Car prices

bigwinn

Elite
 Lincoln UK
Site Supporter
Interesting read

https://www.autocar.co.uk/car-news/industry-news-retail/analysis-why-used-car-prices-are-set-rise-further
 
Good read and states sports cars are seeing price increases anything's won't change until after Xmas 21 - great news all round :thumbsup:
 
Ole gits rule said:
great news all round
Unless you are a car dealer, a bank, or selling to buy a cheaper car I don't see how this is good news?
The "feel good factor" means diddly unless you are selling and buying a pushbike, which are also rising in value due to the pandemic!

A real life example (mine):

I bought a car in April 2021 for £22,700. I have been offered £25,000 for the car today from the selling dealer. Great, I think.
The car I want to buy next is £27,000. In April this car would have been £24,500.
So I have made £2,300 but got to spend £2,500 more for the other car, so I am £200 out of pocket (on top of the extra initial cost).
 
Pondrew said:
So I have made £2,300 but got to spend £2,500 more for the other car, so I am £200 out of pocket (on top of the extra initial cost).

What car have you gone for?

It was yourself that recently bought that ford?
 
I think car prices will remain high for sports cars but will fall for more normal metal which is a good thing and yes its only about the price to change.

I cane offered £1 for my car or £1m but just depends on the deal cost
 
We have just sold two cars for what we paid for them. Neither was brand new at purchase. One we sold to WBAC who gave £2000 more than any trade in deal we could get. The second was a BMW 330e which had been a lease car and I had only had it two weeks. The replacement is a 330e Touring MSport Pro Xdrive which was brand new but from existing stock and we got a discount of just over £5000. So I am very happy with the present situation. :thumbsup:
 
mgrlane said:
What car have you gone for?

It was yourself that recently bought that ford?
Indeed, yes. I have decided the Ford, although fun for a short while and ultimately practical, was not what I wanted. I am mid fifties!
I am in the process of buying a Merc E400 cab (I really wanted a V8 as you know but head over heart etc). Another compromise, but hopefully a better one. At least with the prices rising of all used cars, changing my mind every 5 minutes is easier to sell to the missus :thumbsup:
 
[ref]Pondrew[/ref],
easier to sell to the missus :thumbsup:

Is the money not still coming out of your pocket if you’re only selling to your Mrs? :poke: :lol:
 
Pondrew said:
Indeed, yes. I have decided the Ford, although fun for a short while and ultimately practical, was not what I wanted. I am mid fifties!
I am in the process of buying a Merc E400 cab (I really wanted a V8 as you know but head over heart etc). Another compromise, but hopefully a better one. At least with the prices rising of all used cars, changing my mind every 5 minutes is easier to sell to the missus

Guy at the gym has one of those. Really nice interior and a good looking car.
 
Argyll Andy said:
Is the money not still coming out of your pocket if you’re only selling to your Mrs?
Tax reasons Andrew. I can write the whole deal off against tax as a one-time gift to my spouse. Or, alternatively, issue her with a director's loan from the company to negate the need for any BIK...........yes I am making it up! :D
I decide on a sabbatical for a couple of weeks and suddenly everybody's got a sense of humour; is it the heat?? :P
 
mgrlane said:
Guy at the gym has one of those.
That sentence could only be topped by "guy at my golf club has one of those".
Now I don't want one any more! :cry:
I went to a gym once; I was lost: looking for the Pub next door :thumbsup:
 
Pondrew said:
I decide on a sabbatical for a couple of weeks and suddenly everybody's got a sense of humour; is it the heat??

I’m going to argue I’ve always had one of those :wink:

As for the rest of it, yes I knew it was p!sh but hey ho :rofl:
 
Pondrew said:
That sentence could only be topped by "guy at my golf club has one of those".
Now I don't want one any more!
I went to a gym once; I was lost: looking for the Pub next door

Not going to lie, he does wonder round the gym like he owns it and makes just a little bit to much noise and looks lovingly at himself in the mirror when he is lifting weights. :rofl:

And naturally he always parks it with the roof down unless its raining.
 
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