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Second hand car market, when is it going to.....

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VAG group reached "aspirational" status in the UK some time ago. Along with BMW and Merc.


 
Posted : 07/03/2023 12:35 pm
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@ Vondally, if your daughter is near to Carlisle, this dealer has some excellent cars, and is a really trusted guy. He's got the 2020 Honda Civic for sale, over average miles, but still a bargain for someone. The civic can take an MTB, dogs, and people in them too.
https://www.usedcars4less.co.uk/Showroom#/details/6


 
Posted : 07/03/2023 12:59 pm
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I am up in Keswick tomorrow so may look in at Carlisle, cheers


 
Posted : 07/03/2023 1:13 pm
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I do not regret moving to a small turbo charged petrol after 15 years in diesel. I get as many mpg's from it (so cheaper fuel and servicing) and it was cheaper to buy than a diesel.
Yes the prices are silly.
But so may be your trade in value - I was astounded yesterday to see an identical car to our small & old one - 2012 Ibiza estate 1.4 16v with 110k on - currently for sale for £3k. We paid £7k for it at 20kmiles/9 years ago...
I miss the Volvo for all sorts of reasons - but the rational 'I need a reliable car, and it needs to cost less on repairs' has been (so far!) the right decision.


 
Posted : 07/03/2023 1:39 pm
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I suspect the incresing number of ULEZ / Clean Air Zones (CAZ) in city centres is going to contribute to prices being adjusted. Sheffield has implemented a CAZ and this doesn't (currently) affect personal vehicles, but other cities may well do. If many more cities introduce CXAZ's then non ULEZ diesels aren't going to be pariculalry attractive to city dwellers.

I did a WBAC quote on our car (Euro 5C) and they offered £7k, whereas Autotrader suggests £10k is the going rate. Are WBAC clever enough to look at my postcode and deem that local resale is going to be low due to the CAZ (even though they operate nationally), or are they just offering me a price for a quick sale?


 
Posted : 07/03/2023 1:44 pm
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I did a WBAC quote on our car (Euro 5C) and they offered £7k, whereas Autotrader suggests £10k is the going rate. Are WBAC clever enough to look at my postcode and deem that local resale is going to be low due to the CAZ (even though they operate nationally), or are they just offering me a price for a quick sale?

Sounds about right, that's a normal WBAC price. Mine comes out at £17k from WBAC and dealer prices are from £19k-£23k.


 
Posted : 07/03/2023 1:52 pm
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WBAC will aim to pay you a lot less than £7k, of course - that £7k offer is for a mythical "never driven off the forecourt" condition.


 
Posted : 07/03/2023 1:58 pm
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In your daughter's position, I'd probably look for a decent 10+ year-old Mondeo for £2-3k - then potentially change to something newer later if the market does drop (or just stick with it).


 
Posted : 07/03/2023 2:57 pm
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I’m not entirely sure. I paid £5k for my bottom of the range petrol Mazda 3 in 2016. It’s now 14 years old, I’ve put about 50k miles on it, and Autotrader suggests it’s now still worth something like £3000. That doesn’t sound like the bottom falling out of the market!

Maybe optimistic, there's loads of ~2008 Mazda 3's on eBay up for £950-£1400.


 
Posted : 07/03/2023 4:05 pm
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you might find some cars impacted by the London ULEZ expansion will reduce the price of pre 2015 diesel cars coming onto the market.

I don't know if I buy this. ULEZ has grown twice in London and there wasn't a reduction in prices, and people didn't dump their cars overnight.


 
Posted : 07/03/2023 6:00 pm
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I do not regret moving to a small turbo charged petrol after 15 years in diesel.

Have you checked your intake manifold? Does it need walnut blasting? 🙂


 
Posted : 07/03/2023 6:05 pm
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Have you checked your intake manifold?

It's due it's first service under my (and my fussy mechanic John's control), I'll let you know in a fortnight...


 
Posted : 07/03/2023 8:29 pm
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Maybe optimistic, there’s loads of ~2008 Mazda 3’s on eBay up for £950-£1400

That's a good deal I reckon! Maybe OP should cop one, it's a great little car...


 
Posted : 07/03/2023 8:57 pm
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I think the main one is that we’re hopelessly addicted to cars, and willing to pay extraordinarily large chunks of our income to own one, or several.

Of course we are, when public transport outside of any given city remains woefully inadequate, and is getting worse by the day, leaving people in rural areas without a car absolutely stuffed if they need to actually go shopping, go to a bank and have an appointment f2f with a real, sympathetic human, (sometimes), or just for social purposes.

I challenge anyone who claims they can manage without a car to live with my friend in her cottage near Castle Combe for a couple of months. It’s a mile walk to the nearest main road where a bus might be caught once or twice a day, and that’s either across country to Castle Combe, or along the Fosse Way, a narrow road with no footpaths or lighting, and with a couple of steep hills and sharp bends. I’ve walked it, it’s bloody scary. It’s two miles in the other direction to the A420, just as dangerous to walk, but more buses.


 
Posted : 07/03/2023 11:59 pm
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That civic above is a good deal as done 80k in 2 years, I once bought a car at auction that had done 50k in 1st year, all dealer services. Properly run in and all motorway miles, went on for about 10 years never missing a beat.


 
Posted : 08/03/2023 9:06 am
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finance required sir, nope, ohhhh

We generally buy a car on finance and then pay it off early. Usually within the first year, but sure you could do it in the first month.


 
Posted : 08/03/2023 10:12 am
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2nd hand prices are bonkers. We've been trying to replace an E39 535i since it munched its timing chain guides. 15-20k for 5-8yr old stuff nowhere near as nice. There are plenty of idiots prepared to pay these prices, but I refuse to join them. Chucking a couple of grand at it to fix it. Probably only worth that when repaired, but hey.


 
Posted : 08/03/2023 10:23 am
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I challenge anyone who claims they can manage without a car to live with my friend in her cottage near Castle Combe for a couple of months. It’s a mile walk to the nearest main road where a bus might be caught once or twice a day

Sounds cosmopolitan compared to where I used to live 🤣. As part of some EU regional funding we (the Parrish council) were told we were getting a bus stop as there was finding for every village to have one.

The fact that the nearest bus route was 3 miles away and technically in another county wasn't a problem for the person with the funding. (And yes I had to walk/ride for the bus every morning).

And more importantly, just imagine how much better things would be for the 1% who probably can't survive without a car, if the other 99% stopped kidding themselves it was them.


 
Posted : 08/03/2023 10:31 am
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leaving people in rural areas without a car absolutely stuffed if they need to actually go shopping, go to a bank and have an appointment f2f with a real, sympathetic human, (sometimes), or just for social purposes.

Rural Cumbria here. 6 hilly miles to the nearest shop.
One community bus per week that gives you a couple of hours in Penrith.
You can however get on a bus with the secondary school kids I believe before and after school. Term time only of course.


 
Posted : 08/03/2023 10:49 am
 mert
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We generally buy a car on finance and then pay it off early. Usually within the first year, but sure you could do it in the first month.

My ex did it after week. Got a nice discount off the car and some extras (good deal on a service plan, mats, new tyres, roof rack etc) because she took their finance.

Waited until the paperwork arrived and paid them the £20k outstanding balance the following day.

I challenge anyone who claims they can manage without a car to live with my friend in her cottage near Castle Combe for a couple of months. It’s a mile walk to the nearest main road where a bus might be caught once or twice a day

Should move to a tiny flat in the nearest city that costs three times as much and then she could have all the benefits of living in a city... noise, pollution, overcrowding, building damage due to the 26 buses an hour that trundle past her bedroom window 24 hours a day, 7 days a week...


 
Posted : 08/03/2023 10:53 am
 tomd
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But so may be your trade in value – I was astounded yesterday to see an identical car to our small & old one – 2012 Ibiza estate 1.4 16v with 110k on – currently for sale for £3k. We paid £7k for it at 20kmiles/9 years ago…

I'll have one of these to sell in next month or so. 85K 13 plate. Very surprising what they're going for - similar on autotrader over £4k. Cost me £6500 3 years old 25k miles from a SEAT dealer in 2016.


 
Posted : 08/03/2023 11:07 am
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Skoda are a normal brand now, not a premium brand, same as Ford, VW, Peugeot, etc.

BMW, Audi, Lexus, Merc, etc, premium.


 
Posted : 08/03/2023 11:07 am
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We generally buy a car on finance and then pay it off early. Usually within the first year, but sure you could do it in the first month.

So long as the early termination and apr charges dont count for more than the cost of the discount. Most apr through garages at the moment is getting on got 10%. I would be surprised if discount would be 10%


 
Posted : 08/03/2023 11:14 am
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Not sure prices will fall but there may be some divergence on regional prices.

With many cities implementing ULEZ schemes - the London extension will impact 200,000+ cars in London and several times that for drivers crossing the border of the new zone, there will be more demand (higher prices) for petrol cars and less demand (lower prices) for diesel cars in these areas.

Outside of London / other cities this could mean a new diesel car will be a good bet so long as it's used out of the current / proposed ULEZ schemes.


 
Posted : 08/03/2023 11:20 am
 mert
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Isn't there a loophole where you can cancel the finance within the first 14 days with no charge?

Might need to have a read of terms and conditions...

Ex had no early termination charge. But this wasn't in the UK.


 
Posted : 08/03/2023 11:20 am
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yes, it's the 14 day cooling off period.


 
Posted : 08/03/2023 11:27 am
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Pretty sure with ours we've never had to pay any early repayment charges, perhaps it depends on the type of finance you take?

If you cancel the finance during the cooling off period is there any come back from the garage? The car sales reps probably give stuff away as they'll get paid on the finance, so if you use the cooling off period do they still get paid?


 
Posted : 08/03/2023 12:40 pm
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I have read that if the finance is cancelled within the first three months, then the dealer will lose their commission on the sale, which is fine if its not the dealer you potentially will be using to service the car or process any warranty claims through.

Do we have any car salesmen here who would like to comment on that?


 
Posted : 08/03/2023 12:45 pm
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We've done this 3 times now. Use their financial deals to get the discount and then pay it off within the 14 days.
Easy to do and no issue at all. We've gone on to use the service/warranty over the years with each car and also not been an issue. You never deal with the sales team again post purchase. It moves over to customer service department.


 
Posted : 08/03/2023 12:51 pm
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I'd look at something like this:

https://www.autotrader.co.uk/car-details/202302244580608?advertising-location=at_cars&year-to=2023&onesearchad=New&onesearchad=Nearly%20New&onesearchad=Used&sort=relevance&radius=1500&make=Toyota&postcode=s118rb&body-type=Estate&fuel-type=Petrol&include-delivery-option=on&model=Avensis&page=1

Naturally aspirated, cam chain, 39mpg, every chance it will be rust free, mine of the same age sails through MOTs with no advisories, family size with a good boot. I'd say it'd be good for a few years and cost v little.


 
Posted : 08/03/2023 4:10 pm
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If the finance deal is cheap no reason to use up cash and pay it off early, especially with double-digit inflation.


 
Posted : 08/03/2023 4:27 pm
 mrmo
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But then even ICE cars are 9 months lead time still

Where are you looking, or are you being picky. I walked into the dealer at the end of my PCP last November and had a new car in a couple of weeks. Just buy what's in stock. What is shocking is that a lowly specced Polo is now 20k. It'll do what i need and be fairly cheap to run.


 
Posted : 08/03/2023 4:39 pm
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