[dxb335d]

yes mate that is.

But then people can go and buy another new one? or slightly used at a good price as they desp to sell..?

so in the past were actual values higher than predicted so people bought them?

[M3-FAST]

Originally Posted by dxb335d

yes mate that is.

But then people can go and buy another new one? or slightly used at a good price as they desp to sell..?

so in the past were actual values higher than predicted so people bought them?

The values were easier to predict - a 2 yr old 320i would always be worth a 'given' amount of money (give or take a little) but nowadays it is a lottery. Most cars are running well behind book (by many thousands) - Big cars like X5's are dropping 2k a month in some guides!

[dxb335d]

OUCH


but am i right, if the value was 20k but in reality you could sell for 25. People would pay bm 20k?

[M3-FAST]

Originally Posted by dxb335d

OUCH


but am i right, if the value was 20k but in reality you could sell for 25. People would pay bm 20k?

Yep, if you wanted to walk away from the car, exactly right!

Or otherwise, use the equity towards your next one.

A friend of mine has just finished a PCP on a Peugout 307 and wanted to change brand so she managed to sell privately for £5.5k and then pay off Peugout the £4.5k agreed future value leaving her a grand in her pocket. She was lucky that she sold it for a VERY good price privately to a friend who specifically wanted her car and gave her almost forecourt price!!

[willhollin]

Originally Posted by dxb335d

OUCH


but am i right, if the value was 20k but in reality you could sell for 25. People would pay bm 20k?

Yes, the idea was that you had a bit of dosh to put down on the next new car you bought come trade in.

[dxb335d]

But that wont work for people this time.

[M3-FAST]

Originally Posted by dxb335d

But that wont work for people this time.

thats exactly the point matey

[dmirish]

Originally Posted by redE93cab

thats exactly the point matey

but PCP or HP seems to have worked out like a stop loss for a lot of people.

They have lost a bit but don't have to try to shift their car in a falling market, they can just hand it back and let the finance company take the rest of the loss..

[M3-FAST]

Originally Posted by dmirish

but PCP or HP seems to have worked out like a stop loss for a lot of people.

They have lost a bit but don't have to try to shift their car in a falling market, they can just hand it back and let the finance company take the rest of the loss..

Yes, thats what the discussion has been about!

Downside of this long term, is the dealers and finance companies will be taking big losses and I am pretty sure BMW increased their finance rate this month whereas the Bank of England lowered theirs.

[E92-Mark]

I've just got back from Audi, looking at the A5 as an alternative. They were quite happy to show me that their system listed a CAP price from £17600 to £19500. Now, they didnt actually give me a quote cos its Sunday, but we'll see what happens when they ring. If they only offered the low figure, then I'm afraid its goodbye BMW, hello A5.

And I actually disagree that its about cost to change, its not to me, its about value. I'll happily pay for something more expensive, if I'm getting a reasonable deal on it.