Car Prices... what the...

BOWFER

Penelopa.Pitstop said:

I can't comment on it. That's what neighbour told me, he wanted to keep the car.

This may be the key point, whether he said 'buy' or 'keep'
Arval may well have turned down a request from him to keep the car, as in extend the lease.
But given they are very open about their willingness to sell you their lease cars, I can't fathom any reason they'd have said no just for him.

Penelopa.Pitstop

OK, now it's words game. He's not stupid. He's been leasing for years and obviously, he didn't expect to keep the car for nothing. He wanted to buy it. I used this specific word in my previous post.

BOWFER

Penelopa.Pitstop said:

OK, now it's words game. He's not stupid. He's been leasing for years and obviously, he didn't expect to keep the car for nothing. He wanted to buy it. I used this specific word in my previous post.

Well the evidence is there, I can't fathom why they'd specifically deny him something that they freely advertise.

pred02

We had a baby born last week and need to purchase a second hand car. I have been looking for a while realising in the period of looking the cars have gone up 15-20% over the last 6 months.  We can bite the bullet now or wait until October as we have some time abroad the car would be sitting at home. Yesterday I looked at a car whose price moved from £17999 to £18151 overnight!

I know cannot predict the used car market but wanted to see what other people thoughts about the general trend a few months from now.

Thanks

Sea_Shell

pred02 said:

We had a baby born last week and need to purchase a second hand car. I have been looking for a while realising in the period of looking the cars have gone up 15-20% over the last 6 months.  We can bite the bullet now or wait until October as we have some time abroad the car would be sitting at home. Yesterday I looked at a car whose price moved from £17999 to £18151 overnight!

I know cannot predict the used car market but wanted to see what other people thoughts about the general trend a few months from now.

Thanks

I asked a similar question up thread, and had no responses....so I don't think anyone knows where this is going.

Are the prices going to hold up, for the foreseeable, or fall back to where they would have otherwise been.    So not just losing this years "appreciation" but "depreciating" by the "usual amount" in addition.    Double whammy??

Grumpy_chap

Logic says the prices of used cars cannot keep going up as the gap between 2yo <10k used cars and online brokers for the same new car is now so narrow as to be ridiculous.

Sea_Shell

Grumpy_chap said:

Logic says the prices of used cars cannot keep going up as the gap between 2yo <10k used cars and online brokers for the same new car is now so narrow as to be ridiculous.

I agree they cant keep rising...but what about the rate at which they will fall?    Will they "hold on" to their gains?

daveyjp

Grumpy_chap said:

Logic says the prices of used cars cannot keep going up as the gap between 2yo <10k used cars and online brokers for the same new car is now so narrow as to be ridiculous.

Thats fine if the new car is available.

Lead in times for some models are now over 12 months, which is why used prices are rising. 

If you need a car you can't wait a year.

BOWFER

Colleague got offered £5000.00 from WBAC for his wife's Mini a few months back
Now being offered £7500.00
Given that a dealer woukd be looking at adding at least a grand onto that, I've no idea who is actually buying Minis of that age for £8500.00.....

molerat

molerat said:

New listings for my model age / spec are coming on at £500 more than last week.

And now another £1K to £1300 on top of that.