Crazy used prices

[Deleted User 4436]

What goes up must come down..

my blood pressure may prove you wrong……

[PorscheMack]

What goes up must come down..

my blood pressure may prove you wrong……

You're right, but it will increase for a different reason when your car arrives!!

[EDZ]

Will be interesting to see how things play out, I predict a small rise first quarter of next year then tailing off second Mine will be sold long before then anyway so what will be will be.

Anyone else have a prediction?

My prediction is that they will continue to slowly fall. People are beginning to realise how over priced the second hand market is and what a sizable depreciation knock they will take as the market readjusts. Those that had to buy have done so. Dealers have been crazily buying stock and all now have heaving forecourts, hence the drop in quoted prices by car supermarkets (Cazoo, WBAC) etc. Interest rates are by the looks of it guaranteed to start rising towards the end of the year and at the latest January next year as already stated by the bank of England, so mortgages on the rise and people starting to tighten their belts are just a few factors for my prediction.

[PorscheMack]

Will be interesting to see how things play out, I predict a small rise first quarter of next year then tailing off second Mine will be sold long before then anyway so what will be will be.

Anyone else have a prediction?

My prediction is that they will continue to slowly fall. People are beginning to realise how over priced the second hand market is and what a sizable depreciation knock they will take as the market readjusts. Those that had to buy have done so. Dealers have been crazily buying stock and all now have heaving forecourts, hence the drop in quoted prices by car supermarkets (Cazoo, WBAC) etc. Interest rates are by the looks of it guaranteed to start rising towards the end of the year and at the latest January next year as already stated by the bank of England, so mortgages on the rise and people starting to tighten their belts are just a few factors for my prediction.

I agree with all of this...

[Kleynie]

Will be interesting to see how things play out, I predict a small rise first quarter of next year then tailing off second Mine will be sold long before then anyway so what will be will be.

Anyone else have a prediction?

My prediction is that they will continue to slowly fall. People are beginning to realise how over priced the second hand market is and what a sizable depreciation knock they will take as the market readjusts. Those that had to buy have done so. Dealers have been crazily buying stock and all now have heaving forecourts, hence the drop in quoted prices by car supermarkets (Cazoo, WBAC) etc. Interest rates are by the looks of it guaranteed to start rising towards the end of the year and at the latest January next year as already stated by the bank of England, so mortgages on the rise and people starting to tighten their belts are just a few factors for my prediction.

Yes, but the PX/selling prices are also higher, so the counteracts the future depreciation loss in some ways

[EDZ]

Will be interesting to see how things play out, I predict a small rise first quarter of next year then tailing off second Mine will be sold long before then anyway so what will be will be.

Anyone else have a prediction?

My prediction is that they will continue to slowly fall. People are beginning to realise how over priced the second hand market is and what a sizable depreciation knock they will take as the market readjusts. Those that had to buy have done so. Dealers have been crazily buying stock and all now have heaving forecourts, hence the drop in quoted prices by car supermarkets (Cazoo, WBAC) etc. Interest rates are by the looks of it guaranteed to start rising towards the end of the year and at the latest January next year as already stated by the bank of England, so mortgages on the rise and people starting to tighten their belts are just a few factors for my prediction.

Yes, but the PX/selling prices are also higher, so the counteracts the future depreciation loss in some ways

But most people that part exchange are going for a younger and better car at a higher price so their loss will be greater on there new buy. But agree it is slightly better if you are doing part X

[PorscheMack]

If you look at this logically when used cars start selling for more than new ones there's only one way this can go.. It's just a case of when!!

[mark-yorkshire]

What goes up must come down..

Just checked my previous Boxster T again on WBAC - down another £1,130 since 7th November which therefore means it’s down £10,000 since August ! Glad I sold in August. Just wish my Macan build would get a move on.

[Percymon]

Cazoo are already a few grand below everyone else. Trust me I know as I am in the process of buying.

Some of the Cazoo base and S models have been odd specs, certainly not got the extras a lot of people hear would say were essential (xenons, leather, pano for example). When it comes to their GTS models they are already well spec'd and not too many extras needed to be added when new

[Percymon]

Will be interesting to see how things play out, I predict a small rise first quarter of next year then tailing off second Mine will be sold long before then anyway so what will be will be.

Anyone else have a prediction?

My prediction is that they will continue to slowly fall. People are beginning to realise how over priced the second hand market is and what a sizable depreciation knock they will take as the market readjusts. Those that had to buy have done so. Dealers have been crazily buying stock and all now have heaving forecourts, hence the drop in quoted prices by car supermarkets (Cazoo, WBAC) etc. Interest rates are by the looks of it guaranteed to start rising towards the end of the year and at the latest January next year as already stated by the bank of England, so mortgages on the rise and people starting to tighten their belts are just a few factors for my prediction.

PCP payments will rise but those who have just signed new, or are about too will have offset that by the higher part ex of current lease. It might take the next wave of PCP renewals to fully see the impact on peoples buying power