Why are (second hand) cars so expensive these days?

[Lozzaroo]

I mean seriously, is an M3 CSL really £40k better than a CS? Is a 996 turbo worth £45k? Is it ok to buy a Sierra Sapphire Cosworth for £30k?

I bought a mint 996 turbo in 2012 for £23k. Why is it now worth so much more?

Back when I was 20 I had a Sapphire Cossie which I bought for £7k. I mean it was awesome at the time (1995) but it wouldn't see which way most hot hatches went any more and the interior was 'shaky' to say the least.

Are prices going to soften, surely they can't stay as hard as they are for ever...?

[Lozzaroo]

Update to this. Case in point being the E28 M5 currently for sale on PH for £80k. Yes that's £80k.

Really?

[Lozzaroo]

kambites said:

Things are worth what people will pay for them, and what people will pay for things is often defined by what they think other people will pay for the same thing in the future.

Oh so they're buying them not because they really want to own and drive one. They're buying them because they think that someone else will want to buy it in the future for more money because that next person thinks it'll sell for more later. Amazing.

Where will it all end?