Secondhand car price crash?
Discussion
confused_buyer said:
Milemuncher said:
I expect we will see a return to the days of good leasing deals once manufacturers realise that their agency model has some drawbacks in times of limited demand.
They will not want to be seen to be massively discounting list prices but I think they will be comfortable to offload volume via the leasing market.
If they sell brand new cars to leasing companies at a discount and the lease company sells onto end user isn't that basically the leasing company taking the place of a dealer? That's not really a true agency model.They will not want to be seen to be massively discounting list prices but I think they will be comfortable to offload volume via the leasing market.
With the possible exception of the legendary Golf R deal, the very best lease deals tended to be on run out stock / over supply stock.
Milemuncher said:
I expect we will see a return to the days of good leasing deals once manufacturers realise that their agency model has some drawbacks in times of limited demand.
They will not want to be seen to be massively discounting list prices but I think they will be comfortable to offload volume via the leasing market.
Yep leasing, car hire firms, dealer demos, low APR offers all to used as supply release valves. They will not want to be seen to be massively discounting list prices but I think they will be comfortable to offload volume via the leasing market.
I don't like the agency model largely because I think I can do better than the average at getting a deal (as I would expect most people on PH would) but most car 'buyers' just want a something to take them and their smartphone from one place to the next. In that context the agency model works well especially as there is the added ability to hide capital prices in monthly payments with small print that few people read.
Tomanybikes said:
Just saw a Golf R on AT with a total payable of £77.5K absolute bargain. 
Lol, that’s some mark up!I see more R’s about than GTi’s these days but maybe I just notice them more.
I can see the pros and cons of the sticker price being what you pay with no haggle room on new cars but on used I don’t think I’d ever willingly prefer distance buying. I know some are fine with it but it’s just not for me. The VR stuff is interesting but I’ll stick to gaming on it for now. GT7 on the PSVR2 is likely in my near future, a virtual showroom probably isn’t.
I haven’t read this thread in a few weeks but of the few cars I’ve been watching out of interest over that time the prices have stayed the same on the unsold ones and fresh stock is coming on at about the same price give or take a little based on things like spec and mileage. Lots of multiple owner low mileage stuff that I’m assuming is pandemic/lockdown/WFH related.
e-honda said:
Just got a text from WBAC
Avoid the price drop!
Book your appointment here
It's official the the crash is coming
I probably deserve a parrot .Avoid the price drop!
Book your appointment here
It's official the the crash is coming
I currently have my 2021 M135 through their books.
It's a ploy to force you to sell, and have had this message 2 times. Than suddenly its goes up to the original offer .
ThePrisoner said:
I probably deserve a parrot .
I currently have my 2021 M135 through their books.
It's a ploy to force you to sell, and have had this message 2 times. Than suddenly its goes up to the original offer .
I think it is far more likely they are rigging the market and have chosen me to be one of the select few to be let in on it as my reward for occasionally directing people to the little booth when I worked in an office that shared a car park with a WBAC site 7 or 8 years ago.I currently have my 2021 M135 through their books.
It's a ploy to force you to sell, and have had this message 2 times. Than suddenly its goes up to the original offer .
e-honda said:
Just got a text from WBAC
Avoid the price drop!
Book your appointment here
It's official the the crash is coming
Text “stop”.Avoid the price drop!
Book your appointment here
It's official the the crash is coming
Joking, but I’d never let them spam me. My work number is my personal number and it’s my life’s mission to remove low quality call contacts!
.Any site asking for a phone number for no good reason is usually an instant no.
Interesting message though. They’re not stupid and know how some are thinking. It probably will convince the odd waverer to think sell now rather than risk a drop.
skinnyman said:
The problem I see with Merc trying to become more luxury and less mainstream is anything below an E class isn't luxury, the interiors in the A & C class look like they've been designed by teenagers, the sportier models are even worse.
Yes, the Lewis Hamliton effect. Didn't they enter F1 as a constructor in 2010 to appeal to the yoof market? jamei303 said:
skinnyman said:
The problem I see with Merc trying to become more luxury and less mainstream is anything below an E class isn't luxury, the interiors in the A & C class look like they've been designed by teenagers, the sportier models are even worse.
Yes, the Lewis Hamliton effect. Didn't they enter F1 as a constructor in 2010 to appeal to the yoof market? Sunday Drive said:
e-honda said:
Just got a text from WBAC
Avoid the price drop!
Book your appointment here
It's official the the crash is coming
It’s not coming. Avoid the price drop!
Book your appointment here
It's official the the crash is coming
jamei303 said:
skinnyman said:
The problem I see with Merc trying to become more luxury and less mainstream is anything below an E class isn't luxury, the interiors in the A & C class look like they've been designed by teenagers, the sportier models are even worse.
Yes, the Lewis Hamliton effect. Didn't they enter F1 as a constructor in 2010 to appeal to the yoof market? Also Hamilton didn't drive for Mercedes in their first 3 seasons back in F1.
Sample size of one of course, but thought this was a reflection of pricing, even at the "heavy duty" end of the market.
Dec 2019 i looked at this C63 estate at a local BMW dealers - as part of their Premium Used sub-site. It had around 50K miles on it at the time and was up for £18,995, which i do recall that time was at the lower end of pricing at the time.
Roll forward to March this year and the car was traded in to a local BMW dealers with 78k miiles and appeared on their online trade auction site that i still have access to.
From memory, it made around £19,200 + buyers fees of maybe £500.
Its just turned up at another big dealers here - on at £24,995.
https://www.usedcarsni.com/2013-Mercedes-Benz-C-Cl...
So that car is 3+ years older, and UP £6,000 in price.
Dec 2019 i looked at this C63 estate at a local BMW dealers - as part of their Premium Used sub-site. It had around 50K miles on it at the time and was up for £18,995, which i do recall that time was at the lower end of pricing at the time.
Roll forward to March this year and the car was traded in to a local BMW dealers with 78k miiles and appeared on their online trade auction site that i still have access to.
From memory, it made around £19,200 + buyers fees of maybe £500.
Its just turned up at another big dealers here - on at £24,995.
https://www.usedcarsni.com/2013-Mercedes-Benz-C-Cl...
So that car is 3+ years older, and UP £6,000 in price.
Edited by Deep Thought on Saturday 18th March 11:45
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