Thirsty cars - residuals fall on higher fuel prices?

[Jimido]

Toying with the idea of a Cayenne Turbo (my15-17). There are quite a few on AT. Many have sat advertised for 6months+ And still haven’t sold, yet prices remain unchanged.

With higher fuel prices, what do people think happens to residuals on thirsty cars, like Cayenne Turbo? I can imagine some people happy to suck up the higher fuel costs, but I’d be surprised if everyone is… therefore should we see more come to market / prices start to fall?

I remember owning a e39 540i in around 2007, fuelling at 150p a litre quickly become tiresome (I ended up selling and buying a 120d as had become so hacked off with fuel costs!).

Just wonder if those of better knowledge than me have a view on this subject.

[A500leroy]

Its probably only going to get worse.

[Jimido]

What gets worse?

Supply of new porsches further hampered by supply chain issues from Ukraine, which props up prices of used further?

Or fuel prices keep rising … ?

[anonymous-user]

I think these types of cars with 15mpg, 600 road tax and eye watering consumable costs are on their way out of favour.

Nobody will want them and the type who normally do are eyeing up hybrid Audi SUVs' and Cayenne e-hybrids et al.

Just totally a wrong fit in every sense for today's commuter and the worsening economic state of affairs

Move along

[Canon_Fodder]

Jimido said:

What gets worse?

Supply of new porsches further hampered by supply chain issues from Ukraine, which props up prices of used further?

Or fuel prices keep rising … ?

Mini factory shut down extended due to lack of components... Others will follow.

And then Xi decides to invade Taiwan and we go back to 1980 before computers were invented...?

the Arabs are essentially neutral in both conflicts and will keep the oil flowing, all be it at inflated prices

[Jimido]

lord trumpton said:

I think these types of cars with 15mpg, 600 road tax and eye watering consumable costs are on their way out of favour.

Nobody will want them and the type who normally do are eyeing up hybrid Audi SUVs' and Cayenne e-hybrids et al.

Just totally a wrong fit in every sense for today's commuter and the worsening economic state of affairs

Move along

I definitely sympathise with this view, and am considering plug in hybrid as alternative to the turbo. I do wonder if a turbo could be an absolute pig to sell in 3-4yrs’ time… same would obviously apply to all the big petrol suvs, mind. In which case many of these (which are still commanding strong money today) could prove to be hideous value traps

[vikingaero]

For a daily car I would agree that fuel prices could affect residuals. But there are plenty of people on here who have gas guzzlers and only drive it as a 2nd or weekend car where fuel prices will have little effect on owning a car that might only be driven 5k a year.

[georgeyboy12345]

would you have a Cayenne as a weekend car though? Not really

[A500leroy]

Jimido said:

What gets worse?

Supply of new porsches further hampered by supply chain issues from Ukraine, which props up prices of used further?

Or fuel prices keep rising … ?

both really, but with £2 a litre expected by easter, who knows what will happen in 3 years time £15 a gallon?
Its a gamble to buy this type of suv at the moment, and dont think going diesel is any better as in most cities they will be all be but dead in 3 years time.

[Brett748]

I’ve got a W204 C63 so 19 mpg, £600 tax etc. It is worth more now than it was 18 months ago when I bought it, despite fuel costs being 50ppl more.

I’m not sure at what point it will be worth less. I’m not so sure people care about costs for certain cars.

The difference in driving 10k per annum at £1.20 per litre and £2 is £160 per month or £1,900. If you care enough to want a performance car that isn’t a game changer.

Edited by Brett748 on Monday 7th March 19:58

[LeeM135i]

As above, I have a W205 C63S Coupe. Due to Covid I've only been driving 6-8k miles per year so it doesn't really matter.

I am about to start another job which will have me driving significantly more miles so I will pick up a 60mpg 2.0 diesel to cover the big miles and keep the 63 for weekend fun. I am not giving the V8 up!!

[Mr Tidy]

I have a 2006 BMW Z4M Coupe as a fun car so Road Tax is £600, but it seems to be averaging 26 mpg and seeing as it does less than 3,000 miles a year it is definitely staying!

But if petrol prices keep rising as they have been the last couple of weeks I can see values for thirsty cars dropping from the levels many climbed to over the last year or so.

[e600]

I have been looking to change my Range Rover 322 for a 405 going from 3.6 tdv8 to to 4.4 turbo diesel. Prices haven’t changed and are consistent at around £25k or higher, for 100k miler around 8 to 10 years old.

I am looking for less miles and newer, but don’t see any effect on price due to fuel price at present.

[cerb4.5lee]

Mr Tidy said:

I have a 2006 BMW Z4M Coupe as a fun car so Road Tax is £600, but it seems to be averaging 26 mpg and seeing as it does less than 3,000 miles a year it is definitely staying!

Same. The 370Z has the £600 tax and it is only doing 22mpg, but I only did 1500 miles in it last year so I don't notice the fuel(I will always grumble about the tax I think!). I have started using it a bit more this year already though.

[SWoll]

cerb4.5lee said:

Mr Tidy said:

I have a 2006 BMW Z4M Coupe as a fun car so Road Tax is £600, but it seems to be averaging 26 mpg and seeing as it does less than 3,000 miles a year it is definitely staying!

Same. The 370Z has the £600 tax and it is only doing 22mpg, but I only did 1500 miles in it last year so I don't notice the fuel(I will always grumble about the tax I think!). I have started using it a bit more this year already though.

At 40p per mile for VED alone I'm not surprised.