The price of second hand cars...

[Monzadave]

I was just thinking about the state of the second hand car market at the moment, and wondered what everyone thinks about it?

When i heard the new plans for the road tax bands on all post 2001 cars i asumed older second hand cars would increase in price due to people getting rid of their newer cars (for example the mk4 R32 will be £450 to tax next year), and buy older cars.

But then we had this 'credit crunch'/'recession' hit, and people selling their cars cheap because they need the cash (i'm dramatizing, but it could happen), or at least people don't have the spare cash to upgrade to a new/better car.

What are you guys and girls seeing in the second hand market at the moment?

[s2martyn]

i thought the same(people would change to older cars)but at the moment i have been buying older cars for peanuts...nothing at all is selling,maybe the credit crunch,also scrap price is back to a low(£115 per ton,£200 last month) everyone i speak to lately is skint including me...hope the s2 prices dont drop a lot

[Fat Audi 80]

Personally, I couldn't give a monkeys!

My S2 will never be sold, so the value is immaterial to me. Also, I don't buy cars very often and don't buy expensive new or nearly new cars, so the depreciation does not affect me either.



Cheers,

Steve

[Acidburn]

Good time to buy cars i.e. I picked up a tdi avant 136k on the clock, 10 months mot 4 months tax, brand new front/rear shocks lowered and clifford alarm, set me back 150 quid.

[hiltoa]

Bad time to sell cars. Anyone want my (just too old to be crucified by the greedy tax con) A4 Avant 1.8tqs?

[T2Andy]

The b6 s4 seems to be dropping like a stone at the moment seen one for 10k recently
about 6 months ago they were about 14k