RE: Rocketing secondhand car prices spell good news...
Discussion
PTF said:
I don't get it.
The article starts by saying that used car prices are on the rise (i.e. appreciating)
Then talks about some wisdom that "if it appreciates buy it, if it depreciates lease it".
Then immediately says that it's obviously a good time to lease!!?? Contradictory??
My thoughts exactly, I was just pondering to myself the other day that in the eternal rent or buy debate that those who payed a price not based around the cars anticipated loss of value were sitting pretty. The article starts by saying that used car prices are on the rise (i.e. appreciating)
Then talks about some wisdom that "if it appreciates buy it, if it depreciates lease it".
Then immediately says that it's obviously a good time to lease!!?? Contradictory??
What a load of
w8pmc said:
Defo some truth in it, as i sold my 3 & 1/2yr old Golf R Estate in April for North of £26k, having only paid VWFS £20k for it in Oct 2020 at the end of the 3yr lease.
Similar when i sold the GR Yaris after a few weeks of ownership, but that was of course more down to availability given the lengthening lead times.
These in nearly 30yrs of car ownership are the ONLY times I've either made money on a car, or lost only a nominal amount.
After 3 years of financing and £20k ..... bargainSimilar when i sold the GR Yaris after a few weeks of ownership, but that was of course more down to availability given the lengthening lead times.
These in nearly 30yrs of car ownership are the ONLY times I've either made money on a car, or lost only a nominal amount.
jzma said:
Sure used car prices are up for now - but for how much longer?
When supply chain issues are resolved, low APRs on PCPs introduced and economy back to normal - values will return to normal.
Won't happen for some considerable time probably 2023 at least and used values will stay buoyant thereafter for all the reasons already discussed.When supply chain issues are resolved, low APRs on PCPs introduced and economy back to normal - values will return to normal.
w8pmc said:
Defo some truth in it, as i sold my 3 & 1/2yr old Golf R Estate in April for North of £26k, having only paid VWFS £20k for it in Oct 2020 at the end of the 3yr lease.
Similar when i sold the GR Yaris after a few weeks of ownership, but that was of course more down to availability given the lengthening lead times.
These in nearly 30yrs of car ownership are the ONLY times I've either made money on a car, or lost only a nominal amount.
But is that paying £20k on top of your deposit and 3 years of monthly payments? So what did it really cost before selling for £20k? Surely the only people who win with leasing are still the dealers and finance companies aren’t they?Similar when i sold the GR Yaris after a few weeks of ownership, but that was of course more down to availability given the lengthening lead times.
These in nearly 30yrs of car ownership are the ONLY times I've either made money on a car, or lost only a nominal amount.
rampageturke said:
And yet most US dealers anticipate continuing strengthening demand and price rises to continue. Thats why the bell weather of the US car market Car Max is hiring over 5000 extra staff. This is typical.The UK is a unique and individual market. Julys CAP figures will show similar price increases to May and June continuing the trend.
av185 said:
dean1057 said:
I bought a 18 month old 997.2 GT3 10 years ago and I'm still way up from what I paid. Just saying.
Smart move but Porsche GTs are a unique and specialised niche market.Gassing Station | General Gassing | Top of Page | What's New | My Stuff