Used supercar prices
Discussion
If you are buying they are going to crash and burn big style any day now, If you own one they are going to soar like a rocket any day now.
Its definitely a bubble of inflated prices at the moment BUT it could be here for a while yet. Too many factors for anyone to make anything other than a guess.
Post summer and post furlough there probably will be the inevitable Q4 correction but by Spring 2022 I still think there will be a shortage of new and good used cars keeping prices strong generally.
As to specific models 600LT's were £130k not long ago and there could be a glut of them coming to market when the ridiculous PCP deals end.
991 GT3's will start to come back off the inflated prices for all porsches and fewer people will be in the market for an early car whose engine warranty is going to potentially run out in their ownership.
No point 2nd guessing what this market is going to do as its crazy out there at the moment.
If you want one and have the money just buy it, if its available.
I've missed a couple of cars and deals now but I'm not in a major rush anymore as the season is already closing in and dont see the point of paying top money for 6 weeks use in reality. I'm going to see what Q4/Q1 2022 brings unless my precise car comes up
Its definitely a bubble of inflated prices at the moment BUT it could be here for a while yet. Too many factors for anyone to make anything other than a guess.
Post summer and post furlough there probably will be the inevitable Q4 correction but by Spring 2022 I still think there will be a shortage of new and good used cars keeping prices strong generally.
As to specific models 600LT's were £130k not long ago and there could be a glut of them coming to market when the ridiculous PCP deals end.
991 GT3's will start to come back off the inflated prices for all porsches and fewer people will be in the market for an early car whose engine warranty is going to potentially run out in their ownership.
No point 2nd guessing what this market is going to do as its crazy out there at the moment.
If you want one and have the money just buy it, if its available.
I've missed a couple of cars and deals now but I'm not in a major rush anymore as the season is already closing in and dont see the point of paying top money for 6 weeks use in reality. I'm going to see what Q4/Q1 2022 brings unless my precise car comes up
supersport said:
I don’t think the OP is planning on buying, but more after things to write about at school.
To join the post though. I've been offered 5k more for my AMG GTS than I paid for it in Feb last year. Seriously considering it and holding the cash for 12 months until things potentially settle down as ideally a mac 570 or honda nsx are on the to do list at some point.
I was speaking to a financial advisor yesterday who strictly said don’t by anything at the moment! He said as mortgage holidays come to an end and furlough comes to an end he reckons houses will start getting repossessed mid 2022 late 2022 as well as if interest goes up ppl simply won’t be able to afford repayments, and with cars as the supply problems get resolved and as lease cars go back there will be an oversupply on both regular cars and exotic cars with not as much money to pay which will lead to prices falling,
He reckons you’re looking at carnage in 8-12 months
BUT let’s be honest you could be dead by then so might as well enjoy your life if you can afford it
He reckons you’re looking at carnage in 8-12 months
BUT let’s be honest you could be dead by then so might as well enjoy your life if you can afford it
ghost83 said:
I was speaking to a financial advisor yesterday who strictly said don’t by anything at the moment! He said as mortgage holidays come to an end and furlough comes to an end he reckons houses will start getting repossessed mid 2022 late 2022 as well as if interest goes up ppl simply won’t be able to afford repayments, and with cars as the supply problems get resolved and as lease cars go back there will be an oversupply on both regular cars and exotic cars with not as much money to pay which will lead to prices falling,
He reckons you’re looking at carnage in 8-12 months
BUT let’s be honest you could be dead by then so might as well enjoy your life if you can afford it
You may well be right. All that is true. However, you may well be wrong - at the start of the pandemic we had a pandemic, we had loss of jobs, we had all sorts of problems - yet prices rose. Basically, it's hard to tell. Banks are currently printing money and that's not going to stop any time soon.He reckons you’re looking at carnage in 8-12 months
BUT let’s be honest you could be dead by then so might as well enjoy your life if you can afford it
I personally think there'll be a bigger winter correction than usual across the board, but overall shortages in chip supply, and people reevaluating their lives post-Covid have created a demand for personal transport at the lower end, and living life to the full at the higher end.....
ghost83 said:
I was speaking to a financial advisor yesterday who strictly said don’t by anything at the moment! He said as mortgage holidays come to an end and furlough comes to an end he reckons houses will start getting repossessed mid 2022 late 2022 as well as if interest goes up ppl simply won’t be able to afford repayments, and with cars as the supply problems get resolved and as lease cars go back there will be an oversupply on both regular cars and exotic cars with not as much money to pay which will lead to prices falling,
He reckons you’re looking at carnage in 8-12 months
BUT let’s be honest you could be dead by then so might as well enjoy your life if you can afford it
Half the financial advisers I come across don’t know what they’re talking about (I should know because I’ve been one for the last 25 years!) What I have learnt is that you can’t take it with you and the kids will soon get through it if you don’t spend it. You’d be a fool to leverage your self up to the hilt to buy a toy, let alone a house. But if you have the cash, buy it and enjoy it. Procrastination can suck the life out of you imo.He reckons you’re looking at carnage in 8-12 months
BUT let’s be honest you could be dead by then so might as well enjoy your life if you can afford it
andrew said:
DeejRC said:
Probably not a bad idea Zippee in reality. Never a bad thing is money in the bank...especially when you have had your fun from the purchase.
cash is bad in these high-inflation, low interest rate, money-printing times
Zippee said:
andrew said:
DeejRC said:
Probably not a bad idea Zippee in reality. Never a bad thing is money in the bank...especially when you have had your fun from the purchase.
cash is bad in these high-inflation, low interest rate, money-printing timescash is bad, investments can be good
ghost83 said:
I was speaking to a financial advisor yesterday who strictly said don’t by anything at the moment! He said as mortgage holidays come to an end and furlough comes to an end he reckons houses will start getting repossessed mid 2022 late 2022 as well as if interest goes up ppl simply won’t be able to afford repayments, and with cars as the supply problems get resolved and as lease cars go back there will be an oversupply on both regular cars and exotic cars with not as much money to pay which will lead to prices falling,
He reckons you’re looking at carnage in 8-12 months
BUT let’s be honest you could be dead by then so might as well enjoy your life if you can afford it
Well if he is a financial advisor he MUST be RIGHT 🙄🙄He reckons you’re looking at carnage in 8-12 months
BUT let’s be honest you could be dead by then so might as well enjoy your life if you can afford it
garystoybox said:
Half the financial advisers I come across don’t know what they’re talking about (I should know because I’ve been one for the last 25 years!) What I have learnt is that you can’t take it with you and the kids will soon get through it if you don’t spend it. You’d be a fool to leverage your self up to the hilt to buy a toy, let alone a house. But if you have the cash, buy it and enjoy it. Procrastination can suck the life out of you imo.
Only half ? In my experience its more like 80% dont know anything and 15% talk 80ll0ck5ghost83 said:
I think he’s just looking at stuff sensibly but he must do alright nice house nice car I’ve known him since school and was just having a catch up
Did you not show him all your supercars and explain that " the boy done good without any qualifications and you don't need to be a financial advisor "Bispal said:
Only 2 things are certain with car prices:-
1. If I sell a car they will immediately and stratospherically rise in value.
2. If I buy a car they will instantaneously fall in price like a lead balloon.
For this reason I am keeping my supercars and only buying bangers from here on.
Indeed. I sold my 599 last week after 13 years ownership and I am now confident that prices will rocket. 1. If I sell a car they will immediately and stratospherically rise in value.
2. If I buy a car they will instantaneously fall in price like a lead balloon.
For this reason I am keeping my supercars and only buying bangers from here on.
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