Used Car Values !!

Herzlos

Sea_Shell said:

That's still quite a wodge of cash for a 3 yr old Corsa. 

I wonder what the price of a similar 3 yr old Corsa would have been, say, 5 years ago?  


And what is that the equivalent of that would be now, taking into account inflation.

5 years ago a 3 year old Corsa would have gone for about 45% of new price at most, with a new price of about £13-17k.

Now we've got a combination of a huge increase in new price and a huge reduction in availability, which means a 3 year old Corsa now could still be more than it cost new 3 years ago. Especially if you bought at the start of covid when demand plummeted and dealers had stock to clear.

Grumpy_chap

Herzlos said:

Grumpy_chap said:

Ectophile said:

The dealer isn't going to bother to MOT it until they have a customer.  

A bit chicken and egg I suppose.

Not really, no buyer is going to be put off by a short MOT from a dealer

Well I am.
I am a buyer right now.
Before I invest my time to visit and view the vehicle, I want to see that it has a good MOT and consider any advisories.

MikeJXE

I was browsing last night out of curiosity Jaguar approved used, 1 year full manufacturer warranty 

I bought my 2016 Jaguar XE Portfolio auto with. 22,000 on the clock in 2019 for £16,000 

The same model spec and colour 2016 23,000 on the clock is £17,600 now

I will be looking for another in 3/4 years time depending on the price or run this into the ground 

Grumpy_chap

MikeJXE said:

I was browsing last night out of curiosity Jaguar approved used, 1 year full manufacturer warranty 

I bought my 2016 Jaguar XE Portfolio auto with. 22,000 on the clock in 2019 for £16,000 

The same model spec and colour 2016 23,000 on the clock is £17,600 now

I will be looking for another in 3/4 years time depending on the price or run this into the ground 

You do have a rather one-track mind.  My experience looking at the XE was this:

Grumpy_chap said:

• a premium brand car at a main dealer (of the car brand), but then it turned out was likely previously used as a taxi (which cast doubt on the claimed low 17k mileage for 4-yo car).  This should be as good a provenance as you can get.

Once I queried it, the Dealer did get rather shirty with me and how he (the Buyer) would get in trouble for missing something in the vehicle's history.  A more sensible response (that may still have secured a sale) would have been to provide information on alternative vehicles that meet the same spec etc.  

Herzlos

Grumpy_chap said:

Herzlos said:

Grumpy_chap said:

Ectophile said:

The dealer isn't going to bother to MOT it until they have a customer.  

A bit chicken and egg I suppose.

Not really, no buyer is going to be put off by a short MOT from a dealer

Well I am.
I am a buyer right now.
Before I invest my time to visit and view the vehicle, I want to see that it has a good MOT and consider any advisories.

Why? Just insist that it has a clean MOT on it before you part with any money. Then you'll get 12 months MOT instead of potentially 9 or 10.

Unless you want to be able to drive it away today, of course. But I've found most dealers are really reluctant to do that anyway.

Grumpy_chap

Herzlos said:

Why? Just insist that it has a clean MOT on it before you part with any money. 

Well, I want to see, before I see a car, that it has a good MOT with no advisories.
If I see a car and then the Trader gets the MOT done, but I said "must have no advisories", then the report will be compliant.  If I have not had to make that stipulation, the report is more likely to be honest.

I was surprised this morning to see a car listed online with a marketing flash "free gift" if purchased.  The car was not the right one for me anyway, but I was interested to see what the "free gift" was and why they Dealer would offer that rather than just best price for the vehicle. 

The choice of "free gift" was an event voucher (Ticketmaster), family day out for 4, or overnight hotel and breakfast for two.  It makes no sense to me.  It would make sense offering an event ticket if the Dealer chain were sponsors (like O2 and the arena), or a hotel to view / collect the car if not local.  But this offer seemed to be just random things.

Herzlos

Grumpy_chap said:

Herzlos said:

Why? Just insist that it has a clean MOT on it before you part with any money. 

Well, I want to see, before I see a car, that it has a good MOT with no advisories.
If I see a car and then the Trader gets the MOT done, but I said "must have no advisories", then the report will be compliant.  If I have not had to make that stipulation, the report is more likely to be honest.

The dealer could fake it up anyway. But if they run it through an MOT when they buy it, that's an added cost if they then need to MOT it again (because most buyers will want a fresh MOT) or get rid of it through the trade. That's a cost that you as a buyer would need to pay.

Why not just look at the MOT history? Unless it's under 3 years old it'll have had an MOT in the last year.

Grumpy_chap said:

Herzlos said:

Why? Just insist that it has a clean MOT on it before you part with any money. 

I was surprised this morning to see a car listed online with a marketing flash "free gift" if purchased.  The car was not the right one for me anyway, but I was interested to see what the "free gift" was and why they Dealer would offer that rather than just best price for the vehicle. 

The choice of "free gift" was an event voucher (Ticketmaster), family day out for 4, or overnight hotel and breakfast for two.  It makes no sense to me.  It would make sense offering an event ticket if the Dealer chain were sponsors (like O2 and the arena), or a hotel to view / collect the car if not local.  But this offer seemed to be just random things.

That definitely seems odd, but people like "freebies" and stuff like cashback. In theory they'll be paying less than the value of the freebie to the buyer, but it's otherwise just marketing.   £10k + free hotel room sounds better than £9,900, in the same way that £15 with free delivery sounds better than £12 + £3 delivery. 

Grumpy_chap

Herzlos said:

That definitely seems odd, but people like "freebies" and stuff like cashback. In theory they'll be paying less than the value of the freebie to the buyer, but it's otherwise just marketing.   £10k + free hotel room sounds better than £9,900, in the same way that £15 with free delivery sounds better than £12 + £3 delivery. 

Indeed!
I am not sure that you're saving more than the face-value, especially the Ticketmaster one.
Plus, this car is well over-priced by several £k

Ectophile

Grumpy_chap said:

Herzlos said:

Grumpy_chap said:

Ectophile said:

The dealer isn't going to bother to MOT it until they have a customer.  

A bit chicken and egg I suppose.

Not really, no buyer is going to be put off by a short MOT from a dealer

Well I am.
I am a buyer right now.
Before I invest my time to visit and view the vehicle, I want to see that it has a good MOT and consider any advisories.

There won't be any advisories.  Because they will have a word with their friendly MOT inspector beforehand, to make sure there aren't any.

Ganga

Ectophile said:

Grumpy_chap said:

Herzlos said:

Grumpy_chap said:

Ectophile said:

The dealer isn't going to bother to MOT it until they have a customer.  

A bit chicken and egg I suppose.

Not really, no buyer is going to be put off by a short MOT from a dealer

Well I am.
I am a buyer right now.
Before I invest my time to visit and view the vehicle, I want to see that it has a good MOT and consider any advisories.

There won't be any advisories.  Because they will have a word with their friendly MOT inspector beforehand, to make sure there aren't any.

Can a garage get any car MOT,d anytime? i thought that you could only get a MOT one month early before the current one expired.