Are older, bigger nengined cars going to be more valuable soon?

OnanTheBarbarian

I prefer older stuff as you can fix it yourself and an 80's or 90's BMW or Merc were properly built cars that will go on and on if you maintain them, parts are cheaply available.

Modern stuff may have a feelgood factor and boost your cred in the neighbourhood if you insist on being the willy waver with the newer numberplate, but most modern stuff are soulless charisma vacuums and financial time bombs which will be adorning many scrap yards as soon as they get out of the manufacturer warranty period when the electronics fail.

AdrianC

OnanTheBarbarian wrote: »

I prefer older stuff as you can fix it yourself and an 80's or 90's BMW or Merc were properly built cars that will go on and on if you maintain them, parts are cheaply available.

Top tax for anything pre-01 is £230.

reeac

gilbert_and_sullivan wrote: »

Hope not, let the unknowing have their automotive white goods and leave the cars as bargains to enjoy by those who appreciate them.

Horrible things older large engined cars, not 5 star NCAP so will kill the owner passengers ........ worse of all stuck with a torque converter auto box that saps enjoyment apparently and everyone knows the box will break twice a year and cost at least £3k to fix.

Really? Mine's done over 16 years with not so much as an oil change ["filled for life"] yet.

harveybobbles

OnanTheBarbarian wrote: »

I prefer older stuff as you can fix it yourself and an 80's or 90's BMW or Merc were properly built cars that will go on and on if you maintain them, parts are cheaply available.

Modern stuff may have a feelgood factor and boost your cred in the neighbourhood if you insist on being the willy waver with the newer numberplate, but most modern stuff are soulless charisma vacuums and financial time bombs which will be adorning many scrap yards as soon as they get out of the manufacturer warranty period when the electronics fail.

I didnt really mean old old stuff. Even though they are fun.

I was talking about post March 2001 reg'd cars when the VED went on emissions.

wildincrawley

Norman_Castle wrote: »

I think your neighbor is a bit slow:rotfl:

So maybe a bigger engine will help him speed up???

No seriously, I think the main reason big engined cars are cheap is the cost of fuel, which is also not changing.

OnanTheBarbarian

Pre 2001 stuff is where it is at for me

I enjoyed wafting about in my 4ltr V8 whilst paying less VED than some sap in a modern diesel soot box. Yeah 20mpg is grim, but so is depreciation and the need to plug in a laptop every time somebody needs to fix something:beer:

[Deleted User]

Being able to pay for things monthly is a great help to many people (probably the majority) who struggle to budget - I mean seriously how many people diligently put aside £20 a month to cover their annual road tax when it comes around?


I doubt these changes will make much discernible increase in values though. If I had a big engined car I was looking to sell, I'd still sell it now and avoid further depreciation, rather than wait in the hope its value might go up.

DUTR

atrixblue.-MFR-. wrote: »

OK perspective time.


could all you afford to pay your gas, council tax, and electric bill upfront every year? if not why do you have a house/rent?
we can afford them albeit theyre expensive because of DD.


Same with buying a new car, if your not blessed with cash and there was no finance companies in the world, or bank loans, then you couldn't afford it, but you could if you rolled out the payments over a certain period that fitted within your means of income.

If there was some sort of discount for doing so then yes I would.
I save monthly for car costs, by the time the VED, servicing and insurance arrives, the money is already there (doesn't stop me seeking lower prices though).

Herzlos

OnanTheBarbarian wrote: »

Pre 2001 stuff is where it is at for me

I'm staying pre-2006, before the new tax bands come in and tax jumps for about £270 to £400.

I think paying monthly people will be less put off by higher tax, and it'll be put into a bit more perspective. I think they are also going to start to become aware that tiny engines aren't that much cheaper to run for most people, and demand for older luxobarges will increase.

marlot

Where it might make a difference is big engined 4x4s.

I don't use mine very much in the spring, summer, autumn so it might make sense to declare it SORN much of the year and only tax it for the winter months. I know I could do that now, but it might be less hassle in the future.