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Post by Martin on Dec 24, 2020 14:52:28 GMT
They look to be fairly strong at the moment. I think this one is expensive and I'm not thinking of selling at the moment, so all a bit academic, but after 2.5 years it's only £7k less than we paid for a brand new factory order. The new MK8 R being a £42-3k car for the same spec won't do any harm to used values I guess. It's very close in spec to ours, just has the upgraded Nav and reversing camera. It's done 7,000 less miles, but ours is a month newer and has nicer alloys, shiny exhaust pipes and matt finish to the leather...so that must cancel out the mileage advantage!  www.autotrader.co.uk/car-details/202012026697924?advertising-location=at_cars |
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Post by ChrisM on Dec 24, 2020 16:18:26 GMT
They look to be fairly strong at the moment. I think this one is expensive and I'm not thinking of selling at the moment, so all a bit academic, but after 2.5 years it's only £7k less than we paid for a brand new factory order. Yes but... £7k less as buying price, I wonder what the previous owner received as a trade-in (or sale) price? |
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Post by Martin on Dec 24, 2020 16:26:02 GMT
They look to be fairly strong at the moment. I think this one is expensive and I'm not thinking of selling at the moment, so all a bit academic, but after 2.5 years it's only £7k less than we paid for a brand new factory order. Yes but... £7k less as buying price, I wonder what the previous owner received as a trade-in (or sale) price? Oh, quite, but it still wouldn’t be bad, as in less than I expected when I bough the car. |
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Post by racingteatray on Dec 24, 2020 16:26:40 GMT
Exactly. So trade on offer my on 440i was £18,750, about £1,350 over the GFV I've just paid. Approved Used retail would be circa £24-25k. That's circa £14-15k less than the £39k I paid for a factory order four years ago. Rather a lot more versus the actual RRP.
That's a big gap but not as actually shocking if you compare it to a Porsche. I suspect Porsche Swindon is asking at least £10k more for that Macan than they offered the first owner in part-ex.
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Post by Martin on Dec 24, 2020 16:42:07 GMT
It depends on the angle you’re looking at it from. The angle I was looking at it from is what it would cost to buy your car at whatever age it is now vs what you paid new.
I think I’d be offered c£22k as a trade in, maybe a touch more.
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Post by Martin on Dec 24, 2020 16:44:42 GMT
Exactly. So trade on offer my on 440i was £18,750, about £1,350 over the GFV I've just paid. Approved Used retail would be circa £24-25k. That's circa £14-15k less than the £39k I paid for a factory order four years ago. Rather a lot more versus the actual RRP. That's a big gap but not as actually shocking if you compare it to a Porsche. I suspect Porsche Swindon is asking at least £10k more for that Macan than they offered the first owner in part-ex. Even so, only about £400 a month depreciation, which isn’t bad. A lot less than anything you’ve been looking at recently and the GC will be depreciating at a much slower rate now. |
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Post by Martin on May 6, 2022 12:40:46 GMT
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Post by PetrolEd on May 6, 2022 13:40:36 GMT
Blimey, if I was spending that sort of money I'd want my badge to say GT3 rather then C4S.
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Post by Martin on May 6, 2022 13:43:57 GMT
Blimey, if I was spending that sort of money I'd want my badge to say GT3 rather then C4S. Exactly and it's slightly more than a 'Martin Spec' new GTS. A lack of patience carries a big premium! |
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Post by Eff One on May 7, 2022 9:58:01 GMT
At the other end of the spectrum, I realised recently that our 2013 Focus is probably worth as much now as we paid for it in 2018. And that dropping the best part of £20k on a five year old GT86 that cost £27k new is just silly.
Now seriously considering spending the £1500 or so needed to bring my Mk2 Focus up to scratch, and keeping it.
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Post by Martin on May 7, 2022 10:27:25 GMT
At the other end of the spectrum, I realised recently that our 2013 Focus is probably worth as much now as we paid for it in 2018. And that dropping the best part of £20k on a five year old GT86 that cost £27k new is just silly. Now seriously considering spending the £1500 or so needed to bring my Mk2 Focus up to scratch, and keeping it. That’s not the way to think about it. The Focus hasn’t cost you anything in depreciation, so add what you’ve saved over the 4 years to the new car budget! I agree that spending £20k on a 5 year old GT86 is daft, much better to buy a new one (£30k?) |
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Post by johnc on May 7, 2022 11:58:22 GMT
At the other end of the spectrum, I realised recently that our 2013 Focus is probably worth as much now as we paid for it in 2018. And that dropping the best part of £20k on a five year old GT86 that cost £27k new is just silly. Now seriously considering spending the £1500 or so needed to bring my Mk2 Focus up to scratch, and keeping it. That’s not the way to think about it. The Focus hasn’t cost you anything in depreciation, so add what you’ve saved over the 4 years to the new car budget! I agree that spending £20k on a 5 year old GT86 is daft, much better to buy a new one (£30k?) Quite agree Martin. We can't let man maths get hijacked by ideas that could result in fewer new toys! |
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Post by Eff One on May 7, 2022 14:17:16 GMT
I agree that spending £20k on a 5 year old GT86 is daft, much better to buy a new one (£30k?) Agreed, except you can't. For whatever reason, the UK allocation was only 400 cars. They sold within 90 minutes of going on sale last month. No word at the moment on any more. |
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Post by johnc on May 9, 2022 12:29:33 GMT
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Post by Roadrunner on May 9, 2022 12:40:57 GMT
Both of those look like great value compared to buying new.
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Post by Sav on May 19, 2022 22:42:48 GMT
I’m in two minds about prices of nearly new and used cars. On the one hand, the turbulence in the economy might dampen demand. On the other hand, interesting combustion stuff will only get more restrictive. Production has already been restricted for the past two years; Covid and now chip-shortages. On top of that, the manufacturers are increasingly incentivised to produce electrified cars, and that will only increase as we get nearer to 2030. And it will get worse, if the government goes ahead with their plan to force manufacturers to sell a certain percentage of EV’s in-between now and 2030.
Take the new M240i. People in America have been taking delivery of them for months now. A lot quicker than deliveries are happening in Europe. The fact that its made in Mexico isn’t the reason, there is healthy demand for the 2-er in the US, whereas in Europe such cars are being marginalised. Europe increasingly isn’t the place for niche combustion models anymore, Toyota’s decision to only sell the GT86 for two years in Europe is another case in point – they find upgrading it to Euro 7 too costly.
I saw and heard a new RS3 the other day. Modern cars mostly sound rubbish, it could have been the 2.0 litre Tfsi with how muffled it was. Bloody particulate filters. I would buy an outgoing M240i as well, pre-GPF - so June 2018 or older. It will sound like a straight six should.
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Post by chipbutty on May 20, 2022 11:35:31 GMT
Interesting combustion engine cars are a dying breed and in theory this will keep prices firm – right up unto the point when the Government do something really stupid:
For example:
• Massive increases in annual RFL for cars over a certain threshold that is especially punitive to powerful, 5 + cylinder vehicles
• Introduction of additional restrictions as to where and when such vehicles can be used
• Massive loading of fuel taxation once the tipping point between ICE and EV is reached
• Further reductions in speed limits and/or retrospective introduction of speed tracking devices
You can well imagine that if the new cars sold from next year onwards have intrusive speed limiting and recording technology enabled – there is going to be even less public tolerance for free spirited individuals “ making progress “.
In simple terms – the remaining “ interesting “ options may well have their use cases completely hobbled by a host of new initiatives under consideration that leave you with a nicely painted driveway ornament.
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Post by Eff One on May 21, 2022 8:47:26 GMT
Toyota’s decision to only sell the GT86 for two years in Europe is another case in point – they find upgrading it to Euro 7 too costly. The 2024 cutoff for the GR86 is actually because of safety legislation that would require a redesign of the roof, which Toyota deemed too expensive. And after the clusterfuck that was its UK launch I can see why. After all the hype, the total allocation turned out to be a measly 400 cars which could only be bought online. 'On sale for two years' turned into 'on sale for 90 minutes' and left rather a lot of people, including me and all the dealers, royally pissed off. Biggest automotive anti-climax of the decade IMO. |
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Post by racingteatray on May 31, 2022 22:28:01 GMT
Interesting combustion engine cars are a dying breed and in theory this will keep prices firm – right up unto the point when the Government do something really stupid: For example: • Massive increases in annual RFL for cars over a certain threshold that is especially punitive to powerful, 5 + cylinder vehicles • Introduction of additional restrictions as to where and when such vehicles can be used • Massive loading of fuel taxation once the tipping point between ICE and EV is reached • Further reductions in speed limits and/or retrospective introduction of speed tracking devices You can well imagine that if the new cars sold from next year onwards have intrusive speed limiting and recording technology enabled – there is going to be even less public tolerance for free spirited individuals “ making progress “. In simple terms – the remaining “ interesting “ options may well have their use cases completely hobbled by a host of new initiatives under consideration that leave you with a nicely painted driveway ornament. It would just be yet another reason to leave the UK. |
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Post by PetrolEd on Jun 1, 2022 8:30:09 GMT
Interesting combustion engine cars are a dying breed and in theory this will keep prices firm – right up unto the point when the Government do something really stupid: For example: • Massive increases in annual RFL for cars over a certain threshold that is especially punitive to powerful, 5 + cylinder vehicles • Introduction of additional restrictions as to where and when such vehicles can be used • Massive loading of fuel taxation once the tipping point between ICE and EV is reached • Further reductions in speed limits and/or retrospective introduction of speed tracking devices You can well imagine that if the new cars sold from next year onwards have intrusive speed limiting and recording technology enabled – there is going to be even less public tolerance for free spirited individuals “ making progress “. In simple terms – the remaining “ interesting “ options may well have their use cases completely hobbled by a host of new initiatives under consideration that leave you with a nicely painted driveway ornament. It would just be yet another reason to leave the UK. Having watched the Harrison Metcalf vid in his 930 in central Spain I must say the draw to that part of the world for Petrolheads is pretty strong. |
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Post by Martin on Jun 1, 2022 9:42:33 GMT
It would just be yet another reason to leave the UK. Having watched the Harrison Metcalf vid in his 930 in central Spain I must say the draw to that part of the world for Petrolheads is pretty strong. Won’t everywhere in the EU be pushing people into hybrids / electric vehicles? Italy have been penalising anyone who wants a decent engine for years and even when you look further afield things are changing eg US manufacturers dropping V8s for turbi 6 pots and doing strange things like fitting 4 cylinder hybrids to Lincolns…. Although thankfully they are still doing a few crazy things. The roads in central Spain are fantastic though, my parents are there for a couple of months and have sent some great pictures. My Dad wishes he’d taken his Boxster years ago, but my mum (who generally liked the car) wasn’t keen on long distances in it. |
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Post by racingteatray on Jun 1, 2022 11:28:57 GMT
I live in London because I have a well paid job there. Otherwise I wouldn’t. And given free rein, I don’t think I’d pick the UK. That doesn’t especially mean I particularly have another country in mind which I would prefer. I’m just not that attached to the UK and as the years pass I get less so.
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Post by Big Blue on Jun 3, 2022 4:50:17 GMT
I live in London because I have a well paid job there. Otherwise I wouldn’t. And given free rein, I don’t think I’d pick the UK. That doesn’t especially mean I particularly have another country in mind which I would prefer. I’m just not that attached to the UK and as the years pass I get less so. +1, but I’m so indecisive and W2.1 so skeptical I’ll end up dying here. |
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Post by ChrisM on Jun 3, 2022 7:56:08 GMT
Given a free and unrestrained choice I'd almost certainly pick Canada
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Post by ChrisM on Jun 3, 2022 7:57:05 GMT
I declare this thread well and truly hijacked!
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Post by Bob Sacamano v2.0 on Jun 3, 2022 8:30:58 GMT
Given a free and unrestrained choice I'd almost certainly pick Canada As long as you don’t want to own a home which is pretty much unaffordable for the average Canadian. |
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Post by Boxer6 on Jun 3, 2022 10:38:11 GMT
Given a free and unrestrained choice I'd almost certainly pick Canada As long as you don’t want to own a home which is pretty much unaffordable for the average Canadian. Ahem .. .. .. |
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Post by Tim on Jun 6, 2022 9:33:25 GMT
I remember looking at house prices in Canada about a decade ago and being surprised at how much you got for your money.
I suppose wages must be lower though?
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Post by Big Blue on Jun 23, 2022 8:56:02 GMT
I remember looking at house prices in Canada about a decade ago and being surprised at how much you got for your money. I suppose wages must be lower though? Like all these things location is key. I was down a property wormhole a couple of years ago and found a house in the USA that was about three times the size of ours, with a huge pool and elegant gardens and drive up driveway for about 2/3 the price. It was in some back end of nowhere suburban neighbourhood in GA though...... |
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Post by ChrisM on Jun 23, 2022 19:24:37 GMT
It was in some back end of nowhere suburban neighbourhood in GA though...... Reminds me..... mustn't forget to try to get to Covington GA one day....... |
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