Further Confirmatio Credit Crunch Crippling Values

Honest John Back Room » Motoring discussion
What is life like with your car? Let us know and win £500 in John Lewis vouchers | No thanks
View Threaded
Thu 7 Aug 2008 15:38
Further Confirmatio Credit Crunch Crippling Values - drbe
Pursuant to the HJ News item on the right - "Further Confirmation Credit Crunch Crippling Car Values".

I am seriously considering exchanging my 7 year old E320CDI for a more recent model; the question is should I wait a few more months? When will prices be at the bottom?
Reply | Report as offensive | Link
Thu 7 Aug 2008 15:59
Further Confirmatio Credit Crunch Crippling Values - movilogo
If you wait, more likely the new car's value will fall further compared to fall in your p/x and overall you should be better off.

Price changes like waves, but it is gamble to decide where is crest and trough.

Reply | Report as offensive | Link
Thu 7 Aug 2008 16:03
Further Confirmatio Credit Crunch Crippling Values - gmac
I would wait as the depreciation on a newer current E class will be greater when the new model appears next year than it will be on an 8 or 9 year old model.
Reply | Report as offensive | Link
Thu 7 Aug 2008 16:28
Further Confirmatio Credit Crunch Crippling Values - drbe
>>the new model appears next year
>>

That's a thought! I hadn't allowed for a new model coming out.
Reply | Report as offensive | Link