Chris`I Posted September 12, 2009 Posted September 12, 2009 http://news.bbc.co.uk/1/hi/business/8251920.stm Second-hand cars are gaining rather than depreciating in value due to a shortage in supply, an industry-wide research company has found. CAP Motor Research Ltd, which provides valuation data to the car industry, said the usual 15%-a-year depreciation of used car prices has been reversed. Companies delaying replacing their fleets and the government scrappage scheme has led to a shortage in supply. This year the average family car has increased in value by about £600. Quote
mc Posted September 12, 2009 Posted September 12, 2009 it doesn't really help us much though, although its nice to think your car is worth more than it was yesterday! Quote
RobD7 Posted September 12, 2009 Posted September 12, 2009 About time we had some good news on our car prices! Quote
mattstoke Posted September 12, 2009 Posted September 12, 2009 You may say it doesn't help us but I have just seen my 350 go up 1k since March! I know as I had a trade in price then and have just sold and the price had gone up a grand! At that rate keep it for another 2 yeras and you'll pretty much have made your money back from new ! Quote
RobD7 Posted September 12, 2009 Posted September 12, 2009 You may say it doesn't help us but I have just seen my 350 go up 1k since March! I know as I had a trade in price then and have just sold and the price had gone up a grand! At that rate keep it for another 2 yeras and you'll pretty much have made your money back from new ! - that is a great result for you though - good stuff Quote
mc Posted September 12, 2009 Posted September 12, 2009 You may say it doesn't help us but I have just seen my 350 go up 1k since March! I know as I had a trade in price then and have just sold and the price had gone up a grand! At that rate keep it for another 2 yeras and you'll pretty much have made your money back from new ! that's true, it'll help if you buy a new car instead of another used one! Quote
austin350z Posted September 12, 2009 Posted September 12, 2009 true, i paid £13,500 for my zed in June this year sold it 1 week ago for £14,450 WIN ! Quote
mc Posted September 12, 2009 Posted September 12, 2009 true, i paid £13,500 for my zed in June this year sold it 1 week ago for £14,450 WIN ! but if you buy another 2nd hand car then that will cost more too, surely? Quote
Digsy Posted September 12, 2009 Posted September 12, 2009 true, i paid £13,500 for my zed in June this year sold it 1 week ago for £14,450 WIN ! but if you buy another 2nd hand car then that will cost more too, surely? Yes, unless you're trading down or buying new, your next car will be more expensive. Quote
Chris`I Posted September 12, 2009 Author Posted September 12, 2009 true, i paid £13,500 for my zed in June this year sold it 1 week ago for £14,450 WIN ! but if you buy another 2nd hand car then that will cost more too, surely? Yes, unless you're trading down or buying new, your next car will be more expensive. Looks good if I want to get a 370z They dont reckon this will last long though. Apparently its all because of the Government trade in scheme, which is about to run out of money. As soon as it does, supply of used cars will increase again and prices will fall. But its nice while it lasts Quote
Digsy Posted September 13, 2009 Posted September 13, 2009 not really if you shop wisely Enlighten me. Quote
austin350z Posted September 13, 2009 Posted September 13, 2009 why would i do that, i'm keeping it to myself Quote
Digsy Posted September 13, 2009 Posted September 13, 2009 why would i do that, i'm keeping it to myself Right yeah! Quote
R800NER Posted September 13, 2009 Posted September 13, 2009 This year the average family car has increased in value by about £600. I wouldn't say that the zed is an average family car? Quote
Chris`I Posted September 14, 2009 Author Posted September 14, 2009 This year the average family car has increased in value by about £600. I wouldn't say that the zed is an average family car? No, but higher value cars have gone up more Quote
Darren-B Posted September 14, 2009 Posted September 14, 2009 Anyone want to buy my zed? Lets start the bidding at £19000 Quote
rtbiscuit Posted September 14, 2009 Posted September 14, 2009 i would gauge the zed has gone up by an average of £1200 Quote
goatboy Posted September 15, 2009 Posted September 15, 2009 Its definately happening but how long it will last I don't know. About 6 months ago I looked into selling my 2005 colt, it was worth about £4000 on a private sale. I just sold my 2005 colt back to a dealer for £4800. Result Quote
mc Posted September 15, 2009 Posted September 15, 2009 well my car seemed to lose a load of value just after I bought it, so now that its picking up again it's just reducing my losses! Quote
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