Used Prices increasing in Uk
The used Crossfire prices are holding well in the uk, just been to a dealer who advised that many people are now noticing the Crossfire on roads and enquiring about it used. Values should hold well for sought after models. A friend of mine put his 53 reg Auto in the Auto trader he had about 5 calls over the weekend, and sold it today. I think as more and more people see it on the road and admire it they naturally want to find out more. What does everyone else think?
The car which was a 53 Reg in Saphire Silver with 11,000 miles sold for £18300 he put it on sale for £18495.
I don't think that's all that great considering what the car was new.
I think the prices are holding up ok for the roadster.
Paid £23995 for a brand new 05'. And the cheapest second hand 04's on autotrader are still asking £22000, which is not too bad at all.
Paid £23995 for a brand new 05'. And the cheapest second hand 04's on autotrader are still asking £22000, which is not too bad at all.
Auto express last week said the CF is the bargain of the week. BOOK price for a 53 plate with avg mileage was 19k but, dealers where struggling to get this and would bargain.
I agree, that I am seeing more on the road in Scotland. On average one every 2 weeks. Use to be 1 every 2 months.
I agree, that I am seeing more on the road in Scotland. On average one every 2 weeks. Use to be 1 every 2 months.
I've got to say that UK second hand prices are a complete joke. If you were unlucky enough to have purchased a Crossfire for £29k then you will be lucky to off load it for £17k now! The dealer trade price is £15.5k and drops £500.00 a month! Mine was in AutoTrader for three weeks and had two calls; It's in perfect condition and only 10,000 miles, it's a lemon in the resale market.
I have seen more and more reviews now saying get one of these etc for the price they are not bad. As long as good reviews are out people will automatically start searching for low mileage sought after vehicles, hence pushing prices up as demand increases. If garages push their prices up, because they know they got the interest and they have started selling, private sale prices will also adjust accordingly. The cars advertised on auto trader are those who wish a quick sale perhaps due to unforeseen circumstances. I had a M3 about 3 years ago, I paid £38k for the vehicle kept it 18 months and sold it for £30 to a dealer. Yes I lost 8k in 18 months and this was a BMW M3 that is so much talked about. People do not want to part with 38k on someone's doorstep, they rather go to dealer where they get the finance and after sales. Trust me it was a nightmare to get rid off. With the crossfire and its good reviews, recently potential purchasers will jump at the chance to buy this car for around the 20k mark used.
Luvxfire - I agree they are now a good price considering the original cost in 2003. If you only lost £8k in eighteen months on an M3 you did well! My Crossfire has cost me £14k in 18 months, I could have leased a 911 for cheaper than that.
Residuals prices in the UK are not good for most cars. The only car that work in line with a pre-determined value after 3 years for me was a Ctron Piccasso. I bought it for 11k and traded it (3 years later) for 6.5k. That's a drop of 136.00 per month. My 330ci bmw was purchased for 29k and sold for (private sale) 20.5k that's a drop of 354.00 per month. The lesson I learned is that for 90% of the cars I like and can afford have the biggest drop. That's why I am considering keeping the CF as a daily runner for years to come and buying a classic car that requires some work. Classic cars are only effected by there demand factor and usually sell for what they where purchased, they are exclusive and it will give me a new hobby.
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rampntlion
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Feb 11, 2019 08:18 AM
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