02-22-2021, 06:24 AM | #23 |
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This text contained in a reminder email from WBAC today:
Industry car prices are set to fall. This means we are able to offer more for most cars before midnight on Wednesday 24th February. 1 Get your updated valuation:
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04-07-2021, 12:49 PM | #24 |
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I am currently looking for a long term car to get out of the lease/PCP cycle, used car prices have gone mad, I guess it is availability of stock.
Saw this earlier and I am sure I was offered a similar price for a pre-reg a couple of years ago. https://www.alexcreasy.co.uk/bmw-340...london-6720273 |
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04-07-2021, 02:30 PM | #25 | |
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M3 CP in THE fastest colour (says so in the title )
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04-08-2021, 01:32 AM | #27 |
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Thought i’d check again on the dvla site my old 435d which i VT’d in sept - still showing as untaxed!
Thats over 6 months it sitting in some BCA compound. |
04-08-2021, 03:32 AM | #28 |
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So does that mean lots of used cars will suddenly hit the market at some point or as I suspect just be drip fed in to keep the prices high.
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04-08-2021, 03:58 AM | #29 |
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The latter I expect. My old company car was sat for 5 months at one of their sites too, till just the other week actually.
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04-08-2021, 11:12 AM | #30 | |
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04-08-2021, 12:31 PM | #31 |
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most new cars are mild hybrid phev bev etc so more complicated more expensive.
Older cars will hold their value as they pretty much do the same as the newer car with less complexity etc. But manufacturers can't mostly sell them(pure ICE) new anymore. Number of new cars sold is down greatly due to covid to add to this. Perfect storm. I don't see used prices crashing. |
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04-08-2021, 05:52 PM | #32 |
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Used prices are firm.
I sometimes wonder whether people confuse sales growth and volume at shit cheap prices for a healthy market.
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04-09-2021, 06:24 PM | #33 |
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Indeed. I just noticed my old M3 is up for sale:
https://www.autotrader.co.uk/car-det...ion=on&page=1# £38K. Strong price considering I paid about £53K for it 5 years ago!!!!! (Was a Tony Lewis special though). I sold it as a part ex when I bought the Merc 3 years ago. Looking at my finance agreement, interesting that the Final Guaranteed Value after 4 years was £25,826. Seems its worth way, way more than that 1 year later. Anyway Wills2 you bought a Golf GTI TCR? You kept that quiet, tell us more.
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04-09-2021, 10:23 PM | #34 | |
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Maybe that is because it is overpriced? Interested it has done 3000 Miles on the MOTs in 2019/20 but not recorded an owner change and another 500 Miles since Oct '21 I wonder who has been running around in it? |
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04-10-2021, 03:35 AM | #35 | |
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I thought it was overpriced too, but looking at a few M3’s for the same age, it’s similar money. Even if it was £5k overpriced, that’s still way more than I thought it would be worth after 5 years. Especially based on the FGV I mentioned above. Seems an M car is the one to buy if you want your cars to hold their value.
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04-11-2021, 03:23 PM | #37 |
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Having spent the last month or so shopping around for a good used M4, I can say that every single dealer made it clear, up front, that it was take it or leave it on price.
My X5, chopped in with a main dealer, sold within two days - didn't even make the website. |
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04-11-2021, 04:39 PM | #38 |
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Same when I rang about 340s. Some on the Approved used site haven't dropped in price hardly at all in months. Lease will be the way for a while I think.
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04-12-2021, 03:01 PM | #39 |
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If that were true they'd simply wait, no one goes to the market urging people to sell to them at a higher price than tomorrows....
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04-13-2021, 03:15 AM | #40 |
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From a personal perspective the used car market is holding up very well, particularly for premium cars. I started looking for an SL400 less than a year old about a month ago. There were twenty on Autotrader then, now there is one.
Every car I enquired about had just sold. |
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04-13-2021, 03:45 AM | #41 | |
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I think it will ramp up to given people can do test drives....
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M3 CP in THE fastest colour (says so in the title )
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04-13-2021, 03:57 AM | #42 |
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Brother in law has just bought a nearly new Mazda MX 5. The specialist garage are selling good cars as fast as they can get them in. He reckoned to turn around most cars within a week, no problem at all to sell.
Much of the stock had reservations on them, while customers got a chance to see the cars. BiL did the same, to secure the car. |
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04-13-2021, 04:53 AM | #43 |
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I bought a nearly new 69 plate X5 9 months ago. Same car options and mileage cheapest on auc website at my current mileage (6k more miles) 1k more than what I paid then. So despite doing 6k more miles and 9 months older weirdly 1k more expensive.
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