[blau3er]

Prices are all over the place!

I’m looking to buy an F15 X5 this year to replace the Mr’s car (our family motor)

Pre 1st lockdown you could pick up a 14/15 plate SE 30d with a few toys for around 19k-20k the same car would now be priced at 22-23k!

[Wills2]

Originally Posted by blau3er

Prices are all over the place!

I’m looking to buy an F15 X5 this year to replace the Mr’s car (our family motor)

Pre 1st lockdown you could pick up a 14/15 plate SE 30d with a few toys for around 19k-20k the same car would now be priced at 22-23k!

I'm not sure they are all over the place they have just increased which is no bad thing, the real cost of buying a car is the money you lose when you sell it, higher prices means higher residual value so the overall loss will be the same.

New cars are more expensive and the supply of used is less due to lower trade ins so it's a healthy market in terms of price.

[blau3er]

Originally Posted by Wills2

I'm not sure they are all over the place they have just increased which is no bad thing, the real cost of buying a car is the money you lose when you sell it, higher prices means higher residual value so the overall loss will be the same.

New cars are more expensive and the supply of used is less due to lower trade ins so it's a healthy market in terms of price.

Assuming prices remain high over the next 5 years or so, yes. However I’d imagine the inflated values (courtesy of the current situation) will only last so long. Then the risk may be buying a car now at a higher price (than it was last year) and subsequently having fingers severely burned when the drop occurs!

[robbiep]

Originally Posted by blau3er

Prices are all over the place!

I’m looking to buy an F15 X5 this year to replace the Mr’s car (our family motor)

Pre 1st lockdown you could pick up a 14/15 plate SE 30d with a few toys for around 19k-20k the same car would now be priced at 22-23k!

January prices are always high. It's been that way for 20 years at least.

You want to buy used, buy in the second half of February or November / first half of December

[XAlp]

What do you think of this car / price? I’m tempted to try to do a deal as it has the toys I want and is rated as “lower price” on Autotrader, but maybe that’s man maths as I don’t really “need” a car for another 2 months I’d say - will there be better choices then??!!

https://usedcars.bmw.co.uk/vehicle/2...a-2b642c231a73

[beerglass007]

Originally Posted by Bigfish786

Used car prices have gone up massively in 2020. Largely down to lack of supply.
Things will level out then drop in 2021 as demand drops and supply returns to normal.

I got a great deal in 2020

AUC 440i which would of been £51K new had 4.5K miles on the clock and 10 months old. BMW demonstrator which dealer purchased off BMW in Feb 2020 for £33K and then lockdown kicked in. Sold in August at a loss £29K

Thats £21K loss in 10 months and 4.5K miles ouchhhh

[drykoke]

Originally Posted by Wills2

I'm not sure they are all over the place they have just increased which is no bad thing, the real cost of buying a car is the money you lose when you sell it, higher prices means higher residual value so the overall loss will be the same.

New cars are more expensive and the supply of used is less due to lower trade ins so it's a healthy market in terms of price.

You are absolutely right in that New Lease Deals are very expensive now, and people are grabbing hold of whatever premium used cars they can find.

But the market is only 'healthy' for dealers, and not punters.
My part-ex value has gone up by £1k, from 8k to 9k.
The used 320d MSport I want to buy has gone up from £25k to £28k.

So, I would now be paying £2k above my position in Jan 2020.
It seems highly unlikely that I will re-coup much of the additional £2k when it comes to selling in 3 years time.

Many punters don't realise that used car dealers have upped their margins. A year ago, dealers put on sticker prices of £2.5k above the part-exchange value. Now they are achieving £4-5k above part-ex on sticker prices, and there are no shortage of punters.

[beerglass007]

Not sure I buy into this thread

So I've done 1500 miles in my car and its gone down 4K and your telling me second hand cars have gone up

51K motor now worth 25k in 14 months with 5.5K miles on the clock

I think there is bargains to be had right now

[speedski]

Originally Posted by beerglass007

Not sure I buy into this thread

So I've done 1500 miles in my car and its gone down 4K and your telling me second hand cars have gone up

51K motor now worth 25k in 14 months with 5.5K miles on the clock

I think there is bargains to be had right now

What they'll give you is different. Look at your example. The dealer lost £4k (they say) selling it to you. Yours didnt lose £4k in value, it lost £4k in purchase price - you got it from BMW at a premium - the car value loss is closer to £2k when you take out the purchase time from the equation.

Buy, sell, demand and now pandemic lockdown are all part of the price you see on the forecourts.

I see it, because the depreciation on mine while I haven't been driving it has very much slowed versus what it was when I got close to selling it 6 months ago...

[skipraider]

Originally Posted by beerglass007

Not sure I buy into this thread

So I've done 1500 miles in my car and its gone down 4K and your telling me second hand cars have gone up

51K motor now worth 25k in 14 months with 5.5K miles on the clock

I think there is bargains to be had right now

That's also £51k list price - the original owner wouldn't have paid anything like that, more somewhere around this:

First offer back on a car optioned to £51,745 is £37,645 (27%)

[winther1]

Are tuning/engine upgrades likely to devalue a car? I assume most buyers prefer stock? Not too bothered though as I might run it in the ground and tune the hell out of it

[robbiep]

Originally Posted by winther1

Are tuning/engine upgrades likely to devalue a car? I assume most buyers prefer stock? Not too bothered though as I might run it in the ground and tune the hell out of it

Answer that from your own viewpoint - would YOU be more or less likely to buy a tuned / modified car, if a 'standard' identical car was also available to buy ?

[JNW1]

Originally Posted by skipraider

That's also £51k list price - the original owner wouldn't have paid anything like that

Exactly so, measuring depreciation by reference to a list price few if anyone actually pays is pretty pointless in my view. Don't think any buyer can complain too much at a price of under £30k for a 12 month old, low mileage, 440i though - good value at that IMO!

[Goneinsixtyseconds]

Originally Posted by beerglass007

Not sure I buy into this thread

So I've done 1500 miles in my car and its gone down 4K and your telling me second hand cars have gone up

51K motor now worth 25k in 14 months with 5.5K miles on the clock

I think there is bargains to be had right now

As others have said, it’s never been a £51k car, you can’t count your depreciation from that. It was probably 20-25% discounted originally.

It’s like someone advertising a £500k house and selling for £350k. The buyer hasn’t bought a £500k house and lost £150k.

The £25k is what it’s worth trade in, not what it’s worth for someone to buy. There’s only 10 F36 440i’s on Autotrader now 2019 or newer, with the lowest being priced at £28k and a few well over £30k.

Dealers are nervous at offering big trade in prices during lockdown, same happened last time in full lockdown, just in case market crashes. But, they’ve only got a few cars in stock and demand is still ok, so why would they drop the price of what they’re selling.

It’s a good time to sell private maybe, but not trade in.

[JR1664]

Originally Posted by beerglass007

I got a great deal in 2020

AUC 440i which would of been £51K new had 4.5K miles on the clock and 10 months old. BMW demonstrator which dealer purchased off BMW in Feb 2020 for £33K and then lockdown kicked in. Sold in August at a loss £29K

Thats £21K loss in 10 months and 4.5K miles ouchhhh

That list price gives you a warm cuddly feeling when buying used or pre reg but its simply a sales strategy.

My 340i was £17k off list, new in every aspect other than it was pre reg and had sat somewhere doing nothing. Just gutted I got slammed for the luxury tax on a list price that really is cloud cuckoo land.

[KRS_SN]

reduced production over a year.
less people upgrading from current car so less supply
emissions regulations changing.
new cars getting more expensive
perfect storm

used prices under 50k esp performance cars are to stay solid for a long time. more so if economy collapses.