Car price

[Pedro72]

I’m looking at ordering a car on lease but it has a February lead time. My car’s value is at a premium atm what do we think are decent 2nd Low mileage cars going to keep going up in value well into the new year or do I cash in now and get a run about for 5/6months?

[Theoldguard]

How long is a piece of string. Really it's anyone's guess, lots of factors at play, but ultimately once new car production is back to pre covid levels that should in theory ease the price of used vehicles.

That is not going to happen overnight and most commentators are of the opinion its going to last well into 2022, however they also note there is a limit to what anyone will pay for a normal used vehicle and with prices already up 20% in the last few months its whether they can continue to rise or have just about peaked, I think if your looking to sell now and you are happy with the price go for it, prices are very unlikely to climb by much more after the gains already seen, its silly season so cash in.

If you look on AT there are some really high asking prices that are just not selling, the vehicles a bit more realistic are being moved on, but with winter ahead it's likely the market will cool down.

[ZX10R NIN]

The simple answer is the less you spend the less you're likely to lose, so if you bought this low mileage CLK at a guess you'd lose between £200-500 but it'll all depend on how much you buy it for. Haggle hard & buy at a good price for you & you may not lose a penny.

[Pedro72]

Thanks for the replies think I’lleisk it and hold on until the new car is due and see what it’s worth on motorway.