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Post by flober on Nov 15, 2022 22:28:09 GMT 1
I sold my diesel Xtrail yesterday, the big surpise was the price of the second hand car market.My car was/is a 2006 with 277000 klms and was quoted at between €2500 and 3500€on la centrale depending on its state.I paid 5200€ 8 years ago.For me a result 😀
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JohnnyD
Member
Mayenne (53) When Covid allows..........Which isn't very often these days........
Posts: 1,988
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Post by JohnnyD on Nov 15, 2022 23:23:44 GMT 1
I think I may have mentioned this in another thread, but maybe not, we valued both our diesel vehicles about 3 years ago thinking of selling and decided not to, with the diesel price hike we looked again around April/May this year and the difference was staggering so we thought now is a good time to go EV so we did. Cars are in short supply currently in the UK, so the second hand market rocketed.
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exile
Member
Massif Central
Posts: 2,680
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Post by exile on Nov 16, 2022 0:52:08 GMT 1
Judging by the number of spam mails I get offering to buy my car, I think France is short of second hand cars too.
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Post by pcpa on Nov 16, 2022 8:52:47 GMT 1
I sold my diesel Xtrail yesterday, the big surpise was the price of the second hand car market.My car was/is a 2006 with 277000 klms and was quoted at between €2500 and 3500€on la centrale depending on its state.I paid 5200€ 8 years ago.For me a result 😀 What price did you actually sell it for and was it private or part exchange? It's all very well quoting La Centrale but it would be more enlightening to learn if those figures pan out in the real world.
No question that second hand prices have risen but the same is true of the vehicle that the seller will be buying to replace it, many have recieved more than they paid for a vehicle 2 years hence but I believe the actual price to move up has increased but it's impossible to quantify.
Sellers will always be seduced by an apparent high part exchange offer for their old vehicle and not question the real value of what they are buying, that has been the case since time immemorial.
€3k (average) for a leggy 16 year old car does seem ridiculous but thats to the value set that I built up in the UK, I recall when arriving thinking about buying LHD and seeing similar prices for equally aged and leggy vehicles and they were also total sheds, my neighbour was chuffed to hell to score a diesel Escort that was rotted to hell, sills hanging off scabby rusted faded paintwork with loads of bodge repaired dents, a minging dog hair filled and tattered interior, it had been to the moon and back and would not have been worth £50 in the UK even with a ticket.
The scrap value of a vehicle with alloy wheels and a catastrophic convertor is very high to a dismantler, the owner wont get anywhere near as much unless he breaks it.
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Aardvark
Non-gamer
Living in soggy 22 and still wondering what's going on.
Posts: 2,172
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Post by Aardvark on Nov 16, 2022 11:39:44 GMT 1
I would happily search for another identical Peugeot to my 21-year old when mine is taken off the road due to rust but I won't be able to. I would want to keep my old one to cannibalise for spares for its replacement but my insurance company will still want me to insure it even if it is a rotting shell kept on my own land. I have already met this brick wall with my previous car. It had an expensive fault but was very sound in all other respects but to get out from under the insurance cost I had to accept 85€ from a breaker to convince my insurance to let me off the hook. I know a lot of people manage to do it somehow but how they do it remains a secret.
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Post by flober on Nov 16, 2022 13:22:03 GMT 1
I sold my diesel Xtrail yesterday, the big surpise was the price of the second hand car market.My car was/is a 2006 with 277000 klms and was quoted at between €2500 and 3500€on la centrale depending on its state.I paid 5200€ 8 years ago.For me a result 😀 What price did you actually sell it for and was it private or part exchange? It's all very well quoting La Centrale but it would be more enlightening to learn if those figures pan out in the real world.
No question that second hand prices have risen but the same is true of the vehicle that the seller will be buying to replace it, many have recieved more than they paid for a vehicle 2 years hence but I believe the actual price to move up has increased but it's impossible to quantify.
Sellers will always be seduced by an apparent high part exchange offer for their old vehicle and not question the real value of what they are buying, that has been the case since time immemorial.
€3k (average) for a leggy 16 year old car does seem ridiculous but thats to the value set that I built up in the UK, I recall when arriving thinking about buying LHD and seeing similar prices for equally aged and leggy vehicles and they were also total sheds, my neighbour was chuffed to hell to score a diesel Escort that was rotted to hell, sills hanging off scabby rusted faded paintwork with loads of bodge repaired dents, a minging dog hair filled and tattered interior, it had been to the moon and back and would not have been worth £50 in the UK even with a ticket.
The scrap value of a vehicle with alloy wheels and a catastrophic convertor is very high to a dismantler, the owner wont get anywhere near as much unless he breaks it.
What I sold it for was in those guidelines from la centrale. It was a private sale . I have a 20 year old peugeot 206 diesel as a replacement. |
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Post by pcpa on Nov 16, 2022 19:11:25 GMT 1
I would happily search for another identical Peugeot to my 21-year old when mine is taken off the road due to rust but I won't be able to. I would want to keep my old one to cannibalise for spares for its replacement but my insurance company will still want me to insure it even if it is a rotting shell kept on my own land. I have already met this brick wall with my previous car. It had an expensive fault but was very sound in all other respects but to get out from under the insurance cost I had to accept 85€ from a breaker to convince my insurance to let me off the hook. I know a lot of people manage to do it somehow but how they do it remains a secret. Let it be a secret no longer Aardvark!
All you do is fill in one simple form and there is no cost!
There is a cost if you subsequently decide to put the vehicle back on the road, in that instance it would cost you as much (I think) as it would to pay for the carte grise were you to buy an identical vehicle.
The insurers should simply tell the customers what it is they need from them (formulaire 13576) to let them off the hook, you don't need me to explain why they don't volunteer this info!
The form can be done on line via France Connect.
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Post by flober on Nov 16, 2022 21:55:42 GMT 1
Now that is interesting. Nice one.
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