Used petrol car prices taking a tanking?

[memphisto]

end of day cost for say a 4 grand loan for the majority is what £100 a month over 4 years ?

if you use that 4 grtand to buy a 2 litre pertrol car then yer fuel cost will equate to 30 MPG regardless of mileage.

if you use that 4 grand to buy a 50 MPG diesel be it a year older then in laymans terms regardless of repair bills as thats not what peoiple think of upfront. then you will save a lot of money on fuel cost nevermind tax.

and that is why people are buying diesel.

They have already decided there going to spend 4 grand on the car, the fact that they can knock 40% of there running costs is the clincher.

 

[Third Opinion]

I sold my 2002 Alfa 2.0 petrol with 108k on it for £2600 that returned about 30mpg.

I have replaced it with a 2001 Rover 75 CDT with 48k on it for £2550. MPG is between 37mpg to 50mpg. Road tax will be over £100 a year less next year and the fuel savings are already noticeable.

Motoring to me is now just a business cost. Fair play to those who have it as a hobby but I can no longer afford that luxury.

 

[lovedaddy]

well

As predicted, end up getting £10,300 for it. He spent the 10k on a second hand BWM diesel. And this guy is on of the biggest petrol heads I know.

Yeah, I agree - mate at work has got a 52 plate S2000 - trying to get shot due to running costs (and the fact hes just had a son).

Been in autotrader twice at list price plus things like hardtop - not a single phone call. Said whats worse is that there seems to be a quicker than list depreciation in price at the moment - with local garages just slashing 500+ off every few months trying to get them to shift. I think its down to about 12k now, and I reckon it will need to be about 9-10 before he gets a sale. Sad really, cos its a really really nice car.

 

[[TW]Fox]

Motoring to me is now just a business cost. Fair play to those who have it as a hobby but I can no longer afford that luxury.

Do you not think you are being a bit over dramatic?

 

[Slam62]

Do you not think you are being a bit over dramatic?

Cars are very expensive toys

 

[chaparral]

edit

 

[Jez]

I'm feeling this used car market fall quite badly, cars are just *not* selling. This is reflected at auction where it seems glass' has gone out the window.

Added to this the fact that bills seem to be through the roof, i definately have less money right now than i did a few months back. Luckily to balance this all off i am house hunting and this market also seems to be taking something of a nose-drive, i never thought i would be looking at 4-bedroom family homes on my own aged 22 - its not all bad

 

[jamoor]

Cars are very expensive toys

You can buy cheap fun you know!

I have an mx-5, and everything on it is cheap, full service for £100, tyres are 40 quid a corner, I doubt anything will go wrong on it, years insurance for £300!

 

[chaparral]

I'm feeling this used car market fall quite badly, cars are just *not* selling. This is reflected at auction where it seems glass' has gone out the window.

Small cars are selling like crazy over here.....Which is also pushing there prices skyhigh

 

[Jez]

Small cars are selling like crazy over here.....Which is also pushing there prices skyhigh

Not finding that here, and i sell small cars. People seem to be sticking with what they have rather than changing. Most small cars i have ever sold go to new drivers too, these new drivers i am guessing just cant find the money at the moment.

 

[chaparral]

end of day cost for say a 4 grand loan for the majority is what £100 a month over 4 years ?

if you use that 4 grtand to buy a 2 litre pertrol car then yer fuel cost will equate to 30 MPG regardless of mileage.

if you use that 4 grand to buy a 50 MPG diesel be it a year older then in laymans terms regardless of repair bills as thats not what peoiple think of upfront. then you will save a lot of money on fuel cost nevermind tax.

and that is why people are buying diesel.

They have already decided there going to spend 4 grand on the car, the fact that they can knock 40% of there running costs is the clincher.

This is the way am looking at it..

My 2L auto car 20mpg = about £50 week fuel
1.25 fiesta 40mpg = about £25 week fuel

Saving on fuel = about £100 per month

 

[Third Opinion]

Do you not think you are being a bit over dramatic?

Not when you do 30,000+ miles a year. The cost is horrendous. I am 34 years old and to be honest I don't probably share the enthusiasm that I did in my twenties. I have been and done that, now a car is more transport to me than a toy.

 

[Ev0]

How exactly does a turbo installation on a petrol engine differ from that of a diesel, and what makes the diesel application of the turbo weaker than its petrol counterpart?

No idea if it matters, but Diesels run higher compression ratios so could that couple with the addition of a turbo be more fragile than a petrol lump with a lower CR?

 

[Rossmac]

Right ok, I just want to say that I haven't read all the posts but heres my thoughts:

Current situation:
Ford Focus MP3 1.8 Petrol
36mpg
115 bhp (i think)
12000 mpa
Fuel cost: £1,776.65 Tax: £170 (Band E) this year, £270 after that (Band J)
Insurance: £780

Upgrade Choices (comparison for this threads purposes):
BMW 530d E60 Sport:
40mpg
231bhp
Fuel: £1,773.32 Tax: Same
Insurance: c.£1,500

BMW 530i E60 Sport
30mpg
270bhp
Fuel: £2,131.98 (regular) or £2,286.34
Tax: £210 now, £300 next year, £430 after that
Insurance: c.£1,800

Given that im going to remap the car, this results in the same similar aftersales power levels for both the petrol (+20bhp) and diesel (+55bhp), although I take it with a pinch of salt. But im not gonna get into why i want a remap on this thread.

Probably keeping the car for the next 4-5 years by which point it will become even more difficult to sell a petrol on. Diesels just seem to make much more sense for what I want to do.

Any points that make the 530i more favourable would be welcomed, i'm sure i've missed a few things.

 

[Jonnycoupe]

No idea if it matters, but Diesels run higher compression ratios so could that couple with the addition of a turbo be more fragile than a petrol lump with a lower CR?

More importantly to the turbo bit they run more boost.

 

[The_Dark_Side]

No idea if it matters, but Diesels run higher compression ratios so could that couple with the addition of a turbo be more fragile than a petrol lump with a lower CR?

Not really, as it's rarely the main engine components of a diesel that are affected by a higher CR (block/rods/pistons) that fail, it's usually timing belt failures or problems associated with poor attitudes to servicing.

 

[The_Dark_Side]

More importantly to the turbo bit they run more boost.

True, but isn't this offset by the lesser amount of revs the diesel uses?

 

[Jonnycoupe]

True, but isn't this offset by the lesser amount of revs the diesel uses?

Which has no effect on the reliabily of the turbo. The engine are generall fine anyway, its the bits you bolt on. ie common rail fuel injectors and the uber pressure pumps that cause typical issues. Most cars rot or are abused before the higher revs of a petrol engine lead it to the scrap yard. Look at Hondas, engines last for ever and with the silly gears means they probably do more revs than most cars over their life.

 

[Deathwish]

Some of the turbo related problems on a Diesel are down to the type of turbo used.

Most modern diesels will be using a VNT type turbo, problem with that is if the car isn't driven hard (for some of the time) then the soot can build up on the actuators which will gum them up.

This will either: a) reduce performance or b) blow the damn thing up if it can modulate its boost properly (although the engine should go into limp home mode)

Given how many people who I speak to say "omg I can get 1000mpg in 6th gear driving at 30mph" then wonder why either their turbo breaks or the DMF goes wonky...