year old large car for that now.
£6k in 2006 is equivalent to £8425 now. Plenty of 2015 Mondeos and similar available for that.
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