Older cars holding value well?
Discussion
Is it just me or do cars in general seem to be holding their prices well? I've been looking for a while now, months, at hot hatches and they just don't seem to drop in price all that much.
As I'm a rather poor person and my budget is sub 10k, it just seems nothing really drops; or should I say a lot of people want top dollar for poor condition/maintained cars!
Is it just me expecting things to be cheap as chips, in relation to age/mileage, or has anyone else noticed this?
As I'm a rather poor person and my budget is sub 10k, it just seems nothing really drops; or should I say a lot of people want top dollar for poor condition/maintained cars!
Is it just me expecting things to be cheap as chips, in relation to age/mileage, or has anyone else noticed this?
From my procrastination on autotrader. Bigger Engined N/A older cars are going up in value really well or at minimum holding.
E46 +E9x M3, B7 RS4, 147 GTA, Golf R32, Golf VR6's,
Older Pugs 106 GTIs and 306 GTI-6s 205s etc are going up as long as they are unmodified. Most of them are 'cammed'
I think people are wanting a car that feels analogue and are willing to pay for it.
Just my 2 Pence
E46 +E9x M3, B7 RS4, 147 GTA, Golf R32, Golf VR6's,
Older Pugs 106 GTIs and 306 GTI-6s 205s etc are going up as long as they are unmodified. Most of them are 'cammed'
I think people are wanting a car that feels analogue and are willing to pay for it.
Just my 2 Pence
zafbandicoot said:
From my procrastination on autotrader. Bigger Engined N/A older cars are going up in value really well or at minimum holding.
E46 +E9x M3, B7 RS4, 147 GTA, Golf R32, Golf VR6's,
Older Pugs 106 GTIs and 306 GTI-6s 205s etc are going up as long as they are unmodified. Most of them are 'cammed'
I think people are wanting a car that feels analogue and are willing to pay for it.
Just my 2 Pence
I'd agree with that from what I've seen with the E46/E90 petrols. E46 manuals are commanding stupid money and E90 petrols are rock solid. Was expecting decent E90 330i's to be around the 5k now.E46 +E9x M3, B7 RS4, 147 GTA, Golf R32, Golf VR6's,
Older Pugs 106 GTIs and 306 GTI-6s 205s etc are going up as long as they are unmodified. Most of them are 'cammed'
I think people are wanting a car that feels analogue and are willing to pay for it.
Just my 2 Pence
Was hoping to jump into an E92 30i but they won't fall unfortunately.
zafbandicoot said:
From my procrastination on autotrader. Bigger Engined N/A older cars are going up in value really well or at minimum holding.
E46 +E9x M3, B7 RS4, 147 GTA, Golf R32, Golf VR6's,
Older Pugs 106 GTIs and 306 GTI-6s 205s etc are going up as long as they are unmodified. Most of them are 'cammed'
I think people are wanting a car that feels analogue and are willing to pay for it.
Just my 2 Pence
What does cammed mean ? as in has a different camshaft ?E46 +E9x M3, B7 RS4, 147 GTA, Golf R32, Golf VR6's,
Older Pugs 106 GTIs and 306 GTI-6s 205s etc are going up as long as they are unmodified. Most of them are 'cammed'
I think people are wanting a car that feels analogue and are willing to pay for it.
Just my 2 Pence
I did see an Escort Mk3 with the legend "Cammed Up" down the bottom of the doors years ago in Manchester, seemed a lot of work to tell everyone you have an uprated camshaft ? or does it mean something else ?
AB57 said:
I'd agree with that from what I've seen with the E46/E90 petrols. E46 manuals are commanding stupid money and E90 petrols are rock solid. Was expecting decent E90 330i's to be around the 5k now.
Was hoping to jump into an E92 30i but they won't fall unfortunately.
I've been on the hunt for a E46 M3 for a while now. A black manual coupe, Red leather with harmon/screen is just shooting through the roof in value. Most are now multiple owner/high mileage and looked after at some back street 'German car specialist' Was hoping to jump into an E92 30i but they won't fall unfortunately.
If you can find a good unmolested one with decent history, i doubt you would see any depreciation at all.
AB57 said:
Is it just me or do cars in general seem to be holding their prices well? I've been looking for a while now, months, at hot hatches and they just don't seem to drop in price all that much.
As I'm a rather poor person and my budget is sub 10k, it just seems nothing really drops; or should I say a lot of people want top dollar for poor condition/maintained cars!
Is it just me expecting things to be cheap as chips, in relation to age/mileage, or has anyone else noticed this?
There are lots of good hot hatches for around 10k, what you're expecting for 10k vs what's out there may be out of kilter with what you can buy. As I'm a rather poor person and my budget is sub 10k, it just seems nothing really drops; or should I say a lot of people want top dollar for poor condition/maintained cars!
Is it just me expecting things to be cheap as chips, in relation to age/mileage, or has anyone else noticed this?
I source/supply vehicles for people & I think there's an abundance of good hot hatches/vehicles out there, 10k is a good budget for a hot hatch.
So what are you expecting to get for your 10k?
Small petrol engined cars with the cheap tax, pre April 17, are holding well.
I bought a VW Up for my daughter a year ago, VW dealers are still asking about the same RRP
And I just had to source a late 1.2 Fabia for someone, their prices don't seem to have dropped much either for 2016 models.
I think this new £140 RFL across the board has made many people hold on to their cars.
And look at the price of new cars, a reasonable spec Fiesta is now getting on for 20k
I bought a VW Up for my daughter a year ago, VW dealers are still asking about the same RRP
And I just had to source a late 1.2 Fabia for someone, their prices don't seem to have dropped much either for 2016 models.
I think this new £140 RFL across the board has made many people hold on to their cars.
And look at the price of new cars, a reasonable spec Fiesta is now getting on for 20k
It comes down to price. The banger market will remain stable with folk needing emergency wheels to get to work, so will the seriously posh exotic stuff where buyers brexit or not - are very affluent. In the middle I sense that the lower end is fairly consistent as lots of buyers can raise £5000 with a bit of help from the Bank of Mum and Dad or Auntie Florence. Thus 10 to 15 k market will be the first to drop. I await the day. Trevor 555s tax comment also on the ball.
Edited by Lester H on Friday 28th December 22:00
Quick poll of 1 average small car.
My late father in law's Mazda 2 petrol was valued by WBAC in February 18 at £3200 with no marks noted on it.
We sold it to them today with 3 smart repairs and a bodyshop noted by WBAC at £3600.
That says to me that people are willing to pay 15% more to get out of their DPF timebomb small diesels that think they have been killing asthmatics and children with.
.
My late father in law's Mazda 2 petrol was valued by WBAC in February 18 at £3200 with no marks noted on it.
We sold it to them today with 3 smart repairs and a bodyshop noted by WBAC at £3600.
That says to me that people are willing to pay 15% more to get out of their DPF timebomb small diesels that think they have been killing asthmatics and children with.
.
zafbandicoot said:
From my procrastination on autotrader. Bigger Engined N/A older cars are going up in value really well or at minimum holding.
E46 +E9x M3, B7 RS4, 147 GTA, Golf R32, Golf VR6's,
Older Pugs 106 GTIs and 306 GTI-6s 205s etc are going up as long as they are unmodified. Most of them are 'cammed'
I think people are wanting a car that feels analogue and are willing to pay for it.
Just my 2 Pence
Yet most of the cars that are "holding value well" are sitting unsold on Autotrader for an age. E46 +E9x M3, B7 RS4, 147 GTA, Golf R32, Golf VR6's,
Older Pugs 106 GTIs and 306 GTI-6s 205s etc are going up as long as they are unmodified. Most of them are 'cammed'
I think people are wanting a car that feels analogue and are willing to pay for it.
Just my 2 Pence
Is it people that are waiting for that car, or is it the dealer waiting for that guy?
Bikerjon said:
I'm considering a diesel car for the first time ever simply because there's just so many that are now falling into my limited budget. Small engined turbo petrols on the other hand have become out of reach.
Small diesel will be excellent if serviced on the dot with fully synthetic and driven regularly at morway speeds. Renault 1.5 dci a lovely engine . Still a question mark over small buzz box turbo petrols for medium/long term ownership. The diesel “torque”cliche is also so true in everyday driving,especially in smaller cars.Edited by Lester H on Friday 28th December 23:08
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