Nayf
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This. The prospect of negative interest rates means there’s a rush for assets. There’s also ‘survivor justification’; I could die at any moment so why not enjoy my cash. With regards to which cars, then stuff pre-2005 and certainly pre-2000. There are few cars available in decent nick, supply and demand rules. Add in nostalgia too...Maybe I am a contrarian here, but we might actually see an improvement on classic/rare car prices, following unpresedented synchronised monetary policy and collapse of long term rates.
The rush away from public transport is driving a surge for ‘cheap’ cars. Auto Trader is reporting double digit searches for sub £1500 cars.
It’s a great time to buy post-2005 cars. There are lots of them about, so plenty of choice. There isn’t the same nostalgia that feeds the older stuff feeding the market yet.