2nd hand car prices going up????

boomer_ie · 01-07-2008 8:20am #1

Has anyone else noticed 2nd Hand Car prices going up?

I am watching one vehicle on Carzone (waiting for finances to be in place for it in next few days), I checked it yesterday and it was at €5,000, then today discovered it was at €5500. Surely the new VRT regieme should not be affecting 2nd hand vehicles

ShayK1 · 01-07-2008 9:36am

i've only noticed prices dropping. That's a weird one

spillcoe · 01-07-2008 9:45am

Yeah I've been keeping an eye on prices and they've been going down all the time.

mike65 · 01-07-2008 10:16am

Obviously a fool, 2nd hand only going one way for a few years.

Mike

RobAMerc · 01-07-2008 10:33am

I was to go see a car last weekend that was advertised at 44,950k last week and on Saturday morning was up to 55 k !

I also note though that the guy couldn't tell me the mileage before the price hike and was very proud to tell me it had only 30k after ( I was suspicious as well as priced out of the car )

niceirishfella · 01-07-2008 10:36am

Clocked and a price hike........

Anan1 · 01-07-2008 11:22am

I'm guessing the prices are for cars stillon UK plates - the cost of importing them has just risen, and sellers are trying to recoup this.

boomer_ie · 01-07-2008 8:32pm

Anan1 wrote: »

I'm guessing the prices are for cars stillon UK plates - the cost of importing them has just risen, and sellers are trying to recoup this.

The vehicle I am looking at is on Irish Plates, probably a seller chancing his arm.

Jonny303 · 01-07-2008 9:48pm

Well everything CANT come down. If new prices of for example mazda 3 diesel are coming down, obviously the 2nd hand price will be down. But....Mazda 5 petrol which is going up, makes perfect sense for the seccond hand price to do the same. Not all will do this but id regard it as perfectly normal!

Petal1 · 01-07-2008 9:56pm

imo car prices no matter what your buying should be coming down, this is all pie in the sky at the mo, typical example new bmw 520d manual dropped by 8500, this will have a major effect on the residual value of a 06/07 model, pity anyone that bought there new one in January as there cost to change next year will cripple them at least double

Jonny303 · 01-07-2008 10:07pm

Petal1 wrote: »

imo car prices no matter what your buying should be coming down,

have to disagree

New rx-8 up by about 7k? u think someone trading in a 07 is going to trade up for what they would be getting at the previous price of about 42k?

RedorDead · 01-07-2008 10:12pm

boomer_ie wrote: »

The vehicle I am looking at is on Irish Plates, probably a seller chancing his arm.

What make and model is it? The car bought new may be more expensive since today?

2nd hand car prices going up????

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