price of cars.. coming down?

pog it

I remember back few weeks ago someone on here said how it was a fallacy that prices of cars would come down in new year and to just go for it!

What do ye think? The same cars have been on a car website for two months, and no move in price since November 09 when they all came down in price.

Is there a pattern to when cars come down in price?

I am looking at the toyota aygo 1.0 petrol 2006 reg which is coming in at 5000 euro..

For a 1.0 engine it's pricey at 5k, but at 4k I would go for it.

But how long will I have to wait??

enviro

Make an offer of 4000 and see how ya get on. Good luck

beachlife

second hand car prices on cars that have smaller engines/running costs are holding steady and will in fact probably rise in the coming years.
Why? because with less and less new cars out there,there will be less cars to trade-in filter down etc.. also if alot of people can't afford a new car then they are all chasing the same second hand ones!! I remember in the eighties paying good money for really ****e cars!!!

beachlife

and that car is 15,000new!!! (on toyota ireland website) it's only four years old
a four year old car for 33% of it original cost. I think it's cheap!!!

pog it

beachlife wrote: »

second hand car prices on cars that have smaller engines/running costs are holding steady and will in fact probably rise in the coming years.
Why? because with less and less new cars out there,there will be less cars to trade-in filter down etc.. also if alot of people can't afford a new car then they are all chasing the same second hand ones!! I remember in the eighties paying good money for really ****e cars!!!

The price at new is something I would never compare a used car price to. First of all you are paying the biggest premium in the first three years when buying from new, and losing the majority of your investment early on and that is exactly why I am buying a 4 year old car.

Also a used car is only worth what a consumer will pay, and trust me I have been looking at this model for ages and well the same cars are still on it like I was saying. One got sold that was offered at 4300 just at start of December but the others are staying at 5000 mark and unlike the 4300 one they are not selling.

So it seems to me that others like me are waiting for the lower price to set in.

And yes demand is up for smaller cars certainly- I'm one of those people going for that option.

Tea 1000

pog it wrote: »

The price at new is something I would never compare a used car price to. First of all you are paying the biggest premium in the first three years when buying from new, and losing the majority of your investment early on and that is exactly why I am buying a 4 year old car.

Also a used car is only worth what a consumer will pay, and trust me I have been looking at this model for ages and well the same cars are still on it like I was saying. One got sold that was offered at 4300 just at start of December but the others are staying at 5000 mark and unlike the 4300 one they are not selling.

So it seems to me that others like me are waiting for the lower price to set in.

And yes demand is up for smaller cars certainly- I'm one of those people going for that option.

He's not comparing the new price to that price, he's saying that a new one costs 15k, therefore it's a dear car to begin with, and as Toyota's hold their value better than other cars due to people wanting to buy used Toyotas, then the fact that it's 5k means that it's well priced. You're right in saying a car is only worth to you what you're willing to pay, but that attitude bears no reality to a man selling a car, who wants to sell it for what he thinks it's worth his while sell it for.
Don't wait for the dealer to reduce the price to 4k then walk in with the 4k, that's not how it works. Go in and negotiate. If he's willing to take less you might find a compromise. If neither he nor you reach a happy medium, then leave it with him. He may call you again in 4 months when it's still there, or he may sell it and you'll find another. But an add is just that, and add... the negotiation starts when you view it.

Saab Ed

pog it wrote: »

I
What do ye think? The same cars have been on a car website for two months, and no move in price since November 09 when they all came down in price.

But how long will I have to wait??

Expect the relative price of used cars to go up this year and not down because demand will far outstrip supply. This has already happened in the UK and a noticable hardening of prices began here at the end of last year.

lifer_sean

Saab Ed wrote: »

Expect the relative price of used cars to go up this year and not down because demand will far outstrip supply. This has already happened in the UK and a noticable hardening of prices began here at the end of last year.

+1

price of used cars in UK rose by 25% typically in Jan-Feb last year, and stayed high / crept up further during the year. There was some softening in UK prices during Nov/Dec just passed, but the analysists (sp?) over there are expecting some firming of prices again this month.

It's a supply and demand thing. There is still a demand for used cars (replacing flooded cars, crashed cars due to weather, in addition to some people upgrading all the time) but supply of used cars is down because of low level of trade-ins. It's not like the dealer can go down to the local cash and carry and order up half a dozen Focus diesels or whatever. Limited supply will at least hold prices firm, if not push them up.

Landyaddict

I've been watching a car on Carzone since beginning of December 09.
Original price was 8950.00
Todays price for same car 7950.00

I've arranged a test drive and viewing for Saturday

So, I think the prices are coming down..... slowly

Landy

potsy11

I think you will find that the people who say car prices are going to rise will be the very same people you will be buying the overpriced car off.

I too have been watching the same cars over the last 3 months come down in price and/or not selling.

Saab Ed

potsy11 wrote: »

I think you will find that the people who say car prices are going to rise will be the very same people you will be buying the overpriced car off.

I too have been watching the same cars over the last 3 months come down in price and/or not selling.

I understand your cynisism but most of us trade subscribers here give an un-biased , honest and balanced view point while posting. The cynic in me would want to agree with you if I was a neutral reading this thread but what I said is fact. This year will be one of the strongest years for used car values for a while IMO .

bazz26

Landyaddict wrote: »

I've been watching a car on Carzone since beginning of December 09.
Original price was 8950.00
Todays price for same car 7950.00

I've arranged a test drive and viewing for Saturday

So, I think the prices are coming down..... slowly

Landy

Or maybe the garage has realised that they overpriced the car at 8950 and had no interest in it.