Chris Harris's Column -- Burst Bubble;Massive Dump;Bargains

[limpsfield]

Classic Welshbeef.

You, and no-one else, is the daddy.

Don’t ever change

[C4ME]

_Leg_ said:

I've not shown any interest in this ULEZ thing as I make a point of not visiting London in any form of transport, but someone on another thread mention it which inspired me to check my two most different cars out. This made me laugh.

F12 6300cc V12 735bhp runs on super unleaded- exempt

1967 Abarth 595cc 27bhp runs on super unleaded - not exempt

Hahaha. Supercars are saving the environment. Wahoo!

I thought anything with a Historic taxation class with includes vehicles over 40 years old are exempt from ULEZ? That is what it seems to say on the ULEZ website and I checked my 1972 car and it is exempt.

[limpsfield]

millen said:

Interesting article by SSO on driving forces in the SC market https://karenable.com/view-on-the-car-market-q2-20...

Enjoyed reading that, thanks for the link.

[_Leg_]

C4ME said:

_Leg_ said:

I've not shown any interest in this ULEZ thing as I make a point of not visiting London in any form of transport, but someone on another thread mention it which inspired me to check my two most different cars out. This made me laugh.

F12 6300cc V12 735bhp runs on super unleaded- exempt

1967 Abarth 595cc 27bhp runs on super unleaded - not exempt

Hahaha. Supercars are saving the environment. Wahoo!

I thought anything with a Historic taxation class with includes vehicles over 40 years old are exempt from ULEZ? That is what it seems to say on the ULEZ website and I checked my 1972 car and it is exempt.

You would think so but I put each of my car’s plates in and the Abarth was £12.50, the F12 exempt. All my classics came up as £12.50, even my 1930 Model A whereas my 11 year old E92 M3 came up exempt.

As it will be no doubt monitored by ANPR connected to a database, and it’s fair to assume the same database the online checker uses, then whatever the classic rule is, you’re gonna get a ticket and we all know how much fun sorting that out would be.

But, as I said, I don’t visit London, I spent enough time there doing business so now I’m retired I swore never to return so I only looked out of curiosity.

Here’s a screenshot...

Edited by _Leg_ on Friday 19th April 22:09

[C4ME]

_Leg_ said:

You would think so but I put each of my car’s plates in and the Abarth was £12.50, the F12 exempt. All my classics came up as £12.50, even my 1930 Model A whereas my 11 year old E92 M3 came up exempt.

As it will be no doubt monitored by ANPR connected to a database, and it’s fair to assume the same database the online checker uses, then whatever the classic rule is, you’re gonna get a ticket and we all know how much fun sorting that out would be.

But, as I said, I don’t visit London, I spent enough time there doing business so now I’m retired I swore never to return so I only looked out of curiosity.

Here’s a screenshot...

Edited by _Leg_ on Friday 19th April 22:09

Now that is interesting as i have just checked mine again and it comes up the same as yours and the charge applies. When I checked at the start of the month it came up as exempt. Something has changed in the last two weeks. However from the official ULEZ page on exemptions it says the following

Historic vehicles
You can apply to stop paying vehicle tax if your vehicle was built more than 40 years ago. This date moves forward on a 40-year rolling system. Assuming the rules stay the same, when the ULEZ launches in April 2019, vehicles built before 1979 will be eligible to apply for historic vehicle tax class.
All vehicles that have a historic vehicle tax class will be exempt from the ULEZ. This tax class excludes any vehicle used commercially (for example, coffee vans or street food vans).
In line with the existing LEZ discount all vehicles registered before 1 January 1973 will be exempt from the ULEZ, regardless of commercial use or otherwise.

SO currently that contradicts the results of the checker !

[aaron_2000]

My point was, when I was 3 you still had a wide variety of cars being released, from the Forester STI to the E46 M3 to the new wave of hot hatches, all of them were different, engines from an NA 6 pot to a big turbo 2.0 boxer 4, each car looked different and was different. Now you have 100 hot hatches, all bar a few with the same 2.0 4 pot, same styling, same performance and only bought on the quality of the lease deal. Now with speed cameras on every single road, speed vans, average speed cameras limiting the motorway to 40mph, and the impending speed limiters, how could you really get into cars? I do wish I'd been around 2 decades earlier so I could've really enjoyed the cars I'm into, the £200 205 GTIs, the throwaway Sierra Sapphires, overboosted RS Turbos, but at least I got into cars on the tailend.

[Cheib]

Saw this pop up...a 675 LT with less than a 1000 miles and a price beginning with a 1. Don’t know enough about them in terms of spec but looks cheap compared to the others advertised

https://www.pistonheads.com/classifieds/used-cars/...

[JeremyBearimy]

If they are registered as historic class they are ULEZ exempt, but the online check is not showing this accurately for all cars at the moment (it was in the classic car weekly newspaper). I would worry that it would still issue a fine, but presumably it should be fairly straight forward to resolve.
I think the only car on my driveway that is exempt is the 54 year old one that still runs on leaded petrol - so thats winning at saving the environment.

[markcoznottz]

Welshbeef said:

Maniac669 said:

Welshbeef said:

aaron_2000 said:

I'd hate to be 3 years old and into cars like I was now.

Just make sure your daddy buys you a decent car so when you 3yo comes of age they have something nice to pedal.

What does my daddy have to do with that?

When you were 3 did he buy you a car and pack it away? If not then irrelevant.

Some daddies do this some no doubt with the 2.7RS touring.



Your point was 3yo stands no chance today - well yes they do daddy can ensure it does. Your no doubt a daddy or to be so make sure you man up and buy said lovely car and V5 it in his o her name

I thought care in the community had ended???

[TobyTR]

TobyTR said:

I always think back to May 2009 - Ferrari 360s and the like with 30k miles dropping to £28k (my neighbour picked up a bargain then!). Similarly although slightly different, a friend at the time only getting £20k for his three-year-old M6 V10 coupe; why he chose to sell at the worst possible time was baffling.

iirc, 612 Scagliettis were around £60k then too.

There will be some bargains to be had over the next 18 months or so, imo. It's been a bubble for far too long

Bump

Latest comments from Chris Harris on twitter suggest the market is starting to unravel again...

[Welshbeef]

TobyTR said:

Bump

Latest comments from Chris Harris on twitter suggest the market is starting to unravel again...

What’s his twitter name? A lot of Chris Harries I can see with a search and adding in monkey does nothing either

[768]

@harrismonkey

[Welshbeef]

768 said:

@harrismonkey

Thanks.
Interesting read really - basically flagging that shmee and others are swimming without speedos on and the tide is going out.

[andy97]

Welshbeef said:

Thanks.
Interesting read really - basically flagging that shmee and others are swimming without speedos on and the tide is going out.

And wtf language is that written in please, so that I can find a “google translate” for it?

[355spiderguy]

andy97 said:

Welshbeef said:

Thanks.
Interesting read really - basically flagging that shmee and others are swimming without speedos on and the tide is going out.

And wtf language is that written in please, so that I can find a “google translate” for it?

[ghost83]

So since he’s been saying it again is the bubble gonna burst? It’s all I’ve heard for over 18 month and whilst car sales seem to be pretty stale I haven’t seen a massive drop yet!

[davek_964]

I think it's generally accepted that the market is dead and most things aren't selling at the moment - and prices are definitely falling. My 360 is certainly worth less than it was a couple of years ago.

Unfortunately, I'm not one of those people who waits for the optimum time to buy. I could get hit by a bus tomorrow - so while some people are waiting for X months because prices will fall even further, it's a buyer's market, I'll be able to pick one up for 50p in the winter blah blah blah - I spend my free time driving a supercar.

[jakesmith]

ghost83 said:

So since he’s been saying it again is the bubble gonna burst? It’s all I’ve heard for over 18 month and whilst car sales seem to be pretty stale I haven’t seen a massive drop yet!

Uncertainty about the future, what with the current precarious political situation, will likely be slowing sales as well as seasonality. But likely at the moment people are still employed and able to keep going with monthly payments / maintenance costs. And asking prices remain optimistic although little sells.

Once there is some certainty or markets / currency / employment / interest rates etc start getting impacted then affected people will be forced to start selling and that’s where the prices will fall or even collapse like last time.

[ghost83]

davek_964 said:

I think it's generally accepted that the market is dead and most things aren't selling at the moment - and prices are definitely falling. My 360 is certainly worth less than it was a couple of years ago.

Unfortunately, I'm not one of those people who waits for the optimum time to buy. I could get hit by a bus tomorrow - so while some people are waiting for X months because prices will fall even further, it's a buyer's market, I'll be able to pick one up for 50p in the winter blah blah blah - I spend my free time driving a supercar.

Whilst I don’t know your financial situation or if you have finance on the 650 the problem comes when ppl live a little beyond their means I wouldn’t want to but a car and finance it at 80-100k for it to lose 20-30k in a few weeks I couldn’t afford to do that I’d rather wait personally

[davek_964]

ghost83 said:

Whilst I don’t know your financial situation or if you have finance on the 650 the problem comes when ppl live a little beyond their means I wouldn’t want to but a car and finance it at 80-100k for it to lose 20-30k in a few weeks I couldn’t afford to do that I’d rather wait personally

I appreciate your concern, but nothing I own is financed.