Q for car dealers/traders

Eireplates

What large family car is currently the most in demand on the used market?

Is it something like a 3-4 year old Avensis/Passat estate/saloon ?

Looking to buy something that we can sell again in 6 months with minimum loss if that is possible?

Drummerboy08

Can't really go wrong with a Passat or Superb in terms of residual values.

miller50841

Avensis would be good investment but they are expensive.
Mondeo would be a lot cheaper

Drummerboy08

Mondeo RV wouldnt be great, and Avensis isn't what it used to be.

miller50841

All depends on what your budget is

colm_mcm

for 6 months just buy something for tiny money, pref a big barge for 1500, tax for 6 months, waft around and sell again.

In six months time it'll be 2013.

Anan1

colm_mcm wrote: »

for 6 months just buy something for tiny money, pref a big barge for 1500, tax for 6 months, waft around and sell again.

This. You'll pay more for a car that's more in demand, and everything sells at the right price.

bazz26

Yep, crazy spending thousands on something you will be selling in 6 months time which will be a year older with regards resale value. Check the bangernomics thread.

Eireplates

Thanks for the replies. In this case not interested in a banger

A cars depreciation curve starts to flatten at around 3 to 4 years old. Buying something fresh that is only 3 - 3.5 years old at a good price and selling at 4 years old is not going to loose a whole lot ist it?

Anan1

Eireplates wrote: »

A cars depreciation curve starts to flatten at around 3 to 4 years old. Buying something fresh that is only 3 - 3.5 years old at a good price and selling at 4 years old is not going to loose a whole lot ist it?

You should get some sort of an idea by looking at the difference in asking prices at 3 and 4 years for particular cars now. Buying a popular car won't save you money, as it's the difference between what you pay and what you get on resale (plus the cost of the money tied up) that matters. As a general principle, the more you pay the more you lose.

If buying from a dealer you could quite likely lose up to 3 or 4k easily.

Eireplates

What about a trip across the water? Buy right now and price right here when it comes to sell in 6 months time?

Del2005

With the budget in December who knows what cars will be easy to shift. The tax is going way up on most modern diesels.

You could loose more when selling on a newer car than you spend on a cheap one.

Big Nasty

The likes of Avensis / Mondeo / Passat, etc. you're going to loose close to €2k on anyhow. If it was me I would spend €2k on a luxobarge, tax for six months, then sell for min €1k in the new year.

rebel.ranter

Eireplates wrote: »

What about a trip across the water? Buy right now and price right here when it comes to sell in 6 months time?

With the way sterling is now against the euro it is starting to make sense to sell stuff the other way, particularly cars with the higher CO2 emissions. Also the way the NCT boys load on the costs for VRT & the delays, etc. it would further discourage going that route.

I'd buy a Blue Motion A4 or Passat!!! I know where there is a silver Bluemotion Passat estate (2008) for sale, looks tidy enough & drives nicely.

galwaytt

Eireplates wrote: »

What about a trip across the water? Buy right now and price right here when it comes to sell in 6 months time?

rebel.ranter wrote: »

With the way sterling is now against the euro it is starting to make sense to sell stuff the other way

Exactly, Sterling is too strong now to make sense: it's cheaper to buy here.

I sold my 2 x cars TO the UK not long ago, because of it.

And, the dearth of sales generally, means that good used cars are actually going to hold their price for a while - there is nothing to replace them with. No/low new car sales = no/low used car sales in Year 3, 4 etc.

Spend less, lose less. That doesn't mean you have to buy a banger, merely something that most people DON'T want. Good ol LS400 or GS300 would be ideal.

Eireplates

Food for thought .....

Thanks for the replies.