BIGGEST USED CAR PRICE SHIFT IN 12 YEARS! 

I never understand why people spend the cost of a mortgage on what is essentially a driveway ornament. Look at how much time you actually drive your car it equates to, what, 1-3% of your time. Why waste so much on something you use so little?

I bought a k11 micra on ebay 7 yrs ago for £300 as a stop gap. 7 yrs later I've only spent on general maintenance ie tyres, brakes, shocks & servicing. V8 Mercedes to 1l micra and never looked back.

Shows how desperate people are to work and do tiny jobs

" usually " the more you spend on a car the more you loose , I've always bought reasonably priced cars kept them a couple of years and usually lost a grand on them , 5 years ago I pushed the boat right out and paid 9k for. 3 year old honda civic from a honda main dealer , Yet iv recently seen dealers asking 8k for civics same year as mine , Madness

I can attest to insurance prices. Colleague of mine had a £150 per annum increase for the exact number of miles as a year before, except with another year NCD Me? I got stung £360 per annum with another year NCD. Nothing had changed except my car depreciated by another year, I gained another year NCD but made sweet FA difference. The increase was with changing insurance company as my insurer who I had been with for a couple of years, made an offer that demonstrated that they had no interest in keeping me on.

That was a bonus! 🤑

Glad to help 👍

It's mad how many( some high mileage,but good condition lots of history) 2013 onwards Range Rovers/Sports for £15K! I wonder how low they will go.

⁠@@johnmunro4952It seems to be related more to the cost of insuring them. A relative in the insurance business tells me they are the single “most stolen” car in London postcodes (with many said to be going to Russia, where the oligarch’s favourite is no longer legally available due sanctions) with the result that the cost of insuring a new one is astronomical. It seems astonishing, but he said £15,000 annual premium, if you can get it at all. At some point in the depreciating value of a Range Rover, the insurance cost will simply not be worth it to the kind of buyer it attracts - eg I might be happy to pay £30000 for 2015 Range Rover, but would baulk at paying £8,000 to insure it (thus paying double for it over 4 years).

That’s the problem

@@johnmunro4952 I would only pay £16k for a 2016 now, sellers will only be able to get rid if there cheap

But, every knows RR are money pits. Like the plastic fittings on bmws, Audis… people get wise to huge parts and labour costs and do their research in our days. Reliability and cheaper services are the order of the day

Coming soon!

Glad you think so! 👍

Glad you enjoyed it!

Glad you liked it!

Welcome aboard!

It has been mad but starting to turn now I think!

Not for long prices going to drop big time.sell now if you thinking of changing.

Also if it wasn't ulez compliant it removes some of the usual purchasers.

Would have been £3000 at auction back in 2017 !

Webuyanycar , bca , plandemic supply issues for parts , cinch , cazoo joined the market , causing prices to sore ! The cake is only so big and to many big players ! Such a shame to see bca / webuyanycar losing money this year ! Cazoo and cinch struggling or going bust !

@shifting metal have you tried doing a car buying side to your business like wbac ? Calvin car diaries

Wouldn’t trust UKCGR cars . Bca sure reports can not be trusted !

Thanks Liam 👍

Yes and they still lost £100M last year!

If you lose money on the books, you don't pay tax. it doesn't mean it is actually losing money.. will just be getting 'lost' in the accounting to avoid tax.@@ShiftingMetal

@@ShiftingMetal companies house say they made an £84,000 profit

Yeah, that’s a serious depreciation! 🤢

@@ShiftingMetal I tried to insure one in Birmingham. It would cost thousands. Only pays to have one if you live in mid-Wales! You can't get insurance in London.

Ah the good old days, I used to buy Autotrader on a Thursday morning 7am and quickly get on the phone to get the bargains.

Glad you enjoyed it

Sorry to hear that. Why did it cost you a fortune to keep it on the road? Servicing cost?

@@silamarie4406 think I’ve had it flat bedded to my mates garage 5 times, within 1 month the belt at the front snapped which meant I lost power steering and cooling not a major fix but that was the start, since then it’s gone through 5 injectors which are £500 each, can’t count general wear items such as tyres and brakes but they are also not cheap. It my mate didn’t own a garage I’d be so much more out of pocket. It does 30mpg if you drive it very gently. Tax is ridiculous! All in all with the depreciation and breakdowns I’d say I’ve lost £18,000 in 2 years of ownership. I’ve always owned my cars either through savings or private loans but now I’m seriously considering PCP as I could have had a brand new car under warranty for 4 years than having the stress of waiting for the next problem/expense

@@silamarie4406 Also I believe the second hand market will get worse for ICE cars as battery technology improves and the 2035 ban looms closer. Prices for electric cars are getting more or less similar to petrol or diesel cars, while electric cars are cheaper to run and generally very reliable, electric cars won’t stay road tax free forever, the government pushing the green incentives won’t be upping tax on electric vehicles till last so the people only paying £15 or £30 a year Road tax for there efficient ICE car will see that increase, petrol/diesel prices are only going up. 10 years ago the Nissan leaf appeared with a range of 80 miles real world driving, now we have electric cars averaging 300 miles real world driving, I can only assume by 2035 they’ll be easily doing 500miles and charging quicker than they are now, the government would have made electric cars so appealing as they did when diesel cars arrived on the seen that you’d be mad to stick with your high taxed, expensive fuelled ice car. Sadly once enough people have adopted to the new order your intelligent home car charger or petrol station style charge point will tax you per mile to cover road tax and obviously the lost tax from petrol/diesel so people enjoying charging there electric cars for £0.075p per KWh will have that increase, even if your generating your own electric through solar you have to plug your car in to charge so you’ll be taxed accordingly for how many miles you’ve travelled. In my opinion you’d be mad to buy a new ICE car as the depreciation will be ridiculous and you’ll probably see second hand electric cars holding there price very nicely.

All relative in that case hopefully :)

Very true!

Thanks, I'm sure we'll struggle on!

Good luck, don’t get carried away!

Thanks for listening

Glad to help 😅

I appreciate that!

They’re junk too. They are right

Computer aided Price. CAP

Good point about insurance

@@ShiftingMetal the salesman said he has done a lot of leg work putting deals together only to have them fall apart when they try to get insurance

More videos about the market prices values etc etc could listen to you talking about this for hours 🤏🤌👍

Sorry to read this pal

Was it not a euro 6?

Enjoy your car and don't worry so much about resale value, life is to short to care for that, unless you are a car dealer. I've never cared of my car resale value when choosing it, just enjoyed the car.

Wow! 😳

The Irish VRT is a killer on high Co2 cars, a friend brought a new G63 AMG earlier this year, it was a special order from Germany as it's not stocked by Mercedes Ireland because of the price, he paid 340k euro with options and VRT

No, what they can borrow for it. Plebs.

That’s interesting to hear!

Metro's haven't been made for years!

Did any Metros survive ? 😂

@@zog97xy Read my post again...i'm on about Classic cars.....and yes plenty of metro's have survived

@ShiftingMetal remember the 600k rs500.??? One sold for 100k about a month ago on 22k. Off top of my head. Defo coming down

Spot on with that

They don't usually close for long though so they, I bet the only day they don't have online auctions this year will be Christmas day!