Used car market

Pondy

Pondy

Muppet
 At the summit of the picturesque fens
Seems to have gone to absolute shite.
Just 12 months ago I sold a car for £5k more than I bought it for, five months earlier, via Motorway.
Today Motorway are offering £7k LESS than I bought another car for, again bought five months ago.

I know there is a squeeze on money from every direction, but the speed with which things have changed is scary! :(
 
There is indeed a shift in used values, people are starting to watch the pennies at the moment, so one place to save easily is on a new car purchase

I assume this is the 4 series, so convertible prices always drop in winter plus not many will want a 440i with fuel prices they are at the moment.

It is scary but if buying then the price of that would have dropped as well, always about cost to change for me.
 
On balance you are quits then :D

There has been a massive tax increase those for a lot of people that would buy that sort of car, as well as a predicted hike in elec / gas next april again for the same people as support will be cancelled, plus increase in dividend tax and if self employed, increase from 19 --> 25% tax on profits before the dividend tax, so the biggest tax hike ever for your target market.
 
The only comfort I can think of is that if you intend to replace it with something else (of similar value or more) then it’s all relative…..

I’m seriously considering not having a ‘toy’ car and reducing our fleet from 3 cars to 2. On this basis, both of our cars need at least 4 seats so the Zed may go.

For me it’s a case of do I advertise for a lower price now with the aim of selling this side of Christmas, or just wait until spring when it will be easier to sell - either way, something else would be incoming and we’d sell my partner’s trusty Kia Rio to get down to two cars.
 
True-Blue said:
I’m seriously considering not having a ‘toy’ car and reducing our fleet from 3 cars to 2. On this basis, both of our cars need at least 4 seats so the Zed may go.
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You need a lovely 440 convertible mate. Best compromise. I may know someone who has one...... :D
 
True-Blue said:
The only comfort I can think of is that if you intend to replace it with something else (of similar value or more) then it’s all relative…..

I’m seriously considering not having a ‘toy’ car and reducing our fleet from 3 cars to 2. On this basis, both of our cars need at least 4 seats so the Zed may go.

For me it’s a case of do I advertise for a lower price now with the aim of selling this side of Christmas, or just wait until spring when it will be easier to sell - either way, something else would be incoming and we’d sell my partner’s trusty Kia Rio to get down to two cars.
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Going to be doing the same next June when SWMBO lease is up, down from 3 to 2 so the zed may go and get one decent car and one rust bucket for me - keep the Corsa

I have done less than 800 miles in the zed since 21st July when I serviced and MOT'd it, such a waste really, the other option is to keep and get her a £15k car with four seats and use the Corsa as P/X
 
For me I never take any notice of purchase or sale prices. Every negotiation starts and ends with the same question, what is the cost to change?

What figures they put on the bill of sale or any other documentation to me is irrelevant. All I want to know is how much is coming out of my bank account.
 
Nanu said:
For me I never take any notice of purchase or sale prices. Every negotiation starts and ends with the same question, what is the cost to change?
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Which is fine; but in my case I am not looking at 'trading' it, just selling, so the figures are real and quite scary TBH.

I won't sell it on those numbers, though. It's a great car and I like it a lot, just not being used really.
There is something quite depressing about watching a car, sat in my garage without putting any miles on it, losing around £200 a week. :(
 
It's a shame you seem to have lost on the 440i, but you did OK with its predecessor!

Maybe you need to get some value out of it by using it? :lol:
 
Last year I toyed with a new G29
Cost to change circa £25k - This year £38k

It doesn’t take much effort to work out how much it’s cost /mile in depreciation alone given the 2500 ish miles this last year!
 
Mr Tidy said:
It's a shame you seem to have lost on the 440i, but you did OK with its predecessor!

Maybe you need to get some value out of it by using it?
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The predecessor was the B3 Alpina, Iain. I made a big mistake by selling that too cheap, thinking it wasn't particularly sought-after. I was wrong!

I don't really go anywhere anymore; if I go fishing I use the Mazda, as it's the only car that will carry the gear and doesn't bottom out on the rough tracks. If I go to the shops I use whichever car is nearest (which is never the 440 as it is in the garage). I know I have problems that many people would love and not really problems at all in the grand scheme. :)

I am so stupid that I am now thinking of selling the 440 at a massive loss and buying an M6 (again), as they are dropping values like a stone too! :roll:
 
This is why I never spend more than £7000.00 on a car, that way it never loses too much money and I can always pay cash. I never worry about making hp payments, okay, the cars are not the latest models but so what. One advantage of living in the southwest is that most of us own older cars so no keeping up with the Jones.
 
[ref]Pondrew[/ref], How does the 440 compare to say the V8 M3 in terms of P/L in that time frame?
 
mgrlane said:
Pondrew, How does the 440 compare to say the V8 M3 in terms of P/L in that time frame?
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I have no idea as haven't been looking at E9x M3s. I know they were silly expensive a year ago. From what I've seen most 'M' cars tend to hold value better than the rest of the range (with the exception of the M6) but of course they were dearer to start with..

The point of this thread was to highlight how quickly things have changed in the market, not really to bemoan how much money I'm losing. :)
 
Pondrew said:
The point of this thread was to highlight how quickly things have changed in the market, not really to bemoan how much money I'm losing.
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Fair point.

I wasn't particularly focused on you- just more intrigued if there were cars in the market that were holding strong. I know you were looking at "other" V8's/Performance models at the time and just wondered how they all compared now and then. The C63 market slowed down a fair bit with the boggo versions taking a bit of a hit. Be interested to see what the Alpina is going for now?

If the market could crash the manual coupe 997.1 turbo's with sub 40 thousand miles to under £50k I would be eternally grateful.
 
pvr said:
D3E2BEE5-E1EF-43FA-9E2D-3B506974718D.jpeg

I have this 2010 bargain basement model for you?
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:rofl:

One of 250 tho right? I think I will take a Carrera S it was based on and the £290k change please?
 
pvr said:
I have this 2010 bargain basement model for you?
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Even if you wanted to buy it, they wouldn't let you unless you have a 20 year+ history with Porsche UK and sign up to only going to them for servicing and parts!
I've read a lot about Porsche's antics recently when it comes to their cars; cashing in massively on the lack of supply to keep prices as high as possible.
Apparently this summer, if you walked into a Porsche showroom with a massive wad of £50 notes to place an order for a 911, they would show you the door unless you were a 'well known' prior customer. And requiring you sign up to only selling or PXing back to the dealer.
I have always wanted a 911, but don't want one enough to beg! :o
 
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