Secondhand car price crash?

[anonymous-user]

bencollins4 said:

We don’t need real-world insights from experienced dealers here, Jon. Come back when you have copied and pasted some Daily Mail articles, please. Don’t you realise no-one has any money and we are all drowning in debt living beyond our means?

Ben, please don't take this the wrong way but it would seem that you are living in somewhat of a bubble. An awful lot of people are struggling right now, not even when it comes to buying cars, but simply putting food on the table for their families. I am talking not just about the traditional working class families in deprived areas but also many previously affluent middle class families too. And the article I posted simply highlighted the issue and pointed out that this is set to get worse before it gets better. Sure, there will always be some who can afford the newest and most expensive cars, but thanks to recent government policy, the lockdowns, and general mis-management, the wealth gap in the UK is now at its highest level in generations. Hence the use of food banks is at an all time high I believe.

For you to make light of or dismiss this just shows that you might be a little bit detached from what is happening out there in the real world IMO. Sorry!

[anonymous-user]

trumpton7291 said:

bencollins4 said:

We don’t need real-world insights from experienced dealers here,

Would not an 'experienced dealer' or perhaps indeed anyone connected with selling cars have a vested interest to continually talk up the market?

Oi - tumpton name was taken years ago

[anonymous-user]

Excuse my ignorance, but how do you "side load"?

[anonymous-user]

Seasonal Hero said:

Follow this - dead easy

https://at.liprock.com/install

Thanks SH. I don't understand any of it, but followed the instructions and it works
PH at its best and a pleasant change from some of the bhing...

[anonymous-user]

ACCYSTAN said:

Inflated list price plus manufacturer 7.9% APR, is that not similar to 14.9% ?

I was in a dealership on Thursday having a rare coffee with some of the staff (the place was empty) and one of the sales lads made a good point, the people he felt most sorry for was those who purchased an electric car in 2022 at list price plus high interest APR on a PCP.

But rates were pretty low then. 3.9% on my iPace with 3K cash back. Plus you just hand the car back if it depreciates below GFV.
The ones to feel sorry for were those that bought their cars outright. As I did....

[anonymous-user]

Boleros said:

e-honda said:

Deep Thought said:

In some particular circumstance that may well fall true.

But its not how the VT point is calculated.

Its 50% of the total transaction cost with the finance company, which includes deposit, amount borrowed, interest charges and fees.

Yes I didn't include the deposit, you could have just said that
There is no need for the hyper aggressive couldn't be more wrong attitude.

You got all that through that post? Wow.

e-honda - genuine question...do you struggle to get on with people in real life away from the net?

You seem to be always the one that sticks out at an angle on threads, disagreeing with people and getting offended and/or defensive.

You always seem to be in the tick of an argument. Maybe take a break and relax a bit?

Its just a thread on a car forum

[anonymous-user]

tupak798 said:

I certainly wouldn't touch an EV at present, far too many disadvantages and clearly inferior to ICE.

For example:

Range – particularly this time of year, cold conditions, warm conditions
h ttps :// ww w.fox news.com/video/6345044874112
Charging network, broken chargers, non standardized apps, lack of free chargers, charging time
h ttps: //ww w.dailymail.c o. uk/news/article-11579649/Tesla-owners-blast-Christmas-car-charging-chaos-dozens-forced-wait-THREE-HOUR-queues.html
Weight and handling
Charging in cold conditions
Charging in warm conditions
Tax: Congestion charge exemption ends next year
VED luxury tax payable from next year
Not suitable for longer distances
Battery degradation (yes it is a real issue despite EV loons trying to suggest otherwise with Tesla marketing graphs)
Reliability - in the latest analysis of reliability by Which? 28% of Audi e-tron owners had to have their complete batteries replaced during their ownership ...(Tesla being 17% of Model S and 37% of Model X.)
Fires, Anglesey ban etc
Much higher insurance costs
Soulless white goods

The only benefits I can see are "cheaper" home charging (not for long) and acceleration which I can get with my current V8.

This was the summary from Which.

Looking at cars aged up to four years old, close to a third (31.4%) of electric vehicle (EV) owners said they had experienced at least one fault in the 12 months prior to answering our annual car survey...

But our survey also reveals it's not the electric motor(s) or the big lithium-ion battery packs letting these cars down. The most commonly reported issues in electric cars relate to software problems."

Edited by anonymous-user on Thursday 7th March 15:20

[anonymous-user]

sunnyb13 said:

What’s the sub £5k market saying

Its full of punters wanting a brand new car for fk all?

That's usually the case and they 'all know their rights' etc