BOE signals interest rises...car bubble to burst??

[TP321]

BOE has signalled that interest rates will rise in the next few months. It may be a difficult winter for those trying to sell "bubble" priced cars..I wonder if we will start seeing some serious price reductions over the coming months, over and above the usual winter softening.

[TP321]

garystoybox said:

100% agree. The use of the word 'entitled' is accurate. Everybody thinks they have the right to this, that and the other, regardless of age, experience, earnings, etc. Not living in the real world! E.g. My cleaner, probably on minimum wage, turned up last week in a new BMW 140M!

It's all on Contract Hire. But inevitable as cars become more complicated and computer driven, and cannot be fixed outside the main dealer network, people will simply rent brand new ones with 3 year warranties.