I have offers for a new car of Circa 26600 (carwow) in my choice
of metallic.

2nd hand/ex demo "year old" examples are advertised (ebay, auto
trader) for 24000 or 24500, usually in cheapo white.

If these cars retain 45% value after 3 years shurely these used
prices are way over the odds?

What gives?
--
Jim K


----Android NewsGroup Reader----
http://usenet.sinaapp.com/

In article ,
jim k wrote:

of metallic.

2nd hand/ex demo "year old" examples are advertised (ebay, auto
trader) for 24000 or 24500, usually in cheapo white.

If these cars retain 45% value after 3 years shurely these used
prices are way over the odds?

What gives?

They are generally what's known as pre-registered. The dealer sort of buys
the cars himself to get the discounts offered by shifting over a certain
number. So they are generally new and unused, but you become the second
owner. Possibly last year's model too. But can be a good buy if the price
is right.

Obviously check the mileage. Some hire companies might change cars every
year. Or some lease deals. But those should be much cheaper.

--
*I love cats...they taste just like chicken.

Dave Plowman London SW
To e-mail, change noise into sound.

"Dave Plowman (News)" Wrote in message:
In article ,
jim k wrote:

of metallic.

2nd hand/ex demo "year old" examples are advertised (ebay, auto
trader) for 24000 or 24500, usually in cheapo white.

If these cars retain 45% value after 3 years shurely these used
prices are way over the odds?

What gives?

They are generally what's known as pre-registered. The dealer sort of buys
the cars himself to get the discounts offered by shifting over a certain
number. So they are generally new and unused, but you become the second
owner. Possibly last year's model too. But can be a good buy if the price
is right.


Which are you referring to? the brand new offers or the year old
second hands?

The brand news are unregistered main dealer supplied current
models - I expect them to be *the* latest models.

What I am getting at is the 2nd hands don't seem cheap enough when
comparing the prices & allowing for steep 1st year
depreciation...

--
Jim K


----Android NewsGroup Reader----
http://usenet.sinaapp.com/

On Wed, 11 Jan 2017 13:23:55 +0000, jim wrote:

I have offers for a new car of Circa 26600 (carwow) in my choice
of metallic.

2nd hand/ex demo "year old" examples are advertised (ebay, auto
trader) for 24000 or 24500, usually in cheapo white.

If these cars retain 45% value after 3 years shurely these used
prices are way over the odds?

What gives?

They expect the buyer to be less smart than you and assume that a nearly
new car will be a lot less than a brand new car and so don't bother to do
the sums.

Especially when a number of brand new cars come with zero percent finance
deals so actually work out cheaper than buying s/h with a loan of c5%.

On Wednesday, 11 January 2017 13:23:57 UTC, jim wrote:
I have offers for a new car of Circa 26600 (carwow) in my choice
of metallic.

2nd hand/ex demo "year old" examples are advertised (ebay, auto
trader) for 24000 or 24500, usually in cheapo white.

If these cars retain 45% value after 3 years shurely these used
prices are way over the odds?

What gives?
--

I'm a one year old or thereabouts buyer.
I usually get 20-25% off the new price.
But you don't get that buying an ex-demo from a dealer.

Most of the ones I've had in the past were repossessed jobs.
The main thing is to be flexible and shop around.
Don't set your heart on any particular thing.

On 11/01/2017 18:20, harry wrote:
On Wednesday, 11 January 2017 13:23:57 UTC, jim wrote:
I have offers for a new car of Circa 26600 (carwow) in my choice
of metallic.

2nd hand/ex demo "year old" examples are advertised (ebay, auto
trader) for 24000 or 24500, usually in cheapo white.

If these cars retain 45% value after 3 years shurely these used
prices are way over the odds?

What gives?
--

I'm a one year old or thereabouts buyer.
I usually get 20-25% off the new price.
But you don't get that buying an ex-demo from a dealer.

Most of the ones I've had in the past were repossessed jobs.
The main thing is to be flexible and shop around.
Don't set your heart on any particular thing.

It's worth checking leasing deals - PCH personal contract hire. If the
manufacturers are running special offers they can be well worth considering.
e.g. My Skoda £25k RRP cost £5500 total for 2 year hire inc VAT.

In article ,
jim k wrote:
They are generally what's known as pre-registered. The dealer sort of
buys the cars himself to get the discounts offered by shifting over a
certain number. So they are generally new and unused, but you become
the second owner. Possibly last year's model too. But can be a good
buy if the price is right.


Which are you referring to? the brand new offers or the year old
second hands?

The brand news are unregistered main dealer supplied current
models - I expect them to be *the* latest models.

What I am getting at is the 2nd hands don't seem cheap enough when
comparing the prices & allowing for steep 1st year
depreciation...

Are they actually a year old - or just an earlier registration?
But of course you can *ask* whatever price you like for a used car.
Doesn't mean to say it will sell.

--
*What do little birdies see when they get knocked unconscious? *

Dave Plowman London SW
To e-mail, change noise into sound.

Mark Allread Wrote in message:
On Wed, 11 Jan 2017 13:23:55 +0000, jim wrote:

I have offers for a new car of Circa 26600 (carwow) in my choice
of metallic.

2nd hand/ex demo "year old" examples are advertised (ebay, auto
trader) for 24000 or 24500, usually in cheapo white.

If these cars retain 45% value after 3 years shurely these used
prices are way over the odds?

What gives?

They expect the buyer to be less smart than you and assume that a nearly
new car will be a lot less than a brand new car and so don't bother to do
the sums.

Especially when a number of brand new cars come with zero percent finance
deals so actually work out cheaper than buying s/h with a loan of c5%.


Ah. Ironically I'd prefer a good 1 year old to avoid the big hit
in year 1 depreciation.

What are my chances of "talking sense" into a dealer about such a
vehicle? (I can easily imagine them sticking to their guns &
waiting for a punter to roll up & cough up...)

Or is it just a "buy a new one & hope the residuals hold up in 3
years" job?

--
Jim K


----Android NewsGroup Reader----
http://usenet.sinaapp.com/

On 11/01/2017 19:24, jim wrote:
"Dave Plowman (News)" Wrote in message:
In article ,
jim k wrote:
They are generally what's known as pre-registered. The dealer sort of
buys the cars himself to get the discounts offered by shifting over a
certain number. So they are generally new and unused, but you become
the second owner. Possibly last year's model too. But can be a good
buy if the price is right.


Which are you referring to? the brand new offers or the year old
second hands?

The brand news are unregistered main dealer supplied current
models - I expect them to be *the* latest models.

What I am getting at is the 2nd hands don't seem cheap enough when
comparing the prices & allowing for steep 1st year
depreciation...

Are they actually a year old - or just an earlier registration?

The ones around 24k are early 16 platers from March last year.

But of course you can *ask* whatever price you like for a used car.
Doesn't mean to say it will sell.

What's their reasoning for it though?


I think you'd have to ask - might be fitted extras. If it doesn't make
sense, and the price is close to your quote for a new car - tell them.
Nothing to lose?!

--
Cheers, Rob

"Dave Plowman (News)" Wrote in message:
In article ,
jim k wrote:
They are generally what's known as pre-registered. The dealer sort of
buys the cars himself to get the discounts offered by shifting over a
certain number. So they are generally new and unused, but you become
the second owner. Possibly last year's model too. But can be a good
buy if the price is right.


Which are you referring to? the brand new offers or the year old
second hands?

The brand news are unregistered main dealer supplied current
models - I expect them to be *the* latest models.

What I am getting at is the 2nd hands don't seem cheap enough when
comparing the prices & allowing for steep 1st year
depreciation...

Are they actually a year old - or just an earlier registration?

The ones around 24k are early 16 platers from March last year.

But of course you can *ask* whatever price you like for a used car.
Doesn't mean to say it will sell.

What's their reasoning for it though?

--
Jim K


----Android NewsGroup Reader----
http://usenet.sinaapp.com/

RJH Wrote in message:
On 11/01/2017 19:24, jim wrote:
"Dave Plowman (News)" Wrote in message:
In article ,
jim k wrote:
They are generally what's known as pre-registered. The dealer sort of
buys the cars himself to get the discounts offered by shifting over a
certain number. So they are generally new and unused, but you become
the second owner. Possibly last year's model too. But can be a good
buy if the price is right.


Which are you referring to? the brand new offers or the year old
second hands?

The brand news are unregistered main dealer supplied current
models - I expect them to be *the* latest models.

What I am getting at is the 2nd hands don't seem cheap enough when
comparing the prices & allowing for steep 1st year
depreciation...

Are they actually a year old - or just an earlier registration?

The ones around 24k are early 16 platers from March last year.

But of course you can *ask* whatever price you like for a used car.
Doesn't mean to say it will sell.

What's their reasoning for it though?


I think you'd have to ask - might be fitted extras. If it doesn't make
sense, and the price is close to your quote for a new car - tell them.
Nothing to lose?!


Yup. Just sounding out my pitch :-)

Next obvious question after I boldly point out I think their
prices are way too high is :- What price do you think it should
be sir?
what is a standard 1st year depreciation figure given the industry
expects a 3year old car to be worth 45%....
The depreciation curve is steep initially then slightly less steep
in yrs 2&3, so 25% in year 1? 15% in each of yrs
2&3?

So if I were to buy at 26600 after 1 year &~10 thousand miles it
should be worth 19950....? Seems a long way from 24000 for them
to come down?

List price is 30k, so after 1 year theoretical "list based" value
should be 22.5k.
But who pays list price? (except Mason :-) )

--
Jim K


----Android NewsGroup Reader----
http://usenet.sinaapp.com/

I HAVE A NEW GIULIA READY 1MAR17 FOR £32000, BUT WILL KEEP MY £2000 07 159 FOR COMMUTING.

"Simon Mason" wrote in message
...
I HAVE A NEW GIULIA READY 1MAR17 FOR £32000, BUT WILL KEEP MY £2000 07 159
FOR COMMUTING.

Dick.

On 11/01/2017 13:23, jim wrote:

I have offers for a new car of Circa 26600 (carwow) in my choice
of metallic.

2nd hand/ex demo "year old" examples are advertised (ebay, auto
trader) for 24000 or 24500, usually in cheapo white.

If these cars retain 45% value after 3 years shurely these used
prices are way over the odds?

What gives?

One explanation I have heard is that dealers are encouraged to overprice
cars of the same marque and put prices of alternative marques much
lower, to con people into thinking depreciation has slowed for their cars.

On Wed, 11 Jan 2017 18:30:39 +0000, jim wrote:

Mark Allread Wrote in message:
On Wed, 11 Jan 2017 13:23:55 +0000, jim wrote:

I have offers for a new car of Circa 26600 (carwow) in my choice
of metallic.

2nd hand/ex demo "year old" examples are advertised (ebay, auto
trader) for 24000 or 24500, usually in cheapo white.

If these cars retain 45% value after 3 years shurely these used
prices are way over the odds?

What gives?

They expect the buyer to be less smart than you and assume that a
nearly new car will be a lot less than a brand new car and so don't
bother to do the sums.

Especially when a number of brand new cars come with zero percent
finance deals so actually work out cheaper than buying s/h with a loan
of c5%.


Ah. Ironically I'd prefer a good 1 year old to avoid the big hit
in year 1 depreciation.

I can understand that - but if the 1yr old one costs 'alomost' the same
as new and there's no finance deal why not buy new? You also have an
extra year warranty.

If the 1yr old one *is* heavily discounted then it does make sense - but
not at the figures you quoted above.

What are my chances of "talking sense" into a dealer about such a
vehicle? (I can easily imagine them sticking to their guns &
waiting for a punter to roll up & cough up...)
Always worth a try - go in armed with your figures and see if they'll
talk sense. If not you walk away and try another dealer/ make/model

Or is it just a "buy a new one & hope the residuals hold up in 3
years" job?

That is always a gamble - on any car. But why buy a 12 month old car at
an inflated price? Its 3 year old value (after you've had it for only 2
years) will still be the same as the new one at 3 years old.

In article ,
jim k wrote:
Are they actually a year old - or just an earlier registration?

The ones around 24k are early 16 platers from March last year.

OK. How many miles?

But of course you can *ask* whatever price you like for a used car.
Doesn't mean to say it will sell.

What's their reasoning for it though?

No idea. Only time a used car can make near the same (or even more) than a
new one is when a new model is in great demand but short supply. Pretty
rare.

--
*I don't suffer from insanity, I enjoy every minute of it *

Dave Plowman London SW
To e-mail, change noise into sound.

"Dave Plowman (News)" Wrote in message:
In article ,
jim k wrote:
Are they actually a year old - or just an earlier registration?

The ones around 24k are early 16 platers from March last year.

OK. How many miles?

9.5k, 5k...

--
Jim K


----Android NewsGroup Reader----
http://usenet.sinaapp.com/

Ah, the old marketing ploy again.

Sounds like sharp practice to me, but then I've always suspected that this
is all marketing is anyway.
Brian

--
----- -
This newsgroup posting comes to you directly from...
The Sofa of Brian Gaff...

Blind user, so no pictures please!
"Fredxxx" wrote in message
news
On 11/01/2017 13:23, jim wrote:

I have offers for a new car of Circa 26600 (carwow) in my choice
of metallic.

2nd hand/ex demo "year old" examples are advertised (ebay, auto
trader) for 24000 or 24500, usually in cheapo white.

If these cars retain 45% value after 3 years shurely these used
prices are way over the odds?

What gives?

One explanation I have heard is that dealers are encouraged to overprice
cars of the same marque and put prices of alternative marques much lower,
to con people into thinking depreciation has slowed for their cars.

Only time a used car can make near the same (or even more) than a
new one is when a new model is in great demand but short supply. Pretty
rare.

Agree its rare but its happening now with the UK spec Mustangs, 8-12 month waiting list so good second hand ones selling for same or more than new list price. What you'd be paying for is getting it now, not in 8 months. (In the end decided 15-20mpg and loose rear end traction was not for me)

On Wed, 11 Jan 2017 13:26:12 -0800 (PST), Simon Mason
wrote:

I HAVE A NEW GIULIA READY 1MAR17 FOR £32000

Crikey £32,000 : you must have loads of money

Will you be putting your Garmin in it - with the wires hanging down across the
windscreen?

On Thursday, 12 January 2017 08:57:43 UTC, Judith wrote:
On Wed, 11 Jan 2017 13:26:12 -0800 (PST), Simon Mason
wrote:

I HAVE A NEW GIULIA READY 1MAR17 FOR £32000

Crikey £32,000 : you must have loads of money

Will you be putting your Garmin in it - with the wires hanging down across the
windscreen?

YES.

In article ,
simon mitchelmore wrote:
Only time a used car can make near the same (or even more) than a
new one is when a new model is in great demand but short supply. Pretty
rare.

Agree its rare but its happening now with the UK spec Mustangs, 8-12
month waiting list so good second hand ones selling for same or more
than new list price. What you'd be paying for is getting it now, not in
8 months. (In the end decided 15-20mpg and loose rear end traction was
not for me)

Last time I was aware of it was with the BMW E39 round about '97. You
could get a 5 grand profit on a new unused car. For a few months after the
intro.

Don't ask me how I know. ;-)

--
*Modulation in all things *

Dave Plowman London SW
To e-mail, change noise into sound.

On 11/01/2017 20:14, jim wrote:
RJH Wrote in message:
On 11/01/2017 19:24, jim wrote:
"Dave Plowman (News)" Wrote in message:
In article ,
jim k wrote:
They are generally what's known as pre-registered. The dealer sort of
buys the cars himself to get the discounts offered by shifting over a
certain number. So they are generally new and unused, but you become
the second owner. Possibly last year's model too. But can be a good
buy if the price is right.


Which are you referring to? the brand new offers or the year old
second hands?

The brand news are unregistered main dealer supplied current
models - I expect them to be *the* latest models.

What I am getting at is the 2nd hands don't seem cheap enough when
comparing the prices & allowing for steep 1st year
depreciation...

Are they actually a year old - or just an earlier registration?

The ones around 24k are early 16 platers from March last year.

But of course you can *ask* whatever price you like for a used car.
Doesn't mean to say it will sell.

What's their reasoning for it though?


I think you'd have to ask - might be fitted extras. If it doesn't make
sense, and the price is close to your quote for a new car - tell them.
Nothing to lose?!


Yup. Just sounding out my pitch :-)

Next obvious question after I boldly point out I think their
prices are way too high is :- What price do you think it should
be sir?
what is a standard 1st year depreciation figure given the industry
expects a 3year old car to be worth 45%....
The depreciation curve is steep initially then slightly less steep
in yrs 2&3, so 25% in year 1? 15% in each of yrs
2&3?

So if I were to buy at 26600 after 1 year &~10 thousand miles it
should be worth 19950....? Seems a long way from 24000 for them
to come down?


Indeed - you haven't really got many places to go - maybe show them a
few Autotrader ads?

I'd have to admit this is one the main reasons I go to car supermarkets
nowadays. IME they don't fluff about with prices and manage half-decent
part exchange.


List price is 30k, so after 1 year theoretical "list based" value
should be 22.5k.
But who pays list price? (except Mason :-) )


Beats me :-)

--
Cheers, Rob

On 2017-01-13, Dave Plowman (News) wrote:
simon mitchelmore wrote:
Only time a used car can make near the same (or even more) than a
new one is when a new model is in great demand but short supply. Pretty
rare.

Agree its rare but its happening now with the UK spec Mustangs, 8-12
month waiting list so good second hand ones selling for same or more
than new list price. What you'd be paying for is getting it now, not in
8 months. (In the end decided 15-20mpg and loose rear end traction was
not for me)

Last time I was aware of it was with the BMW E39 round about '97. You
could get a 5 grand profit on a new unused car. For a few months after the
intro.

I know someone who bought a Lotus Elan (the 1989 one, not the 1962 one),
decided after driving it a bit that it was so good it was boring compared
with his other Lotuses, and sold it at a profit to someone who wanted to
skip the queue.