Secondhand car price crash?
Discussion
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!
I'm sure they'll update the photos but in the meantime the car is listed and could sell.
LivLL said:
The Rotrex Kid said:
A conversation I have with my salespeople at least once a week. It doesn’t even need a 10 minute wash, it needs a 2 min cold jetwash running over it. Photo it wet, it’ll still look better than that dogs
t picture.
Didn't realise you ran a car dealership!t picture. 
I bet it does! Fusion777 said:
Deep Thought said:
Well, we'll see. We were supposed to have had the winter of doom there and it pretty much didnt happen.
We can either sit around and worry and always find economic / global gloom on the horizon or we can get on with life, and find a balance.
I'm in the latter camp.
It’s not a case of being gloomy, it’s just being honest about world events. Credit Suisse posted a $7.9bn loss in 2022, have received a huge government bailout and are now on the brink of being taken over. We can either sit around and worry and always find economic / global gloom on the horizon or we can get on with life, and find a balance.
I'm in the latter camp.
Credit Suisse is one of about 30 global banks deemed “too big to fail”. Why is such a stalwart organisation losing so much money if things are rosy?
It’s naive to think that none of this matters- these types of events can easily trigger a huge loss in confidence in the banking system and global economy that ultimately may affect the likes of you and I.
Of course you’ve got to do the best you can as an individual. But I think it’s useful to have an awareness of emerging events and the bigger picture.
And yes, i attempt to do the best i can and will continue to do so, rather than sitting worrying about things that i have no control over that are unlikely to impact me anyway.
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.
Fusion777 said:
nickfrog said:
CS' serious problems started years ago. I am surprised you didn't mention them earlier. 
Didn't want to spoil the used car Thats "salesman" optimism is it?
Granted, buying an M2 might get me a few £K more depreciation and running costs over the next few years than if i'd glumly put the money in to a Eurobox TDI or whatever, but i know which i will rather look back on having done.
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 agree it's generational, finance just was not the thing back then, a mortgage was the only financial product most had, credit cards were rare and so what you earned is all you had and with many jobs back then especially for men often hard graft where you really earned your money. So that money you spent wisely.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 have always said its easier to spend someone else's money then your own which is what your doing when taking finance, your getting something today that you have not had to work for but work to pay back over a number of years.
When my old man finished work he wanted a car to last him, so he bought new for the first time in 60 years with a plan of it lasting 20 years, he wanted to pay cash but I convinced him that pcp and paying off the balance within a few days would work out cheaper due to manufacturers contribution, that was a hard sell.
I certainly think that if everyone had to pay cash there would no longer be this easy come easy go attitude and value would return, people would look to repair things and look for longer term quality / longevity. Finance on the scale we have now has certainly eroded alot of this.
I don't see any harm if a return to high IR and harder to obtain finance, it's been easy for too long.
Deep Thought said:
Fusion777 said:
Deep Thought said:
Well, we'll see. We were supposed to have had the winter of doom there and it pretty much didnt happen.
We can either sit around and worry and always find economic / global gloom on the horizon or we can get on with life, and find a balance.
I'm in the latter camp.
It’s not a case of being gloomy, it’s just being honest about world events. Credit Suisse posted a $7.9bn loss in 2022, have received a huge government bailout and are now on the brink of being taken over. We can either sit around and worry and always find economic / global gloom on the horizon or we can get on with life, and find a balance.
I'm in the latter camp.
Credit Suisse is one of about 30 global banks deemed “too big to fail”. Why is such a stalwart organisation losing so much money if things are rosy?
It’s naive to think that none of this matters- these types of events can easily trigger a huge loss in confidence in the banking system and global economy that ultimately may affect the likes of you and I.
Of course you’ve got to do the best you can as an individual. But I think it’s useful to have an awareness of emerging events and the bigger picture.
And yes, i attempt to do the best i can and will continue to do so, rather than sitting worrying about things that i have no control over that are unlikely to impact me anyway.
Looks like the CS deal with UBS has just been done.
LivLL said:
I know but its not a new phenomenon that somehow shows the state of the market.
I'm sure they'll update the photos but in the meantime the car is listed and could sell.
Ridiculous though when you think about it, so why are they able to charge so much more if they're not even preparing the vehicle?I'm sure they'll update the photos but in the meantime the car is listed and could sell.
Just because they give a 6 month warranty which a majority of them will not honour
MrManual said:
LivLL said:
I know but its not a new phenomenon that somehow shows the state of the market.
I'm sure they'll update the photos but in the meantime the car is listed and could sell.
Ridiculous though when you think about it, so why are they able to charge so much more if they're not even preparing the vehicle?I'm sure they'll update the photos but in the meantime the car is listed and could sell.
Just because they give a 6 month warranty which a majority of them will not honour
It lets sellers know its there, and maybe generates some interest while its awaiting prep.
Deep Thought said:
They are going to prepare it, just putting a pic up of it as it arrived in, whilst they're doing so.
It lets sellers know its there, and maybe generates some interest while its awaiting prep.
The issue is many dealers I have seen just use the BCA photos, even a week after listing!It lets sellers know its there, and maybe generates some interest while its awaiting prep.
That's pure laziness!
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!
I'm amazed they can make a judgement on the bodywork before they've cleaned it.
Deep Thought said:
They are going to prepare it, just putting a pic up of it as it arrived in, whilst they're doing so.
It lets sellers know its there, and maybe generates some interest while its awaiting prep.
There's no excuse for not getting it cleaned before taking photos. For the sale of 3 or 4 hours, get it cleaned before putting it online. That screams of not giving a sIt lets sellers know its there, and maybe generates some interest while its awaiting prep.
t, I'd go loopy if my guys did thatFast Bug said:
Deep Thought said:
They are going to prepare it, just putting a pic up of it as it arrived in, whilst they're doing so.
It lets sellers know its there, and maybe generates some interest while its awaiting prep.
There's no excuse for not getting it cleaned before taking photos. For the sale of 3 or 4 hours, get it cleaned before putting it online. That screams of not giving a sIt lets sellers know its there, and maybe generates some interest while its awaiting prep.
t, I'd go loopy if my guys did thatI used to just put up a "coming soon"
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