I have been looking at replacing my car recently and yesterday one of the lads i work with was telling me he is looking too. When we got talking about it, we both noted that the price of a used car on the market these days seem to have increased. Even cars at the very bottom of the pile seem to be that much more expensive than they use to be? I am not fussed as i can wait to change my car until i find the best deal, when he needs to replace his ASAP.
The cost of used cars gone up?
- Thread starter inflames
- Start date
Deleted member 66701
Deleted member 66701
I think the quality of used cars has increased which obviously brings a commensurate price increase. I very rarely see £100 smokers for sale anymore that you used to be able to buy just to drive them to their MOT date and then scrap.
Think it depends on the car. I just looked at a mk2 ford focus with full service history at a similar age now to when I picked up my MK1 back in the day and I can pick that up for the same price. Checked out an Octavia vrs however and that was more expensive for a 7 year old example than when I bought my 7 year old one a few years ago. I'm no expert but part of it maybe to do with the fact modern cars start out much higher prices brand new so they're going to be more expensive used.
I don't plan to buy a car like that, haven't sense my my very 1st car. But you right people don't advertise those kind of cars anymore on the bigger sites. Gumtree and Facebook seem to the place for those. But even those seem to very few these days.
Thats the kind of pattern we noticed and came to same conclusion the cost of new cars have increased bringing the price of used up with them.
Underboss
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Also people are hanging onto there cars for longer
ive also noticed what you are saying
i bought a clio 172 (02 reg) 6/7 years ago for 3.5K, my Focus 2009 that i bought 2 years ago cost me 5K ! (both under 55K miles)
ive also noticed what you are saying
i bought a clio 172 (02 reg) 6/7 years ago for 3.5K, my Focus 2009 that i bought 2 years ago cost me 5K ! (both under 55K miles)
I agree op many cars have either not depreciated or have increased in value. It’s all the petrol variants because for the last 8 years people have been buying nothing but diesel and now that is public enemy no1 there is not enough petrol cars to go around for everyone who suddenly wants petrol.
I looked at getting a petrol 2009 Titanium X Mondeo 2 years ago and having looked over the last few months they are still the same price! Mondeo ST220’s are still similar price to when I bought my first one 3 years ago. I paid 5k for a Focus ST225 2 years ago and still see them being advertised for the same price now. I looked into standard mk3 Focus’s in petrol form aswell a year ago and still see them advertised at the same price. I could go on and list many more as I frequent AT and EBay looking for cars.
What happened to depreciation?
I looked at getting a petrol 2009 Titanium X Mondeo 2 years ago and having looked over the last few months they are still the same price! Mondeo ST220’s are still similar price to when I bought my first one 3 years ago. I paid 5k for a Focus ST225 2 years ago and still see them being advertised for the same price now. I looked into standard mk3 Focus’s in petrol form aswell a year ago and still see them advertised at the same price. I could go on and list many more as I frequent AT and EBay looking for cars.
What happened to depreciation?
I'd go for electric or hybrid cars right now. Although a lot of users still prefer petrol cars over diesels (though they've been buying them like crazy in recent years) I would choose...a hybrid, or, if you are a daily commuter, an electric car. Why? If you don'y drive out ot town too frequently, it simply does not pay to own either a petrol or diesel car.
1. Quiet
2. Cheap
3. No common problems with engine failures.
However, if you're still young and don't really car about air pollution and how much is gone with every step on the gas... then choose wisely..... the top engine of any manufacturer. They are always pricy. No matter how much time goes by they are always expensive and the price doesn't seem to go down really quick.
Another option, however, if you want to be sure of your car is importing cars from Japan. There's so great a choice that when you begin to search for one you end up staring at the screen at 5a.m.
The local markets have a wide range of choice, however, can anyone tell me if any of those great cars are worth looking at, not to mention getting a closer look or even buying? I recon everyone is mad at the person who is trying to sell a salvage ****, aren't they?
I've done some research and would go for good models that will hold the price, but still, will be a great choice and a great car to look at every time you leave your car at the parking lot
Maybe you'll find something.
Try searching for sakura on FB. I'm not sure what your pick is, but I'd go for a toyota. Find a white one
1. Quiet
2. Cheap
3. No common problems with engine failures.
However, if you're still young and don't really car about air pollution and how much is gone with every step on the gas... then choose wisely..... the top engine of any manufacturer. They are always pricy. No matter how much time goes by they are always expensive and the price doesn't seem to go down really quick.
Another option, however, if you want to be sure of your car is importing cars from Japan. There's so great a choice that when you begin to search for one you end up staring at the screen at 5a.m.
The local markets have a wide range of choice, however, can anyone tell me if any of those great cars are worth looking at, not to mention getting a closer look or even buying? I recon everyone is mad at the person who is trying to sell a salvage ****, aren't they?
I've done some research and would go for good models that will hold the price, but still, will be a great choice and a great car to look at every time you leave your car at the parking lot
Maybe you'll find something.
Try searching for sakura on FB. I'm not sure what your pick is, but I'd go for a toyota. Find a white one
I keep an almost daily eye on Saabs and there has been an appreciable rise with them over the last 6 months. On ebay even at the lower end comparable models and specs that could be picked up for sub £1000 earlier this year are now well over £2k as standard now.
I'd go for electric or hybrid cars right now. Although a lot of users still prefer petrol cars over diesels (though they've been buying them like crazy in recent years) I would choose...a hybrid, or, if you are a daily commuter, an electric car. Why? If you don'y drive out ot town too frequently, it simply does not pay to own either a petrol or diesel car.
1. Quiet
2. Cheap
3. No common problems with engine failures.
However, if you're still young and don't really car about air pollution and how much is gone with every step on the gas... then choose wisely..... the top engine of any manufacturer. They are always pricy. No matter how much time goes by they are always expensive and the price doesn't seem to go down really quick.
Another option, however, if you want to be sure of your car is importing cars from Japan. There's so great a choice that when you begin to search for one you end up staring at the screen at 5a.m.
The local markets have a wide range of choice, however, can anyone tell me if any of those great cars are worth looking at, not to mention getting a closer look or even buying? I recon everyone is mad at the person who is trying to sell a salvage ****, aren't they?
I've done some research and would go for good models that will hold the price, but still, will be a great choice and a great car to look at every time you leave your car at the parking lot
Maybe you'll find something.
Try searching for sakura on FB. I'm not sure what your pick is, but I'd go for a toyota. Find a white one
I would consider an Hybrid but the one i like that is my price bracket you loose a lot of boot space (GS450H). I like how you mentioned importing cars, as one car i have been looking is a import a Toyota Aristo i have wanted one for years, but they seem to look very dated these days but is that worth it for that 2JZ?
As i said i am not in a rush, still trying to decide to go petrol or diesel. I do the miles to warrant a diesel, at the same time i don't mind paying the extra out going for using a petrol. I like the idea i having a V6 or V8 as i think they will not be made much longer as everyone seems to be making low capacity engines with turbo on these days.
My friend have said the same about Honda's specially the type R's
I agree, mentioned this to the lad i work with.
There's loads of factors obviously, another one might be that it seems to me there are more people than ever maintaining cars and modifying them.
Cars that used to get scrapped are now being broken and sold in parts by more and more amateur mechanics. Certainly in the £1-3k market such as RS Clios and MX5s that I own so keep an eye on Facebook groups etc.
Cars that used to get scrapped are now being broken and sold in parts by more and more amateur mechanics. Certainly in the £1-3k market such as RS Clios and MX5s that I own so keep an eye on Facebook groups etc.
Electric/Hybrid - Cheap?? I hardly think so. They are quite normally more expensive than their combustion engine counterparts
Also - No common problems with engine failures? Do you have figures to back this up i.e. percentage of failures compared to overall numbers.... Its quite easy to say they have less incidents of failure compared to petrol/diesel cars when they make up such a minuscule volume in relation to combustion engine vehicles.
You expected a circa 8 year old Clio to be worth the same as a 6 year old Focus??
Caporegime
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This might just because they were incredibly cheap. My manual 9-5 Aero estate was less than 2 grand. Remap later you have a car which will do 0-60 in 6 seconds and crack 160mph. All the toys that one would need and has been solid for the three years that I have had it.
Soldato
- Joined
- 16 May 2007
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- 3,221
2009 was about the time of the financial crisis / recession, my guess is people bought less new cars then meaning less 2009 plated cars available, pushing up prices. If right this effect would cover a few years around that time.
Yes, i hadn't actually consider that would have had a big knock on effect and combined that with the scrappage scheme.
