FabSwingers.com forum: When do you change your car?

By *ools and the brain OP Couple
over a year ago

couple, us we him her.

Previously we have always kept our cars and ran into the ground.

Last car we Had about 16 years.

Current one five years but it's 11 years old but still drive's fantastic.

But in order to capitalise on its reasonably high px value looking at changing, now been looking for a few months and it's doing my head in.

But this will be the first time we have gotten rid of a car when it's still running well.

I'm very torn between keeping it or renewal.

Thoughts?

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By (user no longer on site)
over a year ago

Get one with a hidden catalytic converter. Bastards have sawn off my current car and my previous one. Cheeky louts

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By *egoMan
over a year ago

Preston

I tune my cars.

I wouldn’t sell them so drive until economically unviable.

If I get a surprise opportunity to upgrade I’d rather give it to a friend that appreciates the specialness of my baby.

As a target I’d probably px/sell before it goes sub £6k on auto trader. If it were normal.

Or wait until the dealer has a some crazy px deal.

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By *arte_Blanche_NECouple
over a year ago

Northern

"Previously we have always kept our cars and ran into the ground.

Last car we Had about 16 years.

Current one five years but it's 11 years old but still drive's fantastic.

But in order to capitalise on its reasonably high px value looking at changing, now been looking for a few months and it's doing my head in.

But this will be the first time we have gotten rid of a car when it's still running well.

I'm very torn between keeping it or renewal.

Thoughts?

Every 3 years, I get bored

Mr C

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By (user no longer on site)
over a year ago

To cover a hit and run

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By *rad670Man
over a year ago

South Lakes

I just changed my camper from a swb to a lwb high roof, I wanted to entertain ladies taller than me which is most without all the unessercary bending, it's as good a reason as any to change

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By (user no longer on site)
over a year ago

Recently changed them as i got bored and i get bored easy previous to this car i have had in reccent yrs bmw convertable 3 series a 5 series bmw a couple of mercs and an mgtf throw in a couple of hundred pound bangers as in between cars and that was me over a 8 year period.

Now for the last 2 years driving an insignia not bored it dont break down like the list above and is economical worth more than i bought for and its just comming up for 5 years and no plans to change it.

Think from now on change car once every 5 years

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By (user no longer on site)
over a year ago

What car you looking to get?

Id like a new car but used car prices are too steep for the cars i want. Id rather keep my 11 plate car ticking over till however long it wishes to live for.

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By (user no longer on site)
over a year ago

Problem is the high px value is reflected in the price hike of new cars it’s not really a win

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By *ools and the brain OP Couple
over a year ago

couple, us we him her.

"What car you looking to get?

Id like a new car but used car prices are too steep for the cars i want. Id rather keep my 11 plate car ticking over till however long it wishes to live for.

Used Lexus GS

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By (user no longer on site)
over a year ago

"What car you looking to get?

Id like a new car but used car prices are too steep for the cars i want. Id rather keep my 11 plate car ticking over till however long it wishes to live for.

Used Lexus GS"

Would it eat into your pocket monthly it your paying for it ? Or the running costs?

Also is it a ‘must’

Or could the money go elsewhere, holidays? Etc etc

Also if your a 100% happy with your current car and theres no worries about it going bang.

Keep it

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By *acksparrow99Man
over a year ago

London

I change mine every 2-3 years. Resale value of used cars has gone up because of pandemic, so you may score a nice chunk of cash.

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By (user no longer on site)
over a year ago

Just give the tailgate a good sniff.

Trust me, you’ll know when it needs changing.

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By *isfits behaving badlyCouple
over a year ago

Coventry

Hopefully never, its over 10 years old but I love how it preforms, how it handles and its layout. And just the right amount of tech (too much unessersary features/engineering on modern cars that you don't need but cost a fortune when they break). It's also so well made that if it does ever need a repair its worth doing because the rest of the car still has loads of life left in it. I will change my car when it can't drive no more. Its a great car, bought cash, why would I want to spend more money on a different one (or even worse get finance for one)? Generally I have always chosen my cars very carefully and well. So when I do one day have to get a new one hopefully I will find another great car to keep me going many years.

Although I do fear the drive to push electric car will see the end to access to affordable second hand cars. So maybe one day I'll be forced into the finance trap to stay on the road.

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By (user no longer on site)
over a year ago

Keep it! The reason part ex values are going up is because there is a shortage of new cars and garages are buying up secondhand cars or else they would have nothing to sell! My local Ford dealer cannot get new cars! Six months lead time! Remember Greta and the World economic forum don't want you driving or using planes! You will have nothing and be happy! According to Klaus Schwab! Read his book!

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By (user no longer on site)
over a year ago

Cars or women?

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By (user no longer on site)
over a year ago

"Keep it! The reason part ex values are going up is because there is a shortage of new cars and garages are buying up secondhand cars or else they would have nothing to sell! My local Ford dealer cannot get new cars! Six months lead time! Remember Greta and the World economic forum don't want you driving or using planes! You will have nothing and be happy! According to Klaus Schwab! Read his book!"

That bloke is evil, pure evil

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By *oah VailMan
over a year ago

Dover

I have generally changed the family car every four to six years. My wife uses it as her daily, and I need to have confidence in it that she’ll not get stranded anywhere when I’m not with her. It’s also nice to have a bit of comfort and not be worried about having to maintain it myself, just pay the bills.

For my own car? Well I bought my first one in 1986 and ran it until 1992. I had a couple of short lived bangers, then I bought my Land-Rover in 1994 and I’m still driving it.

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By *ora the explorerWoman
over a year ago

Paradise, Herts

Every 2 years x

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By *ools and the brain OP Couple
over a year ago

couple, us we him her.

"I have generally changed the family car every four to six years. My wife uses it as her daily, and I need to have confidence in it that she’ll not get stranded anywhere when I’m not with her. It’s also nice to have a bit of comfort and not be worried about having to maintain it myself, just pay the bills.

For my own car? Well I bought my first one in 1986 and ran it until 1992. I had a couple of short lived bangers, then I bought my Land-Rover in 1994 and I’m still driving it. "

Well that's the thing.

Mrs uses the car, we only have one.

Daily commute approximately 2 hrs spent in traffic and a bit of Motorway so we want reassuring the reliability and comfort and safety.

As the car gets older I worry about her being in the car alone and breaking down.

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By (user no longer on site)
over a year ago

After every bank robbery x

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By (user no longer on site)
over a year ago

Renew every 3 years but never buy new

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By *agneto.Man
over a year ago

Bham

This one I'm going to run into the ground, and then hopefully electric cars will be better and cheaper when that happens.

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By *riskynriskyCouple
over a year ago

Essex.

Frisky generally changes her car when the first service is due...

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By (user no longer on site)
over a year ago

When it dies

Currently have an 04 plate audio a3 with only 96k on it.

Still going strong

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By *eavenNhellCouple
over a year ago

carrbrook stalybridge

"When it dies

Currently have an 04 plate audio a3 with only 96k on it.

Still going strong "
same buy it cheap run it untill it dies currently have an 06 Astra bought for £500 138k on clock still going strong sailed through last mot why change it

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By (user no longer on site)
over a year ago

"When it dies

Currently have an 04 plate audio a3 with only 96k on it.

Still going strong same buy it cheap run it untill it dies currently have an 06 Astra bought for £500 138k on clock still going strong sailed through last mot why change it

Got it at 8yo with just 27k on it payed 6k for it

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By *heVonMatterhornsCouple
over a year ago

Lincoln

[Removed by poster at 12/01/22 19:08:36]

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By *heVonMatterhornsCouple
over a year ago

Lincoln

I changed my last car because it became too expensive to maintain, and the one before that because the previous one's engine developed a bad case of a holey engine

LvM

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By *ifewantsmore777Couple
over a year ago

North West

Every two years, before new tyres and servicing are needed

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By *good-being-badMan
over a year ago

mis-types and auto corrects leads cock leeds

When it becomes uneconomical to repair it.. I don't have a formula just gut feel

My car is due its MOT in a month or so, if it fails and its gonna cost loads I'll be getting another,if it passes or its a cheap fix it stays for another year at least.

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By *ltrMan
over a year ago

sheffield

Got offered two grand more than i paid for my audi as they struggling to get new ones a guy wants a black S.line A7 with dsg box like mine so who am i to deprive the guy of his dream car, and after all the issues ive had with it they can keep it

So back to the vrs skoda for me

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By *ornynottsbicplCouple
over a year ago

nottingham

When the company tell me it’s time to have a new one.

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By *iss.ddWoman
over a year ago

Leeds + Newcastle

Normally every 1.5-2yr cos I get bored

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By *htcMan
over a year ago

"Renew every 3 years but never buy new"

Same

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By *inky_couple2020Couple
over a year ago

North West

When it either stops working or it's too expensive to keep running. Now I have the cost of moving my clutch adaptation to a new car and possibly filling in some of the holes made to install (if I'm not going to scrap the car).

I have a very reliable 2012 Renault

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By *G CoupleCouple
over a year ago

kent

"Previously we have always kept our cars and ran into the ground.

Last car we Had about 16 years.

Current one five years but it's 11 years old but still drive's fantastic.

But in order to capitalise on its reasonably high px value looking at changing, now been looking for a few months and it's doing my head in.

But this will be the first time we have gotten rid of a car when it's still running well.

I'm very torn between keeping it or renewal.

Thoughts?

We always try and choose something a bit rare/different from the norm do we don't change that often

Unless something really rare comes up for the right price

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By *ecretlivesCouple
over a year ago

FABWatch HQ

If you have money to burn and like spending it on your car at a whim - go for it

If your car is reliable, safe and gets you where you want to go then why not spend your money on something that adds an experience to your life. Pay for new memories, rather than paying the taxman and the dealership for the privilege of more of the same but in a different colour

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By *iamondCougarWoman
over a year ago

Norfuck! / Lincolnshire

Every 3 years but to be fair this one hasn’t done that many miles yet. It’s spent more time sat on the drive

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By *ore4fundevonCouple
over a year ago

West Devon

We have our car on a PCP contract so change it every 3 - 4 years depending on the term.

We own my van outright. Had the last one 6 years. I don't like a new new one as I chuck tools and materials in it and would hate to damage something worth a lot of money.

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By *orny PTMan
over a year ago

Peterborough

I'm coming up to to six years with mine and it's a 2006 model. Getting my money's worth out of it.

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By *atriciayoiditTV/TS
over a year ago

hatfield

"Previously we have always kept our cars and ran into the ground.

Last car we Had about 16 years.

Current one five years but it's 11 years old but still drive's fantastic.

But in order to capitalise on its reasonably high px value looking at changing, now been looking for a few months and it's doing my head in.

But this will be the first time we have gotten rid of a car when it's still running well.

I'm very torn between keeping it or renewal.

Thoughts?

"
keep....

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By *exysuzi and Mr.SCouple
over a year ago

CONISTON .Stoke Suburbia. Staffs. BARMOUTH. The Lakes (Monthly)

We just picked our new car up on Monday. We tend to change every couple of years xxxx Suzi

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By *exysuzi and Mr.SCouple
over a year ago

CONISTON .Stoke Suburbia. Staffs. BARMOUTH. The Lakes (Monthly)

I did 2 years ago go in for a windscreen wiper, saw our last car in the showroom, liked it, loved the colour so bought it. Obviously didn't bother buying the windscreen wiper

xxxxx Suzi

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By *ane DTV/TS
over a year ago

Birmingham (3nts)

5yrs back my old 308 Pug was needing new injector, 2 new tyres and DPF , got £1500 trade in and picked up 16 plate Astra GTC, ex demo 1500 miles on the lock for £10k.

Only had 1 major repair, in 88K of driving.

Keeper, until it costs way to much to repair.

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By (user no longer on site)
over a year ago

Usually when insurance writes it off.

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By (user no longer on site)
over a year ago

ive got afew classics which ive had 10+ years.

my last brand new car jaguar Epace jaguar bought back for more than i payed at 4 months old.

my bmw previously was stolen.

and my other electric bmw previous was run to 300k miles and sits on my dads farm broken.

Id say 'fate' takes my cars

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By *ice_gent1Man
over a year ago

stoke on trent

Keep!

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By *uckslut and MCouple
over a year ago

Poole

I fem, keep them till I kill them. Last car waa basically brand new, I'd replaced everything. Until the clutch went for 2nd time. Was not paying £800 to last only 18 months again.

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By *ust RachelTV/TS
over a year ago

Horsham

When the company notify me that I am due another, usually every 4 years.

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By (user no longer on site)
over a year ago

I don't drive.

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By *nliveneTV/TS
over a year ago

Selby

I brought last car almost 4 years ago, was used with few years already, i love this car , it performs well and have the technology that i found more than enough for me. It gets sometimes expensive to go to the garage but looking at the future and see that soon we all need to get an electric car , i prefer to keep it till the day that by law will no longer be allowed to run as i can't afford right now the prices of an electric car

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By *akie32Man
over a year ago

winchester

used car prices are mad atm, so unless you are buying new then keep it for now, otherwise it doesnt make sence

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By *rhugesMan
over a year ago

Cardiff

Really not a good time to buy a car right now, as there is a shortage of new cars causing prices of second hand ones to be inflated

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By (user no longer on site)
over a year ago

When the one I have stops working

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By *alandNitaCouple
over a year ago

Scunthorpe

I drive a van because I'm in a few bands and need to carry about loads of equipment. Generally, I will need to change my van when I have bought too much gear and can no longer fit it all in the current van.

Cal

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By (user no longer on site)
over a year ago

Until it dies.

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By *oroRick1027Man
over a year ago

Middlesbrough

I drive a 14 yr old Ford Fiesta 1.25 with 132,000 miles on the clock. I bought it 4 years ago for £750. It still runs like a dream and sailed through its last MOT.

I'm scared to get rid of it. It's worth sod all, and I'm bound to buy something that breaks down all the time.

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By *arkus1812Man
over a year ago

Lifes departure lounge NN9 Northamptonshire East not West MidlandsMidlands

64 years driving,

44 cars owned during that time,

On that basis I have on average changed my car every 18 months

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By (user no longer on site)
over a year ago

Some I change when bored of them but never for economic reasons.

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By *sland_TMan
over a year ago

london

"Previously we have always kept our cars and ran into the ground.

Last car we Had about 16 years.

Current one five years but it's 11 years old but still drive's fantastic.

But in order to capitalise on its reasonably high px value looking at changing, now been looking for a few months and it's doing my head in.

But this will be the first time we have gotten rid of a car when it's still running well.

I'm very torn between keeping it or renewal.

Thoughts?

After 18 months.

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By *iger4uWoman
over a year ago

In my happy place

Traded mine up when I realised it still had some part ex value.

I buy my cars rather than get finance.

So prob every 4 years.

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By (user no longer on site)
over a year ago

How often we change ours depends on how quickly destroy them lol or they become too expensive maintain. Cars are functional and not status symbols.

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By *mizhereMan
over a year ago

belfast area

Yearly I know but I get a great deal from a friend

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By *lairekTV/TS
over a year ago

Manchester

It's a strange time in the development of cars.

There are over 250 Chinese electric vehicle models, many of them are good enough for our market.

I suspect that the choice and price will improve dramatically in the next few years.

Might be worth waiting.

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By *2000ManMan
over a year ago

Worthing

Used to change about every 3-4 years trading up each time. Now that's out of my system, I've a 13 year old ford which had for 10 years. Serves me well.

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By (user no longer on site)
over a year ago

When it looks and sounds worse than any other car at work!

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By (user no longer on site)
over a year ago

It's difficult to decide what to do, previously I've only changed once it starts to need more and more work doing to keep it on the road. I've been looking at changing now for about a year, just to keep up with having a nearly new car, however the one I have is about 1000 a year cheaper to run than its newer models.

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By *ockosaurusMan
over a year ago

Warwick

I never have.

Always had the same car and never even thought about changing it.

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By *uminsiderMKMan
over a year ago

St Austell

I used to 'upgrade' my cars every couple of years - I've always bought used, and would try to get both the next model 'up' in the range and a year or two 'newer' relative to the previous one...

....worked well with the Citroën BXs and Xantias that I drove for a long time - went from 1.4 to 1.6 to 1.9 to GTi to 16v, and 2.0i to 2.0 Turbo Activa...

....then, after a disaster with a C6, I switched to Volvos; had one of the very last 'old shape' S40s for five years and loved it - then 'upgraded' straight to a C70 which I've had six-and-a-half years, absolutely love, and as it's quite a rare edition, I intend to keep until it becomes uneconomical to keep on the road...

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By (user no longer on site)
over a year ago

Every 18 months to 2 years for me as tend to get bored of driving the same car and gone electric now for the novelty but will return to petrol at some point this year. At one point I was buying for 6 months and selling and think I am on about my 30th car but we all are different. But op you should do what you feel is right for you and good luck in your decision.

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By (user no longer on site)
over a year ago

Every 3 years,love a new car,

Driving a astra sri turbo at the moment and I love it

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By *ools and the brain OP Couple
over a year ago

couple, us we him her.

Well after about 4 weeks or so looking at car's have now given up.

Refuse to pay current used car prices.

If car dealers think I'm going to line their pockets paying 24k for a car that a year ago would have been 15/17k they can think again.

And they are all about trying to force PCP deals on you.

I want to buy and own a car thanks very much.

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By (user no longer on site)
over a year ago

If the car runs I'm keeping it

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By *opsy RogersWoman
over a year ago

London

Money dictates how often I get a car, I can barely afford to run or use the one I have!

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By (user no longer on site)
over a year ago

I tend to swap cars every 5 years or so

Currently looking for a cheap little runabout to have as a second car

I've owned 2 motorbikes and still have both

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By *hloetTV/TS
over a year ago

Nottingham

Usually every 4-5 years x

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By *aiseiMan
over a year ago

Birmingham

I usually run them until they’re uneconomical to repair.

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By (user no longer on site)
over a year ago

"After every bank robbery x"

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By *ools and the brain OP Couple
over a year ago

couple, us we him her.

Any car dealers on here??

You guys must be laughing all the way to the bank at the moment?

So three years ago someone buys a car on PCP they pay approximately 300-400 a month, then

Chop it in for a new one.

Meanwhile the old car gets fobbed off to someone else for 3-4 years

300-400 a month.

And they still would owe ten plus grand at the end of the deal.

So a dealership is probably making money on the same car until it's about ten years old!!!!

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By *isfits behaving badlyCouple
over a year ago

Coventry

I don't as long as it goes. It's a great old car and in great mechanical condition. Plus with the rising cost of used cars chances are in most cases its more economical to just repair faults and keep it going. It was bought cash and it has already returned my investment over the years I've had it. Every year I get out of it now is free. That to me is far better than paying £100s a month for another car that basically does the same as mine. And all cars need wear and tear items replaced now and then be it my car or a car 3 years old worth multiple times the value of mine. There simply is no benefit for getting rid of my car.

Definitely wouldn't swap it for a £40k electric car that's batteries may need replacing 8-10 years down the line. That to me sounds terrible value for money compared to what I have now.

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By (user no longer on site)
over a year ago

Bought my current car, a '59 plate 2ltr Mondeo a year ago for cash as my previous motor, a K plate Toyota Corolla's clutch was on the way out so got rid of the car. Currently the webuyanycar price is £200 lower than paid for it.

However, my neighbour has a Honda Jazz and is quoted at £250 more than they bought it for 2 years ago!

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By (user no longer on site)
over a year ago

Usually every 3/4 years.

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By *al kalMan
over a year ago

london

If you are going down the “get a newer car” route, is it better to privately sale your current vehicle? ( takes more time and effort appreciate)

Would you do it in todays market?

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By *ryandseeMan
over a year ago

Yorkshire

It varies but certainly used to every 2 or 3 years but I do haggle, haggle and haggle again till I am happy with the price. And I mean haggle till they secumb

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By *ichaelangelaCouple
over a year ago

notts

"Previously we have always kept our cars and ran into the ground.

Last car we Had about 16 years.

Current one five years but it's 11 years old but still drive's fantastic.

But in order to capitalise on its reasonably high px value looking at changing, now been looking for a few months and it's doing my head in.

But this will be the first time we have gotten rid of a car when it's still running well.

I'm very torn between keeping it or renewal.

Thoughts?

Don’t get it. You say change car to capitalise on higher px value. Okay. You get a bit more for it. But on the other hand, you have to replace it therefore spending a bit more than the value of the newer car. So seems you gained nothing??

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By *abioMan
over a year ago

Newcastle and Gateshead

I have my eyes on the Tesla model Y for when I win the lottery… until then.. keeping my Prius!!

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By *litterbabeWoman
over a year ago

hiding from cock pics.

I've had my car for 6 and a half years, and it's a 2009. It does need a service, and it runs absolutely fine.

Over the years I've had to do a few bits and pieces on it but it serves me well and I don't do many miles.

For how much I use it, there's really no point in me changing it as it runs absolutely fine and does everything I need.

On the other hand my son needs to buy his first vehicle and it's going to be an older pickup as that's what he needs, it's very difficult to get what looks like value for money at the moment.

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By *andonmessMan
over a year ago

A world all of his own

I've had my current car for nearly 7 1/2 years now and although from time to time I've thought about changing it, there really isn't much that'll do what it does without shelling out a lot more money, especially given the current car price situation.

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By *isfits behaving badlyCouple
over a year ago

Coventry

"I've had my current car for nearly 7 1/2 years now and although from time to time I've thought about changing it, there really isn't much that'll do what it does without shelling out a lot more money, especially given the current car price situation. "

A reliable car gets you from A to B be it 12 years old and worth £1k or new and worth £30k. I know which one is better for my pocket and leaves me with plenty of money to play with while serving the same function.

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By *ysyphusMan
over a year ago

Starbase K-7

Every three years. (Motability). I'm 18 months into my current lease, and very happy with the Sysyphus-mobile.

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By *orny PTMan
over a year ago

Peterborough

"I just changed my camper from a swb to a lwb high roof, I wanted to entertain ladies taller than me which is most without all the unessercary bending, it's as good a reason as any to change

They keep their heels on?

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By *aughty but nice...Man
over a year ago

Staffs

I used to keep women and swap cars

Now I swap women and keep cars

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By *inkyeroticaCouple
over a year ago

Ampthill

All too frequently! I changed my last car on 1st September. Id had it less than two years, but used my motor trade experience to hammer out a great deal on a new built to order car. Depressed new car sales at time of ordering allowed me to get thousands off, and maximise the value in my existing car. The toy car is three years old in May and I've not decided what to do with it. I'll probably keep it but who knows. Shinny things with wheels and tits call my name.

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By *litterbabeWoman
over a year ago

hiding from cock pics.

Does anybody think the current car situation will change, or is this shortage of new cars and therefore price hikes in second hand cars something that's here to stay?

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By *acey_RedWoman
over a year ago

Liverpool

When I changed my last car it was still running but it was annoying me. It was unbearably hot in the summer but the windscreen froze on the inside in the winter. The boot was damp and the steering was heavy. I was offered a really good deal on my current car which I've now had for 3 years and I'm still very happy with it so no plans to change unless it develops problems and starts costing me lots or something.

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By *sBlueWoman
over a year ago

Up North

Every 3 years

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By *ocktoplaywithMan
over a year ago

Derby

Bought mine new 12 years ago, thinking I’m ready for a change

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By *exymarvelMan
over a year ago

cardiff

Every 3 yrs with work

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By *haggydogMan
over a year ago

Brooklands/London

Every few years. Many cars start to get more expensive problems after about 7 years.

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By *rHotNottsMan
over a year ago

Dubai & Nottingham

I tend to buy at at 1-2 year old and keep to 4-5 years old

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By *inkyeroticaCouple
over a year ago

Ampthill

"Does anybody think the current car situation will change, or is this shortage of new cars and therefore price hikes in second hand cars something that's here to stay?"

It’s a temporary situation, and will resolve itself.

The issues at the moment surround chip supply for electronic components in new cars. Reduced supply of components reduces the numbers of cars that can be built. As fewer cars are being built, the stock of new cars is reduced. When supply is lower than demand, discounts disappear. The majority of people in the market will not wait in excess of six months or longer for a mass produced car.

So, used car prices are firm right now. Used car prices rise and fall (a bit like the stock market) all the time, though usually rise only slightly and very much on a per model basis. However, the trade expects prices to fall in a regular pattern. When prices aren’t falling gradually, the decline occurs suddenly. It’s what’s known as a cliff top moment. The price falls suddenly, dramatically, and like falling of a cliff, hurts! This impacts the value of the car on your drive and, the value of stock on the dealership forecourt. Uncertainty around used car prices are not good for either dealer or consumer.

Another factor to take into account around supply is production schedules. Production allocations for vehicles being made today were determined a year ago. So manufacturers are building to supply a demand estimated 12 or even 18 months ago.

Ultimately, cars depreciate. In some rare cases outside of the ordinary car market, they appreciate in value.

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By *inkyeroticaCouple
over a year ago

Ampthill

"I tend to buy at at 1-2 year old and keep to 4-5 years old"

But at 2, sell at 5 has traditionally been the optimal method. Now, depends what you want to drive, and if you intend to keep it.

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By (user no longer on site)
over a year ago

"Previously we have always kept our cars and ran into the ground.

Last car we Had about 16 years.

Current one five years but it's 11 years old but still drive's fantastic.

But in order to capitalise on its reasonably high px value looking at changing, now been looking for a few months and it's doing my head in.

But this will be the first time we have gotten rid of a car when it's still running well.

I'm very torn between keeping it or renewal.

Thoughts?

For some reason my cars value has boomed, but I can't sell it as I cannot afford the upgrade I wanted, as that price has also boomed, typical.

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By *inkyeroticaCouple
over a year ago

Ampthill

It’s not about the value of the part exchange, or the value of the replacement vehicle. It’s all about the cost to change.

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By *ryandseeMan
over a year ago

Yorkshire

"It’s not about the value of the part exchange, or the value of the replacement vehicle. It’s all about the cost to change."

it's the bottom line that counts and how good you are at haggling

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By *andonmessMan
over a year ago

A world all of his own

" A reliable car gets you from A to B be it 12 years old and worth £1k or new and worth £30k. I know which one is better for my pocket and leaves me with plenty of money to play with while serving the same function.

I get that, but as a bit (cough) of a petrol head, a car is more than a means of getting from A to B for me.

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By *luebell888Woman
over a year ago

Glasgowish

I now have a lease car so will change it after 3years.

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By *litterbabeWoman
over a year ago

hiding from cock pics.

"Does anybody think the current car situation will change, or is this shortage of new cars and therefore price hikes in second hand cars something that's here to stay?

It’s a temporary situation, and will resolve itself.

Ultimately, cars depreciate. In some rare cases outside of the ordinary car market, they appreciate in value. "

Thank you for explaining that.

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By *olly_chromaticTV/TS
over a year ago

Stockport

I change mine when the ashtrays get full.

I don't smoke.

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By *inky-MinxWoman
over a year ago

Grantham

Three yearly

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By *olly_chromaticTV/TS
over a year ago

Stockport

"Does anybody think the current car situation will change, or is this shortage of new cars and therefore price hikes in second hand cars something that's here to stay?

It’s a temporary situation, and will resolve itself.

Ultimately, cars depreciate. In some rare cases outside of the ordinary car market, they appreciate in value.

Thank you for explaining that."

The electronic components problem is very real and can only get worse. Every car these days contains several dozen computer chips. Apart from the central electronic unit that ties everything together, there are loads of sensors and controllers scattered around immediately close to the specific mechanism that they monitor or control. These chips are all old fashioned technology, 8 bit microprocessors, large silicon geometry, (relatively) high current consumption. But proven, reliable, long life. Designs that are ten year old or longer.

Thing is that todays semiconductor industry doesn't make them any more. The modern chip fabrication plants actually cannot make them. It's like expecting a nuclear power plant to be able to supply you with coal. The older plants that did make these chips will still make them, but those plants are getting old now. The older equipment is breaking or becoming uneconomic to run. Once in a while one of these plants will actually burn down, or get destroyed by an earthquake. Repairing or rebuilding these plants would cost hundreds of millions (modern chip fabrication plants cost tens of billions!) and the semiconductor industry will not invest that money in old tech that is being phased out.

The semiconductor industry - whose main market is now the mobile phones industry - tells the car industry to use newer chips. But this means that the car industry has to redesign the electronics systems of their cars, have to totally rewrite all their software. Which they are very reticent about doing when they are being told that petrol and diesel vehicles are to be made illegal in less than ten years...

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By *rHotNottsMan
over a year ago

Dubai & Nottingham

"I tend to buy at at 1-2 year old and keep to 4-5 years old

But at 2, sell at 5 has traditionally been the optimal method. Now, depends what you want to drive, and if you intend to keep it. "

It’s very different right now, my car is now 5 years old and I’ve been offered £3000 more than what I paid for it , but with COVID I’ve barely put any miles on it, it’s basically as it was 3 years ago. If I sell it I’ll hane to spend 20-25K on another car that I’ll barely use as work from home 50% and get taxis to airports now when I work abroad

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By *rHotNottsMan
over a year ago

Dubai & Nottingham

"Does anybody think the current car situation will change, or is this shortage of new cars and therefore price hikes in second hand cars something that's here to stay?

It’s a temporary situation, and will resolve itself.

Ultimately, cars depreciate. In some rare cases outside of the ordinary car market, they appreciate in value.

Thank you for explaining that.

Which companies will emerge with the best strategies over the next 5-10, I want a stock tip please

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By *ynecplCouple
over a year ago

Newcastle upon Tyne

We tend to keep our cars until the are 8 to 10 years old. Not interested in px value it normally when the costs of service and other repairs are starting to get high.

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By *ove2Lick!Man
over a year ago

Banbury

Through my job, I get a company car, that I change about every 3 days. My neighbours think I’m a car thief lol

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By (user no longer on site)
over a year ago

When mine falls apart

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By *ausage1970Man
over a year ago

Shrewsbury

When my PA says it's time!! And so it begins cars left for me to try for a day only for me to prefer my old car. Like a tatty old jumper comfortable and just right

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By *litterbabeWoman
over a year ago

hiding from cock pics.

"Does anybody think the current car situation will change, or is this shortage of new cars and therefore price hikes in second hand cars something that's here to stay?

It’s a temporary situation, and will resolve itself.

Ultimately, cars depreciate. In some rare cases outside of the ordinary car market, they appreciate in value.

Thank you for explaining that.

That's really interesting, so I wonder what's actually going to happen to the car market.

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By *ronmant16Man
over a year ago

Sheffield

I never buy new as I only do short miles per year (around 3000), ironic as I drive for a living and probably do around 50000

I normally buy around two years old, higher mileage car as I can get much better spec andas I get attached to them (provided they don't let me down) I keep them for years and my small amount of miles per year means when I sell its classed as low mileage , winner winner new wing mirror

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By *ilfCrumpet9Man
over a year ago

Wirral

I don't think there is a shortage personally. There are millions of brand new cars parked up in fields, unused air fields, ports and anywhere else they can find the space. Production of new vehicles just carries on non stop.

Just to give an example, tesla produce a new car of the production line every hour. That's from the point where the first floor panel is pressed from a flat sheet of metal to driving it off

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By *ilfCrumpet9Man
over a year ago

Wirral

Off sorry typo

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By *inky_couple2020Couple
over a year ago

North West

"I don't think there is a shortage personally. There are millions of brand new cars parked up in fields, unused air fields, ports and anywhere else they can find the space. Production of new vehicles just carries on non stop.

Just to give an example, tesla produce a new car of the production line every hour. That's from the point where the first floor panel is pressed from a flat sheet of metal to driving it off "

A lot of people don't want to buy new cars though. They depreciate more in the seconds you drive off the forecourt than if you set fire to it 10 years down the line!

I've never bought a new car in my life but used cars ARE currently a) incredibly expensive and b) few and far between.

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By *ittle_brat_evie!!Woman
over a year ago

evesham

Soon! It's broken more than it's working at the moment

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By *andonmessMan
over a year ago

A world all of his own

"Soon! It's broken more than it's working at the moment

I recall replying and seeing a few of your woes with your car, hope it's sorted soon.

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By (user no longer on site)
over a year ago

"Any car dealers on here??

You guys must be laughing all the way to the bank at the moment?

So three years ago someone buys a car on PCP they pay approximately 300-400 a month, then

Chop it in for a new one.

Meanwhile the old car gets fobbed off to someone else for 3-4 years

300-400 a month.

And they still would owe ten plus grand at the end of the deal.

So a dealership is probably making money on the same car until it's about ten years old!!!!"

Pcp/ lease only works on new cars. It doesnt make sense to own a newish car now, for instance my defender new on the road price is £101,000. Now if i payed for that itd be worth £60k, i put £8000 down and pay £690 a month over 2 years, which equals £24,560 no service costs no tyre costs ect.

So if id payed cash (which i couldnt afford too) id have lost 45k in 2 years.

Pcp/lease doesnt work great if your buying 5 year old when its at the bottom of its depreciation it makes more sence to get a low rate bank loan and purchase that way

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By *inkyeroticaCouple
over a year ago

Ampthill

"That's really interesting, so I wonder what's actually going to happen to the car market."

What I’m hearing is that the problem with chips (of which rather than dozens used is actually in the hundreds, even thousands) and supply in general is likely to return to normal by the summer. That means used car prices will take a hammering at the same time.

Right now, if you’re building to order lead times are slightly extended, but reducing. Also, there is a lot of financial uncertainty in the market right now. This reduces confidence. Fuel prices are at an all time high. New car sales are not so much based on how well you think you are doing right now, as how well will I do over the next three years plus. New car sales will slow accordingly, improving supply, and reducing prices.

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By *inkyeroticaCouple
over a year ago

Ampthill

"Pcp/ lease only works on new cars. It doesnt make sense to own a newish car now, for instance my defender new on the road price is £101,000. Now if i payed for that itd be worth £60k, i put £8000 down and pay £690 a month over 2 years, which equals £24,560 no service costs no tyre costs ect.

So if id payed cash (which i couldnt afford too) id have lost 45k in 2 years.

Pcp/lease doesnt work great if your buying 5 year old when its at the bottom of its depreciation it makes more sence to get a low rate bank loan and purchase that way

There is some truth to that, but a few minor errors too. Your example of the Defender is an excellent one. You’ve paid less than the car deprecated and so your two year use cost less than outright purchase. When I worked in the trade, I would caution private buyers about leasing as it’s largely a business tool, and totally unsuitable for private use. There are certain vehicles where the manufacturer support into the lease means leasing is the way forward (I’m think from experience of a 7 series BMW here).

Leasing is rarely an option on a used car. PCP is available on used, with restrictions on age of vehicle at end of term, start mileage and the duration of the contract. It can be a very viable option. If you intend to keep the care forever, I.e. make the balloon payment at the end, a more conventional HP agreement might be more appropriate.

Cash isn’t always king, especially with new cars. A customer cannot legally be charged a higher price for the vehicle because credit is involved, and in reality the opposite is true…

Manufacturers offer financial assistance to move cars off the forecourt. Deposit contributions (often in the thousands) can make a new car more affordable than a used car and, very often at a lower rate too.

The vast majority of private buyers don’t by a car, they buy a payment.

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By *ightkitty4uWoman
over a year ago

Epsom

When the one I have dies…. Don’t think I’ve ever changed car out of “want”

Newest car I’ve ever owned has been 8 years old

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By *ilfCrumpet9Man
over a year ago

Wirral

Only ever had one new car an rosso red xr3i bought in 1988 and still have it. I just buy second hand and look for 1 keeper cars with a service history. I do get attached to them and end up keeping them

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By *m3232Man
over a year ago

maidenhead

No new cars under 150k really do it for me and I won’t spend that amount.

Last year I was looking at a GR Yaris for 35k as good car but decided on a 911 turbo for the same money.

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By *m3232Man
over a year ago

maidenhead

"Any car dealers on here??

You guys must be laughing all the way to the bank at the moment?

So three years ago someone buys a car on PCP they pay approximately 300-400 a month, then

Chop it in for a new one.

Meanwhile the old car gets fobbed off to someone else for 3-4 years

300-400 a month.

And they still would owe ten plus grand at the end of the deal.

So a dealership is probably making money on the same car until it's about ten years old!!!!

So if id payed cash (which i couldnt afford too) id have lost 45k in 2 years.

Pcp/lease doesnt work great if your buying 5 year old when its at the bottom of its depreciation it makes more sence to get a low rate bank loan and purchase that way

But you still lost 25k doing it.

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By (user no longer on site)
over a year ago

I keep mine for years! Last one was 10 years. I either blow them up or bits fall off

Once I update my car I start saving for the next

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By *inky_couple2020Couple
over a year ago

North West

The last car I bought was a 2012 reg. I bought it in 2016. It's sitting on my driveway right now and runs like a dream. It cost me £7500 plus a knackered Renault Scenic, which is the most I've ever spent on a car, ever. I really ummed and ahhed over spending so much.

Reading all this, I feel like I must live in a different universe!

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By *91kMan
over a year ago

Maidstone

"Previously we have always kept our cars and ran into the ground.

Last car we Had about 16 years.

Current one five years but it's 11 years old but still drive's fantastic.

But in order to capitalise on its reasonably high px value looking at changing, now been looking for a few months and it's doing my head in.

But this will be the first time we have gotten rid of a car when it's still running well.

I'm very torn between keeping it or renewal.

Thoughts?

I guess it comes down to whether it's an only car or not. Whether it's a play thing or strictly a commuter. And whether you even like cars enough to splash serious cash...

For me, I saved up to buy a low mileage example of a 2009 car. Now I've got my dream car, I will be holding onto it as long as the funds/government let me

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By (user no longer on site)
over a year ago

"Any car dealers on here??

You guys must be laughing all the way to the bank at the moment?

So three years ago someone buys a car on PCP they pay approximately 300-400 a month, then

Chop it in for a new one.

Meanwhile the old car gets fobbed off to someone else for 3-4 years

300-400 a month.

And they still would owe ten plus grand at the end of the deal.

So a dealership is probably making money on the same car until it's about ten years old!!!!

So if id payed cash (which i couldnt afford too) id have lost 45k in 2 years.

Pcp/lease doesnt work great if your buying 5 year old when its at the bottom of its depreciation it makes more sence to get a low rate bank loan and purchase that way

But you still lost 25k doing it. "

Yes but id have lost 40k buying outright.

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By (user no longer on site)
over a year ago

"Previously we have always kept our cars and ran into the ground.

Last car we Had about 16 years.

Current one five years but it's 11 years old but still drive's fantastic.

But in order to capitalise on its reasonably high px value looking at changing, now been looking for a few months and it's doing my head in.

But this will be the first time we have gotten rid of a car when it's still running well.

I'm very torn between keeping it or renewal.

Thoughts?

My engine fell out of my last car (literally) so usually when that happens

I didn't have much that I wanted for my next car only it had to be better than the last one, can't buy a car lesser than my old one

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By (user no longer on site)
over a year ago

" Every 3 years, I get bored

Mr C"

I'm the opposite. I don't like to change because I like the familiarity of it.

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By * la carteCouple
over a year ago

Dublin

I owned my first car for 7 years (bought new), my second car for 13 years (bought as 3 year old), my third car was 12 years old. I owned it for 2 and upgraded to a 3 year old car last year. I intend to drive it until it won't go no more (which will hopefully be a long, long, long, long time

I only upgrade when repairs start costing more than the car is worth or when I feel it's really necessary.

Herself

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By *inkyeroticaCouple
over a year ago

Ampthill

"But you still lost 25k doing it. "

I prefer to think of cost rather than lost. And in the example quoted, that cost was £20k less than if he had purchased rather than leased.

Cars mean different things to people. For some, they are a necessary evil, while to others (myself very much included) they are a passion.

How much you spend is determined by your budget, your interest and your want, needs and desires.

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By *m3232Man
over a year ago

maidenhead

"But you still lost 25k doing it.

I prefer to think of cost rather than lost. And in the example quoted, that cost was £20k less than if he had purchased rather than leased.

Cars mean different things to people. For some, they are a necessary evil, while to others (myself very much included) they are a passion.

How much you spend is determined by your budget, your interest and your want, needs and desires. "

Definitely correct there. I am in to smaller fast cars rather than large ones.

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By (user no longer on site)
over a year ago

"But you still lost 25k doing it.

I prefer to think of cost rather than lost. And in the example quoted, that cost was £20k less than if he had purchased rather than leased.

Cars mean different things to people. For some, they are a necessary evil, while to others (myself very much included) they are a passion.

How much you spend is determined by your budget, your interest and your want, needs and desires.

Definitely correct there. I am in to smaller fast cars rather than large ones. "

Agree cars are my passion, i have afew retro ford classics and americans but i hate driving stuff like that day to day especially winter plus pulling up in a sierra rs500 doesnt look professional work wise.

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