Used car prices have gone insane lately.
I've never been financially blessed to afford a new car and have always picked carefully when buying second hand.
I've owned my current car for 10 years and is now 22 year's old.I paid £1500 back then and by and large it's been pretty reliable. This 12 months gone though, age has started to creep up on it with a few expensive mechanical repairs needed.
Body work it's in perfect condition but it's needed alot of consumable parts and a few annoying awkward jobs to keep it going.
Im also finding it difficult to find some spares for it to, as the cars brand no longer exists.
I was considering changing it for another car for around £1500, until I saw the rubbish out there for that price.
I was shocked to see that similar cars to mine (make and model) with around the same mileage and condition were now selling for £1700.
Its crazy to think that my car has potentially appreciated in value by £200 in 10 years.
The car is nothing special but it does attract some attention due to its rarity,and the only reason why I can think its probably worth more now ( or the same as I paid for it) is the lack of cheaper second hand motors around.
I've never been one for living beyond my means by buying on the drip.If I can't afford it outright ,go without.
So I've decided to hang on to it and keep on top of the repairs as they come along. Apart from the ongoing repairs that it keeps throwing my way from time to time it's depreciated by nothing and is something that you don't see everyday on the roads.
I pity youngsters today starting out in life.Buying a small first car and insuring it costs a small fortune nowadays.They also want to go out with there friends for a drink and save up for a roof over there head all on minimum wages that so many places pay.
In reality this not going to happen for them.
In the not so distant future, Electric cars will be the only option if you want to buy new and they will be way out of the price range for most.The practicality of charging them outside your terrace house or flat will be somewhat questionable.What remains of the old fossil fuel cars will sky rocket in price as people will hang on to them for as long as possible.
Personally I think Private car ownership will be a thing of the past in 20 years to come.(just my 2 pence worth)
I've never been financially blessed to afford a new car and have always picked carefully when buying second hand.
I've owned my current car for 10 years and is now 22 year's old.I paid £1500 back then and by and large it's been pretty reliable. This 12 months gone though, age has started to creep up on it with a few expensive mechanical repairs needed.
Body work it's in perfect condition but it's needed alot of consumable parts and a few annoying awkward jobs to keep it going.
Im also finding it difficult to find some spares for it to, as the cars brand no longer exists.
I was considering changing it for another car for around £1500, until I saw the rubbish out there for that price.
I was shocked to see that similar cars to mine (make and model) with around the same mileage and condition were now selling for £1700.
Its crazy to think that my car has potentially appreciated in value by £200 in 10 years.
The car is nothing special but it does attract some attention due to its rarity,and the only reason why I can think its probably worth more now ( or the same as I paid for it) is the lack of cheaper second hand motors around.
I've never been one for living beyond my means by buying on the drip.If I can't afford it outright ,go without.
So I've decided to hang on to it and keep on top of the repairs as they come along. Apart from the ongoing repairs that it keeps throwing my way from time to time it's depreciated by nothing and is something that you don't see everyday on the roads.
I pity youngsters today starting out in life.Buying a small first car and insuring it costs a small fortune nowadays.They also want to go out with there friends for a drink and save up for a roof over there head all on minimum wages that so many places pay.
In reality this not going to happen for them.
In the not so distant future, Electric cars will be the only option if you want to buy new and they will be way out of the price range for most.The practicality of charging them outside your terrace house or flat will be somewhat questionable.What remains of the old fossil fuel cars will sky rocket in price as people will hang on to them for as long as possible.
Personally I think Private car ownership will be a thing of the past in 20 years to come.(just my 2 pence worth)
