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Won't it be the car companies that suffer? Folk will just stop paying their PCPs and leases and car companies will take them back and have to try to sell them on to a non-existent market for nearly new diesels.
When times get tough the £350 a month BMW will be the first thing to go.
I reckon now is the time to stockpile all the small, petrol engined £1500 cars. It's what everyone will revert to.
The FT had an in depth article on this today, apparently in the last financial embuggerance the order of default was mortgage, credit card, car for the majority of US residents, showing that transport was the last thing that people could/would lose, quite possibly because the ability to earn money is contingent upon ability to travel.
The other aspect that is interesting is the cascade effect -as people default cars flood the second hand market, that impacts on the values which means that others who have yet to default are moved into negative equity, so when they can no longer make the payments there's almost no value in the one thing they have left to sell/there's little value to be credited against the loan by the receivers.
It's fucked, basically.
Anyway, I left a voicemail for the dealer selling the Alpina and they've not come back to me, so fuck that guy - what else should I replace the Volvo with?
Dammit-
Surprising. I guess if you're struggling maybe it's easier to find £350 a month than £1500 in one go.
The other thing that says to me the crash is coming is the spiralling value of classics. I sold a decent 1968 911S 6 years ago for £42k and it wasn't an easy sale. Silverstone Auctions just sold one for £230k.
It's going to come tumbling down soon. The question is how soon. That S might be £275k next year. Or it might be £80k...
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If I missed your earlier replies, apologies, but C55/C63/E55/E63 estates & CLS63 shooting brake all suit? I had a C32 and the violent nature of that engine was something to behold...bit old for your spec admittedly and would need work...but 4.6 0-60 and sooooangry.
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what else should I replace the Volvo with?
maserati quattroporte and a roof rack
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Anyway, I left a voicemail for the dealer selling the Alpina and they've not come back to me, so fuck that guy - what else should I replace the Volvo with?
C6 RS6 Avant. I would say that, wouldn't I, but it really is both a very silly and a very practical car. Space for many bikes, tick. Auto, tick. Silly amounts of power, tick. Potential for money pit bills, tick. It's perfect for you.
Hefty
Backsplash
hugo7
Brommers
Won't it be the car companies that suffer? Folk will just stop paying their PCPs and leases and car companies will take them back and have to try to sell them on to a non-existent market for nearly new diesels.
When times get tough the £350 a month BMW will be the first thing to go.
I reckon now is the time to stockpile all the small, petrol engined £1500 cars. It's what everyone will revert to.