martin6 Posted January 16, 2017 Share Posted January 16, 2017 Does anyone know the reason for current high prices of used cars? For example in 2012 i purchased a 2004 BMW 330i Sport 50k miles for £6k, original price £30k Looking on a well known car trading site recently a 2009 BMW 330i Sport 50k miles is on for £12k, original price £36k Taking into consideration residual costs the 2004 car was in the right ball park, but the 2009 is way out (both 8 years old, sport version, sat nav, etc) Aren't we in a period of austerity, recession, low wages, etc?? Link to comment Share on other sites More sharing options...
sgtkate Posted January 16, 2017 Share Posted January 16, 2017 Yes, so perhaps more people are buying secondhand as they can't afford new? Therby pushing secondhand prices up. Speculation. Link to comment Share on other sites More sharing options...
geared Posted January 16, 2017 Share Posted January 16, 2017 Are you sure it's a petrol you're looking at there? Quick flick on eBay shows most Petrol 330's are under 10 grand. Only exceptions are obviously the Diesels which are a fair bit more and the convertible. Link to comment Share on other sites More sharing options...
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