Just some random ramblings and unsure if of interest.
Thinking of changing the car already after buying from a main dealer in March.
As part of the research I contacted a dealer (very surprisingly for me, a car supermarket) to enquire about a well priced target model they have in stock.. Prepared myself for the worst in taking a hit on the current car but its all about cost to change.
Now I know the market is inflated at the moment but was shocked to receive a confirmed PX offer that was over 20% higher than I paid for the car
It echos a recent thread elsewhere re watch prices which are bullish to say the least for some makes and models ie one specific watch I lwas tracking in Feb at £2k didn't sell, he put it back on the market last week and it sold yesterday for £2550.
Its a very strange market (though with obvious reasons).
I think if you are looking to divest or cash in and dont need to replace immediately, it could be a good time. Or, if the model you are looking to acquire is less of a known, popular luxury brand than the one you are ofloading, it coukd be attractive.
I'm re evaluating the car purchase just now as I know that there is less stock of my desired model available and prices are 25% up on 12 months ago, and higher than before covid hit for the same make/model... Its a personal choice of course and the market is what it is but I hate the feeling I'm paying over the odds. A fair price yes, but as a serial car flipper there's only so much artificially inflated, short term increase i can self justify.
I am however selling 2 watches as the likely selling price will now more than cover the next watch target which I was offered 17% discount on at an AD last week (which makes it less than some current used market prices).
Anyone else experienced the above recently?
Post lockdown car/watch market
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Re: Post lockdown car/watch market
Lots of comments on a car forum I frequent, where px values given on new car orders in Nov/Dec have risen in the last 6 months at the point of delivery. Everyone at the time was concerned the dealers/manufacturers would re-quote in there favour, but the entire market has shifted - including the likes of We Buy Any Car.
Current collection incl Citizen, G-Shock, Rolex, Seiko, Sinn & Tag.
Chris
Chris
Re: Post lockdown car/watch market
I'm just in the process of trading a motorbike. I've owned it a year and the trade-in offer is just a few hundred quid short of what I paid.
Several dealers have said the Glass's guide prices are meaningless and are offering whatever it takes to get stock. In this case, the cause is probably a shortage of new bike supply, due to multiple reasons.
I have managed to source a new bike and fortunately, new prices have not (yet) been hiked to any great extent, so with a reasonable cost to change, it was an opportunity not to be missed.
Hopefully, I will pay the "cost to change" with a watch sale, taking advantage of buoyant prices.
Several dealers have said the Glass's guide prices are meaningless and are offering whatever it takes to get stock. In this case, the cause is probably a shortage of new bike supply, due to multiple reasons.
I have managed to source a new bike and fortunately, new prices have not (yet) been hiked to any great extent, so with a reasonable cost to change, it was an opportunity not to be missed.
Hopefully, I will pay the "cost to change" with a watch sale, taking advantage of buoyant prices.
Richard
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Re: Post lockdown car/watch market
^^^
Good luck with the bike purchase Richard, always exciting to get a new car (or bike).
Good luck with the bike purchase Richard, always exciting to get a new car (or bike).
Stephen
A few CWs and other brands
A few CWs and other brands
- Thegreyman
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Re: Post lockdown car/watch market
I just did a webuyanycar valuation of my car, a nearly 5 year old BMW 3 series, although it's a high spec low mileage model. I have gotten a valuation from them a few times in the past. I looked back on my emails and an offer they gave me in May 2019 is exactly the same as they are offering today! That would amount to only £4,700 depreciation in 4 years and 15k miles of driving.
Having said all that if I look at buying a 1 year old new model 3 series, the price is maybe £6-£7k more than I paid for my then 1 year old car back in 2017. That may be partly explained by it being a new upgraded model which has only been out for 2 years but it doesn't account for all the difference.
Having said all that if I look at buying a 1 year old new model 3 series, the price is maybe £6-£7k more than I paid for my then 1 year old car back in 2017. That may be partly explained by it being a new upgraded model which has only been out for 2 years but it doesn't account for all the difference.
Patrick
C60 Pro 300, C60 Sunrise, C63 Sealander Lucerne blue LE, C65 Dartmouth, W11 Amelia (wife), C63 Sealander (son)
Some others + a few on the way
C60 Pro 300, C60 Sunrise, C63 Sealander Lucerne blue LE, C65 Dartmouth, W11 Amelia (wife), C63 Sealander (son)
Some others + a few on the way
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