will used car prices fall further, possible bargins?

piggeh

flossy_splodge wrote: »

I am assured by the guy that looks after my car that prices for secondhand, SMALL economical cars have risen substantially

Awesome Good news for when I sell the fabia next week then!

Yorkshireparkin

There are loads of bigger gas guzzling cars out there, for seriously GOOD bargain prices but they are bloody expensive to run. I wonder what is going to happen with the car market cos it isn't looking good at the moment.

zappahey

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 travel fairly regularly on the ferry out of North Shields and it looks pretty much like it always looks. In fact, two weeks ago it actually looked a bit quieter and I'm pretty sure there were more spaces.

Given that the likes of Honda are having four month shutdowns, and there are some stunning new car deals, I don't see it taking that long to reduce the glut.

Unless, of course, no-one can get credit to buy.

mr.broderick

wxmlad wrote: »

?

Yep you can safely say a used car will drop every month

zappahey

wxmlad wrote: »

plenty of garages round by me still asking well over what the cars are worth

Asking is not the same as getting, of course. A brass neck can reap great rewards

piggeh

I guess they are still moving, manufacturers still forecasting 10000+ for production runs each month. Fleets still need to buy contract hire vehicles I guess (despite it now being a bit more expensive than mid-08 - I have some comparable quotes increase by £100ish a month!)

movingforward2010

zappahey wrote: »

Asking is not the same as getting, of course. A brass neck can reap great rewards

just spoken to my friend about this and he has just picked up a 53 reg silver, 3 door Astra Sxi (alloys etc) with 31,000 miles on clock, immaculate in and out, full service history, 12 months mot and 6 months , 6 months tax, 6 months dealer warranty, 2 prev owners for £2995!

i thought that was pretty good actually:eek:

piggeh

Pretty good deal to get from a dealer *slightly shocked smilie thing*

epz_2

I suspect we are still at the stagnation phase of car prices.

Most cars tick along pretty well so there isnt usually a need to upgrade every few years like 15 years ago when the car would rust through.

My car died recently and i was pretty disappointed with the prices people wanted for cheap hacks, we are talking a grand minimum for something not totally wrecked and even then it will be a decade old.

Dont get me wrong, there are some bargains out there (1) but nothing jumped out and i was looking for a big engined daft car. In the end i decided for a cheap lease 2yr with all maintenance thrown in on a volvo s80 to control my expenses and give me time to save up for a low mileage jag/merc coupe though it might end up as a house deposit if i spot a bargin next year.



(1) just look how little you would pay for a jag xk8

mr.broderick

wxmlad wrote: »

just spoken to my friend about this and he has just picked up a 53 reg silver, 3 door Astra Sxi (alloys etc) with 31,000 miles on clock, immaculate in and out, full service history, 12 months mot and 6 months , 6 months tax, 6 months dealer warranty, 2 prev owners for £2995!

i thought that was pretty good actually:eek:

I sold a 5 door 51 plate with 29k on the clock in silver 2 weeks ago for £1850 as is. Owed us £1700. Sold it as is.