What's holding, dropping or rising?

[Earthdweller]

JaredVannett said:

Yomamaisasnowblower said:

http://www.autotrader.co.uk/car-details/2023120746...

Not a bad price for something which is not too old, well equipped and not a bad steer. Description however states the car is ex-Enterprise and as we all know, nothing is faster than a rental car...

Question for all ... as far as I'm aware there is no such thing as a "Ex-Rental" marker.

So assuming the advert description and paperwork for a vehicle do not mention ex-rental - what are the telltale signs a car may have been part of such a fleet? (non rental cars can have shag**ed squeaky suspension too )

I’ve bought a couple of ex rental cars in the past, both from motorpoint and less than a year old with around 9k on the clock, for a significant saving

One, a Passat highline TDI was ex Hertz and the other an Astra was ex enterprise. Had zero issues/problems with either of them

I do think it’s a bit of an urban myth that every rental car is ragged to death daily and dies an horrific death the moment it’s sold on

Whenever I rent a car I’m almost more careful with it than with my own due to the excesses and my wife would be renting cars at airports through her work very regularly and she would just treat it normally

Like anything have a good look at it before committing to buy

[sixor8]

JNW1 said:

If it's being sold as a one owner car the paperwork (in the form of the V5) will have to disclose the previous owner in which case it should become evident it was a hire company - whether prospective owners insist on seeing the V5 prior to purchase is another matter though!

But if a car's had multiple owners - and the first was a hire company - then you're right, as far as I'm aware that wouldn't be evident from the V5 or any other paperwork; I think the V5 shows only the current and previous keepers so if you're prospective owner number four or later you won't get to see who the first owner was. However, that's likely to be several years and quite a few miles down the line so presumably any issues arising from it being a rental car originally would have become evident and been resolved?

V5c document issued for several years now no longer show the previous owners details, just the number of them only. Some data thing dontcha know. The current one is on there of course.

[ABMA]

SFTWend said:

I started looking at F Type Rs around October and they have dropped c.10% since then.

Early cars, like the red one posted, don't come with a manufacturer approved warranty, despite what the ad says. Only cars up to 7 years old qualify.

Was not aware that 7 years old Jags don’t qualify for the approval used warranty scheme, interesting.

[JaredVannett]

JNW1 said:

If it's being sold as a one owner car the paperwork (in the form of the V5) will have to disclose the previous owner in which case it should become evident it was a hire company - whether prospective owners insist on seeing the V5 prior to purchase is another matter though!

But if a car's had multiple owners - and the first was a hire company - then you're right, as far as I'm aware that wouldn't be evident from the V5 or any other paperwork; I think the V5 shows only the current and previous keepers so if you're prospective owner number four or later you won't get to see who the first owner was. However, that's likely to be several years and quite a few miles down the line so presumably any issues arising from it being a rental car originally would have become evident and been resolved?

Earthdweller said:

I’ve bought a couple of ex rental cars in the past, both from motorpoint and less than a year old with around 9k on the clock, for a significant saving

One, a Passat highline TDI was ex Hertz and the other an Astra was ex enterprise. Had zero issues/problems with either of them

I do think it’s a bit of an urban myth that every rental car is ragged to death daily and dies an horrific death the moment it’s sold on

Whenever I rent a car I’m almost more careful with it than with my own due to the excesses and my wife would be renting cars at airports through her work very regularly and she would just treat it normally

Like anything have a good look at it before committing to buy

Thanks - very interesting points!

[Wilmslowboy]

sixor8 said:

JNW1 said:

If it's being sold as a one owner car the paperwork (in the form of the V5) will have to disclose the previous owner in which case it should become evident it was a hire company - whether prospective owners insist on seeing the V5 prior to purchase is another matter though!

But if a car's had multiple owners - and the first was a hire company - then you're right, as far as I'm aware that wouldn't be evident from the V5 or any other paperwork; I think the V5 shows only the current and previous keepers so if you're prospective owner number four or later you won't get to see who the first owner was. However, that's likely to be several years and quite a few miles down the line so presumably any issues arising from it being a rental car originally would have become evident and been resolved?

V5c document issued for several years now no longer show the previous owners details, just the number of them only. Some data thing dontcha know. The current one is on there of course.

Dealers have to explicitly state if it is ex-rental (in the advert), Pendragon got fined over £100k a few years ago for simply advertising a car (the customer that raised the complainant to trading stds didn't even buy it).

I think the expression is "multiple users", although this is based on training received 5+ years ago.

[soupdragon1]

Earthdweller said:

I’ve bought a couple of ex rental cars in the past, both from motorpoint and less than a year old with around 9k on the clock, for a significant saving

One, a Passat highline TDI was ex Hertz and the other an Astra was ex enterprise. Had zero issues/problems with either of them

I do think it’s a bit of an urban myth that every rental car is ragged to death daily and dies an horrific death the moment it’s sold on

Whenever I rent a car I’m almost more careful with it than with my own due to the excesses and my wife would be renting cars at airports through her work very regularly and she would just treat it normally

Like anything have a good look at it before committing to buy

Anytime I'm in a rental it's because of work, flown in somewhere, need a car. I'm just joining the traffic like everyone else, so no chance to rake it around, even if I wanted to. And it's not like I'm renting a sports car, so I just use it as most would use it, to get me from A to B.

I did chuckle dropping a car back off once though. These young lads were getting a stern word about the car they returned.

'The car stinks of weed mate, you're not supposed to smoke drugs in the car, how are we supposed to get rid of the smell now? It's stinking!'

[Square Leg]

Many years ago we bought an ex rental Fiesta 1.1LX.
Great car and no issues for the 3 or so years we had it.
That said, it was a rental from Jersey…

[Jiebo]

E-golfs starting to look ok value, if you just potter around town to the shops and back and have a driveway.

https://www.cazoo.co.uk/car-details/245f74e8-b27a-...

[golfer19]

Jiebo said:

E-golfs starting to look ok value, if you just potter around town to the shops and back and have a driveway.

https://www.cazoo.co.uk/car-details/245f74e8-b27a-...

What sort of real world range have these Golfs got.

[scot_aln]

Jiebo said:

E-golfs starting to look ok value, if you just potter around town to the shops and back and have a driveway.

https://www.cazoo.co.uk/car-details/245f74e8-b27a-...

You can also buy a petrol or diesel one for the same kind of price. They are a bit more of a known quantity as they age.

[South tdf]

Jiebo said:

E-golfs starting to look ok value, if you just potter around town to the shops and back and have a driveway.

https://www.cazoo.co.uk/car-details/245f74e8-b27a-...

They seem to have stabilised or even gone up in price a bit this year or we got lucky when we purchased a 69 reg from VW dealers in May for my SIL to use and paid under £13,000

Apparently it has the optional heat pump which is a big thing on these. In a full charge it shows 120 miles but the range is probably closer to 80.

[Jiebo]

scot_aln said:

You can also buy a petrol or diesel one for the same kind of price. They are a bit more of a known quantity as they age.

Had a quick look, like for like including an auto box and similar spec, there seems to be about a 2k premium for petrol.

eg
https://www.cargiant.co.uk/car/volkswagen/golf/GM1...

In 5 years time, that petrol will likely be worth 5-6k, but a fair point about the EV. If it's 3-4k then there isn't much in it accounting for the lower purchase price and cost to run, however if in 5 years the EV is worth £2k then maybe not.

Edited by Jiebo on Wednesday 27th December 11:00

[Fusion777]

Jiebo said:

Had a quick look, like for like including an auto box and similar spec, there seems to be about a 2k premium for petrol.

eg
https://www.cargiant.co.uk/car/volkswagen/golf/GM1...

In 5 years time, that petrol will likely be worth 5-6k, but a fair point about the EV. If it's 3-4k then there isn't much in it accounting for the lower purchase price and cost to run, however if in 5 years the EV is worth £2k then maybe not.

Edited by Jiebo on Wednesday 27th December 11:00

Seems like finance rates are going up. 14.9% APR there. The dealer/group V12 was advertising at 15.9% yesterday!

[Sheepshanks]

South tdf said:

They seem to have stabilised or even gone up in price a bit this year or we got lucky when we purchased a 69 reg from VW dealers in May for my SIL to use and paid under £13,000

Apparently it has the optional heat pump which is a big thing on these. In a full charge it shows 120 miles but the range is probably closer to 80.

I was chewing the fat with a small garage owner and said e-Golf would suit a lot of people rather than the weird stuff VW has now, He took me to the next door unit and there was his e-Golf on charge! I didn't realise the range was that low though - it must be best part of 40 miles to his house so sounds like he'd be pushing it (possibly literally!) on the round trip.

[Terzo123]

Ive been keeping an eye on RX450's 2019 onwards for the past few months or so.

There had been a decent drop in price of around 10%, However they have started to creep back up a bit, and cars that went on sale in the past few weeks have went up a fair bit. A couple Initially advertised for around 33k and are now up at 37k.

Maybe dealers were too quick to drop the price or listed them too low to begin with.

Im hoping they drop again. Quite fancy getting one around the summer time.

[Auto810graphy]

Interestingly Lotus seem to be having a little clear out of Eletre models buy putting a batch onto a trade platform which heavily undercuts the current cars in the market. An example is a 1500 mile 73 plate 675kwh for £94k, or about £40k off new price.

[Seasonal Hero]

Auto810graphy said:

Interestingly Lotus seem to be having a little clear out of Eletre models buy putting a batch onto a trade platform which heavily undercuts the current cars in the market. An example is a 1500 mile 73 plate 675kwh for £94k, or about £40k off new price.

And still about £40k more than it should be.

[200Plus Club]

66 Lotus Emiras on AT now from £65k including 3 brand new unregistered at list price £87k
Spring might prop them up a bit, once they hit high 50s I think they'll be a bargain.

[MrSpanky49]

Yikes.

[pb8g09]

MrSpanky49 said:

Yikes.

I’d be more excited if it was an M8.

These sorts of discounts were always common with BMW- I remember when people were getting sub £30k great spec M135/140is brand new.