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HJ says that a (S) reg daewoo nubira cdxi auto with 20000 miles went for £3900 (and i think that excludes commission), but you can buy cars cheaper than that up here, a place in durham called 'stoneacre' has a (V) reg daewoo nubira cdxi auto, with 14000 miles, for only £4195, and you also get a free washing machine or 21inch TV.
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Just goes to show you that car prices, like that of houses, vary with demand in that area. There is no such thing as a correct value.
Mike
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A Nubira + a washing machine for 4195
or a 21" TV.
I would have thought the latter the better value for money!
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Looks like a bargain, until you realise that in 3 years time the washing machine will be worth more than the car....
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Who wants a Daewoo anyhow?
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Ahhh, the old "Cars up North are cheaper" and "I know my onions" malarkey.
If offered the advice of Mr Watson of LAS/LAC fame or HJ I think I know whose advice I would go with.
You are welcome to your Daewoo or Lada. If a car manufacturer has to offer a free TV and washing machine then I smell a rat - could the car be junk? Who on earth would sell a 15 year old ex-GM design and pretend to be value for money? Absolute joke.
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Quote
"Daewoo Nubrio....... went for £3900" at auction.
Perhaps it wasn't really sold at this price.
Some auctioneers have a tendency to sell a car to a fictitious customer just to stimulate demand.
HJ, I'm not saying that happened in this case but clever auctioneers are very skilful at 'selling to the wall' in the hope that a private punter steps in at the last minute.
Perhaps the reserve is too high so the appearance of a sale is better than no interest being shown in the vehicle at all. This can happen if there is fleet of same make/model vehicles of lower quality or appeal.
Unless your bidding yourself, don't believe all you see at auction.
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They were all being bought by Direct Car Finance to be re-sold to people who can't normally get finance at somewhat high rates of interest.
HJ
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Thanks HJ, that explains it.
The end user in this case will never ever get 'his/her head above water'
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They dont want to,not many DCF agreements will go full term.
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"not many DCF agreements will go full term".
Do you mean the vehicles end up repossessed?. I can't see many being paid off. What value the Daewoo then? Vicious circle.
Negative equity???
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