I impulse bought a Coupe (4200) on eBay while drunk. Sight unseen from the Welsh coast, with no MOT. It was. a...'brave'* choice. Still, worked out okay but based on the maths from another thread here it cost me about £2/mile over 5 months so not the worst thing I've ever done.
*Utterly stupid
This one on PH auctions has a few cosmetic issues but looks good overall I'd say. I'm interested to see the price it goes for - 30 mins out and it's £3.4k!
https://www.pistonheads.com/buy/auction/15807638
Don't forget to add the seller's fee of 9% +£300 "catalogue fee".
So 24% + £300 in total.
This is obscene in 2023 when all industries are decimating middlemen. Trade Classics buyers fee is 5%+VAT and there's no % sellers fee!
We’re at the stage of the cycle where the investment geniuses can’t admit that they aren’t investment geniuses, so won’t adjust their pricing. That comes in due course, and prices will likely tank as everyone tries to get out at once.
I’ll get some more details but based on what’s happening I think your theory that it’s the cheaper ones is most likely. People buying at that price point are more impacted by things like mortgage and energy costs, in my opinion.
1) it’s only back to where it was before the COVID insanity I think.
2) the whole car market is tanking - I’ve had multiple emails from several dealers I’d not had any contact with for a decade, telling me about their new car discounts. I have it on good authority from a friend in the industry...