Used FE prices
Discussion
I note the WBAC price is £58k on a 23 plate car with barely any miles. Not the most accurate of price estimation tools but an indication none the less.
Has anyone tried to get a dealer to buy back their car? I’ve heard rumour dealers won’t bid on them on account of new cars being easy to come by?
I haven’t seen a used car drop below £70k as yet but it would seem likely that cars will have to go sub £65k by February assuming the owner wants the car gone.
Strange to see so many almost new cars for sale as is. Those who ordered thinking they could flip for a profit must have realised that wasn’t going to happen. If the monthlies were going to be to punchy, why would you take delivery then look to offload almost immediately.
I suspect a lot of people have these earmarked as a buy when closer to £60k. Wonder how long that will be?
Has anyone tried to get a dealer to buy back their car? I’ve heard rumour dealers won’t bid on them on account of new cars being easy to come by?
I haven’t seen a used car drop below £70k as yet but it would seem likely that cars will have to go sub £65k by February assuming the owner wants the car gone.
Strange to see so many almost new cars for sale as is. Those who ordered thinking they could flip for a profit must have realised that wasn’t going to happen. If the monthlies were going to be to punchy, why would you take delivery then look to offload almost immediately.
I suspect a lot of people have these earmarked as a buy when closer to £60k. Wonder how long that will be?
Not too long.
Brent oil price is at 90 dollars again so the ever so convenient drops in the inflation rate are going to cease so the interest rates are definitely staying as they are or even going higher to kill inflation.
All these cars mostly float on a sea of finance. Emira novelty factor is waiting. There will be the Cayman out in a years time powered by electrons and AI. Hell, even 911's are sliding and new car delivery times are shortening.
It takes ages for people to roll out of their mortgage deal into the new reality. But the new reality will last for a few years yet and with it the affordability of car finance after mortgages and just living will bite hard. Nobody NEEDS a £70k two seat car with a chunky insurance and tax annual bill. If it's the Lotus or the family holiday next year the Mrs will see to it that the Lotus goes.
Car prices have never not crashed when property prices are dropping. And they ARE dropping.
Brent oil price is at 90 dollars again so the ever so convenient drops in the inflation rate are going to cease so the interest rates are definitely staying as they are or even going higher to kill inflation.
All these cars mostly float on a sea of finance. Emira novelty factor is waiting. There will be the Cayman out in a years time powered by electrons and AI. Hell, even 911's are sliding and new car delivery times are shortening.
It takes ages for people to roll out of their mortgage deal into the new reality. But the new reality will last for a few years yet and with it the affordability of car finance after mortgages and just living will bite hard. Nobody NEEDS a £70k two seat car with a chunky insurance and tax annual bill. If it's the Lotus or the family holiday next year the Mrs will see to it that the Lotus goes.
Car prices have never not crashed when property prices are dropping. And they ARE dropping.
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