Is the used car market broken too?

[surveyor]

Just looking at cars for sale as I need to sort out advertising the wife's car which is a 2012 merc estate.

To find one of that year on Ebay, and older one's at what seems to be prices higher than we paid 2 years ago.

I know the new car market is busted but has the fallout gone down as far as 2012 models?

[kambites]

Yes, the entire second-hand car market has gone mad.

[shih tzu faced]

I think pretty much all prices have been dragged up so fill yer boots.

Only exception would be absolutely anything I’m selling. Fortunately nothing at the moment but it’s normally an accurate barometer.

[MitchT]

I was starting to look for a five(ish) year old BMW 420i coupé. Found some decent ones for around £17k. Comparable examples all well north of £20k now. Fortunately I'm not in a rush.

[surveyor]

shih tzu faced said:

I think pretty much all prices have been dragged up so fill yer boots.

Only exception would be absolutely anything I’m selling. Fortunately nothing at the moment but it’s normally an accurate barometer.

Join the club. My only issue is I've had to send off for the V5. Probably take DVLA long enough to send back that the markets gone off the boil...

[Lester H]

Unless you are selling up, it’s all academic (like houses) because you are tempted to sell yours because used prices have risen, but the potential replacement is now “funi muni”.

[surveyor]

Answered my own question. Just sold the Mercedes replacement as it has broken the wife. £3k profit in 2 months selling to the trade...

[Easternlight]

I'm sorry to hear your wife is broken!!

[joropug]

A mate works in a main dealer. Someone just pxd a car with them that was:

-Bought by customer 6 weeks ago from a main dealer for £21000
-PXd at my friends dealership for £20000 this week
-Sold days later on a trade auction for £23450
-probably for sale now for £25k ish

[surveyor]

Easternlight said:

I'm sorry to hear your wife is broken!!

She will mend. Not in an mini clubman though.

[Stick Legs]

It depends what you are buying or selling.

Our 320d sold at a much higher figure than expected, £5500 better than settlement figure.

The Range Rover I bought was not to unfairly priced, in line with what I’d consider ‘normal’

The winner here is Mrs. Stick as she is going from used car to lease car, so that’s £5500 in the bank and the new car prices aren’t hiked. Add to that WFH allowing us to be a 1 car family for a bit & the running costs and monthly’s on a car for her are gone for the few months we wait for her EQC.