Nobody wants big engined petrols for trade-in.
Discussion
Went to look at a car today, and three out of three times, i've been offered £1500 lower than the book price. (Mondeo st220).
As the dealer, probably correctly said, 'we dont need them, we cant shift them, and people dont want to buy them, they all want little diesels then can pay £20 a year road tax on'.
Bah. Might just keep it now and keep punching holes in the o-zone layer with it, just to prove a point.
As the dealer, probably correctly said, 'we dont need them, we cant shift them, and people dont want to buy them, they all want little diesels then can pay £20 a year road tax on'.
Bah. Might just keep it now and keep punching holes in the o-zone layer with it, just to prove a point.
A sad state of affairs, but been brewing. About 18 months ago, I part exchanged a lovely 3.0 X Type Sovereign Estate auto. Part of me was gutted to get rid, though I did have my doubts re. the life of the auto box which was clunking on down changes. Anyway, the Merc dealer said much the same thing back then. Enthusiasts and petrol heads show interest only. 95% of other buyers want a horrid diesel econo box with £0-£20 road tax.
Seriously, why do people worry about the road tax as part of the cost of running a car? Yes it's a cost to be borne but nothing compared to the depreciation of the car.
This should mean that there's some good deals out there to be done. During the onset of the last credit crunch and rocketing fuel prices I must have been one of the few shopping for a big V8 4x4, and a nice Audi dealer practically gave away an ex-demo model to me.
This should mean that there's some good deals out there to be done. During the onset of the last credit crunch and rocketing fuel prices I must have been one of the few shopping for a big V8 4x4, and a nice Audi dealer practically gave away an ex-demo model to me.
PhilboSE said:
Seriously, why do people worry about the road tax as part of the cost of running a car? Yes it's a cost to be borne but nothing compared to the depreciation of the car.
Because people are stupid. We as petrolheads should rejoice however, because it means we can get massive V8s for peanuts.Acheron said:
Went to look at a car today, and three out of three times, i've been offered £1500 lower than the book price. (Mondeo st220).
As the dealer, probably correctly said, 'we dont need them, we cant shift them, and people dont want to buy them, they all want little diesels then can pay £20 a year road tax on'.
If that's the case (which it probably is) then I think it's clear that the book is wrong. As the dealer, probably correctly said, 'we dont need them, we cant shift them, and people dont want to buy them, they all want little diesels then can pay £20 a year road tax on'.
One of the things I saw in some press clip just recently was that now was the time to buy big petrol engined vehicles - big engined vehicles period. They are such a bargain.
The angle this journalist was coming from was to do with the fuel economy, but more, the price you pay at the pump for 200 miles today vs say, 2 years ago. Everybody is moving away from the gas-guzzellers into 60mpg diesels due to the 135ppl fuel price.
There are a lot more factors - such as road tax / insurance / reliability that make up the running cost of the vehicle, for sure, but a hefty sum from your pocket goes into that tank when you run 25mpg cars.
What this journalist was stating was that the value of large engined vehicles cycles a little with the cost at the pump and now is the worst time to sell on. The optimist in him states that fuel will be cheaper in the future and these low mpg cars will become more in demand (in a relative way, that is) in the future.
Me personally - I've got a small wager on that fuel will drop to £1.20pl by this time 2012. We can only hope. Do you remember when we all complained that the fuel broke 100ppl ? Frightenly, that wasn't so long ago.
The angle this journalist was coming from was to do with the fuel economy, but more, the price you pay at the pump for 200 miles today vs say, 2 years ago. Everybody is moving away from the gas-guzzellers into 60mpg diesels due to the 135ppl fuel price.
There are a lot more factors - such as road tax / insurance / reliability that make up the running cost of the vehicle, for sure, but a hefty sum from your pocket goes into that tank when you run 25mpg cars.
What this journalist was stating was that the value of large engined vehicles cycles a little with the cost at the pump and now is the worst time to sell on. The optimist in him states that fuel will be cheaper in the future and these low mpg cars will become more in demand (in a relative way, that is) in the future.
Me personally - I've got a small wager on that fuel will drop to £1.20pl by this time 2012. We can only hope. Do you remember when we all complained that the fuel broke 100ppl ? Frightenly, that wasn't so long ago.
PhilboSE said:
Seriously, why do people worry about the road tax as part of the cost of running a car?
This! - time and time again i have had this conversation.Me: how many miles a year do you do
Them: about 6000
Me: No point buying a hybrid then, you will never see the return on investment.
them: but its only £10 a year to tax
me: but the petrol version is only £90 a year to tax
them: thats £80 a year saving
me: the hybrid is £2000 more expensive
Them: but its still cheaper to tax
me: it will take you 15 years of ownership to even break even...
urghh!
PhilboSE said:
Seriously, why do people worry about the road tax as part of the cost of running a car? Yes it's a cost to be borne but nothing compared to the depreciation of the car.
They are right to complain about it but they angle their complaint in the wrong direction. You've stated exactly where it should be directed.What I mean by this - the road tax at £450 doesn't kill the bank account exactly. Yes - a big hit in one go, but not compared to everything else. A lot of people do see this as big money and therefore, won't buy the car. So the issue - the depreciation on these cars is likely to be heavier and that is the additional cost - that is where they are expensive (only if you need to sell on, of course).
If the V6 or V8 that you bought for £4000 last year is a struggle to sell today because people are struggling with the road tax idea, that's not just £450 lost to the govt this year. How much are you going to lose just to sell it on ? So then what is driving this price down ? It's a vicious circle.
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