Rising used car prices.

Spike107

Registered User
The used prices are crazy at the moment... But its all relative imo... The car you are exchanging for will also have inflated values so it kinda cancels itself out.

The only way you make money now is if you're selling your used motor outright for a profit.
 

Steve D

Registered User
Mines gone up another hundred quid since last month. We paid the WBAC valuation to my sister in law of £12,835 in February, now it’s at £16,220.
 

S32B

Registered User
The used prices are crazy at the moment... But its all relative imo... The car you are exchanging for will also have inflated values so it kinda cancels itself out.

The only way you make money now is if you're selling your used motor outright for a profit.
I agree if you are buying another used, but if you are buying new and the price is the same as it was 6 months back it does make sense.
 

Spike107

Registered User
I agree if you are buying another used, but if you are buying new and the price is the same as it was 6 months back it does make sense.
Yeah, true. But I'm guessing there are very few discounts off list price in this climate also, especially for a sought after models. And who pays full list on any new car as a private buy...
Can you imaging the chip shortage sorts itself out in 6 months time resulting in surplus stocks!
Change of underpants time with depreciation that...
 

S32B

Registered User
Yeah, true. But I'm guessing there are very few discounts off list price in this climate also, especially for a sought after models. And who pays full list on any new car as a private buy...
Can you imaging the chip shortage sorts itself out in 6 months time resulting in surplus stocks!
Change of underpants time with depreciation that...
I recently did a quote for a new Audi via coast2coast, for the first time ever my local dealership came up and with a decent chunk off! They never used to use places like that, even when I bought the A5 I had to push them hard to match a Carwow price that I'd been given.

I can't justify £35k+ on a new car anymore, top of my list at the moment is the GR86 for around £30k...10 year warranty as long as the main dealership does the service on it! Service prices have not changed since introducing that either! My next car will be a long term keeper car.

Toyota%20GR86%20.jpg
 

The Cardinal

For the love of cars
As I've said elsewhere, there are soon going to 1 million fewer 0-3 year old cars in the UK system than there would otherwise have been. In itself, this will reinforce used prices for a while whatever happens to new supply.

It also looks like new car list prices will continue to rise, which will have the effect of supporting used prices - in cash terms at least.

I agree that buying sensibly and holding onto a vehicle is the most cost-effective way to own. You have to be really sure that you'll keep it though! Our converted VW Transporter is in its 6th year with us, costing an equivalent of sub-£250 per month for all depreciation and maintenance. If I can keep my S3 for 5 years, it'll be at about the same cost per month. Nonetheless, if I sell early then it will have costed a lot more!
 

NevMan

Well known member
I recently did a quote for a new Audi via coast2coast, for the first time ever my local dealership came up and with a decent chunk off! They never used to use places like that, even when I bought the A5 I had to push them hard to match a Carwow price that I'd been given.

I can't justify £35k+ on a new car anymore, top of my list at the moment is the GR86 for around £30k...10 year warranty as long as the main dealership does the service on it! Service prices have not changed since introducing that either! My next car will be a long term keeper car.

Toyota%20GR86%20.jpg

I am assuming £30k for a used GR86?
 

S32B

Registered User
I agree that buying sensibly and holding onto a vehicle is the most cost-effective way to own. You have to be really sure that you'll keep it though! Our converted VW Transporter is in its 6th year with us, costing an equivalent of sub-£250 per month for all depreciation and maintenance. If I can keep my S3 for 5 years, it'll be at about the same cost per month. Nonetheless, if I sell early then it will have costed a lot more!
I've just looked at the MOT history of my March 2015 S3, it's on 42,559 miles. On AC sell your car = Success! We'll now offer you £15,345 when you think I paid just over £28k brand new after discount for that manual 3 door S3! So if I had kept it all the way through, it would 75 months old now, £28,000 - £15,345 = £12,655 / 75 = £168 month.....From what I sold it for in Oct 2017 up to now it's only dropped by £117 per month.
I am assuming £30k for a used GR86?
No, and that's my point! What else looks like that for the money??? Granted the interior isn't going to be Audi quality, but it's 30k and we all know Toyota are bomb proof!

gr86 price.jpg
 

MA3RC

Registered User
VCDS Map User
Silver Supporter
When do we all forsee the bubble bursting on used car prices?
I've got an order for a new A3, due to be delivered November sometime. I currently have a Ford Focus ST Line X, which is showing really strong resale values. Do I flog the car now and cash in on the profit, or wait a little longer.... Decisions, decisions....
 

Spike107

Registered User
When do we all forsee the bubble bursting on used car prices?
I've got an order for a new A3, due to be delivered November sometime. I currently have a Ford Focus ST Line X, which is showing really strong resale values. Do I flog the car now and cash in on the profit, or wait a little longer.... Decisions, decisions....
To know what will happen in 5/6months time is impossible. You would think that it can't get much better than it currently is to sell on... If you can live without that Focus for the next 5months, I would be looking to move it on now I guess and pocket the profit...
 

Adam14

Registered User
Impossible to say. But as with all things the best profit is realised not unrealised.

Could the car be worth £500 more in a month? Maybe. But £x guaranteed now is always better than potential £y in a month+ time.


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NevMan

Well known member
I've just looked at the MOT history of my March 2015 S3, it's on 42,559 miles. On AC sell your car = Success! We'll now offer you £15,345 when you think I paid just over £28k brand new after discount for that manual 3 door S3! So if I had kept it all the way through, it would 75 months old now, £28,000 - £15,345 = £12,655 / 75 = £168 month.....From what I sold it for in Oct 2017 up to now it's only dropped by £117 per month.

No, and that's my point! What else looks like that for the money??? Granted the interior isn't going to be Audi quality, but it's 30k and we all know Toyota are bomb proof!

View attachment 239158

Fair enough on the Toyota, bit for me the interior needs to be .

A classic example of used prices going mad…..my father in law is about to get a new Mini Cooper Countryman (cash buyer). His 2018 Mini Cooper Countryman (no pano which is main reason for change ) was around £12k mark when he ordered his Mini in Feb/Mar. Mini offered him a guaranteed £12.5k for it. He was well chuffed as had paid £18k a couple years ago cash when he bought it used.

His new one is arriving at dealer next week, and given the prices I thought I would do a WBAC valuation……

435282a156cce29e55d2d2c363f0e7ec.jpg

I am not joking!

So Mini are now giving him an extra £2k. I thought it fair enough as I did squeeze the heck out of them on his car.

Mad!
 

S32B

Registered User
When do we all forsee the bubble bursting on used car prices?
I've got an order for a new A3, due to be delivered November sometime. I currently have a Ford Focus ST Line X, which is showing really strong resale values. Do I flog the car now and cash in on the profit, or wait a little longer.... Decisions, decisions....
it's a tough one mate, changes daily at the moment!

£19,221 on the 11th June for mine, then dropped on Monday by £23 to £19,198 and yet today its showing as £19,968!!! That's £1,000 more than I bought it for last October :)
 

Jcbmally

Started with nothing & still have most of it left.
The A3 saloon has gone up another £500, now £19500, it's nuts.
 

AlS3BE

Registered User
Crazy are you considering selling
If it’s goes up anymore I might consider it. It’s just what to get next. No one has stock of anything I fancy. I quite like the m135 with pro and comfort pack and they are like gold dust at the moment. Even one with one of the packs is difficult to find and there’s no deals other than lower bmw interest rates compared to Audi.
 

Mr Freeze

Registered User
If it’s goes up anymore I might consider it. It’s just what to get next. No one has stock of anything I fancy. I quite like the m135 with pro and comfort pack and they are like gold dust at the moment. Even one with one of the packs is difficult to find and there’s no deals other than lower bmw interest rates compared to Audi.
Yeh that's my problem what to get next I've considered keeping it long term but with the prices high I would consider a good offer from a dealer
 

txosbi

Registered User
If it’s goes up anymore I might consider it. It’s just what to get next. No one has stock of anything I fancy. I quite like the m135 with pro and comfort pack and they are like gold dust at the moment. Even one with one of the packs is difficult to find and there’s no deals other than lower bmw interest rates compared to Audi.
My March 2020 m135i has gone up over 2.5k recently!
Got all the packs and sunroof, tempted to sell.
The problem is what to buy next.
 

NevMan

Well known member
My March 2020 m135i has gone up over 2.5k recently!
Got all the packs and sunroof, tempted to sell.
The problem is what to buy next.

A new one? Changing our Mar 2020 Cooper S for a JCW, and getting our £7k deposit back to use again along with another £2k
 

Spinstorm

Registered User
I just put my RS3 into WBAC at 65,000 miles (I have done 57,000) and it came back at £32,750.

As things stand right now I have approx £27k left on the finance.

I really hope these prices stick - as my final value Is £21k so that Is £12,000 for a new RS3 and a nice easy swap on delivery day with no extra money.
 

txosbi

Registered User
A new one? Changing our Mar 2020 Cooper S for a JCW, and getting our £7k deposit back to use again along with another £2k
I've only done 4600 miles since March last year. If the office stays shut I may sell the M135i and just get a run around for a few grand.
 

NevMan

Well known member
I've only done 4600 miles since March last year. If the office stays shut I may sell the M135i and just get a run around for a few grand.

Fair shout. I did that awhile back, sold M40i last Oct, and we went down to one car
 

JohnM100

Registered User
VCDS Map User
Gold Supporter
When do we all forsee the bubble bursting on used car prices?
I've got an order for a new A3, due to be delivered November sometime. I currently have a Ford Focus ST Line X, which is showing really strong resale values. Do I flog the car now and cash in on the profit, or wait a little longer.... Decisions, decisions....

As others have said, impossible to say. There is a lot of pent up demand and even when the chip shortage is sorted, it will take a while for everything to settle.

My money is on trade-ins dropping Q4 2021-Q1 2022 but 2018 pre OPF S & RS will keep a small sustained premium as they are ‘goldilocks’ cars.
 

AlS3BE

Registered User
As others have said, impossible to say. There is a lot of pent up demand and even when the chip shortage is sorted, it will take a while for everything to settle.

My money is on trade-ins dropping Q4 2021-Q1 2022 but 2018 pre OPF S & RS will keep a small sustained premium as they are ‘goldilocks’ cars.

heres hoping my 2018 pre opf will be worth a fortune soon :wink:
 

The Cardinal

For the love of cars
Pre-OPF 2018 S3s are undoubtedly the best - well worth massive premiums, I'd say :)
 

JohnM100

Registered User
VCDS Map User
Gold Supporter
Was in the dealer earlier this week.

They had an 18 reg S3 Black edition with virtual cockpit, pano roof, Super Sports seats, Design pack and standard LEDs (not Matrix) with a sticker price of 30.5k.

The sticker didn’t show mileage.
 

K96

Registered User
I still can't believe how high they have risen. Good prefacelift A45s are going for 25k and the face-lift ones 30k ++. I remember when the pre face-lift were in the 18-21k range and the face-lifts started at 22k for a basic spec one. Insane inflation on the market right now

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Bells

Registered User
Seriously tempted to chop my S5 in now, I think I will if I get 30k for it. I’ve done 5k miles in a year and it’s just not getting used regularly enough. I’ve got access to a corsa if I need a little runaround and a A3 at the weekends if I wanted to go on a longer journey. It’ll be a bit of a shock to the system after being spoilt owning S cars for the past 5 years but I think if I sell now and hold off even just 6-12 months while the used car market calms down I’ll be laughing.
 

Adam14

Registered User
Seriously tempted to chop my S5 in now, I think I will if I get 30k for it. I’ve done 5k miles in a year and it’s just not getting used regularly enough. I’ve got access to a corsa if I need a little runaround and a A3 at the weekends if I wanted to go on a longer journey. It’ll be a bit of a shock to the system after being spoilt owning S cars for the past 5 years but I think if I sell now and hold off even just 6-12 months while the used car market calms down I’ll be laughing.

This is exactly the boat I’m in, if I got £30k for it I’d be around £5k positive equity let alone the savings on monthly payments, can get something cheaper in the meantime or hold off


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The Cardinal

For the love of cars
The irony of selling now and wanting to buy back in 6 months later is that... demand will be propped up 6 months later and so prices won't come down after all. ;)
 

L_G

Registered User
Seriously tempted to chop my S5 in now, I think I will if I get 30k for it. I’ve done 5k miles in a year and it’s just not getting used regularly enough. I’ve got access to a corsa if I need a little runaround and a A3 at the weekends if I wanted to go on a longer journey. It’ll be a bit of a shock to the system after being spoilt owning S cars for the past 5 years but I think if I sell now and hold off even just 6-12 months while the used car market calms down I’ll be laughing.

Out of boredom/curiosity I invited them to provide a price of my Dec 2017 S5 (21k miles), the quote was exactly £30k but yesterday I received an email saying my car had increased in price.

The GFV provided by Audi for January 2021 was just over £23k.

It is tempting but if I was to put that money into a Cash ISA I would get something like 0.1% interest on it.
 

The Cardinal

For the love of cars
Neither mass-market cars nor cash ISAs are a serious investment... but at least you will get your money back with a cash ISA, which explains the low rate of return. There are many options for the more adventurous or longer-term investor, almost all of which will get you a higher return than even this (arguably one-off) increase in used car prices. :)
 

Bells

Registered User
The irony of selling now and wanting to buy back in 6 months later is that... demand will be propped up 6 months later and so prices won't come down after all. ;)
Potentially but used car prices can’t stay this high forever, eventually things like the chip shortage will be resolved and production will go back to normal. Not to mention as everyone’s lives get back to normal after COVID (hopefully) will mean people start to spend money on other things besides cars, holidays, houses and days out etc.

I’m no economics expert by any stretch but most reports I’ve seen are suggesting Q1/2 of 2022 will see prices start to drop again on used cars.
 

Bells

Registered User
Out of boredom/curiosity I invited them to provide a price of my Dec 2017 S5 (21k miles), the quote was exactly £30k but yesterday I received an email saying my car had increased in price.

The GFV provided by Audi for January 2021 was just over £23k.

It is tempting but if I was to put that money into a Cash ISA I would get something like 0.1% interest on it.
This is exactly the boat I’m in, if I got £30k for it I’d be around £5k positive equity let alone the savings on monthly payments, can get something cheaper in the meantime or hold off


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Yeah I think I’m going to contact a few sports car dealers and see what sort of price I’d likely achieve. Any more than 30k is a bonus.

I’ve seen poor spec 17 plates with low mileage up for around £32-33k so I may not be too far off in terms of my valuation given mines got literally every option spec’d.
 

L_G

Registered User
Neither mass-market cars nor cash ISAs are a serious investment... but at least you will get your money back with a cash ISA, which explains the low rate of return. There are many options for the more adventurous or longer-term investor, almost all of which will get you a higher return than even this (arguably one-off) increase in used car prices. :)

Could be worse, I have £0.47 in an savings account from when a regular saver product matured which pays 0.01%
 
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