Secondhand car price crash?
Discussion
duckson said:
Just bought a Fiesta ST Edition (with some nice Mountune extras) at a local Ford dealer, it disappeared from Auto Trader about an hour after I had spotted it and so I went to the dealers page directly where it was still listed for a while longer until it went from there as well.
Contacted them and they told me it hadn’t been sold but they had pulled it temporarily to deal with all the enquiries before things got silly!
How are the prices for the latest ST3 holding up?Contacted them and they told me it hadn’t been sold but they had pulled it temporarily to deal with all the enquiries before things got silly!
Might need an SUV instead
volvos60s60 said:
2. A petrol SUV, which is not viable as too uneconomical
Sorry to hear about your predicament. Are you sure about the above for your 7k miles/ year? After the Tiguan TDI 150 we found that the petrol replacements yielded around 40mpg of mostly urban mileage. Far more on longer runs.nickfrog said:
Sorry to hear about your predicament. Are you sure about the above for your 7k miles/ year? After the Tiguan TDI 150 we found that the petrol replacements yielded around 40mpg of mostly urban mileage. Far more on longer runs.
Not so much a predicament as I'll simply keep the Evoque. It's just I intensely dislike the dishonesty of ULEZ - I know that in truth it's a tax on motorists to pay for the shortfall in TFL passengers post pandemic, and no one in the Mayor's office is honest enough to come out and say that. However, let's not derail this into a pro/anti ULEZ thread,
volvos60s60 said:
nickfrog said:
Sorry to hear about your predicament. Are you sure about the above for your 7k miles/ year? After the Tiguan TDI 150 we found that the petrol replacements yielded around 40mpg of mostly urban mileage. Far more on longer runs.
Not so much a predicament as I'll simply keep the Evoque. It's just I intensely dislike the dishonesty of ULEZ - I know that in truth it's a tax on motorists to pay for the shortfall in TFL passengers post pandemic, and no one in the Mayor's office is honest enough to come out and say that. However, let's not derail this into a pro/anti ULEZ thread,
Fckitdriveon said:
volvos60s60 said:
nickfrog said:
Sorry to hear about your predicament. Are you sure about the above for your 7k miles/ year? After the Tiguan TDI 150 we found that the petrol replacements yielded around 40mpg of mostly urban mileage. Far more on longer runs.
Not so much a predicament as I'll simply keep the Evoque. It's just I intensely dislike the dishonesty of ULEZ - I know that in truth it's a tax on motorists to pay for the shortfall in TFL passengers post pandemic, and no one in the Mayor's office is honest enough to come out and say that. However, let's not derail this into a pro/anti ULEZ thread,
g40steve said:
duckson said:
Just bought a Fiesta ST Edition (with some nice Mountune extras) at a local Ford dealer, it disappeared from Auto Trader about an hour after I had spotted it and so I went to the dealers page directly where it was still listed for a while longer until it went from there as well.
Contacted them and they told me it hadn’t been sold but they had pulled it temporarily to deal with all the enquiries before things got silly!
How are the prices for the latest ST3 holding up?Contacted them and they told me it hadn’t been sold but they had pulled it temporarily to deal with all the enquiries before things got silly!
Might need an SUV instead
volvos60s60 said:
We are into this debate at home re my wife's 2014 Diesel Evoque. Had it from new, 60000 miles, great condition & nothing wrong with it, worth maybe £15K. We live 3 miles outside ULEZ & almost every journey would incur £12.50/day.
So, to my mind as she likes an SUV driving position, we have the following choices:
1. A newer diesel SUV. which is pointless due to likely moving of goalposts on Euro 6 diesels
2. A petrol SUV, which is not viable as too uneconomical
3. An electric SEV - not convinced it's the right option right for us but in any event would need to add £35K to the Evoque to get anything nearly comparable in terms of size & luxury. So on a £50K electric SUV depreciation would be likely say £5K a year mimimum, probably more in the early years
4. We keep the Evoque, pay £12.50 say 4 times a week, which is £2.5K/year.
No. 4, we have decided, is the right answer for us in the current crazy world of car inflation. It's not that we can't afford to change, it's that it simply does not make a good enough case to do so.
I am sure a lot of people are thinking the same way as you, especially if they only use the car once or twice a week. I agree that Euro 6 diesels will be in the firing line sooner or later, they are banning all diesels from Paris from January 2024.So, to my mind as she likes an SUV driving position, we have the following choices:
1. A newer diesel SUV. which is pointless due to likely moving of goalposts on Euro 6 diesels
2. A petrol SUV, which is not viable as too uneconomical
3. An electric SEV - not convinced it's the right option right for us but in any event would need to add £35K to the Evoque to get anything nearly comparable in terms of size & luxury. So on a £50K electric SUV depreciation would be likely say £5K a year mimimum, probably more in the early years
4. We keep the Evoque, pay £12.50 say 4 times a week, which is £2.5K/year.
No. 4, we have decided, is the right answer for us in the current crazy world of car inflation. It's not that we can't afford to change, it's that it simply does not make a good enough case to do so.
I have to say giving the government £50 a week just to drive your car would be enough for me to change, but like you say if you want an SUV then you don't really have a lot of choice.
I ended up going for a Euro 5 car, Euro 5 and Euro 6 standards are the same so it should keep me going for a few years anyway. I suspect that in a couple of years they will announce that Euro 6 diesel and Euro 4 petrol cars will have to pay the charge as well.
I am sure there will be a lot of people who commute to work 5 days a week and will chop their car in for a petrol car rather than pay the £62.50 a week charge.
Personally I wouldn't give the government 1 pence if I could avoid it so I changed car instead. Plus my old shed was getting near the end of it's life at 16 years old so it was a good time to upgrade anyway.
Joey Deacon said:
I am sure a lot of people are thinking the same way as you, especially if they only use the car once or twice a week. I agree that Euro 6 diesels will be in the firing line sooner or later, they are banning all diesels from Paris from January 2024.
I have to say giving the government £50 a week just to drive your car would be enough for me to change, but like you say if you want an SUV then you don't really have a lot of choice.
I ended up going for a Euro 5 car, Euro 5 and Euro 6 standards are the same so it should keep me going for a few years anyway. I suspect that in a couple of years they will announce that Euro 6 diesel and Euro 4 petrol cars will have to pay the charge as well.
I am sure there will be a lot of people who commute to work 5 days a week and will chop their car in for a petrol car rather than pay the £62.50 a week charge.
Personally I wouldn't give the government 1 pence if I could avoid it so I changed car instead. Plus my old shed was getting near the end of it's life at 16 years old so it was a good time to upgrade anyway.
I wouldn't be surprised if the ULEZ expansion cameras get a good kicking when this starts impacting hard pressed families who haven't been able to make the swap.I have to say giving the government £50 a week just to drive your car would be enough for me to change, but like you say if you want an SUV then you don't really have a lot of choice.
I ended up going for a Euro 5 car, Euro 5 and Euro 6 standards are the same so it should keep me going for a few years anyway. I suspect that in a couple of years they will announce that Euro 6 diesel and Euro 4 petrol cars will have to pay the charge as well.
I am sure there will be a lot of people who commute to work 5 days a week and will chop their car in for a petrol car rather than pay the £62.50 a week charge.
Personally I wouldn't give the government 1 pence if I could avoid it so I changed car instead. Plus my old shed was getting near the end of it's life at 16 years old so it was a good time to upgrade anyway.
500TORQUES said:
I wouldn't be surprised if the ULEZ expansion cameras get a good kicking when this starts impacting hard pressed families who haven't been able to make the swap.
https://www.mylondon.news/news/south-london-news/ulez-cameras-stolen-south-london-26517180Which fanny decided to report this ffs??!?
https://streetcare.tfl.gov.uk/report/3782578
g40steve said:
duckson said:
Just bought a Fiesta ST Edition (with some nice Mountune extras) at a local Ford dealer, it disappeared from Auto Trader about an hour after I had spotted it and so I went to the dealers page directly where it was still listed for a while longer until it went from there as well.
Contacted them and they told me it hadn’t been sold but they had pulled it temporarily to deal with all the enquiries before things got silly!
How are the prices for the latest ST3 holding up?Contacted them and they told me it hadn’t been sold but they had pulled it temporarily to deal with all the enquiries before things got silly!
Might need an SUV instead
I probably overpaid for it but it was local and low mileage plus £4k of mainly Mountune bits plus the main dealer is covering everything for 12 months (obviously it's modded so could invalidate the warranty but they are selling it so backing it, they were a Mountune dealer a few years back when that was a thing with Ford).
Theoldguard said:
Your certainly not alone, everyone wants to clear their mortgage and own the house, very few choose to do the same with their cars.
I dunno its funny, like many on here in a position to pay cash, but find it very difficult to hand over the money being asked now and see that account drop by x, and then have that amount of money tied up on the drive way and pulling the next day into the supermarket car park. I also don't like paying interest so tend to lease as it just feels like everything is all rolled into one and you don't really see the interest charges like PCP. If the price is right and it feels value for money I will buy for cash just like I did with my last 2 leases, in the knowldge that after 2 years of leasing from new I was being offered a car at close to 50% less than RRP, that felt like 2 years of interest free motoring and some.
Leasing is paying the lease company's interest on the capital, plus their margin.I dunno its funny, like many on here in a position to pay cash, but find it very difficult to hand over the money being asked now and see that account drop by x, and then have that amount of money tied up on the drive way and pulling the next day into the supermarket car park. I also don't like paying interest so tend to lease as it just feels like everything is all rolled into one and you don't really see the interest charges like PCP. If the price is right and it feels value for money I will buy for cash just like I did with my last 2 leases, in the knowldge that after 2 years of leasing from new I was being offered a car at close to 50% less than RRP, that felt like 2 years of interest free motoring and some.
So not interest free!
911hope said:
Leasing is paying the lease company's interest on the capital, plus their margin.
So not interest free!
Leasing is a rental. How they fund it is not the leasees concern.So not interest free!
But on that note, they will be buying the cars at much bigger discounts, and using funding at much lower rates than an individual can get so pretty much a moot point.
If the figures stacked up it doesn't matter a stuff really.
What The Deuces said:
Fusion777 said:
Seem to be discounts on all new cars on AT now, and many are larger than the last time I looked. Things definitely seem to be heading in the right direction, however slowly.
Discounts on inflated rrps and inflated finance rates. To buy a Duster now, 12 months after I bought mine would cost 16% more and be a slightly lower spec.
And I bought after the price had increased a couple of times.
You can now buy one for nearly £25k, over if you bought a few dealer accessories. Same basic car as the one that would have been about £12k originally.
My old lease cars goes to auction at BCA tomorrow.
2019 VW Arteon Elegance 1.5 DSG with 61k.
The leasing company wanted £17,225 from me to keep it. Bit of a tough one to price as they didn't sell the 1.5 petrol for very long (as it's toss in this car).
There is one on AT with 11k miles but they want £24,300 for it...
2019 VW Arteon Elegance 1.5 DSG with 61k.
The leasing company wanted £17,225 from me to keep it. Bit of a tough one to price as they didn't sell the 1.5 petrol for very long (as it's toss in this car).
There is one on AT with 11k miles but they want £24,300 for it...
New car inflation remained a 6.7 % well below inflation, as it has done throughout this inflation spike.
Unsurprising really as wages haven't kept up with inflation.
Used cars were up 1% but by less than the 1.2% they were down the month before.
I am not surprised to see a bump this month since it is the month the ONS were due to switch methodology, not found any articles confirming they actually did yet.
Unsurprising really as wages haven't kept up with inflation.
Used cars were up 1% but by less than the 1.2% they were down the month before.
I am not surprised to see a bump this month since it is the month the ONS were due to switch methodology, not found any articles confirming they actually did yet.
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