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will used car prices fall further, possible bargins?

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Comments

  • zappahey
    zappahey Posts: 2,252 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Possible bargains? The market is awash with bargains right now, especially if you're after a larger car. They might get a bit cheaper but, I suspect, when the glut of cheap new cars is cleared out prices could start to recover slightly.
    What goes around - comes around
  • Cat695
    Cat695 Posts: 3,647 Forumite
    zappahey wrote: »
    Possible bargains? The market is awash with bargains right now, especially if you're after a larger car. They might get a bit cheaper but, I suspect, when the glut of cheap new cars is cleared out prices could start to recover slightly.

    I think that will take some time to be honest...have you seen the docks where they keep new cars!! makes the M25 on a friday look like a village post office car park
    If you find yourself in a fair fight, then you have failed to plan properly


    I've only ever been wrong once! and that was when I thought I was wrong but I was right
  • zappahey wrote: »
    Possible bargains? The market is awash with bargains right now, especially if you're after a larger car. They might get a bit cheaper but, I suspect, when the glut of cheap new cars is cleared out prices could start to recover slightly.


    plenty of garages round by me still asking well over what the cars are worth
  • ive seen prices come down a bit, it might be worth waiting longer to get more for your money?
  • When i bought my new motor in Oct last year the show rooms were RAMMED and people were signing to buy (as did I).. the day i picked it up I had to wait whilst others collected their car.. (was at a car 'supermarket')

    Fast forward to this week when me and the missus went "window shopping" to choose the new company motor, and sure enough, the show rooms were RAMMED again... We walked out of Audi as the wait to speak to someone was too long! BMW & VW were v busy too..

    Is there anyone in the trade who is prepared to share sales stats??
  • Quentin Wilson did a programme on the state of the used car market, last Monday.
    You can watch it on ITV Catch Up.

    "Tonight

    With the automotive industry in crisis and car prices plummeting, is this the time to pick up a bargain? Quentin Willson presents a guide to getting the most for your money."

    http://www.itv.com/CatchUp/Video/default.html?ViewType=5&Filter=33802
    RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
    Read the sticky on the House Buying, Renting & Selling board.


  • hethmar
    hethmar Posts: 10,678 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Car Insurance Carver!
    Im looking for a VW Golf up to 4 years old - hopefully with leather interior :)
  • Zagu
    Zagu Posts: 2,711 Forumite
    Cat695 wrote: »
    I think that will take some time to be honest...have you seen the docks where they keep new cars!! makes the M25 on a friday look like a village post office car park

    I don't know if that's a real indication. Google Earth is ususally 3 or 4 years out of date, and if you look at the docks at Sheerness in Kent, it looked the same then as it does now.
    "I'm not even supposed to be here today."
  • I am assured by the guy that looks after my car that prices for secondhand, SMALL economical cars have risen substantially :eek: but cars over about 1500cc - still bargains to be had!:T
  • mummytofour
    mummytofour Posts: 2,636 Forumite
    last april i was desprate to get a small car and it took weeks to find the right car. Now I am looking for a 7 seater and the zafiras are the same price as an 807!

    I was thinking if all the manufacturing goes titts up will we end up with no new cars and all cars costing a packet to buy? Old and new.
    Debt free and plan on staying that way!!!!
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