Car appreciation... the aesthetics, the engineering, etc

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?