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Used car prices getting stupid
STEMO:
I told you a while back what my wife's car was valued at on autotrader. It's gone up again. 66 plate astra 1.6 cdti automatic. We paid £10,100 for it 3.5 years ago with around 9000 miles on it. It now has just short of 40,000 miles on it.
Crazy. But, of course, that's only a paper valuation. Whether someone would actually pay that.... :-\
Doctor Gollum:
Those suggestions are usually on the low side of achievable values.
A chap at work recently walked away from '17? plate Nissan Joke and took out finance on a pre registered '20 plate Joke for the same monthly payment.
He recently had a call from the dealer saying that because his car had increased in value, they would give him an extra £3k as a deposit against a brand spankers one, for the same monthly payment.
Obviously there's a fiddle somewhere, and what he doesn't appreciate is that the term will be longer, but he is a bit, er, special... He's not too far from retiring and was kicking off about not earning enough during furlough to cover his bills, just been kicked down from 12 hours to 8, so buying a new car on finance would be insane, even with an imaginary £3k off :-X
STEMO:
--- Quote from: Doctor Gollum on 05 October 2021, 16:11:49 ---Those suggestions are usually on the low side of achievable values.
A chap at work recently walked away from '17? plate Nissan Joke and took out finance on a pre registered '20 plate Joke for the same monthly payment.
He recently had a call from the dealer saying that because his car had increased in value, they would give him an extra £3k as a deposit against a brand spankers one, for the same monthly payment.
Obviously there's a fiddle somewhere, and what he doesn't appreciate is that the term will be longer, but he is a bit, er, special... He's not too far from retiring and was kicking off about not earning enough during furlough to cover his bills, just been kicked down from 12 hours to 8, so buying a new car on finance would be insane, even with an imaginary £3k off :-X
--- End quote ---
The 20 plate would not attract the 20% VAT, so the price difference between that and the new one should have been at least 30%.
Doctor Gollum:
--- Quote from: STEMO on 05 October 2021, 16:16:10 ---
--- Quote from: Doctor Gollum on 05 October 2021, 16:11:49 ---Those suggestions are usually on the low side of achievable values.
A chap at work recently walked away from '17? plate Nissan Joke and took out finance on a pre registered '20 plate Joke for the same monthly payment.
He recently had a call from the dealer saying that because his car had increased in value, they would give him an extra £3k as a deposit against a brand spankers one, for the same monthly payment.
Obviously there's a fiddle somewhere, and what he doesn't appreciate is that the term will be longer, but he is a bit, er, special... He's not too far from retiring and was kicking off about not earning enough during furlough to cover his bills, just been kicked down from 12 hours to 8, so buying a new car on finance would be insane, even with an imaginary £3k off :-X
--- End quote ---
The 20 plate would not attract the 20% VAT, so the price difference between that and the new one should have been at least 30%.
--- End quote ---
Like I said, special ;D
STEMO:
There is this, of course:
https://www.thisismoney.co.uk/money/cars/article-10060463/Car-sales-fall-lowest-level-1998-Tesla-Model-3-charts-September.html
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