@contradevian Posted September 12, 2009 Share Posted September 12, 2009 Ah Quentin Willson on the BBC, that doyen of the car sellers, with a criminal record for clocking. http://www.quentinwillson.co.uk/speaking/index.html A passionate believer that unless a message is amusing, arresting and delivered in everyday speech it will always fall on stony ground, Quentin prides himself on turning corporate sludge-speak into sparkling conversation. Quote Link to comment Share on other sites More sharing options...
winkie Posted September 12, 2009 Share Posted September 12, 2009 They are only saying that because they want you to go out and buy a new one. Quote Link to comment Share on other sites More sharing options...
sleepwello'nights Posted September 12, 2009 Share Posted September 12, 2009 My personal experience. Offered £18 - £20k for my car in p.ex in June. Dealer phoned yesterday offering me £25k cash. He wants the car I don't have to purchase another from him. Is the BBC article reporting CAP Black Book inaccurate? My experience suggests otherwise. Quote Link to comment Share on other sites More sharing options...
livingdangerously Posted September 12, 2009 Share Posted September 12, 2009 I've recently had notes put on my windscreen from people interested in buying my car - an old Saxo VTR Quote Link to comment Share on other sites More sharing options...
xux42 Posted September 12, 2009 Share Posted September 12, 2009 I've recently had notes put on my windscreen from people interested in buying my car - an old Saxo VTR Pikey dealers hoping that you are unaware of firming prices and desperate for cash. People like that need a slapping. Unless it me striking a good bargain of course - then its market forces, all's fair etc. Quote Link to comment Share on other sites More sharing options...
Mammon Posted September 12, 2009 Share Posted September 12, 2009 Looking on auto trader there is distinct lack of supply, and what there is is priced much higher than the used prices on parkers.co.uk Quote Link to comment Share on other sites More sharing options...
Sledgehead Posted September 12, 2009 Share Posted September 12, 2009 And just in case anyone is tempted to allow the BBC to analyse the situation correctly, only ten days ago: Car Scrappage : Winner & Losers ... Losers ... Second hand car dealers "The used car market is in much trouble," says Mr da Silva. The simple reason is, why buy a second hand car when you can buy a new car for a similar price? "Why buy a [Renault] Clio with 50,000 miles on the clock when you can buy a new [Renault] Twingo for the same price?" says Mr da Silva. Second hand car owners The same, of course, goes for individual sellers. If you want to sell your car, the chances are you will get less for it because potential buyers can buy a heavily discounted new version. " Quote Link to comment Share on other sites More sharing options...
Jabberwocky Posted September 12, 2009 Share Posted September 12, 2009 Tallking of missing the boat. Are they going up as well ? Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted September 12, 2009 Share Posted September 12, 2009 Ah Quentin Willson on the BBC, that doyen of the car sellers, with a criminal record for clocking. Clockin' Wilson shortage of cars, shortage of houses, shortage of energy, shortage of food.... sounds like we are in a war already. It's the shortage of property porn I'm waiting for Quote Link to comment Share on other sites More sharing options...
tonytramcar Posted September 12, 2009 Share Posted September 12, 2009 I recently retired and bought my company car from the leasing company. I rang them in August to talk about price, they told me that prices would change in September. I rang them again at the beginning of this month to be told that the price had gone UP. I pointed out the difference between their price and that quoted in the guides available from the newsagents - the answer was "You try finding a car at price guide prices" (or words to that effect). I had indeed had a look round for a different car, bargains are extremely scarce, to say the least! I could only find one vehicle within my price range that I was remotely interested in, and that was at a dealer 30 miles away. The leasing company let me have the car at the "old" price, by the way. Quote Link to comment Share on other sites More sharing options...
SNACR Posted September 12, 2009 Share Posted September 12, 2009 From what I've seen commercial vehicle second-hand (and new) still seem to be through the floor, which would suggest this is a scrappage induced bubble that could pop messily. Quote Link to comment Share on other sites More sharing options...
Gigantic Purple Slug Posted September 12, 2009 Share Posted September 12, 2009 I might give mine a polish tomorrow ! After all, it's now an appreciating asset. Quote Link to comment Share on other sites More sharing options...
IMHAL Posted September 12, 2009 Share Posted September 12, 2009 I wonder if it would be possible to get a loan out based on the appreciating value of my car? - could call it a Motor Equity Withdrawal - MEW - has a familiar ring to it. Quote Link to comment Share on other sites More sharing options...
The Ayatollah Buggeri Posted September 12, 2009 Share Posted September 12, 2009 My guess is that the 'Cash for Bangers' scheme will temporarily deflate the price of used, cheap cars and inflate the price of used mid- and upper mid-range cars. The £2k is pretty much irrelevant in the case of a big saloon or hatchback costing £20k or more new: anyone in the market for one of those and able to pay cash is likely to be able to negotiate that sort of discount anyway. My guess would be that the majority of CfB sales will be of people getting rid of teenage Mondeos and Astras previously used as second cars, and replacing them with a brand new Fiesta, Hyundai i10, Peugeot 107 etc. If I'm right, there's going to be a significant decrease in old, semi-luxury cars of the sort that in normal circumstances depreciate like buggery because they have zero snob value, are heavy drinkers and cost a lot to maintain in the final period of their lives. That, I would guess, will increase the value of, say, 3-8 year old models in this category, because people who won't be able to find one in the final period of their lives will try to buy one in the middle period. But with the cost of new small cars only a little bit more than a second-hand model and with far lower maintenance costs, I'd have thought that the value of 3-8 year old Fiestas, Clios etc. will experience downward pressure. And of course with a huge number of new ones coming onto the road now, their resale prices will be lower than the former average as they work their way through their lifecycle, because more of them will be chasing the same number of buyers. Quote Link to comment Share on other sites More sharing options...
sammysnake Posted September 12, 2009 Share Posted September 12, 2009 the BBC has simply become the advertising wing of state sponsored ramping nothing more and nothing less. Quote Link to comment Share on other sites More sharing options...
bugged bunny Posted September 12, 2009 Share Posted September 12, 2009 It's much more to do with cars being much better made now than they were 10 years ago, and punters wanting lower running and depreciation costs, than the car scrappage scheme IMO. It's a no-brainer to buy a second-hand (5 -8 yrs) fuel-efficient car in a reliable brand (i.e. German or Japanese) in a private sale from a one-careful-lady owner, that has a low mileage, than it is to buy a brand new equivalent. I did just that about 2.5 years ago and my car has not depreciated signifcantly in value. Running and depreciation costs are approx £800 per annum and I pay approx 10p per mile in petrol currently. Quote Link to comment Share on other sites More sharing options...
IMHAL Posted September 12, 2009 Share Posted September 12, 2009 Perhaps when we go to the IMF we could use our old bangers as collateral against any loans - now they are going up in value its a no brainer. Quote Link to comment Share on other sites More sharing options...
US Citizen Posted September 12, 2009 Share Posted September 12, 2009 I wonder if it would be possible to get a loan out based on the appreciating value of my car? - could call it a Motor Equity Withdrawal - MEW - has a familiar ring to it. Very good. I like that one. Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted September 13, 2009 Share Posted September 13, 2009 (edited) Perhaps when we go to the IMF we could use our old bangers as collateral against any loans - now they are going up in value its a no brainer. 'Beggars Bangquity' Edited September 13, 2009 by Saving For a Space Ship Quote Link to comment Share on other sites More sharing options...
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