Will Coronavirus hit used car prices?
Discussion
Butter Face said:
Oh, so furlough doesn’t actually end. Because that’s what you said. Maybe you should be clearer in your posts.
Doesn’t sound as dramatic though.
To be clear Furlough is ending. There is now a finite period of time left with a tapering of the sums paid by the Govt with a contrasting increase in the sums required to be paid by the employer.Doesn’t sound as dramatic though.
Jasandjules said:
To be clear Furlough is ending. There is now a finite period of time left with a tapering of the sums paid by the Govt with a contrasting increase in the sums required to be paid by the employer.
The poster said that furlough ended in two weeks. Keep up at the back!! 
The Rotrex Kid said:
Jasandjules said:
To be clear Furlough is ending. There is now a finite period of time left with a tapering of the sums paid by the Govt with a contrasting increase in the sums required to be paid by the employer.
The poster said that furlough ended in two weeks. Keep up at the back!! 
flibbage0 said:
Dwh8611 said:
Plus many that are too cautious to spend due to the uncertainty of their jobs hanging by a thread. Whereas the people with the most secure jobs like key workers who we really need to spend to get the economy going again are still getting freebies and huge discounts so not much help their either 
We work long hours wearing face masks, dehydrated, often without A/C trying to save lives and get paid rubbish compared to equivalent professional careers, we don't have the money to spend on the economy, the freebies we get are pants. We want a salary increase not a free coffee or claps. From what I've heard and seen car sales are currently on the up, people are buying and selling this is due to the following:
1. Car economy was shut for a good 2-3 months so that caused a lag
2. People that have a lot of capital tied into a car want to release some equity i.e they have a £50k car and will downsize to a £20k car
3. Redundancy money, people in their 50's and 60's finally splashing out on their dream car (probably a very small minority)
P.s it’s not just freebie coffees, you can also get massive savings if you look hard enough -
One example is car leasing an Audi A7 40 tdi s line - 2yr lease 10k miles yr
Only £369.99 /month & £1,229.97 /up front for NHS Staff.
Great price for a £49k car.
Or Joe bloggs with job hanging by a thread £443.06 /month & £1,527.19 up front.
A saving of £1978 - so bit more than a cup of coffee!
Dwh8611 said:
Ok I don’t begrudge you your free coffees etc as you deserve these (NHS workers esp) and I’m grateful you do these jobs but it’s not exactly helping the economy get back on its feet if you don’t have to spend on anything. I mentioned key workers not just NHS because they are the ones with the job security at the moment so have a stable wage to spend as normal with out any uncertainty. I currently work long hours too (with a face mask with no a/c)?? but my job is hanging by a thread so I can’t risk spending on nice things like I would normally just now.
P.s it’s not just freebie coffees, you can also get massive savings if you look hard enough -
One example is car leasing an Audi A7 40 tdi s line - 2yr lease 10k miles yr
Only £369.99 /month & £1,229.97 /up front for NHS Staff.
Great price for a £49k car.
Or Joe bloggs with job hanging by a thread £443.06 /month & £1,527.19 up front.
A saving of £1978 - so bit more than a cup of coffee!
I get what you're saying but who buys an Audi A7 s line during a time like this? It's not necessary, I'm trying to get on the property ladder and afford normal bills like a lot of other healthcare professionals and yes I know this is a car forum but throwing around these random discounts doesn't take away from the big issue of underpaid and understaffed healthcare. Using out of date hardware that can't even load two tabs of Google Chrome without freezing.P.s it’s not just freebie coffees, you can also get massive savings if you look hard enough -
One example is car leasing an Audi A7 40 tdi s line - 2yr lease 10k miles yr
Only £369.99 /month & £1,229.97 /up front for NHS Staff.
Great price for a £49k car.
Or Joe bloggs with job hanging by a thread £443.06 /month & £1,527.19 up front.
A saving of £1978 - so bit more than a cup of coffee!
I honestly find these discounts laughable, will they offer special lease deals on bog standard cars like a ford fiesta or focus? No. If key workers aren't spending money then I say good, people have been borrowing far too much money and have been living beyond their means for far too long. People have forgotten about being accountable for their own financial actions. The whole model needs reworking.
The fact that they expect those that have worked their bums off and potentially risked their lives getting this virus and have been financially responsible are now expected to splash the cash to keep the economy running is an absolute joke.
Ironically what the government is doing reminds me of what the local councils do to repair a pothole, they bodge it.
I'm sorry for being so cynical but that's just how I feel.
flibbage0 said:
Dwh8611 said:
Ok I don’t begrudge you your free coffees etc as you deserve these (NHS workers esp) and I’m grateful you do these jobs but it’s not exactly helping the economy get back on its feet if you don’t have to spend on anything. I mentioned key workers not just NHS because they are the ones with the job security at the moment so have a stable wage to spend as normal with out any uncertainty. I currently work long hours too (with a face mask with no a/c)?? but my job is hanging by a thread so I can’t risk spending on nice things like I would normally just now.
P.s it’s not just freebie coffees, you can also get massive savings if you look hard enough -
One example is car leasing an Audi A7 40 tdi s line - 2yr lease 10k miles yr
Only £369.99 /month & £1,229.97 /up front for NHS Staff.
Great price for a £49k car.
Or Joe bloggs with job hanging by a thread £443.06 /month & £1,527.19 up front.
A saving of £1978 - so bit more than a cup of coffee!
I get what you're saying but who buys an Audi A7 s line during a time like this? It's not necessary, I'm trying to get on the property ladder and afford normal bills like a lot of other healthcare professionals and yes I know this is a car forum but throwing around these random discounts doesn't take away from the big issue of underpaid and understaffed healthcare. Using out of date hardware that can't even load two tabs of Google Chrome without freezing.P.s it’s not just freebie coffees, you can also get massive savings if you look hard enough -
One example is car leasing an Audi A7 40 tdi s line - 2yr lease 10k miles yr
Only £369.99 /month & £1,229.97 /up front for NHS Staff.
Great price for a £49k car.
Or Joe bloggs with job hanging by a thread £443.06 /month & £1,527.19 up front.
A saving of £1978 - so bit more than a cup of coffee!
I honestly find these discounts laughable, will they offer special lease deals on bog standard cars like a ford fiesta or focus? No. If key workers aren't spending money then I say good, people have been borrowing far too much money and have been living beyond their means for far too long. People have forgotten about being accountable for their own financial actions. The whole model needs reworking.
The fact that they expect those that have worked their bums off and potentially risked their lives getting this virus and have been financially responsible are now expected to splash the cash to keep the economy running is an absolute joke.
Ironically what the government is doing reminds me of what the local councils do to repair a pothole, they bodge it.
I'm sorry for being so cynical but that's just how I feel.
The A7 was just one of the larger discounts that are being offered. I dare say their are cheaper cars on offer too and other discounts for buying outright etc.
I don’t think people should borrow above their means either but people actually spending money is what the economy needs to get back on its feet and thus keeping more people employed.
Yes you may have been on the frontline and put yourself as risk, but you have a secure job with regular income in the career you chose while others are losing their jobs through no fault of their own.
Try getting on the property ladder on universal credit.
Maybe you should think about that before saying good to key workers not spending money.
NHS staff signed up themselves, no one made them do it. They get paid to do a job just like anyone else. The RNLI for instance risk their lives everyday without pay, where's their day of the week for a public clap and saucepan banging competition??
My daughter is in the army, if the country went to war she wouldn't expect applause, neither would any of the armed forces.
If the Thursday farce actually did something practical for the govt purse (like Sir Tom Moore did) it would serve a purpose but all it did was have the ususal lemming effect on the public, one does it others follow..
My daughter is in the army, if the country went to war she wouldn't expect applause, neither would any of the armed forces.
If the Thursday farce actually did something practical for the govt purse (like Sir Tom Moore did) it would serve a purpose but all it did was have the ususal lemming effect on the public, one does it others follow..
Dwh8611 said:
Plus many that are too cautious to spend due to the uncertainty of their jobs hanging by a thread. Whereas the people with the most secure jobs like key workers who we really need to spend to get the economy going again are still getting freebies and huge discounts so not much help their either
What a load of rubbish, lockdown has actually shown us as a family whats important in life, good health, family and friends. We as a family don't miss going out shopping, going to restaurants or even takeaway coffees one bit.I suspect millions of families up and down the country feel the same way. COVID has changed our out look on life completely, even for work virtual meetings now feel totally normal, why drive/fly for hours to a hotel/conference centre when everyone can now just turn on their laptops where ever they are and join in.
I don't see how been a keyworker is of any relevance, now is a time to save and appreciate what's important in life, not waste money on pointless things.
Dwh8611 said:
P.s it’s not just freebie coffees, you can also get massive savings if you look hard enough -
One example is car leasing an Audi A7 40 tdi s line - 2yr lease 10k miles yr
Only £369.99 /month & £1,229.97 /up front for NHS Staff.
Great price for a £49k car.
Or Joe bloggs with job hanging by a thread £443.06 /month & £1,527.19 up front.
A saving of £1978 - so bit more than a cup of coffee!
If your car lease example is comparing NHS salary sacrifice scheme to a normal personal hire scheme you need to put in pension losses into the NHS figures. When you do that you will likely see the NHS salary sacrifice deals are MUCH WORSE than if you just went with a normal deal.
As already mentioned who on earth right now would want to rent a diesel A7 regardless of their job or income???
I hope your job situation is secure, but making keyworkers spend their salary isn't the answer to anything. Most keyworkers have also had a real world drop in pay over the last 2 decades, so don't have that much spending power even if they wanted to.
gangzoom said:
Dwh8611 said:
P.s it’s not just freebie coffees, you can also get massive savings if you look hard enough -
One example is car leasing an Audi A7 40 tdi s line - 2yr lease 10k miles yr
Only £369.99 /month & £1,229.97 /up front for NHS Staff.
Great price for a £49k car.
Or Joe bloggs with job hanging by a thread £443.06 /month & £1,527.19 up front.
A saving of £1978 - so bit more than a cup of coffee!
If your car lease example is comparing NHS salary sacrifice scheme to a normal personal hire scheme you need to put in pension losses into the NHS figures. When you do that you will likely see the NHS salary sacrifice deals are MUCH WORSE than if you just went with a normal deal.
As already mentioned who on earth right now would want to rent a diesel A7 regardless of their job or income???
I hope your job situation is secure, but making keyworkers spend their salary isn't the answer to anything. Most keyworkers have also had a real world drop in pay over the last 2 decades, so don't have that much spending power even if they wanted to.
No it was just a general car lease deal nothing to do with salary sacrifice NHS scheme.
Jeez I have opened a can of worms here
I’m not expecting key workers to go and blow their life savings, I was just trying to say they have more spending power right now having the job security than those having to be cautious as their jobs are at risk. If i wasn’t worried about my job I would continue spending and helping the economy but instead I am saving.
Ps Maybe it’s just me but I wouldn’t mind a diesel A7 on a lease deal with fixed costs and no worries about depreciation?
thepeoplespal said:
My most scary observation of how economic activity has reduced is a 280 mile trip down the M40 and round the M25 at 5pm on a Thursday. It has never been faster with so few lorries and cars.
If cars aren't being used, they aren't going to need replaced. I've had trips at 2am with more traffic. The lack of economic activity after a large loosening of regulations needs some sort of kick start to get things going.
With regards to cars, people are working from home and meetings are being conducted by MS Teams etc do there’s a shed load less need to drive anywhere. Plus many are still on furlough, so it’s not really a surprise that the roads are quiet.If cars aren't being used, they aren't going to need replaced. I've had trips at 2am with more traffic. The lack of economic activity after a large loosening of regulations needs some sort of kick start to get things going.
On the other hand I went to C&M yesterday for breakfast and I was surprised at how busy the roads were on the way back.
Dwh8611 said:
Lol go to hotukdeals for your freebies - coffee and burgers etc.
No it was just a general car lease deal nothing to do with salary sacrifice NHS scheme.
Jeez I have opened a can of worms here
I’m not expecting key workers to go and blow their life savings, I was just trying to say they have more spending power right now having the job security than those having to be cautious as their jobs are at risk. If i wasn’t worried about my job I would continue spending and helping the economy but instead I am saving.
Ps Maybe it’s just me but I wouldn’t mind a diesel A7 on a lease deal with fixed costs and no worries about depreciation?
It's ridiculous because why should those that have historically earned less (we all know that the equivalent private jobs pay way more) are now being told to spend, we're spending money already. Junior Doctor or No it was just a general car lease deal nothing to do with salary sacrifice NHS scheme.
Jeez I have opened a can of worms here
I’m not expecting key workers to go and blow their life savings, I was just trying to say they have more spending power right now having the job security than those having to be cautious as their jobs are at risk. If i wasn’t worried about my job I would continue spending and helping the economy but instead I am saving.
Ps Maybe it’s just me but I wouldn’t mind a diesel A7 on a lease deal with fixed costs and no worries about depreciation?
band 6 pharmacist or band 6 nurse (majority of nurses are band 5) will be on £28k. I'm not going to go through the whole take home pay after pension contributions etc but you get the picture.
We'll buy food, clothes, pay the normal bills and go to the odd restaurant, but we'll certainly not be taking out £50k cars to help boost the economy
Court_S said:
thepeoplespal said:
My most scary observation of how economic activity has reduced is a 280 mile trip down the M40 and round the M25 at 5pm on a Thursday. It has never been faster with so few lorries and cars.
If cars aren't being used, they aren't going to need replaced. I've had trips at 2am with more traffic. The lack of economic activity after a large loosening of regulations needs some sort of kick start to get things going.
With regards to cars, people are working from home and meetings are being conducted by MS Teams etc do there’s a shed load less need to drive anywhere. Plus many are still on furlough, so it’s not really a surprise that the roads are quiet.If cars aren't being used, they aren't going to need replaced. I've had trips at 2am with more traffic. The lack of economic activity after a large loosening of regulations needs some sort of kick start to get things going.
On the other hand I went to C&M yesterday for breakfast and I was surprised at how busy the roads were on the way back.
flibbage0 said:
Dwh8611 said:
Lol go to hotukdeals for your freebies - coffee and burgers etc.
No it was just a general car lease deal nothing to do with salary sacrifice NHS scheme.
Jeez I have opened a can of worms here
I’m not expecting key workers to go and blow their life savings, I was just trying to say they have more spending power right now having the job security than those having to be cautious as their jobs are at risk. If i wasn’t worried about my job I would continue spending and helping the economy but instead I am saving.
Ps Maybe it’s just me but I wouldn’t mind a diesel A7 on a lease deal with fixed costs and no worries about depreciation?
It's ridiculous because why should those that have historically earned less (we all know that the equivalent private jobs pay way more) are now being told to spend, we're spending money already. Junior Doctor or No it was just a general car lease deal nothing to do with salary sacrifice NHS scheme.
Jeez I have opened a can of worms here
I’m not expecting key workers to go and blow their life savings, I was just trying to say they have more spending power right now having the job security than those having to be cautious as their jobs are at risk. If i wasn’t worried about my job I would continue spending and helping the economy but instead I am saving.
Ps Maybe it’s just me but I wouldn’t mind a diesel A7 on a lease deal with fixed costs and no worries about depreciation?
band 6 pharmacist or band 6 nurse (majority of nurses are band 5) will be on £28k. I'm not going to go through the whole take home pay after pension contributions etc but you get the picture.
We'll buy food, clothes, pay the normal bills and go to the odd restaurant, but we'll certainly not be taking out £50k cars to help boost the economy
I’m not saying you have to take out a £50k car to help boost the economy, that was just an example of some of the benefits NHS workers are getting at the moment (in this case £1978 more than non NHS).
Yes I get the picture now - A secure job and a decent wage even after pension contributions
flibbage0 said:
Dwh8611 said:
Plus many that are too cautious to spend due to the uncertainty of their jobs hanging by a thread. Whereas the people with the most secure jobs like key workers who we really need to spend to get the economy going again are still getting freebies and huge discounts so not much help their either
We work long hours wearing face masks, dehydrated, often without A/C trying to save lives and get paid rubbish compared to equivalent professional careers, we don't have the money to spend on the economy, the freebies we get are pants. We want a salary increase not a free coffee or claps. From what I've heard and seen car sales are currently on the up, people are buying and selling this is due to the following:
1. Car economy was shut for a good 2-3 months so that caused a lag
2. People that have a lot of capital tied into a car want to release some equity i.e they have a £50k car and will downsize to a £20k car
3. Redundancy money, people in their 50's and 60's finally splashing out on their dream car (probably a very small minority)
Enforced unnecessary consumerism isn’t the answer. There’s already too many trying to live a fashionable, aspirational and debt fuelled lifestyle beyond their income.
HTP99 said:
I'm loving driving to work in the mornings, since I've been back my 12 mile commute has been taking 20-25 minutes, prior to all this I'd go a different route to avoid the A3 as best I could and it would take 45 minutes to an hour.
Same here, it has been like the summer holidays for the past 6 weeks, no traffic in the mornings but generally busy all day with lots of people who clearly found their licences in a box of corn flakes.As for car prices, my car is saved in the Autotrader part exchange box and it goes up slightly every time I look.
Have been looking at 2 year old sports car prices (4.0 vantage/ 488 / Huracan) for a while as not sure what to get next. General asking prices don’t seem to have changed but cars do disappear from sale quickly.
Deep Thought said:
Indeed 
I dont think it helps that policy has facilitated bad behaviour at all levels. Even the worst of 'austerity' didn't make a dent on the national debt. And at a micro level people spend borrowed money like water, in many cases because house prices etc force them to do so. Little has really changed since 2007/2008 in that way. At some point, surely, there has to be a reckoning? There's also the question of the morality of loading ever more immense amounts of debt onto the unborn etc.ho hum
I’m a key worker on a reasonable salary. I’m also self-employed, and that money has disappeared completely (though the substantial overheads continue).
I’m happy to keep spending pretty much as I did before Covid. I’ve just bought a new suite, will pay for another good holiday to replace the one that got cancelled and still employ tradesmen when needed - but I won’t be taking on major new discretionary expenditure that increases my monthly outgoings for months or years to come (like a new house or new car) anytime soon. Even if I could afford it with the loss of my second income, coronavirus might continue for years on/off and I’m certain that my disposable income is going to reduce through tax grabs from people like me to pay for it all (on top of the reduction I’ve seen over the last 15 years through pension changes and lack of pay rises).
I’m happy to keep spending pretty much as I did before Covid. I’ve just bought a new suite, will pay for another good holiday to replace the one that got cancelled and still employ tradesmen when needed - but I won’t be taking on major new discretionary expenditure that increases my monthly outgoings for months or years to come (like a new house or new car) anytime soon. Even if I could afford it with the loss of my second income, coronavirus might continue for years on/off and I’m certain that my disposable income is going to reduce through tax grabs from people like me to pay for it all (on top of the reduction I’ve seen over the last 15 years through pension changes and lack of pay rises).
Leasing a new foreign built car is hardly going to help the economy is it? The best way of helping the economy is by spending money on services, where a higher proportion of the amount spent goes into the pay of those providing the service. Rishi Sunak has the right idea in providing incentives for people to eat out, perhaps some of this money will find its way back into the car market. I look forward to the day when once again there is an old Jag parked at the back of every pub
Gassing Station | General Gassing | Top of Page | What's New | My Stuff