Chris`I Posted September 12, 2009 Share 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 Link to comment Share on other sites More sharing options...
mc Posted September 12, 2009 Share 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 Link to comment Share on other sites More sharing options...
RobD7 Posted September 12, 2009 Share Posted September 12, 2009 About time we had some good news on our car prices! Quote Link to comment Share on other sites More sharing options...
mattstoke Posted September 12, 2009 Share 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 Link to comment Share on other sites More sharing options...
RobD7 Posted September 12, 2009 Share 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 Link to comment Share on other sites More sharing options...
mc Posted September 12, 2009 Share 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 Link to comment Share on other sites More sharing options...
austin350z Posted September 12, 2009 Share 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 Link to comment Share on other sites More sharing options...
mc Posted September 12, 2009 Share 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 Link to comment Share on other sites More sharing options...
Digsy Posted September 12, 2009 Share 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 Link to comment Share on other sites More sharing options...
austin350z Posted September 12, 2009 Share Posted September 12, 2009 not really if you shop wisely Quote Link to comment Share on other sites More sharing options...
Chris`I Posted September 12, 2009 Author Share 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 Link to comment Share on other sites More sharing options...
Digsy Posted September 13, 2009 Share Posted September 13, 2009 not really if you shop wisely Enlighten me. Quote Link to comment Share on other sites More sharing options...
austin350z Posted September 13, 2009 Share Posted September 13, 2009 why would i do that, i'm keeping it to myself Quote Link to comment Share on other sites More sharing options...
Digsy Posted September 13, 2009 Share Posted September 13, 2009 why would i do that, i'm keeping it to myself Right yeah! Quote Link to comment Share on other sites More sharing options...
R800NER Posted September 13, 2009 Share 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 Link to comment Share on other sites More sharing options...
Chris`I Posted September 14, 2009 Author Share 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 Link to comment Share on other sites More sharing options...
Darren-B Posted September 14, 2009 Share Posted September 14, 2009 Anyone want to buy my zed? Lets start the bidding at £19000 Quote Link to comment Share on other sites More sharing options...
rtbiscuit Posted September 14, 2009 Share Posted September 14, 2009 i would gauge the zed has gone up by an average of £1200 Quote Link to comment Share on other sites More sharing options...
goatboy Posted September 15, 2009 Share 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 Link to comment Share on other sites More sharing options...
mc Posted September 15, 2009 Share 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 Link to comment Share on other sites More sharing options...
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