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Values of cars (not just currently...)


Dick Longbridge
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The value of used cars has definitely been increasing faster than average wages/inflation.  In some ways its about time, used cars in the UK have been absurdly cheap forever, and in other ways its slightly alarming because I'm one of those people that rely on cars costing less than a month's rent when I need/want a replacement.  One positive to the increased value of used cars is that the aftermarket tends to step up and actually start providing parts because the vehicles are now deemed financially viable.  This is invariably balanced out by the quality* of the aftermarket parts.

As to the original post, yes, newer used cars are realistically more expensive now than they used to be, across the board.  It now seems much more common for cars to be cheap for an expensive reason, rather than cheap because they're undesirable.

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16 hours ago, vulgalour said:

As to the original post, yes, newer used cars are realistically more expensive now than they used to be, across the board.  It now seems much more common for cars to be cheap for an expensive reason, rather than cheap because they're undesirable.

Many more modern cars have their greasy bits packed in so tightly often there is no other way to do a job but to drop the whole front assembly. So that's one-two hours labour to get it out the car and the same to get it back in - that's £200 at least. Part which needs replacing could only be £50 but getting to it, then telling the car's computer that part x has been changed. Then oil & sundries which may be needed after are not cheap any more, even at wholesale costs.

Add at least 1/3 again if main dealer.

My dad's 2006/7 Discovery 3 needs a belt changing. It's at the back of the engine near the gearbox (I think it's the suspension pump) The official JLR way to change the belt is body off - all that for a £40 part.

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