The Up Side to Rising Petrol Prices
Discussion
...surely seriously thirsty metal will drop in price over the next few years??
For example a 6 year old M5 is low-mid £20k now, surely thats going to drop (relatively speaking) over the next few years, bringing some phenominal cars into more affordable territory. Obviously they'd still be heinously expensive to run, but the original outlay will offset that somewhat?
For example a 6 year old M5 is low-mid £20k now, surely thats going to drop (relatively speaking) over the next few years, bringing some phenominal cars into more affordable territory. Obviously they'd still be heinously expensive to run, but the original outlay will offset that somewhat?
Hard to say what will happen. High fuel costs and ridiculous first year road tax could mean less powerful cars bought new now, meaning fewer on the second hand market and better residuals for older ones with lower tax and demand from enthusiasts.
On the other hand the likes of an M5 can become ruinous with the cost of fixing stuff as well as day to day running costs so prices may plummet.
On the other hand the likes of an M5 can become ruinous with the cost of fixing stuff as well as day to day running costs so prices may plummet.
st_files said:
...surely seriously thirsty metal will drop in price over the next few years??
Seriously thirsty metal will also, by design, have seriously thirsty brakes, running costs, insurance prices, servicing costs etc. etc.Yes, the purchase price will be cheaper, but don't think it will therefore be a cheap car.
Audi S4 4.2 V8 is a great case in point - many are drawn to them by the (relatively) low purchase cost, same with old RS6s etc, but then when the running costs are explained in detail they're quickly turned off.
Parrot of Doom said:
I can't see performance cars dropping much in price because of fuel costs. Only a particular type of person will buy them, and they won't be too bothered by fuel costs.
It'll be large-engined luxury cars that'll come down in price.
Cheaper uber-barges....now we're talking....It'll be large-engined luxury cars that'll come down in price.
I think that this time, though, there will be a flip side to all of this we haven't seen in previous recession-plus-fuel-price-rises-plus-very-expensive-cars-depreciating scenarios - the rise of the big diesel.
Nowadays most prestigious manufacturers offer seriously luxurious cars with a mountain of torque coming from a diesel engine with fuel economy equivalent to that of a hot hatch. OK, so you won't get your V8 rumble, but they're very quiet and, once rolling and on the right road, very fast too.
The lat time this happened, we didn't have cars like the diesel 6-series, CLK or A5 in the mix, they just didn't exist.
Nowadays most prestigious manufacturers offer seriously luxurious cars with a mountain of torque coming from a diesel engine with fuel economy equivalent to that of a hot hatch. OK, so you won't get your V8 rumble, but they're very quiet and, once rolling and on the right road, very fast too.
The lat time this happened, we didn't have cars like the diesel 6-series, CLK or A5 in the mix, they just didn't exist.
130R said:
An E60 M5 for low-mid £20k will have done a few miles, I think half the people buying them will fall off their chair when they get the bill the first time it needs some work done.
I realise that but my point is/was that a similar car in 2/3 years could be £17500, so the cost of maintenance becomes more palatable when your original outlay is 20-30% less?These modern big barges though are nothing like the equivalent low-cost barges now. They're nothing but computers and software, with some iron hidden deep behind lots of plastic.
Servicing costs WILL be high, even at indies.
I'm not sure whether spending £20k or £30k on an M5 will effect whether £1000 services are any more palatable.
Servicing costs WILL be high, even at indies.
I'm not sure whether spending £20k or £30k on an M5 will effect whether £1000 services are any more palatable.
tty City boy who's moved out of gambling in companies into speculating on oil prices...TonyHetherington said:
Servicing costs WILL be high, even at indies.
That, I can tell you, is a FACT.I've just spent over 3K on having some suspension work done at an Indie and I'll never use one again. They simply haven't got the equipment to be able to calibrate the suspension properly - bloke was levelling my car by putting in parameters on a STAR basic. Disconnect battery and it all resets! It should be done properly on an alignment jig.
From now on it's Mercedes ONLY - I am convinced after years of this that it's cheaper.
Orb the Impaler said:
They simply haven't got the equipment to be able to calibrate the suspension properly
This is a key point. As cars get more computer based, so the machinery for garages to service them gets also complicated. A local garage I know spends many thousands per year simply subscribing to all the updates of only a few brands, let alone the original purchase cost.Gassing Station | General Gassing [Archive] | Top of Page | What's New | My Stuff