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As a (generally) new car buyer, that sounds like good news.
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It will increase inflation though as people will be required to borrow more so that they can drive themselves to the bus depot to take the buses out to take nurses to work on the early morning shift
So short term yes you will benefit but in the longer term when the council workers who empty your bins are striking for more money to buy that titanium mondeo they so desire ,you will be left with stinking bins..........:-)
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The reason i'm perturbed over it is because the cars involved are not tat, but the types of cars expected to be reliable, tough and durable vehicles...the sort many of us here like to find...some perceived quality makes notably absent, no fools those fellers.
I agree with you BB, there'll be a shortage of larger and better cars...the vast majority of new regs of the last 2/3 years must have been small cars.
Glad i've got my cars rustproofed/long termed as much as possible.
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So they can drive themselves to the bus depot to take the buses out to take nurses to work ...
Then they can use a pushbike, like lots of workers used to - shouldn't live so far away ... :-)
Easier to park, too ...
Edited by Andrew-T on 05/12/2009 at 15:29
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Sensible sort of 100k mile estates and saloons on and around an 02 plate which last year were 3000 in the trade are now 5000. It is these sorts of cars which have seen the biggest increases. Even older stuff like diesel 406's which last year were 500 quid are now 1500 with plenty of demand.
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Large second hand cars plumet in value on the UK market.
This is an asset if they're being exported to third world countries were prices are lower and the 'latest plate' isn't an issue.
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I sold my old mk2 Mondeo diesel (2000, 145k, a bit tired but basically sound and with plenty of life left in it) to a Polish trader who, along with a mate buys a couple a week to drive home and sell on. Over coffee in my front room while we were doing the paperwork, he told me there are lots of people doing it, and the number he and his mate are doing is earning each of them about four times the average Polish income.
If the reduced demand pushes up prices, it will come to a point where the export market is less attractive because the profit margins won't be there.
I would love to know where my old Mondy is and what it's doing. X48YCN - where are you now?
Edited by DP on 07/12/2009 at 13:17
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...X48YCN - where are you now?...
Cabbing in Kracow?
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I would love to know where my old Mondy is and what it's doing. X48YCN - where are you now?
Well the tax expired on:
01 07 2008
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Well the tax expired on: 01 07 2008
I got a reminder for that, despite selling it in the April. I sent a letter back to DVLA with the seller's address and the date I sold it, and heard no more.
I note it now has an export marker on it, so it obviously did go overseas.
Probably minicabbing, as above. If it does its new owner half the service it did me, he/she got a bargain.
Edited by DP on 07/12/2009 at 18:08
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>> So they can drive themselves to the bus depot to take the buses out to take nurses to work ... Then they can use a pushbike like lots of workers used to - shouldn't live so far away ... :-) Easier to park too ...
Practice what you preach..............................
We're heading for cars for the use of the rich and privileged, ie stepping back a 100 years
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