Those online car dealers are starting to look pretty shaky. Cazoo were offering absolutely daft money for cars when I was looking to sell mine. They are making huge losses and warning about impact of recession. I would be very nervous buying a car from one of them now, what happens if they go pop between payment and delivery…
The converse of this is that it's easy getting rid of your own cars. I've sold our two (13 and 16 years old) recently. One was a complete non-runner. Together they fetched 3k. New car (very untrendy diesel, not ULEZ) was 6k. So it didn't cost that much to change really.
I usually get cheap cars and run them until they're fubared. I am not a car person. Genuinely don't understand how any car is fun unless you have your own race track or like visiting car parks late at night. I live in the South East though, not the Highlands or anything.
I usually get cheap cars and run them until they’re fubared. I am not a car person. Genuinely don’t understand how any car is fun unless you have your own race track or like visiting car parks late at night. I live in the South East though, not the Highlands or anything.
This is pretty much my attitude/practice and I'm in a similar position now we've got an 08 plate french diesel that stubbornly passed it's MOT again in October, meaning another year of cheapish transport, but I just know when something goes in the next 12 months it's going to be a bigger job than I want to pay out for.
I really would like to go to something newer a bit smaller and petrol (even used leccy is well out of my price bracket) but we need 5 proper sized seats and a boot and an auto gearbox, all of which bumps the prices through dealers. While private sellers are a bit cheaper, I think a few more people have started hitting the auctions and flipping from their front garden just as something to do during furlough/retirement. It's become easier to buy a knackered car for far more than its worth... I might just leave it for another 12 months pop some fresh tyres on the shitbox and see how 2023 goes...
08 is hardly a shit box. We keep our cars as long as we can, mainly as they are looked after. MrsF's V plate Yaris was sold after 19 years as she wanted something bigger - got a Qashqai 12 plate at about 4/5 years old, we've had it 8 now and it has cost nothing other than services, anti roll bar links and a lower engine mount, done by me (peanuts). Had my old Nissan Primera 2002 since 2003 - so nearly 20 years in my hands. Had a rear calliper replaced this year, and a front suspension knuckle which was £500 ish. (less than a month's lease on something decent).
It was running rough recently, but the car hadn't been used much as I'm cycle commuting - treaced to bad earth in rear light - where the fuel pump takes an earth - it's even all "canbus" in my old barge. It's an ace motorway cruiser, and big MTB hauler.
Unitl they go really wrong, it's way better to keep them going (and look after them) - far greener than a new lease car every three years that my sister and BIL do - or much more often recently (PS they can't fix cars though).
If you are handy, then keep/buy older. Even my old car is ULEZ !
got a Qashqai 12 plate at about 4/5 years old, we’ve had it 8 now
You are living in the future.
got a Qashqai 12 plate at about 4/5 years old, we’ve had it 8 now
You are living in the future
How did Labour do in the general election?
far greener than a new lease car every three years that my sister and BIL do – or much more often recently (PS they can’t fix cars though).
Do they send them to the crusher when the lease is up?
We have got a 2019 plate car coming to the end of its lease.
New car prices are ridiculous, and quite frankly electric cars even more so ridiculous and I really cant be bothered putting all the infrastructure in to my house only for it to be obsolete in 10 yrs time.
Which leaves us with a car that goes back in May (no option to purchase) £5k gets you naff all car in the 2nd hand market at the moment, but I am guessing no one wants to spend much money on cars at the minute so its a suppliers market and therefore prices are only going to keep going up!
I am hoping though that we might be able to get a monstrous big v6 diesel of some sort for pennies as city folk are all no longer allowed to drive them
Do they send them to the crusher when the lease is up?
Whooa there flower , talk like that doesn’t fit the pearl clutching narrative 🧐
Which leaves us with a car that goes back in May (no option to purchase) £5k gets you naff all car in the 2nd hand market at the moment, but I am guessing no one wants to spend much money on cars at the minute so its a suppliers market and therefore prices are only going to keep going up!
I am hoping though that we might be able to get a monstrous big v6 diesel of some sort for pennies as city folk are all no longer allowed to drive them
We're in a similar position. Our car ends next Sept and we'll probably end up re-financing the balloon.
We need a Diesel 4x4 to tow with and I hear the demand for these is dropping rapidly - so fingers crossed they will! 🙂
I really cant be bothered putting all the infrastructure in to my house only for it to be obsolete in 10 yrs time.
Yes they are expensive so I'm not trying to persuade you get one, but a charger can be had for £500 and you stand to save a lot more than that in a decade.
If you do average mileage, the extra cost of an EV lease compared to a diesel could easily be offset by the fuel saving. Our lease is cheap at £206, from before prices went nuts, but the commute is fairly short and even then it's saving nearly half the cost of the lease. And since we had to change our car due to an accident we'd have had to borrow money, and for anything we'd have liked (yes, privileged, looking at £4-5k cars) to drive we'd have been spending about the same in payments. Of course, if we had bought we'd have had an asset worth at least something at the end of the term.
So if you want to lease, it might not be as expensive as you think. Buying is a different equation though due to the scarcity of decent used EVs.
Do they send them to the crusher when the lease is up?
No, they sell them to someone else, who sells their car to someone else, who sells their car to someone else, and their old car goes to the crusher when it could easily have been kept on the road.
So yeah, it's not green to lease new cars every three years except MAYBE in the case of EVs.
An EV lease for anywhere close to £206 a month just isn't going to happen now.
The cheapest personal EV lease I can find that isn't an eUP city car is a Citroen eC4 which is £367 a month with no estimated deliver timescale.
I guess the mileage limit is a factor but I've based that on 12k per year which is touch and go for me. Even at 5k a year (well below the UK average) it only brings it down to about 250 a month with 9 months up front.
An EV lease for anywhere close to £206 a month just isn’t going to happen now.
Yes, as I said earlier. Cheapest is about £300 now, but as I said the fuel cost savings are pretty big so even then it might still work out for you depending on mileage.
You can get an e-UP for £300 and 8k miles a year which, if used for commuting, is about 15 miles each way which is about what we do. So you'd be saving something like £90-100/mo depending on the type of driving you have to do - those numbers are about right for us compared to a similar small petrol car, which are about £200/mo. So it's very roughly cost neutral on those terms. Upping the mileage to 15k doesn't add much to the cost but would increase the fuel savings so it probably becomes cheaper to get the EV.
Yes, as I said earlier. Cheapest is about £300 now, but as I said the fuel cost savings are pretty big so even then it might still work out for you depending on mileage.
Edited my post to clarify my assumptions on mileage so apologies for that, but I guess one of my issues is I find it hard to work out what my actual savings on fuel would be because of the fluctuating home energy prices and not knowing how much I'd have to use public fast chargers etc.
Do they send them to the crusher when the lease is up?
The trickle down economics in this case does work out in a way, more people buying new cars devalues older ones, makes them cheap for everyone.
The trickle down environmentalism doesn't. Buying a new car pushes down the prices of 2nd hand cars by increasing supply. Meaning otherwise viable cars are scrapped because they're economic write-offs. It also encourages over-consumption as households can afford 2, 3 or more cars, meaning more individual journeys and more parked cars cluttering up streets that were never designed for them. There's a finite number of cars needed in the country, and there's more than enough to go around most of the time.
So in answer to the rhetorical question, no, but for every new car bought, someone somewhere does.
I find it hard to work out what my actual savings on fuel would be because of the fluctuating home energy prices and not knowing how much I’d have to use public fast chargers etc.
Yeah it depends on the driving you do. As a commuter car or local town driver you can get away with a small city car and you can always charge at home. Ours has hardly ever been charged away from home because a 180 mile range is enough for most of our trips - but of course we have a backup diesel for holidays and work trips etc.
no one wants to spend much money on cars at the minute so its a suppliers market
I only did A level economics, but that sounds a bit off to me.
The trickle down environmentalism doesn’t.
If those new cars are EVs then it might be better to produce a new EV that might last for 15-20 years and get rid of an old petrol. Especially as our energy mix will become more renewable during that time.
Buy it… It’ll be £6k in Feb if it still hasn’t sold…
The motorbike trade requires dealers to have steady nerves and lots of operating capital in the bank… But if they have both of those, they can sit fast on any stock they have going into winter knowing that they’ll confidently sell it for £1k more in the spring!
I'm not 100% sure. It's only a CRF300. Keeping an eye on ebay and facebook there's seemingly a new 'floor' price for them every week. I think a LOT of them were bought by people watching Itchy Boots and then realizing they had 9-5 jobs with only 5 weeks holiday a year.
Offroad bikes in general have been silly the last few years, perfect storm of Kawasaki and Yamaha stopping production of their models entirely and covid meaning people wanted small commuter bikes and staycation toys. KLX250's that you could have bought for £1500 in 2019, have been selling for £3k+, before they discontinued production you could have picked one up new at a dealer for £3750!
Just under 5 years ago we sold a Fiesta 2nd hand for £10k. In a very depressing way we could now buy that same age / model Fiesta for the same money 5 years later with twice the mileage 🙁
Currently the best deal we can find is a Fiesta on 2 yr lease for £260. Bit of a change from a top of the range BMW X1 2.0 engine with maintenance that was £330 pm. Similar Car today would cost us £600 +
johnners
Free Member
got a Qashqai 12 plate at about 4/5 years old, we’ve had it 8 nowYou are living in the future
How did Labour do in the general election?
Forget the election - can you get me a Gray's Sports Almanac?
The 2nd hand market won't fall any time soon because leases are now crazy, so all these people with leases (80% of new car sales iirc) coming to an end want a cheap used car.
We have a two pronged strategy - other half prefers to lease (PCH) every three years as she doesn't want the risk of running up and down the country in an old car that 'might' leave her stranded. My car is a 2009 Mondeo that hasn't missed a beat since I got it at 15 months old. It stays until it decides to leave me!
We have the same end of leasing issue as others have mentioned, now extended by Volvo for another year (but can return at any time with 30 days notice). Replacing like for like would be minimum 50% more now than 3 years ago. EVs that are family sized are even more expensive, although I get the fuel saving bit.
We have just decided to replace the Volvo with a new Kodiac as 2nd hand prices were insane (Volvo wanted 29k for the 3 year old car that we are leasing). First time on a PCP scheme, which requires a big up front payment. The only reason that we are doing this is that Skoda had a zero % APR deal on the PCP, which makes a huge difference. We will keep that car for a long time though (I will take it on when the Mondeo dies) and that together with a fair discount on the RRP and 0% make it the cheapest long term option. Quite surprised the dealers were willing to negotiate on price tbh.