2nd hand car price crash

I would have thought a credit crunch would result in an increase in the value of old bangers as nobody can afford newer stuff and will want to buy outright instead of getting credit e.t.c

Not that I'm an economist or anything.

Cant fall below scrap value anyway which is the end of the market I inhabit.

Well, what its going to do, is make money a bit tighter for anyone with a adjustable rate mortgage, but the people who will be in the most trouble are people with loads of credit card debt, who will see the rates go up.

The main thing is it will be harder to borrow money. So the "3 year old vauxhall, easy terms" kind of car is going to get cheaper. People are going to tend to keep the car they have got for longer, to keep down the amount of money they have borrowed.

The stuff just about cheap enough to buy with cash, which is also cheap to run, may go up in price a bit. Well, not go up.. but stop depreciating maybe.

Anything pre 1990, the average consumer wouldn't even consider as an alternative to that 3 year old vauxhall on easy credit. So I can't see it having much of an effect on us.

2nd hand car prices going down?

good news i say - for retro rides members it will can only be good - as only the ticky end of the car market is going to suffer

i don't have a mortgage, or any debts at all - so i can laugh at my neighbours who seem to snigger at my 26 year old dailydriver while they drive around in something they don't own outright, and cant afford the re-payments for

mine will be the only car in the street to increase in value over the coming years

Yep, maybe top line expensive, big engined cars will suffer but then again they always have. Low rent stuff (sub five hundred quiders) will always be in demand and I can't see that changine for a long long while.
Monty, spot on post mate: I reckon it's all down to the credit culture and dippy bints/spotty yoofs wanting the newest shape Corsa/Saxo/whatever to look the part. Why don't they do what (probably) most of us did and start out with something sh1te to build up their no claims and keep upgrading as they go along? It's also another reason these kids won't grow up to 'get' older cars like what we do.

On a slightly different note - I wonder if the recentish changes in the tax system where things are measured via an official CO² figure (or however they do it) for road tax and/or congestion charging effect prices. Will a pre-emissions figures Range Rover be worth more than one a year younger? Might people be deliberately buying older cars for tax savings?

I don't think I am alone in already having done that about a year ago - looking for a big saloon (daily smoker) prefered age was no newer than 2000 - you could see that once an emisions based VED system was in place the higher groups were ripe for hammering

the key is separation. engine and box are foundry alloy (irony ally) £350/tonne and rising Alloy wheels are £1000/tonne and if the tyres are good the local recon tyre place gives £15 each for 15" tyres. Catalyst is £50 on its own, and the rest is frag feed at £135 per tonne. Its a fiver in diesel to drive to blaydon tho.