Be fashionable along with also buy a banger
Source : Be fashionable along with also buy a banger
After years of extolling the virtues of buying cheap used cars, I’ve found of which’s suddenly become fashionable
the auto market can appear confusing sometimes.
The various other day, I read of which everyone will be switching to brand-brand new cars on easy-peasy PCP payments while, at the same time, everyone else will be buying more bangers than ever. of which’s the auto buying world according to the auto cost peeps at Glass’s – along with also they may well be right.
So on the one hand, there are car buyers switching out of bangers into brand new cars because of which’s easy, while on the various other hand, the banger market, such as of which will be, will be booming. This specific will be unusual.
What usually happens will be the resultant oversupply of old rubbish either depresses prices or clogs up salvage yards. However, Glass’s has the stats to back up its claims. Apparently, the average auction cost for a decade-old car in January 2013 was £725, although in June This specific year of which was £875. So enough brand new buyers are entering the market to soak up the extra volume, although why?
currently I’ve been banging on about the supreme Great sense of buying used for rather a long time. of which will be actually 25 years since I gave the practice a name, which disappointingly will be not yet inside Oxford English Dictionary.
We don’t need to look at stats although can just let our eyes drift to Autocar’s ‘Bangernomics best buys’ section. There we possess the proof of which you, dear Autocar reader, have been doing the banger thing as a matter of course for some time, along with also very successfully, too.
For its part, Glass’s cites improving economic conditions, rising confidence in people to buy along with also run cars at the entry level along with also the continuing improvement inside quality of older cars.
“We see many bangers going through auction in excellent condition at very reasonable prices along with also, for many people, they make extremely sensible purchases,” Glass’s says. of which could be me talking, except I’d not necessarily recommend you buy these sorts of cars at auction. You could come a cropper.
I think Bangernomics will be, finally, a bit fashionably hip right currently. Although modern cars are more dependable, they either work or they don’t. Once they stop, of which’s as victims of Silicon Valley syndrome, along with also of which’s going to take a costly garage geek to sort of which out instead of a cheaper bloke which has a hammer. So I don’t know if Bangernomics currently needs a ‘best before’ date, or we just learn to live which has a sudden ECU-related expiry.
Which brings us back to PCPs. Owning a car before of which suddenly expires makes sense. Except of which instead of shelling out those first few instalments, buy a late-1990s Japanese car for buttons along with also begin your Bangernomics journey with pride.
by via Autocar RSS Feed