Car prices?

[Luddite]

Thought there might be interest in this vid for those thinking of CGT relative to car purchases and their possible real world investment value....?

 

[jonttt]

Thought there might be interest in this vid for those thinking of CGT relative to car purchases and their possible real world investment value....?

lol, I could have written the script for them

 

[Luddite]

Jonttt. from your earlier post, I thought you did...(-:

I thought to post the vid as some folk, such as I may like to take in data in vid form, also lots of nice cars to look at too...? (-:

 

[stichill99]

I have a better script than Tom Hartley has,I enjoyed wearing it at the NEC classic show on Sunday and was delighted with the response from show goers

 

[Uncle Monty]

Hey Stichill , do you live in Stichill ?
I used to supply fish to a farmer very near Stichill , he had like an irrigation pond and wanted some for that.

 

[Uncle Monty]

I binged this thread yesterday , started off reading everything and then had to skim read with it being 23 pages (so far).
From a personal point , I've had to close down my 30yr old business (Trout Farm) due to various reasons , it served me very well but it was increasingly becoming harder to make a profit and as you get older (54) it becomes much harder to keep going , it's a very physical way of farming too , everything is done by you and my back and shoulders needed a rest desperately.
This now means I have to set up a new venture on the site (which I lease) and this requires a load of cash to do so it looks like I might have to sell my Turbo at some point soon , I got in touch with a well known dealer to query a SOR deal with them but they turned downed the car which I thought was strange.
It's a 2005 996 Turbo Basalt Black , Manual , Coupe with Boxster Red/Carbon interior and only 16k miles , it's immaculate all over including underneath but they said the interior colour wasn't for them!
I noticed they still had a really nice car I was really interested in still in stock and they had it back in July.
Talking with mates in other industries even in luxury boat markets, things are hard now , they're having to make big decisions regarding staff and investments.
I'm prepared to loose money on the Turbo , it's inevitable but what a car and I've had the pleasure of owning it for a couple of years. It's tucked away in an insulated shed now for the winter , salt on the roads up here so now way it's going out in that stuff.
Regarding cars as investments..forget it. Mate of mine bought a new AMG GT Black Series ( he was offered one due to other cars he'd bought) , he doesn't really drive it but anything it's made in value will be wiped out by storage costs, Insurance and wierdly it will still have to go to Mercedes for a service even though it's only done a few hundred miles. He loves it though and only told me he had it a couple of weeks ago after owning it for a couple of years ..his wife knows but no one else. It's Orange.
Enjoy these cars while you still can , "there's no pockets in a shroud"

 

[Skoosh1970]

I binged this thread yesterday , started off reading everything and then had to skim read with it being 23 pages (so far).
From a personal point , I've had to close down my 30yr old business (Trout Farm) due to various reasons , it served me very well but it was increasingly becoming harder to make a profit and as you get older (54) it becomes much harder to keep going , it's a very physical way of farming too , everything is done by you and my back and shoulders needed a rest desperately.
This now means I have to set up a new venture on the site (which I lease) and this requires a load of cash to do so it looks like I might have to sell my Turbo at some point soon , I got in touch with a well known dealer to query a SOR deal with them but they turned downed the car which I thought was strange.
It's a 2005 996 Turbo Basalt Black , Manual , Coupe with Boxster Red/Carbon interior and only 16k miles , it's immaculate all over including underneath but they said the interior colour wasn't for them!
I noticed they still had a really nice car I was really interested in still in stock and they had it back in July.
Talking with mates in other industries even in luxury boat markets, things are hard now , they're having to make big decisions regarding staff and investments.
I'm prepared to loose money on the Turbo , it's inevitable but what a car and I've had the pleasure of owning it for a couple of years. It's tucked away in an insulated shed now for the winter , salt on the roads up here so now way it's going out in that stuff.
Regarding cars as investments..forget it. Mate of mine bought a new AMG GT Black Series ( he was offered one due to other cars he'd bought) , he doesn't really drive it but anything it's made in value will be wiped out by storage costs, Insurance and wierdly it will still have to go to Mercedes for a service even though it's only done a few hundred miles. He loves it though and only told me he had it a couple of weeks ago after owning it for a couple of years ..his wife knows but no one else. It's Orange.
Enjoy these cars while you still can , "there's no pockets in a shroud"

Wow, 2005 996 turbo, must be one of the very last ones and spec sounds fantastic to me.....!!!

 

[moo75x]

Sorry to hear that story UM but its how the state of the economy is currently - I do not believe we are not in a recession, we are fed figures but look at the number of businesses closing due to difficult market conditions, how's that helping the national turnover?
I fear I may be in a similar position soon to have to decide on an alternate venture - I work in Insurance repairs but insurers are screwing repairers down that much on costs you are lucky to make pennies, if you have a complaint, that could be a week or months profit wiped out! at 49 I fear I may not have the appetite to start up again with something else and end up working for the man..............whoever that may be. My son recently had to take a job driving for a well known delivery supermarket as a stop gap between jobs as he was let go without cause, under the ridiculous employment rules thats fine these days if you havent served two years................aside the silly start or finish times the job seemed idyllic driving around the north dropping shopping off and having no hassle...................a lot to be said for that kind of a job in this climate

 

[Harryblue]

The situation reminds me very much of Carillion, I was in a senior role in another company and I knew what was happening over there, they were pretending (lying) about being fine whilst sliding off a cliff and then everyone acted surprised when they went bust apparently overnight.
I'd been saying they were going that way for at last two years before the grenade actually went off and people had laughed at me.

It feels the same now, I feel like I'm often around some very senior people talking so optimistically that they're either delusional or deliberately talking that way to try and stay afloat and pretend it's all ok, because if they don't admit how bad it is then they might just get through it.

It feels like the same thing playing out on a much bigger scale.

 

[Harryblue]

And being refused a SOR agreement on a 2005 16k mile 996 black Turbo manual Coupe with Boxster Red/Carbon interior is insane.
The market must literally be flatlined, I knew it was bad but it must mean nothing is selling.

Having said that, I saw a guy trying to sell an immaculate low mileage 996 Turbo on FB recently and he'd had no interest, he wanted £30k and people were saying it was too cheap but he was getting annoyed he hadn't even had a sniff of a sale and just people saying it was too cheap.

 

[moo75x]

nobody seems to have any money at all - we are seeing the fewer claims we get currently (people arent claiming for fear of their premiums going up or cant afford the high XS they have to try and reduce their premiums) are largely getting settled by cash in lieu so we work on the processing and get nowt..........

I was in the OPC a couple of weeks back considering a swap and thought id be getting a great deal - he told me they are still seeing strong sales, but the same cars in the showroom have been there an age! Theres that positive spin that people want to you see........................when the facts are there to see too.

 

[Skoosh1970]

I totally agree about Carillion.... i had meetings with a few directors after their demise who took positions at a few of my clients.

I work in the construction industry and have to say that whilst many branches/yards are quiet in merchanting, the direct-to-site game which is my area of expertise is starting to gain a little momentum to the point that i'm very optimistic about 2025.... as is my boss....!!!!

 

[Luddite]

I suspect that the Insurance industry is writing off more cars than they did before, given the costs of providing alternative transport, for those comprehensively insured, along with limited parts availability perhaps covid related, and much else in terms of geopolitical influences.... Then there are EV`s which it seems are written off for even less damage than the average repairable damage on an ice car, and all the reasons that may apply from the above..?

All that and the debt to gdp ratio of UKPLC, and that of the average UK household... hmm...?

 

[TurboSandGT4]

is there any good news? this thread just made me sad

 

[Harryblue]

is there any good news? this thread just made me sad

That depends on you, it's an ill wind that blows nobody any good.
I've done well from seeing this stuff and making the right steps to avoid it or take advantage of it.

If you're switched on and you understand what is happening then this is all good news.
Cars being cheaper and being able to walk into an OPC and order an RS or limited edition model without being laughed at is definitely good news.