mjheathcote
Centenary Club
- Messages
- 9,046
How long can it continue?
I've tracked the WBAC value of my BMW M140i for the last 3 years.
Doing a valuation today, the price has exceeded the valuation of over two years ago.
But today, its twice the age, and twice the mileage!!
It's so tempting to 'cash in', and hold off a replacement until the market stabilises, downwards.
But will it?
Can't continue rising, but will it level off?
If leveling off no point cashing in.
Was watching an analysis on YouTube in the US car trade, and the conclusion is that the car trade in 3 years will be in crisis.
All those buying today at inflated values will be in so much negative equity in 3 years time, after the market returns to normal, that they won't be able to get themselves into the next car, even rolling over their negative equity will be too much for the financial lenders to allow.
Basically saying if you need a new car today, lease it.
I was surprised a colleague at work buying an Audi S3 a couple of weeks ago for £25K, on a 66 plate, with 30K miles.
That's more than I paid for my 17 plate M140i three and a half years ago with only 3K miles!
I've tracked the WBAC value of my BMW M140i for the last 3 years.
Doing a valuation today, the price has exceeded the valuation of over two years ago.
But today, its twice the age, and twice the mileage!!
It's so tempting to 'cash in', and hold off a replacement until the market stabilises, downwards.
But will it?
Can't continue rising, but will it level off?
If leveling off no point cashing in.
Was watching an analysis on YouTube in the US car trade, and the conclusion is that the car trade in 3 years will be in crisis.
All those buying today at inflated values will be in so much negative equity in 3 years time, after the market returns to normal, that they won't be able to get themselves into the next car, even rolling over their negative equity will be too much for the financial lenders to allow.
Basically saying if you need a new car today, lease it.
I was surprised a colleague at work buying an Audi S3 a couple of weeks ago for £25K, on a 66 plate, with 30K miles.
That's more than I paid for my 17 plate M140i three and a half years ago with only 3K miles!