I've read that people have been paying silly prices at auction - frequently above a new car's price less scrappage

And it does seem that this is percolating into the wider market

Is this a national or regional thing?

 

I just bought a nice 2002 530i sports touring with my dad, ex BMW demonstrator so FULLY loaded....every option going inc TV!!! Its 110k miles old, feels like half that, we drove 120 miles back yesterday and its a lovely car. I checked list price when new and a tickle over £40k.....he just parted with a mere £5k for the pleasure!

I'd have had it myself!!!

Nice car that.

We looked at some acutions (BCA) and found dealers paying WELL over the odds for cars....very odd as thought in the current climate, that they would be bombing out.....hey ho. we found a mint car provate and get a steal!

 

It's widely acknowledged as the side effect of the gov't's stupid "cash for plumpers" initiative.

I expect it'll all backfire once the fiat money all ends in tears...

 

I bought my mother a 1 series BMW yesterday from Sytner BMW. 3 months old, 2k miles, paid 4.5k under new list price.

They appear to still be discounting to shift cars so this paying a premium thing doesn't seem be happening around here.

 

yep

look at the price of this from the same dealer!!!!!

http://www.sytner.co.uk/bmw/search/bmw-1-s...icle&vhl=-81672

 

11 and a half large for a 4 year old boggo spec 1 series diesel, nice work if you can get it.

 

well I'm guessing Rich's mum can't have paid much more than £15K for her car, if that

so it makes the used version look incredibly expensive

 

bit more than that. But we got a very good price for her trade in so its difficult to know what the final price on the BMW was.

Either way, if her car is worth 11.5k in another 4 years time, she'll have done very, very well on the depreciation front.

 

With the weak £ a lot of cars are heading across to Europe at the moment.

90% of the enquires I have had for mine have come from the continent.

One chap is over here this weekend from Germany picking up an Aston and 2 Elises.

He is back over next weekend and wants to take a look at mine.

 

But it won't be. It will be the wrong colour/spec/mileage/brand/type etc etc
I would suspect they chasm between buy-sell spreads hasn't been so wide for a long time. Buying stock must be a real gamble for dealers at the moment so I would guess they are bidding joe public in the nuts and paying over book at auctions. Which seems to be reasonably accurate.

Any which way as a buyer you are screwed. I might sell my car at the moment but I will not be replacing it. Unless its with a bargain barge and I get to play at bangernomics.