Secondhand car price crash?
Discussion
RayDonovan said:
My Dad worked for 45 years, always promised to retire and buy a classic Mini. Never retired, dropped dead last year at 65 and his Wife purchased a classic Mini with her inheritance 
.
I was joking with a friend recently. A lot of people seem to be dying young these days. No you’re just getting f.
king old and noticing more.I have a few bucket list cars but at the same time I’d never overstretch myself for the sake of a car. I don’t intend to wait until retirement age, mortgage gone in 5 or so months will be an infection point though. You shouldn’t wish your life away but that monthly makes car payments look like pocket change.
Fckitdriveon said:
RayDonovan said:
Fckitdriveon said:
Deep Thought said:
ChrisH72 said:
I find it interesting that people can't buy these overpriced cars quickly enough. The cars I look at dipped a little in February but have now gone up even more than they were before. They seem to be selling too.
For the time being I'm afraid I am out. Now considering just keeping my perfectly good car a bit longer. With my low mileage it would probably do another 10 years if necessary.
Which is fine, but then you're 10 years older, and you've done without something for 10 years.... to save, what?For the time being I'm afraid I am out. Now considering just keeping my perfectly good car a bit longer. With my low mileage it would probably do another 10 years if necessary.
Granted, i cant recall what you're looking to buy, but unless its £50K-£100K and likely to crash over that time, how much are we really talking about "saving" over that time?
Assuming you’re fairly stable financially and just cautious about what will be, sitting on the fence just gets you splinters.
Although I thoroughly appreciate its different for everyone and some may entirely disagree with the above.
.For some , they will never purchase , it ll always be ‘what if tomorrow’ …..whilst I can’t speak for someone else’s situation , I don’t wanna live my life like that.
I keep telling him to buy it. He's 74 and still consulting on a few jobs, why he wants to keep all that money I've no idea. I would love to see him in his dream car though.
Niponeoff said:
Fckitdriveon said:
RayDonovan said:
Fckitdriveon said:
Deep Thought said:
ChrisH72 said:
I find it interesting that people can't buy these overpriced cars quickly enough. The cars I look at dipped a little in February but have now gone up even more than they were before. They seem to be selling too.
For the time being I'm afraid I am out. Now considering just keeping my perfectly good car a bit longer. With my low mileage it would probably do another 10 years if necessary.
Which is fine, but then you're 10 years older, and you've done without something for 10 years.... to save, what?For the time being I'm afraid I am out. Now considering just keeping my perfectly good car a bit longer. With my low mileage it would probably do another 10 years if necessary.
Granted, i cant recall what you're looking to buy, but unless its £50K-£100K and likely to crash over that time, how much are we really talking about "saving" over that time?
Assuming you’re fairly stable financially and just cautious about what will be, sitting on the fence just gets you splinters.
Although I thoroughly appreciate its different for everyone and some may entirely disagree with the above.
.For some , they will never purchase , it ll always be ‘what if tomorrow’ …..whilst I can’t speak for someone else’s situation , I don’t wanna live my life like that.
I keep telling him to buy it. He's 74 and still consulting on a few jobs, why he wants to keep all that money I've no idea. I would love to see him in his dream car though.
Fckitdriveon said:
RayDonovan said:
Fckitdriveon said:
Deep Thought said:
ChrisH72 said:
I find it interesting that people can't buy these overpriced cars quickly enough. The cars I look at dipped a little in February but have now gone up even more than they were before. They seem to be selling too.
For the time being I'm afraid I am out. Now considering just keeping my perfectly good car a bit longer. With my low mileage it would probably do another 10 years if necessary.
Which is fine, but then you're 10 years older, and you've done without something for 10 years.... to save, what?For the time being I'm afraid I am out. Now considering just keeping my perfectly good car a bit longer. With my low mileage it would probably do another 10 years if necessary.
Granted, i cant recall what you're looking to buy, but unless its £50K-£100K and likely to crash over that time, how much are we really talking about "saving" over that time?
Assuming you’re fairly stable financially and just cautious about what will be, sitting on the fence just gets you splinters.
Although I thoroughly appreciate its different for everyone and some may entirely disagree with the above.
.For some , they will never purchase , it ll always be ‘what if tomorrow’ …..whilst I can’t speak for someone else’s situation , I don’t wanna live my life like that.
We'd pretty much booked to spend some serious money on new equipment and he died ironically on the f
king Golf Course.Problem with buying sports cars in retirement is you're no longer able to get in and out of them.
For me it's not just the money. I can afford to pay today's inflated prices but there doesn't seem to be much out there that inspires me to go and spend it. I've changed cars every 3 years just because, and it's never cost that much to do so. Now the cost to change is quite a lot more it makes me question if its worth it. Certainly for cars I look at a 30% increase since before covid is very Conservative. In some cases its closer to 100%. In 2020 I bought my 2017 ST3 from a Ford dealer for 9k. The 2020 cars I'm now looking at start at 18k. That's a lot to pay for a small upgrade. Not saying I won't do it, but I'm searching quite hard for a suitable car which is worth 10k more than mine and struggling to come up with much. If I had driveway space for a toy that would work but unfortunately where I live it's difficult.
For me it's not just the money. I can afford to pay today's inflated prices but there doesn't seem to be much out there that inspires me to go and spend it. I've changed cars every 3 years just because, and it's never cost that much to do so. Now the cost to change is quite a lot more it makes me question if its worth it. Certainly for cars I look at a 30% increase since before covid is very Conservative. In some cases its closer to 100%. In 2020 I bought my 2017 ST3 from a Ford dealer for 9k. The 2020 cars I'm now looking at start at 18k. That's a lot to pay for a small upgrade. Not saying I won't do it, but I'm searching quite hard for a suitable car which is worth 10k more than mine and struggling to come up with much. If I had driveway space for a toy that would work but unfortunately where I live it's difficult.
I do think it’s a generational thing, my dad is the same.
I think it’s because they’ve lived through some horrendously difficult times such as the 70s and therefore are more conscious of what can happen and how having cash makes those times much easier.
I also think that’s why older people drive significantly slower in the rain, they’re used to 1970s cars which became a death trap when it rained.
I think it’s because they’ve lived through some horrendously difficult times such as the 70s and therefore are more conscious of what can happen and how having cash makes those times much easier.
I also think that’s why older people drive significantly slower in the rain, they’re used to 1970s cars which became a death trap when it rained.
AlexNJ89 said:
I also think that’s why older people drive significantly slower in the rain, they’re used to 1970s cars which became a death trap when it rained.
Hmmm I think it has more to do with poorer sight, slower reactions and decreased confidence really. Plus not being in so much hurry to get anywhere!My dad is 81 now and has always loved cars. He's loaded but he drives a C3 Picasso because its tall, comfortable and fits in his garage. I doubt he'll ever change it.
AlexNJ89 said:
I do think it’s a generational thing, my dad is the same.
I think it’s because they’ve lived through some horrendously difficult times such as the 70s and therefore are more conscious of what can happen and how having cash makes those times much easier.
My Dad too. One theory I heard recently was because that generation were often raised by those who lived through/saw the effects of the depression, so they've had it drilled into them to strive for stability and security rather than taking risks. Many more people had jobs for life when they entered the workplace, unions negotiated/demanded pay increases for their members rather than it falling to the individual, and so on.I think it’s because they’ve lived through some horrendously difficult times such as the 70s and therefore are more conscious of what can happen and how having cash makes those times much easier.
Now we're at the almost complete opposite of the spectrum with all forms of credit normalised and encouraged, and the shift to a rental/service model for items.
AlexNJ89 said:
I do think it’s a generational thing, my dad is the same.
I think it’s because they’ve lived through some horrendously difficult times such as the 70s and therefore are more conscious of what can happen and how having cash makes those times much easier.
I also think that’s why older people drive significantly slower in the rain, they’re used to 1970s cars which became a death trap when it rained.
Wife and I both have memories of rust. Rust so bad you could look through the floor and see the road. We were children but both had parents who have driven some proper death traps with three kids fighting in the back.I think it’s because they’ve lived through some horrendously difficult times such as the 70s and therefore are more conscious of what can happen and how having cash makes those times much easier.
I also think that’s why older people drive significantly slower in the rain, they’re used to 1970s cars which became a death trap when it rained.
Cars have moved on thankfully
.My da has driven some proper bangers, dangerous cars. I love the man but his attitude to all the mod cons doesn’t extend beyond my mother wanting a high up view
.http://www.autotrader.co.uk/car-details/2023031853...
A great example of how hard dealers are trying to sell their cars!
A great example of how hard dealers are trying to sell their cars!
Fckitdriveon said:
Is it a generational thing?
Quite possibly, but not in the way that you're referring to. As you get older, owning things becomes less interesting. I'm some way off pension age but I'm more than happy with my cars each worth four figures, and have no desire to replace them with cars worth five or six figures.plenty said:
Fckitdriveon said:
Is it a generational thing?
Quite possibly, but not in the way that you're referring to. As you get older, owning things becomes less interesting. I'm some way off pension age but I'm more than happy with my cars each worth four figures, and have no desire to replace them with cars worth five or six figures.Edited by Fckitdriveon on Sunday 19th March 10:03
My dad's just too tight.
He's only treated himself once as far as I'm aware and that was a well used XJ40.
Currently has 4 Mitsubishi Delicas (well 2 literally went a couple of weeks back).
Approaching 70 so I don't think he'll buy anything he really wants now.
They're not all like that though, my brothers inlaws have just bought a F430, similar age.
He's only treated himself once as far as I'm aware and that was a well used XJ40.
Currently has 4 Mitsubishi Delicas (well 2 literally went a couple of weeks back).
Approaching 70 so I don't think he'll buy anything he really wants now.
They're not all like that though, my brothers inlaws have just bought a F430, similar age.
ChrisH72 said:
http://www.autotrader.co.uk/car-details/2023031853...
A great example of how hard dealers are trying to sell their cars!
""Vehicle just arrived - Awaiting Vehicle Prep. More details and photos to follow shortly.""A great example of how hard dealers are trying to sell their cars!
LivLL said:
ChrisH72 said:
http://www.autotrader.co.uk/car-details/2023031853...
A great example of how hard dealers are trying to sell their cars!
""Vehicle just arrived - Awaiting Vehicle Prep. More details and photos to follow shortly.""A great example of how hard dealers are trying to sell their cars!
ChrisH72 said:
LivLL said:
ChrisH72 said:
http://www.autotrader.co.uk/car-details/2023031853...
A great example of how hard dealers are trying to sell their cars!
""Vehicle just arrived - Awaiting Vehicle Prep. More details and photos to follow shortly.""A great example of how hard dealers are trying to sell their cars!
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