Car Prices... what the...

Grumpy_chap

dipsomaniac said:

If you are in the market for a R8 you are not looking at saving money.   You will pay whatever you have to pay to buy the car and whatever you have to pay for parts/service and fuel to run the car.  You are not a MSE and not interested in saving money

I think many R8 buyers are interested in saving money.  They are not that expensive in the greater scheme of things.  Some will be Footballers or entertainers with a humungous income and it is "easy come- easy go".  Many buyers of such cars will be buying as a dream - many people receive annual bonus / redundancy / retirement lump sum / inheritance that could fund such a purchase.  They still value their money and will seek to acquire the car of their choice in the most cost-effective manner.  While such a car is very much a choice from the heart rather than the head, the consideration of alternatives will still very much be part of the process, and there are many alternatives to pick.  

Generally, people don't get to the point where they can choose (and afford the choice) of an R8 or similar if they are not very financially astute and totally MSE.  Rich people do not spend frivolously as that is the surest way to become poor.

iwb100

DB1904 said:

iwb100 said:

It’s mad. Wife and I ordered new cars a couple of months back. Keep seeing second hand versions of said car with say 10K miles on them for more than we paid for new. Because it’s here and available it’s £4K more expensive. Even with miles on. Absolute madness, just glad we can wait for new ones and not end up in the crazy second hand market right now.

Used cars will probably be back to normal in 2023, when your new car arrives. 

Or not. Nobody knows. As I’ve been told by those in the trade there is a lag to these things. You don’t turn the second hand market on instantly and the volume in new to do so certainly isn’t happening this year.

Cars are due before 2023 anyway. That doesn’t mean much but prefer to have it done that wait to see what happens in the market. It’s a double edged sword as it locks in the value of our existing ones whilst market is high. 

dipsomaniac

Grumpy_chap said:

dipsomaniac said:

If you are in the market for a R8 you are not looking at saving money.   You will pay whatever you have to pay to buy the car and whatever you have to pay for parts/service and fuel to run the car.  You are not a MSE and not interested in saving money

I think many R8 buyers are interested in saving money.  They are not that expensive in the greater scheme of things.  Some will be Footballers or entertainers with a humungous income and it is "easy come- easy go".  Many buyers of such cars will be buying as a dream - many people receive annual bonus / redundancy / retirement lump sum / inheritance that could fund such a purchase.  They still value their money and will seek to acquire the car of their choice in the most cost-effective manner.  While such a car is very much a choice from the heart rather than the head, the consideration of alternatives will still very much be part of the process, and there are many alternatives to pick.  

Generally, people don't get to the point where they can choose (and afford the choice) of an R8 or similar if they are not very financially astute and totally MSE.  Rich people do not spend frivolously as that is the surest way to become poor.

I am sure there is a R8 forum where they can talk about saving money all day long

dipsomaniac

For anyone unsure about what mse is all about Just view 'all boards" and look at the section headings.  you will see it's not all about R8 owners. it's about people struggling to make ends meet and how to save a few £'s. That ethos has been totally lost in the motoring section imho

Grumpy_chap

dipsomaniac said:

For anyone unsure about what mse is all about Just view 'all boards" and look at the section headings.  you will see it's not all about R8 owners. it's about people struggling to make ends meet and how to save a few £'s. That ethos has been totally lost in the motoring section imho

You are being selective rather.
Clearly, those strugglling to make ends meet have the biggest challenge, but there are plenty of other boards where the focus is making the most of a lot go further - just look at the people concerned about pension annual contributions or lifetime limits, or the threads about avoiding £100k income tax sacrifice of the personal allowance.  Or those taking holidays to Vegas or other expensive destinations.
Not all the ethos of struggling to make ends meet.

DB1904

iwb100 said:

DB1904 said:

iwb100 said:

It’s mad. Wife and I ordered new cars a couple of months back. Keep seeing second hand versions of said car with say 10K miles on them for more than we paid for new. Because it’s here and available it’s £4K more expensive. Even with miles on. Absolute madness, just glad we can wait for new ones and not end up in the crazy second hand market right now.

Used cars will probably be back to normal in 2023, when your new car arrives. 

Or not. Nobody knows. As I’ve been told by those in the trade there is a lag to these things. You don’t turn the second hand market on instantly and the volume in new to do so certainly isn’t happening this year.

Cars are due before 2023 anyway. That doesn’t mean much but prefer to have it done that wait to see what happens in the market. It’s a double edged sword as it locks in the value of our existing ones whilst market is high. 

Do you know that for sure or are you being told that by the salesman? They have no doubt valued your current car at the time you ordered the new one. I bet there are a number of threads to come on here where a buyer ordered a car with a delivery time of 20 weeks. When their new car is delivered in excess of 52 weeks they then find their trade in is worth several thousand pounds less. 

iwb100

DB1904 said:

iwb100 said:

DB1904 said:

iwb100 said:

It’s mad. Wife and I ordered new cars a couple of months back. Keep seeing second hand versions of said car with say 10K miles on them for more than we paid for new. Because it’s here and available it’s £4K more expensive. Even with miles on. Absolute madness, just glad we can wait for new ones and not end up in the crazy second hand market right now.

Used cars will probably be back to normal in 2023, when your new car arrives. 

Or not. Nobody knows. As I’ve been told by those in the trade there is a lag to these things. You don’t turn the second hand market on instantly and the volume in new to do so certainly isn’t happening this year.

Cars are due before 2023 anyway. That doesn’t mean much but prefer to have it done that wait to see what happens in the market. It’s a double edged sword as it locks in the value of our existing ones whilst market is high. 

Do you know that for sure or are you being told that by the salesman? They have no doubt valued your current car at the time you ordered the new one. I bet there are a number of threads to come on here where a buyer ordered a car with a delivery time of 20 weeks. When their new car is delivered in excess of 52 weeks they then find their trade in is worth several thousand pounds less. 

Nobody knows that for sure. And I’d certainly not bank on it as I say. 

The equity in the cars is locked in. Dealers are doing this and yes I’ve got it in writing. Subject to mileage not exceeding existing agreement and FSH etc…

gord115

I reckon, in a few months time when the soaring cost of living kicks in,the price of used cars will plummet. 
Only my opinion but as people see prices of fuel and groceries etc go through the roof the last thing they will be thinking of is a new motor.

iwb100

gord115 said:

I reckon, in a few months time when the soaring cost of living kicks in,the price of used cars will plummet. 
Only my opinion but as people see prices of fuel and groceries etc go through the roof the last thing they will be thinking of is a new motor.

Given something like 90% of cars are bought on finance and there are something like 7M cars on finance being driven around I don’t see the market going. End of their deals people will either have to pay off the car or get a new one or go second hand. I predict more and more will buy second hand. It’s not a case of people spending more for a new car. People will be able to spend less to get into something ‘new to them’ and in this cost of living squeeze that will be attractive. 

motorguy

dipsomaniac said:

For anyone unsure about what mse is all about Just view 'all boards" and look at the section headings.  you will see it's not all about R8 owners. it's about people struggling to make ends meet and how to save a few £'s. That ethos has been totally lost in the motoring section imho

As has been said, selective reading as usual.

The ethos of MSE is about saving money on the things you want.  That covers foreign holidays, new cars, house purchases, days out, meals out, hobbies and leisure activities as well as energy bills and fuel.  

I'm constantly surprise at why you think you're in charge of MSE, and not the forum admins?  The posts on here cover a wide range of all aspects of car ownership.  It was never about how to do your own spannering and how to practice bangernomics in the extreme - and i've been on here nigh on 20 years.

You need look no further than outside your own front door to see how diverse car ownership is.  Doesnt your wife lease a new VW Golf, yet you practice bangernomics?  Shouldnt she, and people like her be able to come on here to get advice on the best tyres and where to get them cheapest, or where to get the cheapest insurance, or how to get the best value breakdown cover?  Who says there should be a gatekeeper on this forum that would go "no, no you cant post any of that on here because you dont do your owner spannering and dont run the oldest viable car you can"?

I'd suggest that 

(a) if you want to see more posts about doing your own spannering and bangernomics, then you lead from the front and post them and

(b) the threads you dont like - just scroll on by.  No one needs to hear you droning on again about how threads like this shouldnt be allowed, when clearly people are enjoying contributing.