Agree mate. Covid has killed everything . For 3 years we've been fooled now with car prices, energy, food prices etc etc and there's no sign things are settling.
I feel your pain, Gary. The curse of the EV has meant that folk who dislike them, like me, are holding on to their ICE cars for as long as possible. That’s pushing used values of ICE cars up. I used to buy car magazines weekly and monthly for over 25 years. I gave up 5 years ago because every story is about a boring EV. I couldn’t give a f@@k about it. Your beautiful RS is the last of its kind. Cherish and enjoy it. Cheers.
New car prices are absolutely ridiculous, and I would like to know their excuse as to why they cost so much now. We are just being ripped off due to greed and nothing else and people are stupid enough in this country to keep buying them.
It's true. The jump in prices used to be gradual, now it's steep. From what I've seen around, the costs have gone up dramatically (components, electricity . labour etc) , raw materials . Also, some brands pack too much technology in their cars. Another story I've heard is that car companies produce less cars but charge more for them (higher profit/high demand).
and the new led headlights are terrible on some cars the drl are too bright ( never mind the dip beams) and too sporadic , especially when some cunt is tailgating you
They inflated the money supply paying people to stay at home att the same time supply of goods and services were seriously impaired, fiat currency is trash, we've all been had.@@kamilianos
Your absolutly bang on mate, I've been searching for ages to find a decent priced family car and eventually went for a 2019 A4 avant. While looking I noticed new nissan quashqai's were touching 40k. Absolutly mental for an everyday family motor. PCP deals making it easier to get into them but never owning it is partly to blame for high costs if you ask me
Agreed, although my wife and I have decent jobs I cannot understand how people can afford new car prices even on a pcp deal.I saw a 'deal' for a new civic 37k otr.6k+deposit and 500 per month. Thats 30k for 48 months and a car you will have to give back! Crazy😮
You’re not wrong - it’s crazy at the minute, currently got a lightly modified mk8 fiesta st with just under 24k miles and I keep fancying a swap to an Audi s3 sport back, but the prices for them are ridiculous &/or the ones in my price bracket have all done mega miles, same with the golf r’s too! Went to look at a potential car recently (went to look at what looked like a very nicely specced 420d Beemer) that looked great in the pictures and the salesman told me how “they only buy the best examples “, got there and every panel had marks/scratches on , all 4 wheels wanted refurbishing & as soon as I pointed this out things went sour and the money they offered me for my car suddenly wasn’t attainable anymore- the deal fell apart🤷♂️
All because people are duped into PCP ‘s . So you can drive a new car for £ 500 a month and hand it back after 3 years having paid nearly £ 20k for the privilege only to start all over again. Most electric cars are bought by businesses as a tax write off. I’m still driving my 17 year old car which I bought ten years ago for £3k.
We've had a very similar experience whilst looking for an S-Max Titanium Sport X. Every one we looked at within what we thought was a reasonable budget were complete dogs. Eventually ended up forking out £11,000 for a 62 plate with 84K. The used car market is utter madness.
you can always walk away there are plenty of dealers out there with good prices if they want to stay in business, before parting with your cash get an independant check and valuation such as carcheck or vcheck
I remember buying a 10 year Old Ford Fiesta off eBay with 20,000 miles for £1100 a few years ago…. Now a 10 year old Fiesta is like 6 or 7 GRAND!!! It’s mental 😂
Sold my mk6 fiesta 11 years ago for £5000 and was looking for a runaround for work along side my C43 and mk6s are still near £3000 for a nice one I just couldnt bring myself to pay that for a 2007/2008 fiesta
Totally agree with you, I would love to buy another car but I’m holding out as I feel all car prices need to come down, good news is house prices are now falling, so hopefully car prices won’t be far behind them with the increase in interest rates.
The thing i notice is most private buyers are now asking retail (or close) money themselves. The private sale cars that are priced sensibly are still selling fairly quickly.
My opinion is that since the days of WBAC, people are selling their cars to dealers so less lower priced private sales. And the shortage in micro chips so car makers are only selling mid to higher spec'd new cars, no basic models, therefore pushing the price of 2nd hand cars up, especially low spec models as time goes on they'll be less common.
Glad you did a video on this. The market is just stupid at the moment. I’ve never owned a newer car and even though I am starting to get into a position where I could potentially get something newer, the rates and therefor the monthly payments are just insane. I have been looking into best used pcp deals for things like Golf GTI/clubsport/R, or bmw m135i and similar. I think the Golf would be my choice but with the market the way it is, you have to really be swayed by the residual values, which Golf’s are apparently bad and m135i right now are much better for. You can’t really get what you want, you are having to alter your outlook a lot due to the market. I look around for say a 2015 Golf GTi or Audi S3 and they also quite mad money for their age. I bought a 2003 mk1 S3 in about 2010 for £8600 and at that point it was 7 years old!! Equivalent 7/8 year old car now 2015, probably double that!!
100% correct mate. I was looking at 2015 Golf R's in 2019 and ithey were c.£16k. Now the same 2015 Golf R is £19k and 4 years older !! Plus insurance quotes... mine are now over £1000 for one instead of £600. Crazy times. 😮
No need to apologise Gary it’s good to have a rant every so often and I totally agree with what you mate. It seems we are being totally ripped off in every area of life at the moment! Feel free to have a rant/vent on a regular basis mate. 👍🏻
Recently bought a 2 year old kuga for the family, there was a focus ST in the showroom, it was £40,000!!! 40k for a ford focus, its absolutlely bonkers! Im meant to be treating myself to an RS next year, might just spend the money on the garden instead 😂
Couldn’t agree more. I have a MK3 RS, got it the same time as you got yours, and work hard to also fund a daily 17 plate focus estate, again like you also had so the RS is well looked after. For the first time Iv had to let a daily driver run over 100k miles as there is nothing out there I can reasonably afford to replace it. The price of similar cars, older and with only just less miles is just outrageous! My daily cost me 10k 3yrs ago, I reckon I’d be paying 15k + for the same thing in todays market, it’s a joke. I was contemplating swapping the RS for the new mustang that Ford keep bombarding my email inbox with, but they don’t tell you the price, and I wouldn’t be surprised if that is touching 50k when it’s released, given a focus ST can be anywhere near 38k, which will be a hard pass!! I also feel this a stealth way of pushing us towards the electric crap market, which is a day all petrol heads like us should dread!
Totally with you on this, its crazy. I was thinking of moving my Cupra on too, but I'm going to keep hold for a couple more year rather than take a double hit like you mention. Would you ever do another series like you did with the track Clio with Road and Race?
I have quite a long list of seemingly average cars that I'd like to own but I think fondness for them will grow further with these newer electric cars that try to second guess your every move but then get it wrong, so you spend the rest of your journey trying to override it.
Completely agree. I'm looking for a car now after owning a toyota for 10 years. The price has doubled in that time! I'm holding off buying another one yet but I can't see the prices falling.
Brought a cat S Astra 1.4 2012 plate for use at weekends about 3 years ago as van i use for work is only insured for company use. Fancy getting something different now with a bit more punch like a Vauxhall Mokka 1.6 turbo but prices for even a 2014 plate with relatively low mileage look well inflated.
Totally agree Gary! 10k down on a brand new golf r and 750 a month! Is that on pcp too? And I cant believe when you said that mondeo estate was 10k, I looked at titanium x sports on autotrader instantly and they are all fortunes! Something really isn’t making sense, even a 15 plate Audi S3 DSG was cheaper to buy when 3 years old in 2018, than it would be to buy now at 8 years old. Very strange times at the moment in the car market, nothing seems like a good deal any more
Agree, new and used, car and vans! Prime example on vans… in 2013 my dad got a brand new Citroen Berlingo for a smidge over £10,000 vat included, yes it was a good deal then but now without crunching numbers they sit around £20,000 + vat (£24,000) so they have doubled in 10 years.😅
Please I need clarification. I saw a car in Facebook marketplace. Sent a chat to the seller which I got a reply. I was referred to a Gmail address to send an email. So they sent the details of the car. However, they said they don’t allow inspections of their cars that it has been checked by professionals. I should pay for delivery of the car and I can return the car within 5 days at their own cost if I don’t like the car. They stated the delivery company for the car which is genuine after I check on Company House. Can this process be a scam considering they don’t allow inspection of the car?
You’re completely right I thought I was the only one saying this I was 18 in 2018 just passed there was hundreds of options for sub £500 decent first cars even around lockdown when I was buying and selling cars after 2021 everything has gone up crazy prices
I’ve just decided after considering moving on from my Fiesta ST that the prices of cars I’d like are crazy and I refuse to pay it so keeping the ST and done my motorbike test, out bike shopping tomorrow time for a new journey
Totally agree. my focus ST3 is due to be paid off in may24 (on a loan not finance) and we buy and others offering me c9-10.5k. similar ones for sale are up for £13K or more. I would love to upgrade to an RS next year but dont think its a realistic option at the moment.
The market is insane. Just put a new clutch in my 22 year old SEAT Toledo because anything half decent is going to be 2 - 3 grand. Money I don't have...
Totally agree it’s my going in pain for over a year now. I’m really desperate to upgrade my fiesta to something a bit fancier like a c class or a 3 series but I can not justify the prices can’t help but feeling ripped off which is putting me off buying atm. Yet seems like prices might be going up in the first quarter of 2024 so got at least another year of waiting before actually conceding the upgrade or afford it to be precise lol
Haha. I’ve all but given up and accepted the fact that the best way is to just keep my current car otherwise I’ll just be shafted from both ends financially 😢
Yeah used car markets on retail are still way too high. Now if you are going to trade your car in you are starting to see what the real market value of the car is. Looking at the US market at the minute. Wholesale markets fell 3% in 2 weeks yet the retail market in the states is still over inflated. Things surely have to level out at some stage in the UK, higher interest rates, people mortgages etc . Will dealers still hold tight on high prices in the hope that some eejit will still pay the price or will manufacturers pull back on supply to keep prices high. VW announced they are increasing new ca prices by I think 3.6%!! in August
Agreed, car prices are simply silly. I have had my current small car since 2011, its very reliable but I am fed up of it want another car but I will not pay fantasy prices. So I am doing as you say and waiting.....12 months.
4 years ago , the company I work for purchased a Ford Galaxy Titanium X (12 plate) with 55k for £5200. It’s likely worth more than that now with 105k on the clock and 4 years older. Don’t get me wrong it’s a lovely car but I’m the old (pre covid days ) this would have been a sun £2k banger by now.
totally agree mate, also i remember 10 years back engine swapped cars were common and very cheap but one question wanna ask everyone in the comments, does anyone recommend buying import cars, either from japan or from here, is the insurance cheaper, i found two import companies with youtube channels but no British people have made videos reviewing them, also i checked toyota japan and vietnam, brand new car is 12 grand, really tempting, but this is all my savings, so i don't wanna get scammed, btw i found a lot of people in south africa have made videos about importing from japan, any advice is highly appreciated everyone thanks
Certainly have noticed how dead the private market is nowadays. Fb groups and owners clubs are the only way now (for something hot hatch related). Everything has gone up so used cars are taken along with that. I think all cars will come down but I think we are highly unlikely to see sub 1k cars anymore due to the government wanting everyone in expensive EVs and I also think young kids now seem to have new cars and look down upon old ones. My first car was a 300 quid mini that me and my dad did up. You're lucky you got your RS when u did. Had my fk2 type r 4 years and I had zero depreciation in that time. Madness.
This is so true, I want something to replace my family wagon sub 10k, but there is nothing out there which I think is good value that tickles my fancy! Saw a 2012 BMW E91 advertised yesterday for 10 grand, well over 100k on the clock and quite clearly has a broken rear spring, not to mention the curbed alloys! I think I'll be sticking with my 250k mile 9-3 for the time being.
Trying to find a runaround, just seen a focus 1.8, was for sale in 2019 for £800 now for sale for £2100. Base model, total joke. I cant see prices coming down again unfortunately
A year ago we wanted to upgrade. Everything was such poor value I ended buying a brand new hot hatch because it had 5 year warranty and was 25k. And I got 2k px for a very tatty but good vw Passat tdi sport wagon. Every panel needed paint. Pre Covid that was a £800 car at best.
i understand what you mean about new car prices. i was going to trade in my 2017 leon fr to the local dealership. they offered my £9500. even we buy any car will give me £10k. dealers are a rip off; even more so now it seems.
I’ve just gotten in an accident and need a car for work. I have no idea what to do, I wish my car was written off but now I’m stuck with all these ridiculous prices!
If it's any consolation my Cupra 290 20reg has lost about £3k over 1 year also. TBH I don't think that's too bad for a performance car, although they will stick it up for sale at £23k and they were only £29k new! It's the cost of living crisis and interest payments that are killing it. Used cars are too expensive, leasing is a cheaper option if you do low miles.
It’s crazy, I was trying to get a 2017 s3, wasn’t able to get get up to Scotland and money together soon enough, was asking 27k for it, a few days later the guy passed it to a dealer who was selling it for 30k
In 2021 I bought my daily driver one owner from new 2017 Focus 182 BHP Titanium X estate. It had 17k miles on it and cost me £11k. Now two years on it has 33k miles on it and is worth about £14k - £15k, so it’s got older, gained miles, gained an extra owner yet it’s gone up on value. I would like to switch up to an ST estate or maybe a Leon Cupra estate, but TBH the prices are just silly. I’m not spending large sums for cars with more miles on than what I have and potentially in worse cosmetic condition than mine (mine is immaculate) just to gain some performance. I’ve got a new Fiesta ST for having fun so it’s just not worth the cost to swap out my Focus. I was lucky with the Fiesta because we pre ordered before the prices went stupid for those too. We got that for £24k which is still not cheap, but it’s a lot cheaper than what they became which was getting dangerously lose to £30k at the end. Rant away mate on your vids, I think most people here probably agree with you.
@ 6:55 I agree but people will always need cars unfortunately, but yes if people who don’t need them don’t buy them it will help. I think as the economy slows only the people who need cars will buy them and hopefully things will slow. But I agree prices are ridiculous.
Still amazes me that folk are willing to through big deposits for cars on PCP but you never actually own it! That big upfront payment was thrown on the fire. Worlds gone mad.
I think Sale or Return is the best bet for the Leon if it’s gotta go. I follow high peak autos and he does get a steady stream of cars offered to him. He often only makes £1k per car on the margin.
@@CarFocused It was ! WeBuyAnyCar offered my mum £150 for it, so I said I'd give her that but she said I could have it. They have since valued it as high as £925 ! Not that my mum lost out really as she borrows it quite often when her Kuga is in for maintenance/repair.
Totally correct on the higher end private sale used cars. Been trying to sell my Range Rover for about 2 months now it’s like trying to flog a dead horse. (NIGHTMARE)
same here. Bought a newish car used approved in March 2022 as required for my job, paid premium vs the average market value. Suddenly I don't it anymore and I am struggling to shift it without loosing thousands. In 2016-2018 the company I worked for sold 7 luxury cars (owner's toys) privately, without hassle (Cosworth RS, Audi S5, Golf R32, Land Rover Disco and more).
Totally agree with u on the mondeo 10,000 for a 10year old car its crazy money,and also the new cars are way over priced really don't get hw people are affording them,like your white RS looks well nice in white very clean car👍
It's the worst possible time to buy a car, or have trouble with a car, you're just getting shafted left right and centre, better hanging on to what you've got until the market sorts itself out.
Yep i agree with u on this either they got high milege for stupid prices or theres always something wrong with them used car buying has gone down hill and dealers are just rip offs .
@@CarFocused yep luckly ive been a bit lucky had a mk4 ford firsta swapped it for a e36 convertible bmw which i then swapped for a honda civic vtec currently sitting on 10500 miles moted till next march
First time viewer. I think this bubble may crash soon. I don’t actually think many cars are selling right now. With interest rates high, it would be expected an increase of car repossessions/returns etc, and thus a supply of cheap cars. Myself, I’m thinking classics right now - I can work on it without a computer, and possibly depreciation proof.
Yea I agree it has to come to a point where prices start to fall. I think older cars are becoming more desirable especially to enthusiasts so the price of those is silly too 😢
Totally agree, I had 5k to buy a car and thought I’d get a good car as doing about 16000 miles a year but in that price range they didn’t look any better than a car for a couple of grand. Ended up getting a mark 2 focus and actually think it looks better than a mark 3.
The secondhand market is the worst it's ever been, dealers etc are pushing the prices up and this effects private sales as they look at dealers prices and boost the prices up. The world is just mad and rapidly declining in the retail world, and not just retail 😢
Agree wholeheartedly. For two main reasons 1. Inflation. The money printing catches up with you eventually. Magic money tree is always there to create more currency, hence the value decreases - prices inflate. 2. It’s all about the monthly payment. People don’t really care how much a car costs, they just accept the monthly payment, this gives credit brokers the upper hand. In fact the price is not really that important to them, only the price of their credit. If you knock £1,000 off the sticker price but then offer a higher interest rate over 4 years, you’ve made up that money. If people paid cash for cars, they’d have to save up, they’d have a much stronger sense of the value of money, and prices would fall accordingly. Fiat money rots society. Buy Bitcoin!
Yep as long as there're people dumb/desperate enough to pay, dealers won't drop prices. However I could tell for enthusiasts' cars the demand has been weak for quite a while, there're a few cars I check weekly and I can tell they're sitting at the forecourt longer than ever, just dealers will not be cutting the prices (if they do, a few hundred quid max). That's said if the prices are to give in (more of a question of when), I'd think enthusiasts' cars will go first (of course not counting EVs - already crashed). On the new cars' front, the cheaper segment is becoming more expensive than ever, manufacturers know 80% of shoppers are locked in the PCP cycle anyway hence sticker prices are increasingly irrelevant. However, I can't see this continuing given the interest rates.
Funny enough ive watched vids over the past few weeks about the specialist car market plummeting. Ive noticed a few RS Focus that have been for sale for well over 6mths and haven't sold. Seen a few for sale with low mileage go for around £20k.
I think your idea of taking a basic looking small engine car and changing some parts to make it look like a sportier version is a good idea. It’s something I used to do in the late 90’s early 2000’s. As a younger driver back then insurance was a big factor and I wanted a nice looking car but wasn’t to fussed about the engine size at that point in life. These days young drivers are crippled by insurance premiums and have no chance of having a sportier version of car. I think there would be a good market for cars like this in today’s car world. As young drivers reach there early 20’s and with a few years no claims and insurance dropping to a more affordable price than when they first started driving their focus might change to something a bit sportier but don’t want their insurance to rocket again so a good alternative would be to keep the idea of a smaller engine but to buy something that looks the part, although their insurance would rise slightly again as they would declare some modifications it would be nothing in comparison to having the higher powered variant. Like I said I done this back in the day and all my cars looked incredible and were always the best looking cars I’m my town even though they had the smaller engines. Having said that now I’m the total opposite and I’m more focused on speed but I suppose In the car world that’s the way most of us transition. Anyway good video and I’ve subscribed to keep an eye on what you do next.
I agree, 5 or 10 years ago I could buy an old Volvo for £500, the same Volvo post covid is now five times as much and also well over the insurance write off value. Everyone is in survival mode including car dealerships.
I bought a Honda Jazz recently. It is a 20-year old car and the dealer was asking £3K. Far too much. I wouldn't have minded that price maybe - the bodywork wasn't too bad and the engine was sound, but the car had clearly not had a decent service for a very long time. I did knock him down on price because of all the work which needed doing on it - tyres exhaust brakes fluids etc. But I still wasn't really happy with what I paid. If they are going to ask high prices they should at least sell a car which isn't going to fail an MOT the moment you drive it off the forecourt.
I think people are being pushed towards the dealers by the amount of scammers that are out there on the various social media platforms and internet sales sites / auctions, They would rather pay over the odds than lose some or all of their money, plus there's the benefits of finance schemes, warranties and actually dealing with an established business rather than " selling on behalf of my mates grandads friend as they don't do the internet " 🙄
A good rant - I agree with all of what you say. Ford tried to 'entice' (ha) me into part-exchanging my 3 year old Mustang for £29k, when they would put it back on the forecourt for best part of £10k more than that....utterly crazy. I am lucky enough to be able to afford the balloon payment so it's a no-brainer decision for me, otherwise I would feel compelled to accept a derisory amount and then buy a new...what....there is nothing being made by Ford at the moment (or anyone else) that is remotely exciting to me. And if I didn't buy new, as you say, I would be paying well over the odds in the used market. All that said, it's no personal hardship for me to keep a car that I love. You and I both have great cars with character, I feel lucky, it's all the would-be petrol heads who are being denied entry into the market for all the reasons you list, who I feel sorry for.
The markets crazy, I bought a 2018 plate ST3 petrol last July with 24,000 miles on it, paid £17,500 for it & I've put 15k on & I'm being offered £18k for it, mad. On a different note I'd recommend one, it's such a well sorted car without the RS madness & I'm told in some of the mid range drags it's quicker than the RS, probably due to the extra weight of the 4wd system.
I’ve been looking at Mk3 ST estates - but the diesels for economy on the work commute. But I’ve come to the conclusion that due to inflated prices I’ll just keep the Cupra for at least another year, especially whilst it still has warranty remaining.
The used car market has been awful lately. Every time I see a "good deal" I'll read on and see "suspected head gasket" or "previously a Cat S but repaired to a high standard" etc. Other private cars seem to be priced the same as dealer prices, but without the warranty, test drive and part ex facilities etc. I do hope the bubble will burst. Part of the problem is that our money simply isn't worth what it used to be due to inflation. £10k now won't get you what £10k did a few years back. However it might not all be bad. The Bank of England has rapidly increased interest rates, which has put a lot of strain on homeowners with a mortgage. The cost of living crisis has also given people less spare cash. So hopefully there will be a few more cars on the market soon, as people will be forced to sell their toys(sporty cars and bikes). The other thing is the chip shortage has pushed used car prices up, and that situation is a lot better now. New cars are being produced at a faster rate, so hopefully this will put more used cars onto the market in the near future as people buy new.
The problem now is people are not cash rich hence the dealers getting all the play with finance. Dealers margins on PX's have always been high. Have you considered buying crash damaged and getting the frame outsourced but fitting the panels and spraying yourself.
I bought my first car6 moumths a an automatic as I have dysoraxia ( morderate-servre motorskills problem could do gears without looking down a few seconds and autism , took me a year and half to find sonething in budget and inexpensive on insurance ,I first saw 2001 yaris auto CVT 120,000 miles , radio casette wind down winds , no alloys basic spec 1.0 litre emgine the dealer was asking £2500 , then i found my car T3 2004 Corolla 3 door 1.6 vvti , alloys , front font lights , adjustable stering colum , ac , cd player , lot more space only 79000 miles the exact same price , you get doubly screwed if you can only ohysically drive an auto and do not qualify for the mobility scheme despite getting pip enhanced mobility rate😂
Things changing for the worse for us motorists. I think also because of leasing there is less private sales available too. No bargains to be had and new car prices insane.
Thank you, I have money in my pocket for another car that I need, but prices are quit frankly laughable so will stick with what I have got, and laugh at people you pay these prices ❗️🤷🏻♂️
The thing i don't understand is cars are more expensive on the forecourts but the trade in prices are low. I bought an S3 2015 43k miles for 21k 16 months ago. The car has 54k miles fsh and WeBuyAnyCar offering 14k. Ford dealership offering the same. 7k loss in 16 months. Im not selling it just testing the market .
The exact issue I have with my Cupra. I think it’s because people are reluctant to sell privately and dealers are taking advantage of this. Also, the cost of living has probably made dealer overheads more costly so they need a bigger margin to make the same profit.
The used car market is ridiculous right now, I bought a 2016 340i BMW for just under 20k, owned for 4years and traded in this year, it needed mot 3 tyres a major service aswell as wheel refurb, that said in that condition I got £17.5k part ex! Lost hardly anything and needed a good 1.5k spending on it, now enjoying a focus st mk4 which was also overpriced but whatever 😂
@@CarFocused u really wanted an audi s4 at the time but they were £30k and thought the 340i was a bit of a bargain, the dealer I traded in against put it up for 21.5k but it actually sold for £19.7k almost the exact same price I bought it for 4years prior 🤣
I'm with you on the boycott, I've been looking for a Euro 6 van as a daily for a quite a while now, but I just cant bring myself to pay what the dealers are asking for, So much money for a beat up van with 120,000 on the clock!
What it needs is for everyone to keep the car that they have and not to bother buying from these rip off merchants. That's all it needs and the prices will soon come down.
Yea it’s only good if you’re selling your car and pocketing the cash. If you’re selling to swap then it becomes almost irrelevant as you offset the saving by paying over the odds for the new car 😢
It's basically not enough cars out there anymore manufacturers control the amount of cars that they make. New cars cost the earth.Went a mini dealer refused to give us any discount came home thought about it's a flipping mini nothing tasty the dealer can go do one.Nobody buying new cars unless they have to not many second hand vehicles coming to the market and what out there is expensive noticed private dealers still trying to buy cars for less than trade quoting webuy any car prices which are under auction prices at the moment.We have to buy a new car because we haven't got are car was recantly written of .The market horrible right now and as you say cars are rubbish at the moment noticed dealers are selling vans instead of cars at the moment.
I agree it's a bit of a stalemate situation. The best advice I'd say is to hold onto whatever car you have right now. The market is crazy expensive. The only positive is the UK has probably the cheapest cars in Europe, but that still doesn't mean they're cheap. I moved to Ireland from UK and the taxes, road tax, insurance and specs for cars, vrt etc is a joke altogether. Cars are like at least 60% more expensive in Ireland.
Sorry about the moaning guys - but sometimes I need to vent. Would you like to hear more of my rants??!😂
You do whatever you want.
Yes. A mini series would work
Love a good rant tbf
Yes, definitely. As a Fiesta ST owner, the landscape for newer cars is becoming more and more depressing by the year.
We all need a good rant now and again. How about an unfinished kit car project? What don't need too much work etc.
Agree mate. Covid has killed everything . For 3 years we've been fooled now with car prices, energy, food prices etc etc and there's no sign things are settling.
Nope - life is just bloody expensive now 😢😢
The pleasures of car ownership are ever getting less and less these days.
It’s becoming an ever more costly exercise….
I feel your pain, Gary. The curse of the EV has meant that folk who dislike them, like me, are holding on to their ICE cars for as long as possible. That’s pushing used values of ICE cars up. I used to buy car magazines weekly and monthly for over 25 years. I gave up 5 years ago because every story is about a boring EV. I couldn’t give a f@@k about it. Your beautiful RS is the last of its kind. Cherish and enjoy it. Cheers.
Yep the EV market does nothing for me 😢
yeah same for me they're imposters may as well design them to look like a bathtub @@CarFocused
New car prices are absolutely ridiculous, and I would like to know their excuse as to why they cost so much now. We are just being ripped off due to greed and nothing else and people are stupid enough in this country to keep buying them.
New van prices are ridiculous, they are not selling.
There’s loads of 23 plates available.
It's true. The jump in prices used to be gradual, now it's steep. From what I've seen around, the costs have gone up dramatically (components, electricity . labour etc) , raw materials . Also, some brands pack too much technology in their cars. Another story I've heard is that car companies produce less cars but charge more for them (higher profit/high demand).
and the new led headlights are terrible on some cars the drl are too bright ( never mind the dip beams) and too sporadic , especially when some cunt is tailgating you
They inflated the money supply paying people to stay at home att the same time supply of goods and services were seriously impaired, fiat currency is trash, we've all been had.@@kamilianos
Your absolutly bang on mate, I've been searching for ages to find a decent priced family car and eventually went for a 2019 A4 avant. While looking I noticed new nissan quashqai's were touching 40k. Absolutly mental for an everyday family motor. PCP deals making it easier to get into them but never owning it is partly to blame for high costs if you ask me
Agreed, although my wife and I have decent jobs I cannot understand how people can afford new car prices even on a pcp deal.I saw a 'deal' for a new civic 37k otr.6k+deposit and 500 per month. Thats 30k for 48 months and a car you will have to give back! Crazy😮
Just crazy isn’t it. I guess this is why you see fewer and fewer hot hatches on the roads these days!
What you actually realise is that wages haven't kept up with inflation.
You’re not wrong - it’s crazy at the minute, currently got a lightly modified mk8 fiesta st with just under 24k miles and I keep fancying a swap to an Audi s3 sport back, but the prices for them are ridiculous &/or the ones in my price bracket have all done mega miles, same with the golf r’s too! Went to look at a potential car recently (went to look at what looked like a very nicely specced 420d Beemer) that looked great in the pictures and the salesman told me how “they only buy the best examples “, got there and every panel had marks/scratches on , all 4 wheels wanted refurbishing & as soon as I pointed this out things went sour and the money they offered me for my car suddenly wasn’t attainable anymore- the deal fell apart🤷♂️
Completely agree, used car markets are ruined, its extremely hard to find a decent used car
All because people are duped into PCP ‘s . So you can drive a new car for £ 500 a month and hand it back after 3 years having paid nearly £ 20k for the privilege only to start all over again. Most electric cars are bought by businesses as a tax write off. I’m still driving my 17 year old car which I bought ten years ago for £3k.
We've had a very similar experience whilst looking for an S-Max Titanium Sport X. Every one we looked at within what we thought was a reasonable budget were complete dogs. Eventually ended up forking out £11,000 for a 62 plate with 84K. The used car market is utter madness.
Jesus that’s mental. Feel for you man 😢
Thats crazy my neighbour has s max titanium 60 plate with 100k miles he paid bout 7k 3 years ago and its worth more now then what he paid for it 😬😬
you can always walk away there are plenty of dealers out there with good prices if they want to stay in business, before parting with your cash get an independant check and valuation such as carcheck or vcheck
I remember buying a 10 year Old Ford Fiesta off eBay with 20,000 miles for £1100 a few years ago…. Now a 10 year old Fiesta is like 6 or 7 GRAND!!! It’s mental 😂
The good old days mate!!
@@CarFocused definitely and never to return I’m sure
Sold my mk6 fiesta 11 years ago for £5000 and was looking for a runaround for work along side my C43 and mk6s are still near £3000 for a nice one I just couldnt bring myself to pay that for a 2007/2008 fiesta
Totally agree with you, I would love to buy another car but I’m holding out as I feel all car prices need to come down, good news is house prices are now falling, so hopefully car prices won’t be far behind them with the increase in interest rates.
The thing i notice is most private buyers are now asking retail (or close) money themselves.
The private sale cars that are priced sensibly are still selling fairly quickly.
My opinion is that since the days of WBAC, people are selling their cars to dealers so less lower priced private sales. And the shortage in micro chips so car makers are only selling mid to higher spec'd new cars, no basic models, therefore pushing the price of 2nd hand cars up, especially low spec models as time goes on they'll be less common.
Glad you did a video on this. The market is just stupid at the moment. I’ve never owned a newer car and even though I am starting to get into a position where I could potentially get something newer, the rates and therefor the monthly payments are just insane. I have been looking into best used pcp deals for things like Golf GTI/clubsport/R, or bmw m135i and similar. I think the Golf would be my choice but with the market the way it is, you have to really be swayed by the residual values, which Golf’s are apparently bad and m135i right now are much better for. You can’t really get what you want, you are having to alter your outlook a lot due to the market. I look around for say a 2015 Golf GTi or Audi S3 and they also quite mad money for their age. I bought a 2003 mk1 S3 in about 2010 for £8600 and at that point it was 7 years old!! Equivalent 7/8 year old car now 2015, probably double that!!
Thank you for watching and commenting. Really is an annoying time to buy 😩
100% correct mate. I was looking at 2015 Golf R's in 2019 and ithey were c.£16k. Now the same 2015 Golf R is £19k and 4 years older !! Plus insurance quotes... mine are now over £1000 for one instead of £600. Crazy times. 😮
No need to apologise Gary it’s good to have a rant every so often and I totally agree with what you mate.
It seems we are being totally ripped off in every area of life at the moment!
Feel free to have a rant/vent on a regular basis mate. 👍🏻
Might have to do a few more 😁
The used car market with the vastly inflated valuations has surely got to crash at some point.
Recently bought a 2 year old kuga for the family, there was a focus ST in the showroom, it was £40,000!!! 40k for a ford focus, its absolutlely bonkers! Im meant to be treating myself to an RS next year, might just spend the money on the garden instead 😂
Haha yes and have you seen the price of a fully specced Fiesta ST? It’s like 30k 😂 Madness!
Couldn’t agree more. I have a MK3 RS, got it the same time as you got yours, and work hard to also fund a daily 17 plate focus estate, again like you also had so the RS is well looked after. For the first time Iv had to let a daily driver run over 100k miles as there is nothing out there I can reasonably afford to replace it. The price of similar cars, older and with only just less miles is just outrageous! My daily cost me 10k 3yrs ago, I reckon I’d be paying 15k + for the same thing in todays market, it’s a joke. I was contemplating swapping the RS for the new mustang that Ford keep bombarding my email inbox with, but they don’t tell you the price, and I wouldn’t be surprised if that is touching 50k when it’s released, given a focus ST can be anywhere near 38k, which will be a hard pass!!
I also feel this a stealth way of pushing us towards the electric crap market, which is a day all petrol heads like us should dread!
Totally with you on this, its crazy. I was thinking of moving my Cupra on too, but I'm going to keep hold for a couple more year rather than take a double hit like you mention.
Would you ever do another series like you did with the track Clio with Road and Race?
I’ve decided to keep mine too mate. I would like to do something like that, but not whilst used prices are like they are.
I feel your pain dude it’s ridiculous!
Great idea for content 👍
Appreciate it!
I have quite a long list of seemingly average cars that I'd like to own but I think fondness for them will grow further with these newer electric cars that try to second guess your every move but then get it wrong, so you spend the rest of your journey trying to override it.
Completely agree. I'm looking for a car now after owning a toyota for 10 years. The price has doubled in that time! I'm holding off buying another one yet but I can't see the prices falling.
Brought a cat S Astra 1.4 2012 plate for use at weekends about 3 years ago as van i use for work is only insured for company use. Fancy getting something different now with a bit more punch like a Vauxhall Mokka 1.6 turbo but prices for even a 2014 plate with relatively low mileage look well inflated.
Totally agree Gary! 10k down on a brand new golf r and 750 a month! Is that on pcp too? And I cant believe when you said that mondeo estate was 10k, I looked at titanium x sports on autotrader instantly and they are all fortunes! Something really isn’t making sense, even a 15 plate Audi S3 DSG was cheaper to buy when 3 years old in 2018, than it would be to buy now at 8 years old. Very strange times at the moment in the car market, nothing seems like a good deal any more
Agree, new and used, car and vans! Prime example on vans… in 2013 my dad got a brand new Citroen Berlingo for a smidge over £10,000 vat included, yes it was a good deal then but now without crunching numbers they sit around £20,000 + vat (£24,000) so they have doubled in 10 years.😅
Absolute madness!!
I bought Fiat Doblo for £12,500 brand new 2020.
Small vans are now £20,000, just refuse to buy at these prices.
Started looking last week , couldn't believe how much prices have gone up , 3 to 4k more than 2.5 years ago in my area (Wales )
Please I need clarification. I saw a car in Facebook marketplace. Sent a chat to the seller which I got a reply. I was referred to a Gmail address to send an email. So they sent the details of the car. However, they said they don’t allow inspections of their cars that it has been checked by professionals. I should pay for delivery of the car and I can return the car within 5 days at their own cost if I don’t like the car. They stated the delivery company for the car which is genuine after I check on Company House. Can this process be a scam considering they don’t allow inspection of the car?
Sounds like a scam 100%
Great content. keep up the good work
You’re completely right I thought I was the only one saying this I was 18 in 2018 just passed there was hundreds of options for sub £500 decent first cars even around lockdown when I was buying and selling cars after 2021 everything has gone up crazy prices
It’s crazy you’d have to pay around £1500 for a car that would have been £500 - £800 around 4 years ago.
Its bloody annoying well hard to find a cheap bargain less then 1k 👍👍👍
I’ve just decided after considering moving on from my Fiesta ST that the prices of cars I’d like are crazy and I refuse to pay it so keeping the ST and done my motorbike test, out bike shopping tomorrow time for a new journey
Good choice! Be safe out there.
Totally agree. my focus ST3 is due to be paid off in may24 (on a loan not finance) and we buy and others offering me c9-10.5k. similar ones for sale are up for £13K or more. I would love to upgrade to an RS next year but dont think its a realistic option at the moment.
Sell it privately then
The market is insane. Just put a new clutch in my 22 year old SEAT Toledo because anything half decent is going to be 2 - 3 grand. Money I don't have...
Yep! A lot of people holding on to what they have until things settle down. At least you’re keeping an old car going strong 👌🏻
Totally agree it’s my going in pain for over a year now. I’m really desperate to upgrade my fiesta to something a bit fancier like a c class or a 3 series but I can not justify the prices can’t help but feeling ripped off which is putting me off buying atm. Yet seems like prices might be going up in the first quarter of 2024 so got at least another year of waiting before actually conceding the upgrade or afford it to be precise lol
Haha. I’ve all but given up and accepted the fact that the best way is to just keep my current car otherwise I’ll just be shafted from both ends financially 😢
Yeah used car markets on retail are still way too high. Now if you are going to trade your car in you are starting to see what the real market value of the car is. Looking at the US market at the minute. Wholesale markets fell 3% in 2 weeks yet the retail market in the states is still over inflated.
Things surely have to level out at some stage in the UK, higher interest rates, people mortgages etc . Will dealers still hold tight on high prices in the hope that some eejit will still pay the price or will manufacturers pull back on supply to keep prices high. VW announced they are increasing new ca prices by I think 3.6%!! in August
On the plus side i bought a Scirocco R fully optioned 2 years old for £22.7k 7 years ago and sold it this week for £18000😂
I really enjoyed the Renault Clio track car series you did with Road and Race a few years back.
Was good fun 😊
Agreed, car prices are simply silly. I have had my current small car since 2011, its very reliable but I am fed up of it want another car but I will not pay fantasy prices. So I am doing as you say and waiting.....12 months.
4 years ago , the company I work for purchased a Ford Galaxy Titanium X (12 plate) with 55k for £5200. It’s likely worth more than that now with 105k on the clock and 4 years older. Don’t get me wrong it’s a lovely car but I’m the old (pre covid days ) this would have been a sun £2k banger by now.
totally agree mate, also i remember 10 years back engine swapped cars were common and very cheap but one question wanna ask everyone in the comments, does anyone recommend buying import cars, either from japan or from here, is the insurance cheaper, i found two import companies with youtube channels but no British people have made videos reviewing them, also i checked toyota japan and vietnam, brand new car is 12 grand, really tempting, but this is all my savings, so i don't wanna get scammed, btw i found a lot of people in south africa have made videos about importing from japan,
any advice is highly appreciated everyone thanks
Can you tell me any good websites to check for used car prices like the old yaris or civic or something like that. except copart
Certainly have noticed how dead the private market is nowadays. Fb groups and owners clubs are the only way now (for something hot hatch related). Everything has gone up so used cars are taken along with that. I think all cars will come down but I think we are highly unlikely to see sub 1k cars anymore due to the government wanting everyone in expensive EVs and I also think young kids now seem to have new cars and look down upon old ones. My first car was a 300 quid mini that me and my dad did up. You're lucky you got your RS when u did. Had my fk2 type r 4 years and I had zero depreciation in that time. Madness.
Totally agree mate.
This is so true, I want something to replace my family wagon sub 10k, but there is nothing out there which I think is good value that tickles my fancy! Saw a 2012 BMW E91 advertised yesterday for 10 grand, well over 100k on the clock and quite clearly has a broken rear spring, not to mention the curbed alloys! I think I'll be sticking with my 250k mile 9-3 for the time being.
Trying to find a runaround, just seen a focus 1.8, was for sale in 2019 for £800 now for sale for £2100. Base model, total joke. I cant see prices coming down again unfortunately
Yep - it’s nuts. Cheap sub 1k motors are a rare breed now 😢
A year ago we wanted to upgrade. Everything was such poor value I ended buying a brand new hot hatch because it had 5 year warranty and was 25k. And I got 2k px for a very tatty but good vw Passat tdi sport wagon. Every panel needed paint. Pre Covid that was a £800 car at best.
A lot of people probably went this route. But it’s nuts how the likes of a Fiesta ST are 25k 😂
i understand what you mean about new car prices. i was going to trade in my 2017 leon fr to the local dealership. they offered my £9500. even we buy any car will give me £10k. dealers are a rip off; even more so now it seems.
I’ve just gotten in an accident and need a car for work. I have no idea what to do, I wish my car was written off but now I’m stuck with all these ridiculous prices!
Bad times mate 😢
If it's any consolation my Cupra 290 20reg has lost about £3k over 1 year also.
TBH I don't think that's too bad for a performance car, although they will stick it up for sale at £23k and they were only £29k new!
It's the cost of living crisis and interest payments that are killing it.
Used cars are too expensive, leasing is a cheaper option if you do low miles.
It’s crazy, I was trying to get a 2017 s3, wasn’t able to get get up to Scotland and money together soon enough, was asking 27k for it, a few days later the guy passed it to a dealer who was selling it for 30k
In 2021 I bought my daily driver one owner from new 2017 Focus 182 BHP Titanium X estate.
It had 17k miles on it and cost me £11k.
Now two years on it has 33k miles on it and is worth about £14k - £15k, so it’s got older, gained miles, gained an extra owner yet it’s gone up on value.
I would like to switch up to an ST estate or maybe a Leon Cupra estate, but TBH the prices are just silly. I’m not spending large sums for cars with more miles on than what I have and potentially in worse cosmetic condition than mine (mine is immaculate) just to gain some performance. I’ve got a new Fiesta ST for having fun so it’s just not worth the cost to swap out my Focus.
I was lucky with the Fiesta because we pre ordered before the prices went stupid for those too. We got that for £24k which is still not cheap, but it’s a lot cheaper than what they became which was getting dangerously lose to £30k at the end.
Rant away mate on your vids, I think most people here probably agree with you.
Thanks mate - sounds like the combo you have is ideal so can see why you wouldn’t want to change it and risk paying over the odds for a new car 😊
lucky fukkaaa i wish i was in your shoes my car now is on its last legs
@ 6:55 I agree but people will always need cars unfortunately, but yes if people who don’t need them don’t buy them it will help. I think as the economy slows only the people who need cars will buy them and hopefully things will slow. But I agree prices are ridiculous.
Let’s hope so!
Still amazes me that folk are willing to through big deposits for cars on PCP but you never actually own it! That big upfront payment was thrown on the fire. Worlds gone mad.
Totally. Huge deposits seem the norm now too.
It will all collapse eventually, we're well overdue a reset
Hopefully!
I think Sale or Return is the best bet for the Leon if it’s gotta go. I follow high peak autos and he does get a steady stream of cars offered to him. He often only makes £1k per car on the margin.
Issue is I can’t afford to have it sat on a forecourt until it sells as I need it for daily duties…
@@CarFocused also true and relatable 😔
I haven't bought a car since 2014 and that was a Triumph Stag.
I bought my daily in 2011 and was given a Mk6 Fiesta last year, which is my town daily.
Result being given the Fiesta!👌🏻
@@CarFocused
It was !
WeBuyAnyCar offered my mum £150 for it, so I said I'd give her that but she said I could have it.
They have since valued it as high as £925 !
Not that my mum lost out really as she borrows it quite often when her Kuga is in for maintenance/repair.
Totally correct on the higher end private sale used cars. Been trying to sell my Range Rover for about 2 months now it’s like trying to flog a dead horse. (NIGHTMARE)
I wish you the best of luck!
same here. Bought a newish car used approved in March 2022 as required for my job, paid premium vs the average market value. Suddenly I don't it anymore and I am struggling to shift it without loosing thousands. In 2016-2018 the company I worked for sold 7 luxury cars (owner's toys) privately, without hassle (Cosworth RS, Audi S5, Golf R32, Land Rover Disco and more).
Agree i can shift my scooby
Totally agree with u on the mondeo 10,000 for a 10year old car its crazy money,and also the new cars are way over priced really don't get hw people are affording them,like your white RS looks well nice in white very clean car👍
Thank you mate.
It's the worst possible time to buy a car, or have trouble with a car, you're just getting shafted left right and centre, better hanging on to what you've got until the market sorts itself out.
You’re not wrong there!
My local Audi dealership are selling categorised cars.... says it all about today's market.
Yep i agree with u on this either they got high milege for stupid prices or theres always something wrong with them used car buying has gone down hill and dealers are just rip offs .
Totally mate!! Cars with 125,000 miles are like £1,000 😂
@@CarFocused yep luckly ive been a bit lucky had a mk4 ford firsta swapped it for a e36 convertible bmw which i then swapped for a honda civic vtec currently sitting on 10500 miles moted till next march
First time viewer. I think this bubble may crash soon. I don’t actually think many cars are selling right now. With interest rates high, it would be expected an increase of car repossessions/returns etc, and thus a supply of cheap cars. Myself, I’m thinking classics right now - I can work on it without a computer, and possibly depreciation proof.
Yea I agree it has to come to a point where prices start to fall. I think older cars are becoming more desirable especially to enthusiasts so the price of those is silly too 😢
Mate no need to apologise for having. rant. You speak the truth, I am always looking and I am shocked at what dealers are charging.
It really is a piss take. Let’s hope it calms down soon!
Totally agree, I had 5k to buy a car and thought I’d get a good car as doing about 16000 miles a year but in that price range they didn’t look any better than a car for a couple of grand.
Ended up getting a mark 2 focus and actually think it looks better than a mark 3.
Was going to buy a golf r estate 2 years ago on a 16 plate with low miles for 15k now 20k and its 2 years older.
Just about sums up the madness!
Are the public still not allowed to bid at BCA ?
I have no idea mate - our local one closed down a while back.
The secondhand market is the worst it's ever been, dealers etc are pushing the prices up and this effects private sales as they look at dealers prices and boost the prices up. The world is just mad and rapidly declining in the retail world, and not just retail 😢
Yea it’s crazy times mate. Even the weekly shop costs an arm and a leg these days!
Lies debt corrupt greed. Worlds a dump
Agree wholeheartedly. For two main reasons
1. Inflation. The money printing catches up with you eventually. Magic money tree is always there to create more currency, hence the value decreases - prices inflate.
2. It’s all about the monthly payment. People don’t really care how much a car costs, they just accept the monthly payment, this gives credit brokers the upper hand. In fact the price is not really that important to them, only the price of their credit. If you knock £1,000 off the sticker price but then offer a higher interest rate over 4 years, you’ve made up that money.
If people paid cash for cars, they’d have to save up, they’d have a much stronger sense of the value of money, and prices would fall accordingly.
Fiat money rots society. Buy Bitcoin!
Yep as long as there're people dumb/desperate enough to pay, dealers won't drop prices. However I could tell for enthusiasts' cars the demand has been weak for quite a while, there're a few cars I check weekly and I can tell they're sitting at the forecourt longer than ever, just dealers will not be cutting the prices (if they do, a few hundred quid max). That's said if the prices are to give in (more of a question of when), I'd think enthusiasts' cars will go first (of course not counting EVs - already crashed).
On the new cars' front, the cheaper segment is becoming more expensive than ever, manufacturers know 80% of shoppers are locked in the PCP cycle anyway hence sticker prices are increasingly irrelevant. However, I can't see this continuing given the interest rates.
Funny enough ive watched vids over the past few weeks about the specialist car market plummeting. Ive noticed a few RS Focus that have been for sale for well over 6mths and haven't sold. Seen a few for sale with low mileage go for around £20k.
I think your idea of taking a basic looking small engine car and changing some parts to make it look like a sportier version is a good idea. It’s something I used to do in the late 90’s early 2000’s.
As a younger driver back then insurance was a big factor and I wanted a nice looking car but wasn’t to fussed about the engine size at that point in life.
These days young drivers are crippled by insurance premiums and have no chance of having a sportier version of car. I think there would be a good market for cars like this in today’s car world. As young drivers reach there early 20’s and with a few years no claims and insurance dropping to a more affordable price than when they first started driving their focus might change to something a bit sportier but don’t want their insurance to rocket again so a good alternative would be to keep the idea of a smaller engine but to buy something that looks the part, although their insurance would rise slightly again as they would declare some modifications it would be nothing in comparison to having the higher powered variant.
Like I said I done this back in the day and all my cars looked incredible and were always the best looking cars I’m my town even though they had the smaller engines. Having said that now I’m the total opposite and I’m more focused on speed but I suppose In the car world that’s the way most of us transition.
Anyway good video and I’ve subscribed to keep an eye on what you do next.
Have a look at c class 2014 upwards, euro 6 2.2 diesel automatic. £10-£14k they sell like crazy fast.
I agree, 5 or 10 years ago I could buy an old Volvo for £500, the same Volvo post covid is now five times as much and also well over the insurance write off value. Everyone is in survival mode including car dealerships.
Do you ever go to any ford rs car shows like donington or Silverstone
I went to Ford Fair last year and I was on the Mountune stand, but I can’t make it this year 😢
Prices are dipping, and soon crashing....book prices have already dropped
Where 😂
I bought a Honda Jazz recently. It is a 20-year old car and the dealer was asking £3K. Far too much.
I wouldn't have minded that price maybe - the bodywork wasn't too bad and the engine was sound, but the car had clearly not had a decent service for a very long time. I did knock him down on price because of all the work which needed doing on it - tyres exhaust brakes fluids etc. But I still wasn't really happy with what I paid. If they are going to ask high prices they should at least sell a car which isn't going to fail an MOT the moment you drive it off the forecourt.
Totally. They are completely taking the piss selling cars that need work for over inflated prices!!
I think people are being pushed towards the dealers by the amount of scammers that are out there on the various social media platforms and internet sales sites / auctions,
They would rather pay over the odds than lose some or all of their money, plus there's the benefits of finance schemes, warranties and actually dealing with an established business rather than " selling on behalf of my mates grandads friend as they don't do the internet " 🙄
😂😂 yea it can be stressful at times on the private market!
I love this guy...
keep up the great content!!
Thank you! Will do!
A good rant - I agree with all of what you say. Ford tried to 'entice' (ha) me into part-exchanging my 3 year old Mustang for £29k, when they would put it back on the forecourt for best part of £10k more than that....utterly crazy. I am lucky enough to be able to afford the balloon payment so it's a no-brainer decision for me, otherwise I would feel compelled to accept a derisory amount and then buy a new...what....there is nothing being made by Ford at the moment (or anyone else) that is remotely exciting to me. And if I didn't buy new, as you say, I would be paying well over the odds in the used market.
All that said, it's no personal hardship for me to keep a car that I love. You and I both have great cars with character, I feel lucky, it's all the would-be petrol heads who are being denied entry into the market for all the reasons you list, who I feel sorry for.
I recently got a fiesta ST500 for cheap but it had no badges/stickers and it’s a bit rusty but it was dead cheap
It was also missing the diffuser
The markets crazy, I bought a 2018 plate ST3 petrol last July with 24,000 miles on it, paid £17,500 for it & I've put 15k on & I'm being offered £18k for it, mad. On a different note I'd recommend one, it's such a well sorted car without the RS madness & I'm told in some of the mid range drags it's quicker than the RS, probably due to the extra weight of the 4wd system.
I’ve been looking at Mk3 ST estates - but the diesels for economy on the work commute. But I’ve come to the conclusion that due to inflated prices I’ll just keep the Cupra for at least another year, especially whilst it still has warranty remaining.
Its right mate my kuga is a 63 plate ok average milage 126k but been offered under 4k yet to buy a 4 year newer car 48k milage 17k madness.
Might as well just keep yours mate until it dies!
Couldn't agree more fella. 👍
The used car market has been awful lately. Every time I see a "good deal" I'll read on and see "suspected head gasket" or "previously a Cat S but repaired to a high standard" etc.
Other private cars seem to be priced the same as dealer prices, but without the warranty, test drive and part ex facilities etc.
I do hope the bubble will burst. Part of the problem is that our money simply isn't worth what it used to be due to inflation. £10k now won't get you what £10k did a few years back.
However it might not all be bad. The Bank of England has rapidly increased interest rates, which has put a lot of strain on homeowners with a mortgage. The cost of living crisis has also given people less spare cash. So hopefully there will be a few more cars on the market soon, as people will be forced to sell their toys(sporty cars and bikes).
The other thing is the chip shortage has pushed used car prices up, and that situation is a lot better now. New cars are being produced at a faster rate, so hopefully this will put more used cars onto the market in the near future as people buy new.
Let’s hope it settles down soon, although I don’t think it’ll ever be what it once was 😢
The problem now is people are not cash rich hence the dealers getting all the play with finance. Dealers margins on PX's have always been high.
Have you considered buying crash damaged and getting the frame outsourced but fitting the panels and spraying yourself.
I bought my first car6 moumths a an automatic as I have dysoraxia ( morderate-servre motorskills problem could do gears without looking down a few seconds and autism , took me a year and half to find sonething in budget and inexpensive on insurance ,I first saw 2001 yaris auto CVT 120,000 miles , radio casette wind down winds , no alloys basic spec 1.0 litre emgine the dealer was asking £2500 , then i found my car T3 2004 Corolla 3 door 1.6 vvti , alloys , front font lights , adjustable stering colum , ac , cd player , lot more space only 79000 miles the exact same price , you get doubly screwed if you can only ohysically drive an auto and do not qualify for the mobility scheme despite getting pip enhanced mobility rate😂
Things changing for the worse for us motorists. I think also because of leasing there is less private sales available too. No bargains to be had and new car prices insane.
Also very true.
Thank you, I have money in my pocket for another car that I need, but prices are quit frankly laughable so will stick with what I have got, and laugh at people you pay these prices ❗️🤷🏻♂️
Good choice!
The thing i don't understand is cars are more expensive on the forecourts but the trade in prices are low. I bought an S3 2015 43k miles for 21k 16 months ago. The car has 54k miles fsh and WeBuyAnyCar offering 14k. Ford dealership offering the same. 7k loss in 16 months. Im not selling it just testing the market .
The exact issue I have with my Cupra. I think it’s because people are reluctant to sell privately and dealers are taking advantage of this. Also, the cost of living has probably made dealer overheads more costly so they need a bigger margin to make the same profit.
Spot on Vans are worse! just paid 4300 for a mint 2016 fiesta titanium x at auction, and 6600 for a cat N 2016 transit custom, its crazy!
The used car market is ridiculous right now, I bought a 2016 340i BMW for just under 20k, owned for 4years and traded in this year, it needed mot 3 tyres a major service aswell as wheel refurb, that said in that condition I got £17.5k part ex! Lost hardly anything and needed a good 1.5k spending on it, now enjoying a focus st mk4 which was also overpriced but whatever 😂
I was looking at the prices of 340i’s the other day - they’re insanely expensive. Some are over 30k 😂
@@CarFocused u really wanted an audi s4 at the time but they were £30k and thought the 340i was a bit of a bargain, the dealer I traded in against put it up for 21.5k but it actually sold for £19.7k almost the exact same price I bought it for 4years prior 🤣
yeah agree with dealers owning also dont forget the pcp and HP websites are buying up new stock too .. Insane.
I'm with you on the boycott, I've been looking for a Euro 6 van as a daily for a quite a while now, but I just cant bring myself to pay what the dealers are asking for, So much money for a beat up van with 120,000 on the clock!
Yes I’ve heard vans are insane at the moment!!
Don’t buy at these prices, they will crash soon.
Love the profile pic mate - Anjuna 👊🏻
What it needs is for everyone to keep the car that they have and not to bother buying from these rip off merchants. That's all it needs and the prices will soon come down.
I was actually looking at a first car for my nephew thinking 1k is fine for a cheap run about. How wrong I was
I miss the days of £300 runabouts 😢
Its a joke isnt old 57 plate corsa are 2k now when they used to be 600 quid
Good thing is that cars you own keeps value better 🤷♂️ For example my focus rs mk3 is about as valuable as it was when I bought it 2 years ago 🤔
Yea it’s only good if you’re selling your car and pocketing the cash. If you’re selling to swap then it becomes almost irrelevant as you offset the saving by paying over the odds for the new car 😢
It's basically not enough cars out there anymore manufacturers control the amount of cars that they make. New cars cost the earth.Went a mini dealer refused to give us any discount came home thought about it's a flipping mini nothing tasty the dealer can go do one.Nobody buying new cars unless they have to not many second hand vehicles coming to the market and what out there is expensive noticed private dealers still trying to buy cars for less than trade quoting webuy any car prices which are under auction prices at the moment.We have to buy a new car because we haven't got are car was recantly written of .The market horrible right now and as you say cars are rubbish at the moment noticed dealers are selling vans instead of cars at the moment.
I agree it's a bit of a stalemate situation. The best advice I'd say is to hold onto whatever car you have right now. The market is crazy expensive.
The only positive is the UK has probably the cheapest cars in Europe, but that still doesn't mean they're cheap. I moved to Ireland from UK and the taxes, road tax, insurance and specs for cars, vrt etc is a joke altogether. Cars are like at least 60% more expensive in Ireland.
Was having the same conversation with a mate a few days ago.