Your ex lease car priced at main dealers

[cootuk]

Might be funny to see what ex-lease cars end up being priced:

My VW High Up .... £8990

I had this deal on 3+23 at £158pm (silver being a premium colour) =£4108
I believe rrp was around £11500

Mileage 18,885 miles
Fuel Petrol
Transmission Manual
Doors 5
Registration FH65EKE
1st reg. date Dec 2015
Graded condition A by BCA

If someone searches for the reg and comes across this post..check the inside boot sill for a respray that doesn't colour match very well. Must be worth a few quid off.

Edited by cootuk on Friday 29th September 07:10

Edited by cootuk on Friday 29th September 07:10

[Blackpuddin]

I wonder if anybody will be daft enough to buy it. Manufacturers are desperate to boost resale values way above their real values to disguise the fact that they are running an unsustainable PCP business model.

[Mandat]

Blackpuddin said:

I wonder if anybody will be daft enough to buy it. Manufacturers are desperate to boost resale values way above their real values to disguise the fact that they are running an unsustainable PCP business model.

What does this actually mean, in plain English?

[talksthetorque]

Company selling asset with subjective value tries to get as much as they can for it to maximise GP?

[TooMany2cvs]

Mandat said:

Blackpuddin said:

I wonder if anybody will be daft enough to buy it. Manufacturers are desperate to boost resale values way above their real values to disguise the fact that they are running an unsustainable PCP business model.

What does this actually mean, in plain English?

He means that they know it won't sell for that much, because they know punters'll finance a new one instead.

He's clearly not thought that through, because it'd quickly mean dealers would go titsup under the weight and cost of all that unsellable 3yo-and-rapidly-ageing unsellable stock.

[cootuk]

On the plus side, there's a special offer of two free services if you take their finance at 10.9% apr. Probabky minus the brake fluid, air con recharge, coolant change etc

[V8mate]

TooMany2cvs said:

Mandat said:

Blackpuddin said:

I wonder if anybody will be daft enough to buy it. Manufacturers are desperate to boost resale values way above their real values to disguise the fact that they are running an unsustainable PCP business model.

What does this actually mean, in plain English?

He means that they know it won't sell for that much, because they know punters'll finance a new one instead.

He's clearly not thought that through, because it'd quickly mean dealers would go titsup under the weight and cost of all that unsellable 3yo-and-rapidly-ageing unsellable stock.

The likes of BMW and Mercedes have always been very good at not letting cars under 3-4 years old out of the dealer network, and all the other marques have now pretty much caught up with that. This means that they can effectively set the secondhand prices of these cars, and also benefit from finance deals on them which aren't nearly as competitive as those provided on new models.

[Sheepshanks]

Blackpuddin said:

I wonder if anybody will be daft enough to buy it. Manufacturers are desperate to boost resale values way above their real values to disguise the fact that they are running an unsustainable PCP business model.

Well, OP leased - but even so I haven't noticed OTT GFV's. And VW dealer used pricing often seems insane but they do seem to sell, and without much discount. That part is baffling.

[TooMany2cvs]

V8mate said:

TooMany2cvs said:

Mandat said:

Blackpuddin said:

I wonder if anybody will be daft enough to buy it. Manufacturers are desperate to boost resale values way above their real values to disguise the fact that they are running an unsustainable PCP business model.

What does this actually mean, in plain English?

He means that they know it won't sell for that much, because they know punters'll finance a new one instead.

He's clearly not thought that through, because it'd quickly mean dealers would go titsup under the weight and cost of all that unsellable 3yo-and-rapidly-ageing unsellable stock.

The likes of BMW and Mercedes have always been very good at not letting cars under 3-4 years old out of the dealer network, and all the other marques have now pretty much caught up with that. This means that they can effectively set the secondhand prices of these cars, and also benefit from finance deals on them which aren't nearly as competitive as those provided on new models.

I'm sure.

But the manufacturers still can't artificially "boost resale values way above their real values", because nobody HAS to buy a 3yo Jazz or Juke or i30 or whatever. They'll just buy something else instead, and the dealers will not be able to move on their forecourts for all the unsellable chod...