Sadly selling due to crisis
Discussion
Julian Thompson said:
There seems to be more excitement from people waiting to hoover up a bargain than there does movement from people who supposedly have to sell these things.
That’s a worry for me - making money (in my limited experience) just is rarely so simple.
There is a distinct possibility that the “hoovers” might be less smug when the taxation bites to pay for this, later. I suspect no stone unturned from .gov and even - no wait, - especially - if you’re able to contribute proudly to the “how much cash in my house and all my pension pots and businesses and investments and inheritances” thread then, in fact, YOU are the target for the chancellor. No point asking a load of redundant travel agents for cash, is it?
Agree with your first point, I've had an SL500 up for sale for a few months (awkward location for most people to visit and no one visiting now). Was offered a few times a little below my acceptance price (rather than asking price) and refused. Now I'm getting offers by email offering virtually half my asking price! Hard to write f-off politely.That’s a worry for me - making money (in my limited experience) just is rarely so simple.
There is a distinct possibility that the “hoovers” might be less smug when the taxation bites to pay for this, later. I suspect no stone unturned from .gov and even - no wait, - especially - if you’re able to contribute proudly to the “how much cash in my house and all my pension pots and businesses and investments and inheritances” thread then, in fact, YOU are the target for the chancellor. No point asking a load of redundant travel agents for cash, is it?
Re your last paragraph, this is all going to end with a big bill for HM Govt. as a pensioner, I've already seen my available fund depleted by about 20%. That has to last me until I'm underground. No doubt you are correct and those who have worked hard all their lives, saved, been frugal, not wasted money on cigarettes, alcohol, expensive foreign holidays, tattoos etc are going to get stuffed once again whilst those who have not worked, scrounged, blown every penny will escape the clawback.
I've seen it all my adult life and it really gets me down. (First MIL worked hard as a nurse in a childrens hospital and first FIL worked all his life bricklaying). They paid full council house rent while the couple down the street rented an identical house for about 30% of what they were paying.
MDL111 said:
With regards to the market - I have been thinking for the last 3-4 years that most cars are ridiculously overvalued thanks to low interest rates and the supposed investment value of cars (self fulfilling prophecy imo, which can turn sour wry quickly). Demand (and prices) has already been decreasing steadily (if slowly) for a good while on most cars and I suspect this crisis will lead to a substantial realignment esp. for all that stuff that is not even particularly rare (am thinking pretty much all modern “limited” cars post 2010 when production was ramped up as well as most standard cars that pre-date that but still increased substantially). In the long run, I think there is a case to be made that race cars that are eligible for historic events (Goodwood, spa, Le Mans, Mille, targa etc) will continue to appreciate as opportunities to drive (sports)cars on the road will become fewer and fewer over the next decade or two, at least in a way that can be called “fun”
Good luck to the guys selling and also to the guys buying - maybe we will get back to a world where depreciation is a given and people start judging cars more on merit than future financial performance again
Your views mirror my own. Good luck to the guys selling and also to the guys buying - maybe we will get back to a world where depreciation is a given and people start judging cars more on merit than future financial performance again
Regardless of market conditions or economic sentiment, simple supply and demand shows the vast number of supercars produced since post 2008/2009/2010 to be enormous when contrast to years before. Cheap pcp deals have allowed the numbers to swell where anyone with a YouTube channel buys some exotic. The production numbers are incredible as against previous years for these top end manufacturers. Plus of course the main ‘flood the market/cheap finance’ manufacturer wasn’t even producing cars in 2010..
niggtv said:
CharlesdeGaulle said:
I think we're in general agreement, apart from niggtv who's convinced we're talking b
ks.
Sorry, I worded poorly/bluntly, but people often twist the numbers for a point. The first post suggested that "a friend" in the trade was offering it to him for £18k. Perhaps this friend wasnt that much of a friend if he was trying to wash Phib for the extra £5k? Unless it was utterly f*cked, then a 1 day auction on eBay would've got over £18k...so it seems unlikely that the best the trade can achieve anywhere is £13k. Even early ones are selling on eBay for over £20k over the past week. BCA cars are still selling on buy it now at around CAP clean, the CCA (classic) auctions still show some strong prices, and a couple of other options I'm looking at still seem to be fairly unscathed.ks. I sold my 'expensive' car a month ago (not with any foresight, just good timing!). If the right replacement car comes up now, I'll still buy it and am not fussed about trying to play the market. I'm looking to fairly long term ownership, it's a car I've been wanting for ages, and even increased short term depreciation is still going to be less than I'd pay on a new one.
I'm not saying that prices wont drop, but this and a couple of other threads seem to be excitedly talking down prices - with plenty of people hanging on to gleefully benefit from others' misfortunes.....it's very PH.
Phib
Phib, I'm really not trying to be awkward, but I just don't understand what those two screenshots of a 997 show; a difference between a p/ex price and a retail price? What part of what I said does this respond to?
All BCA cars are now buy-it-now, visible on a trade account I have access to via a family member. They're still generally being priced at or around CAP clean, and 2 of the 3 I'd saved have sold in the past couple of days. Obviously it's unlikely that CAP clean doesn't drop in the coming weeks (but I guess the argument currently is that the market is essentially on hold).
All BCA cars are now buy-it-now, visible on a trade account I have access to via a family member. They're still generally being priced at or around CAP clean, and 2 of the 3 I'd saved have sold in the past couple of days. Obviously it's unlikely that CAP clean doesn't drop in the coming weeks (but I guess the argument currently is that the market is essentially on hold).
niggtv said:
Phib, I'm really not trying to be awkward, but I just don't understand what those two screenshots of a 997 show; a difference between a p/ex price and a retail price? What part of what I said does this respond to?
All BCA cars are now buy-it-now, visible on a trade account I have access to via a family member. They're still generally being priced at or around CAP clean, and 2 of the 3 I'd saved have sold in the past couple of days. Obviously it's unlikely that CAP clean doesn't drop in the coming weeks (but I guess the argument currently is that the market is essentially on hold).
My point was if there is a £19k retail vantage its trade price is likely to be about £13 / £14 k at trade. All BCA cars are now buy-it-now, visible on a trade account I have access to via a family member. They're still generally being priced at or around CAP clean, and 2 of the 3 I'd saved have sold in the past couple of days. Obviously it's unlikely that CAP clean doesn't drop in the coming weeks (but I guess the argument currently is that the market is essentially on hold).
The friend in the trade was trying to get £18k out of me giving me a 'discount' of £1k.
On the day couldn't get anywhere near £18k and took £13k which was cap minus about £2k from memory,
Does that make sense ?
I'm not trying to be awkward but if you can see cap from your family friend account the you know the spread is £4K normally on something like this hence way the Aston was £13k
So the 'saving' over cap for these crap times was roughly £2k for someone who needed cash
Astons are usually under cap anyway as up you will see from BCA
Had the user name since 2002 can't change it now !!
Phib
Was only a little nod to the username Phib 
The Vantages have got dirt cheap but yet to see anything remotely that cheap I must say (not doubting really, just an observation). There was an early car with high miles on ebay that bidded up to about £17.6k this week (it might now be relisted in fact). It didn't hit reserve but goes to show even in this market there were unsighted bids up to what your mate wanted for the car at trade price. Seems he let it go well below what the general market would have paid for it to be honest.
I wrote the value of my own off when it dropped below £25k on the basis that it was never worth letting go of - the cash value is just not worth having when I look at what I would have to pay to get something remotely equivalent. Might as well keep it as a daily snotter and add rather than replace.
The Vantages have got dirt cheap but yet to see anything remotely that cheap I must say (not doubting really, just an observation). There was an early car with high miles on ebay that bidded up to about £17.6k this week (it might now be relisted in fact). It didn't hit reserve but goes to show even in this market there were unsighted bids up to what your mate wanted for the car at trade price. Seems he let it go well below what the general market would have paid for it to be honest.
I wrote the value of my own off when it dropped below £25k on the basis that it was never worth letting go of - the cash value is just not worth having when I look at what I would have to pay to get something remotely equivalent. Might as well keep it as a daily snotter and add rather than replace.
This is the one.
Aside of course shill bidding conspiracies, the real world bids would be an indicator of market value unlike advertised prices.
https://www.ebay.co.uk/itm/392746798610?ViewItem=&...
Aside of course shill bidding conspiracies, the real world bids would be an indicator of market value unlike advertised prices.
https://www.ebay.co.uk/itm/392746798610?ViewItem=&...
Shnozz said:
This is the one.
Aside of course shill bidding conspiracies, the real world bids would be an indicator of market value unlike advertised prices.
https://www.ebay.co.uk/itm/392746798610?ViewItem=&...
Are you saying shill bidding doesn't exist and it's all just a big conspiracy?Aside of course shill bidding conspiracies, the real world bids would be an indicator of market value unlike advertised prices.
https://www.ebay.co.uk/itm/392746798610?ViewItem=&...
I've been looking at small vans (Transit connect LWB, Renault Kangoo Maxi in the 3-7k range) for a while now and haven't seen any movement south on the pricing yet.
Even vans that have been on the market for 2 months plus are still priced the same.
Maybe they're holding firm thinking things will pick up again but then again, it looks like lots of business are going to fold or at least scale back on costs.
Even vans that have been on the market for 2 months plus are still priced the same.
Maybe they're holding firm thinking things will pick up again but then again, it looks like lots of business are going to fold or at least scale back on costs.
ghost83 said:
Where do you see the trade valuations, can you see them on phone or is it desktop only
I think that second pic is just the free valuation tool on Autotrader, not a trade valuation tool. If you input the actual mileage of the 997, it will be more than that screenshot suggests - probably a shade over £14k for p/x and nearer £17k private sale (if anyone were buying atm!).
Edited to add screenshot - it's Autotrader....just select the 'free valuation' tab on the homepage:
Edited by niggtv on Sunday 5th April 17:29
greggy50 said:
phib said:
Do you have to be a dealer to access the above? I have not seen buy it now prices offered on auction cars before.That 997 is also on autotrader at £28,900
Phib
phib said:
greggy50 said:
phib said:
Do you have to be a dealer to access the above? I have not seen buy it now prices offered on auction cars before.That 997 is also on autotrader at £28,900
Phib
coming at this from a different angle who thinks we will see many who take their car off the road or never return it to the road and sell it and go car less after this lockdown if that isnt going too far off topic? i suspect there will be many countin g how uch extra cash they have in their pocket because of not lashng out for petrol or other costs including monthlies on those that do not own outright. youve got to be talking about big numbers.
Gassing Station | General Gassing | Top of Page | What's New | My Stuff