A sobering reminder (car prices)

[gbb]

2020 I brought my 2018 Mazda 3, cost was £11k.
Assisted my granddaughter today while she brought a new (to her) car, a 2019 Hyundai 130 N, really nice car, I'd actually have one...but, while we were there I mosied round the lot and found a 2018 Mazda 3, exactly the same spec as mine...£10,400.

So give or take, 2020, £11k got you a two year old car
Fast forward to now, same ish money buys you the same car but now it's a 7 year old car.

 

[si_c]

Constantly surprised when I check that Mrs C's car has only depreciated about 10% in the 9 years we've had it.

Edit to add: although she is a very low mileage user, so the car has gone from slightly above average to well below.

 

[november4]

thats why the car DIY thread is so popular, folk holding onto their main or second family cars

 

[Drago]

Glad I don't have a car and, as november4 rightly suggests, I'll be keeping my camper until one of us goes to heaven.

 

[Jameshow]

Glad I don't have a car and, as november4 rightly suggests, I'll be keeping my camper until one of us goes to heaven.

Client has a lovely Bedford camper! 84 model autosleeper! Lovely thing!

 

[cyberknight]

New car prices have increased drastically over the last few years due to the extra gubbins that they have nowadays, add in wages have increased around 20% in the last 5 years and car prices on average are closer to 40 % you can see why many are not buying a new car which means there is more demand for second hand cars so of course the dealers charge what they can get away with .
When we bought our old dacia stepway they were about £8 k new ? 7 years ago and now they are about £14-15 k

 

[Drago]

New car prices have increased drastically over the last few years due to the extra gubbins that they have nowadays,

That and the fact that most people dont "buy" a new or newish car any more. The bulk of the market rent them on PCP and are only really interested in the monthly payment, leaving manufacturers free to crank up headline price instead.

Hell,you cant even outright buy a new Corsa if you wanted one, the only means to acquire a brand new one is on PCP or a lease.