So ive always brought cheap cars, drove them till they get an issue that costs more than £200 to fix sell it on as spares and buy another. as it worked out alot cheaper than buying a new car, or newer second hand car.
however my car (paid £1000) was written off by the insurance the other day none fault, theyve valued it at 1700, but for even £2000 i cannot buy the same car again not even close
a car that cost me £1000 8 months ago with full mot, top spec sub 100k miles, is now looking 3-4k
people are asking like 1500 for a 2004 fiesta with 150k on! like those were scrap value previously
im just struggling to find a decent (but cheap) motor to use ive upped my budget to £4k but other than like a 2010 focus with 120k on the clock you cant geet much. (I need an estate or SUV to fit the dog (st bernard) in, so cant go buying a coupe / saloon etc.
reckon the markets going to crash anytime soon, surely covid new car sales should be over with by now.
however my car (paid £1000) was written off by the insurance the other day none fault, theyve valued it at 1700, but for even £2000 i cannot buy the same car again not even close
a car that cost me £1000 8 months ago with full mot, top spec sub 100k miles, is now looking 3-4k
people are asking like 1500 for a 2004 fiesta with 150k on! like those were scrap value previously
im just struggling to find a decent (but cheap) motor to use ive upped my budget to £4k but other than like a 2010 focus with 120k on the clock you cant geet much. (I need an estate or SUV to fit the dog (st bernard) in, so cant go buying a coupe / saloon etc.
reckon the markets going to crash anytime soon, surely covid new car sales should be over with by now.
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sorted byHappy with ones that don't comply with ulez or brum breaths. As I don't like city's anyway so avoid them as much as I can
If not argue with them and send screenshots of similar cars and the asking prices.
Won't help you buy a car cheaper but might give you more cash to buy one with !
However, when you take out your insurance, it does ask, 'What's the value of your car?'. If you put less than they're offering, that could work against you.
A few years ago, Ford would build say 5000 Fiesta zetecs and Arnold Clark, Evans Halshaw etc would buy them in their hundreds at a massive discount then pre-register them to get an extra bonus from Ford. This meant customers could get a brand new car for thousands off list price.
Sadly, those days are pretty much gone now.
It is happening on many, many products now.
Rolex are perennial price fixers, so are Apple, Sonos, Nvidia, Intel, Moncler, Gucci etc.
With regards to cars, We buy any car has had a massive effect on the market for used cars, its now the new bible.
Limited supply and manufacture means an increased premium on EVERY product.
For instance, BMW sales volume were down 10-20%, but profits up by 20%.
Making more money from selling fewer (but very expensive) cars.
Supply is largely back to normal but inflation and expensive car finance has meant people are looking towards the cheapest options. Lots of PCPs ending and people discovering that getting like-for-like now costs £100 extra a month.
I bought my car originally in 2019 for £3800, with 25000 miles on it. My car is now nearly 4 years older, has double the mileage and is now written off. Looking on the autotrader, that car is now worth £4500.
Nearly 4 years older and has been involved in an accident but it is somehow worth more than when I bought it? Crazy and irrational. (edited)
Same as milk costing 50% more. The milk hasn't increased in value, it's the value of your money which has decreased
The Germans have cracked it.
Many of those who would normally buy the missing cars second hand are looking at older cars rather than spending extra on new.
So you've got more people than usual in the market for used cars, which pushes up the prices across the board.
Other than a new source of lower priced cars coming onto the market there's always going to be that shortage so I wouldn't expect a crash.
This caused a shortage of new vehicle deliveries. Therefore, existing supplies have jumped in value.
I work for a major supplier of chassis components and before March 2020 I was dealing with the production of twice as many assemblies than I am today.
Supply and demand will always drive prices of any item you purchase.
i have been waiting 6 months for my new X Trail and my friends new Ranger that was due in January still hasnt shown up. That means that our current cars, worth about £10K each, arent on the market which in turn means the people that would be buying ours are keeping hold of their cars and so on therefore with limited car availability the prices go up. Now whether thats the manufacturers deliberately creating a back log or still a result of covid I am not in a position to judge but I wouldn’t think that the current market would be benefiting anyone.
Incidentally I have just bought my nephew his first car for £2,500, not long ago it would have been sub £1K but its the best deal I can find atm