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I’ve sold the campervan & now without a car, which I do need. In the past I’ve been a big bangernomics fan & always managed to pick up a fairly unfashionable low mileage car easily. Usually old people’s cars.
WTF has happened to used car prices?? It’s ridiculous; there’s always been a difference between a £500 car and a £1500 car, but they’re all the same or just good for scrap at the lower end of the price range. What’s happening..!!!???
Are you aware of global events of the last 18 -20 months.
Try buying a new car that isn't on the forecourt already.
Supply and demand.
There may be a passat going up for sale soon!
They're still out there. You just need to keep looking. Vauxhall Agila, that's the fella.
Chap on here has an old Golf which may be coming up soon...
.
But there are still decent sub-£1k cars out there, they just seem to take a lot more finding than they used to. If you are old enough not to worry about insurance bigger is better, small stuff does seem particularly expensive.
What’s happening..!!!???
The silly decision to go electric?
The govt have all gone crazy "green" now trying to save the world.
Electric isn't going to impact on bangernomics for 20 years at least.
They're out there, I bought a Bangernomics Berlingo at peak COVID. Facebook marketplace is the new place to look. Especially if you can find an owner's group for what you're after.
But yea, the last 18 months have pushed values up quite a bit. £700 probably buys you something that would have been scrapped a few years ago due to lack of demand even if it will soldier on another few years.
The silly decision to go electric?
The govt have all gone crazy “green” now trying to save the world.
Yeah that's the clincher. Absolutely nothing to do with a global pandemic...
Electric cars are very expensive, don't do it for alot of people (for many reasons) and people see the swap over coming and want to get a petrol/diesel engined car before the deadline but supply is squeezed due to the impact of the pandemic.
Alot of people I know are scrabbling to get, what they think, are the final iterations of petrol/Diesel engined cars while they can and before they are no longer available or go electric. e.g. a mate of mine has always wanted a BMW M car and has been desperate to get one now as he's convinced the current cars are the 'last proper M car' there will ever be. He finally found a 12 month old used one, 'paid' (i.e. financed) the same price as a brand new one would have been and as far as he's concerned its a keeper so he's justified it that way. The prices of these things will rocked post the EV switch over date so if you have an even mildly hot or desirable petrol or diesel car right now then consider keeping hold of it. Probably better than putting money in the bank right now even at today's premium asking prices.
Focus MK1 with 70k on my drive in South Wales. No issues £350
a mate of mine has always wanted a BMW M car and has been desperate to get one now as he’s convinced the current cars are the ‘last proper M car’ there will ever be.
A bit of thread derailment off a Bangernomics Vs Berlingo discussion.
But that just seems bonkers anyway. Will his warm fuzzy feeling last beyond the first time a Tesla* beats him away from the lights?
*other electric cars with a "ludicrous" button will no doubt be available within a couple of development cycles.
Probably better than putting money in the bank right now even at today’s premium asking prices.
I doubt it. Once production starts again all these "I sold my car for more than I paid for it" anecdotes will become "my 3 year old car I paid over the odds for is now worth what you'd expect for a 3 year old car". Unless by banks you meant Bitcoin in a bad day/month/year.
But that just seems bonkers anyway. Will his warm fuzzy feeling last beyond the first time a Tesla* beats him away from the lights?
It's about the experience rather than the result - why do men go all prehistoric with a BBQ but couldn't give a monkeys about cooking in an oven which is way more efficient. 🙂
There may be a passat going up for sale soon!
Now whilst my Insignia didn't last 7 months, so far I quite like my Passat...what gives?? 😉
True, but then the "experience" is then being able to go quickly (in a big relatively comfortable car rather than a sports car). The fact it'll do it efficiently on £5 for a "tank" of fuel is a bonus.
How many people will actually strip and M3 to bits and build a race car out of it? For everyone else it's just dick measuring by proxy 🤷
Go on Autotrader and in keywords put 'passed away'. Usually you'll find something that's being offloaded cheap because the previous owner is no longer in a position to drive a motor vehicle.
It’s about the experience rather than the result
Is it? - It's worth remembering this is a thread about Banganomics not stretching your company car allowances for more horses or spanking you're inheritance on a toy...
Affordable transport for those not wed to the idea of new and shiny and/or peak performance...
Current stupid used car prices are due in no small part to people dumping their leased/PCP'd motors over the last year and a half. They've probably not been driving the damn things (WFH), and they might well have been facing some financial uncertainty, hence they joined in the market for a banger, and supply suddenly outstripping demand drove prices up...
There will probably be a readjustment in the next couple of years I reckon.
Leccy is still on the (relatively) distant horizon for most.
Not typically affordable, the current adopters are still mostly an income tier above the rest of us looking at used cars today. That's not what's adjusting used car prices upwards now. If anything it's the opposite, increased demand, driven by changing personal circumstances, due in no small part to the pandemic has had an impact (IMO of course)...
Wow, prices are crazy aren't they. I haven't been looking so not noticed.
We bought a Jazz as the wife's first car a couple of years ago. It was an absolute shitter and had something like 170k miles. Got it for £250 ran it for a year until MOT was due and sold it for £100. Just had a look on FB marketplace and it would seem the same sort of thing is now worth around £800-1000.
I was going to buy something in April so I hope it all calms down by then.
It's gone mad for sure.
I had to reset my expectations when looking for a banger/shed recently too.
Gone are the days of easily picking up a car with a bit of MOT for £500, which I've done many times in the past. Went to see loads of ropey stuff with £1500-£2000 asking prices.
Facebook and gumtree were full of dodgy 'traders' masquerading as private sellers, and the stuff on AT and the other classifieds were generally lemons with high asking prices.
For anyone in the NW of England I've got an 07 Jazz that will be available soon.PM me and I'll let you have the details.IANACD 🙂
May swap for a medium 29er hardtail frame, no Playstations/X Boxes or BMX,no silly offers or you'll be blocked 🙂
a mate of mine has always wanted a BMW M car and has been desperate to get one now as he’s convinced the current cars are the ‘last proper M car’ there will ever be. He finally found a 12 month old used one, ‘paid’ (i.e. financed) the same price as a brand new one would have been and as far as he’s concerned its a keeper so he’s justified it that way. The prices of these things will rocked post the EV switch over date so if you have an even mildly hot or desirable petrol or diesel car right now then consider keeping hold of it. Probably better than putting money in the bank right now even at today’s premium asking prices
I think anyone buying a second hand BMW M series during what is temporarily the most expensive time to buy a second hand car has fatally misunderstood the market, in 5 years it could well be taxed off the road and worthless, and paying the same as a new one is as far from a clever investment as you can get, I think he has called it very wrong.
Bangeromics...bad time, hold out till the market settles.
I’ve got an 07 Jazz that will be available soon
Nick- WOTS UR BEST PRICE? CAN YOU DELIVER TO S EAST? GOT CASH WAITING.😉
FB-ATB
Full Member
BLOCKED 🙂
OP Have a word with RustyNissanPrairie as he has a Mk4 Golf that's surplus to requirements soon.
Thought I might resurrect this thread.
Bought a 1998 Nissan Primera SLX with 74k miles for £450. Needed something to replace the van I wrote off recently. Van prices have got really mad since Covid and anything in my budget is really high mileage or just shit. Mostly both. Got a few nicks and bumps but bought as I can get a bike in the back easily
Bought it off someone who was going to scrap it. He had owned it since 2005 and really looked after it but he is getting on and it was costing him £200 a year just to park it in his road plus insurance had got really expensive. MOT till August next year and there were a few adviseries that he had fixed.
Drives really nicely with no knocks or bangs so should do for a year or so till prices normalise. So there are banganomic cars out there just need to be lucky when they come available.
Van prices do seem to be starting to drop.
The Berlingo died:
Of the Last two years its economics look something like:
Depreciation: £225 (net between purchase and scrap)
Towbar: £60 (net between purchase and resale)
Insurance: £550
Work Mileage @ 45p: +£6750
Fuel : £3300 (ouch!)
Tax: £440
Maintenance : £50
Total profit: £2100, think that's fairly economical motoring 😁
Van prices do seem to be starting to drop.
Yes, I have been looking for awhile and the more outrageous ones are not selling at their original prices, they drop them eventually. They are falling slowly but still way above what they used to be.
I'm not in a hurry now and can afford to wait till the right one comes up and I should be able to sell the Nissan for what I paid