 | Home > General & Technical (L663) > Prices dropping again? |
 
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| jim4244 Member Since: 13 Apr 2014 Location: Bedfordshire Posts: 635   
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The government won’t admit it but we are in a recession.
People who didn’t fix their mortgages when they had the chance have seen their repayments jump hugely and house prices are also on their way down. The used car market was obscenely inflated but is now making a re adjustment to pre covid levels. If you hang on until early next year then there wil be some real bargains out there. It’s sad but many people have short memories and thought that the days of free money would last forever…. Jim |
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12th Sep 2023 11:06am |
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| pjm-84 Member Since: 12 Apr 2021 Location: Hampshire Posts: 642 
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In a recession to kill off inflation!
Haven't bother fixing my mortgage but luckily its quite low but still it is circa £930 where before it was around £180. |
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12th Sep 2023 12:43pm |
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| jim4244 Member Since: 13 Apr 2014 Location: Bedfordshire Posts: 635
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Blimey PJM.. That's some jump in monthly payment!
Jim |
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12th Sep 2023 1:09pm |
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| lightning Member Since: 23 Apr 2009 Location: High Peak, Derbyshire Posts: 2241
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Used prices are definitely falling as production catches up with demand, also vehicles are starting to come out of lease and PCP agreements so there are more used ones around.
The exception is the Commercial version where used ones can command list price or over, because there's still over 12 months wait for a new one. |
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12th Sep 2023 1:13pm |
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| pjm-84 Member Since: 12 Apr 2021 Location: Hampshire Posts: 642
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0.82 above base rate. Been on that mortgage since 2008. So gone from paying 1.07% to 6.07%. Luckily we have disposable and no kids to think about. |
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12th Sep 2023 2:54pm |
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| ginjez Member Since: 18 Sep 2011 Location: huddersfield Posts: 1751 
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Not so in my case, I sold my 110 commercial to main dealer while it was still worth more than what I paid but they still have it for sale. I've ordered my replacement and was told of the 12 - 15 month wait but have since got a build date of December, ordered it in June. |
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12th Sep 2023 4:10pm |
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| lightning Member Since: 23 Apr 2009 Location: High Peak, Derbyshire Posts: 2241
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Well that's a good thing if you are ordering a new one. And great that you got over list for your old one. Looks like you were lucky to get the best of both worlds.
My local LR dealer won't even take Commercial orders, due to the "massive backlog" and Land Rover "prioritising the saloon versions" |
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12th Sep 2023 8:43pm |
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| ginjez Member Since: 18 Sep 2011 Location: huddersfield Posts: 1751
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Speak to Gavin at LR Canterbury
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13th Sep 2023 9:32pm |
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| lightning Member Since: 23 Apr 2009 Location: High Peak, Derbyshire Posts: 2241
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l don't need one, l've got my 2022.
l was just recounting what my local dealer said. Currently Motorway is offering around list price for mine, and WBAC is a few thousand lower. So a definite softening of values. The high prices couldn't last for ever. Only our 2020 Jimny has remained over list price, but that's because you can't get them any more. |
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13th Sep 2023 9:49pm |
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| pjm-84 Member Since: 12 Apr 2021 Location: Hampshire Posts: 642
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Motorway prices are an estimate. Offered £21500 for our CHR. Highest came in at £19200 when the Auction was held.
Carwow was at £20100 but as I had an offer from BMW as a PEX at 20k I stayed with BMW. When I declined, they upped it £20500 but at that stage I couldnt be asked. I had a great discount on the BMW and knew they would resell so was happy that they took profit. Plus they were a little pushy |
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13th Sep 2023 10:37pm |
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| Moo Member Since: 01 Oct 2021 Location: Bath Posts: 1035 
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My Oct 2022 MY23 D250 SE with extras and 17k on the clock was valued by WBAC at £50,200 (£76k purchase price). Just curiosity, but it seems prices have really dropped....
 Eiger Grey MY23 D250 SE with bits. Known as Noddy. |
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13th Sep 2023 11:13pm |
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| J77 Member Since: 04 Nov 2019 Location: Fife Posts: 3247 
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Yup the bubble’s burst. 24MY 90 D250 HSE, Tasman Blue
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15th Sep 2023 6:48am |
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