Noz Posted April 5, 2020 Share Posted April 5, 2020 Funny how some people proclaim to predict the prices falling. When industry experts say the opposite. https://www.honestjohn.co.uk/news/coronavirus/2020-03/coronavirus-used-car-prices-set-to-soar-as-coronavirus-hits-new-car-production/ Interesting read this article. Here's to the continuation of Supra prices Quote Link to comment Share on other sites More sharing options...
Guest Rsb Posted April 5, 2020 Share Posted April 5, 2020 (edited) I don’t think Supras or similar ages cars fall into the standard used car market. The prices of ‘classic’ cars seems to rest on mileage, originality and condition. Even before Covid, it seems a lot of cars haven’t sold perhaps with unrealistic pricing. Edited April 6, 2020 by Rsb (see edit history) Quote Link to comment Share on other sites More sharing options...
Mo Reviews Posted April 6, 2020 Share Posted April 6, 2020 Funny how some people proclaim to predict the prices falling. When industry experts say the opposite. https://www.honestjohn.co.uk/news/coronavirus/2020-03/coronavirus-used-car-prices-set-to-soar-as-coronavirus-hits-new-car-production/ Interesting read this article. Here's to the continuation of Supra prices So I was right? Quote Link to comment Share on other sites More sharing options...
Noz Posted April 6, 2020 Author Share Posted April 6, 2020 If used car prices go up I'm itll happen across the board for sure. Adam. You're always right. I've never questioned this lol. Quote Link to comment Share on other sites More sharing options...
Mo Reviews Posted April 6, 2020 Share Posted April 6, 2020 If used car prices go up I'm itll happen across the board for sure. Adam. You're always right. I've never questioned this lol. Shhh you're making me blush... Quote Link to comment Share on other sites More sharing options...
WayneW Posted April 6, 2020 Share Posted April 6, 2020 I clearly see lower end prices for more "common" cars at auctions in Japan since the crisis. A good example is the Aristo from what I can see. Big jdm cars likes Supras,Skylines aren't affected at all tho. Quote Link to comment Share on other sites More sharing options...
den1 Posted April 6, 2020 Share Posted April 6, 2020 If this continues and there are many people on short time or laid off, who will have the money to buy cars & Holidays this year? Their main priority will be finding the money for their outstanding debts & Mortgage payments! Quote Link to comment Share on other sites More sharing options...
Mo Reviews Posted April 6, 2020 Share Posted April 6, 2020 If you think this will only last "this year", sadly, you're sorely mistaken. We are now in it for the long run... Quote Link to comment Share on other sites More sharing options...
mc92 Posted April 6, 2020 Share Posted April 6, 2020 If this continues and there are many people on short time or laid off, who will have the money to buy cars & Holidays this year? Their main priority will be finding the money for their outstanding debts & Mortgage payments! Yes I'm still busy and full time at work and I'm not spending much at the moment just incase. I'm sure a lot of people have a similar line of thinking. IMO it's a bit foolish to make any kind of large purchase until all this rubbish is over and done with. Quote Link to comment Share on other sites More sharing options...
peter richards Posted April 6, 2020 Share Posted April 6, 2020 only unrealistic on here lol Quote Link to comment Share on other sites More sharing options...
peter richards Posted April 6, 2020 Share Posted April 6, 2020 time this crap is over ill be retired lol Quote Link to comment Share on other sites More sharing options...
j_jza80 Posted April 6, 2020 Share Posted April 6, 2020 The things that lead to the huge surge in classic prices across the board remain, and have been exacerbated by this corona virus crisis. Very low interest rates for savers, inflated property prices, turbulent markets, gold (and other precious commodity prices) Classics (some) are desirable, relatively affordable, and a pretty safe place to put your money. Most are still poor 'investments' when costs are taken into account. Quote Link to comment Share on other sites More sharing options...
sidewaysdan Posted April 6, 2020 Share Posted April 6, 2020 It’s definitely ruff time. I’ve not worked since the lockdown. I’m a self employed network cable installer and all my jobs have ether been put back or completely cancelled . I can’t see any work coming my way anytime soon. So the money I do have will go on bills and mortgage . But I won’t be selling the supra just yet . Quote Link to comment Share on other sites More sharing options...
Mo Reviews Posted April 6, 2020 Share Posted April 6, 2020 To everyone with a mortgage; have you received any communication from your mortgage lender advising the process to apply for the government backed mortgage holiday? Quote Link to comment Share on other sites More sharing options...
AC93 Posted April 6, 2020 Share Posted April 6, 2020 To everyone with a mortgage; have you received any communication from your mortgage lender advising the process to apply for the government backed mortgage holiday? Absolutely not .. until it becomes the mortgage companies' duty rather than us consumers, we will have to contact the banks I'm not worried yet tho, still working full time on full pay Quote Link to comment Share on other sites More sharing options...
Scooter Posted April 6, 2020 Share Posted April 6, 2020 Like the virus and it's spread, we're all showing varying degrees of symptoms and we're all on different timelines, lots of us might end up where Sidewaysdan is today in a few weeks or months, unless you are a Director (and even some of them are semi clueless) or the Accountant you don't really know the extent of any cashflow effect on the company and what that means in terms of the time it can survive. Hopefully Dan gets back to work as they lighten the restrictions or an antibody test comes in, and lots of us experience just a small hit and others go through the whole thing unaffected, but I think this has the potential to affect more people negatively financially than any other event in my lifetime, as it's just so global and stifling when we've all come to rely so heavily on imports/exports and the ease of international movement of goods and labour. If anyone has to sell something in the first weeks we're officially allowed to roam again then I can see "what someone's willing to pay" leading the market if fear of unemployment has increased. Quote Link to comment Share on other sites More sharing options...
Noz Posted April 7, 2020 Author Share Posted April 7, 2020 To everyone with a mortgage; have you received any communication from your mortgage lender advising the process to apply for the government backed mortgage holiday? Yup. My bank messaged me. All of the banks I have money with have contacted me and said if I have any problems get in touch. But my mortgage provider updated my banking app to even allow quick application for those who need it. Loans too. Some are more productive than others it seems Quote Link to comment Share on other sites More sharing options...
Mo Reviews Posted April 7, 2020 Share Posted April 7, 2020 Yup. My bank messaged me. All of the banks I have money with have contacted me and said if I have any problems get in touch. But my mortgage provider updated my banking app to even allow quick application for those who need it. Loans too. Some are more productive than others it seems I too received correspondence from some of the institutions I bank with, but I felt they were only being proactive to protect themselves from overexposure to bad credit, rather than an actual effort to support their customers... aside from the mortgage/loan holiday proposed by the government, the banks appear to have done next to nothing in this crisis. Quote Link to comment Share on other sites More sharing options...
blythmrk Posted April 7, 2020 Share Posted April 7, 2020 The mortgage/loan holiday will simply be added to the amount outstanding. Are lenders still charging interest during this period? I wonder how the government is proposing to repay the huge loan they will have taken to pay all this furlough money, tax increases or a higher rate of vat? Quote Link to comment Share on other sites More sharing options...
Mo Reviews Posted April 7, 2020 Share Posted April 7, 2020 The mortgage/loan holiday will simply be added to the amount outstanding. Are lenders still charging interest during this period? I wonder how the government is proposing to repay the huge loan they will have taken to pay all this furlough money, tax increases or a higher rate of vat? A great depression? Quote Link to comment Share on other sites More sharing options...
Tyson Posted April 7, 2020 Share Posted April 7, 2020 The mortgage/loan holiday will simply be added to the amount outstanding. Are lenders still charging interest during this period? I wonder how the government is proposing to repay the huge loan they will have taken to pay all this furlough money, tax increases or a higher rate of vat? On the first point, yes it will continue to accrue interest in the holiday period which will get added to the total mortgage amount. Something worth considering for those thinking about this option but for a lot of people this will be the difference between losing their homes, so a small price to pay in the long run. Quote Link to comment Share on other sites More sharing options...
den1 Posted April 7, 2020 Share Posted April 7, 2020 So....How many months or Years will it take for things to normalize... That's if they ever do Remember ...all of this is floated on a sea of extreme currency printing. More of the same printing....and after that...what then? Quote Link to comment Share on other sites More sharing options...
Mo Reviews Posted April 7, 2020 Share Posted April 7, 2020 12-18 months for the pandemic situation and probably somewhere between 5-10 years for the economic situation. Quote Link to comment Share on other sites More sharing options...
sidewaysdan Posted April 7, 2020 Share Posted April 7, 2020 WoW I thought watching the news was depressing.12-18 months for the pandemic situation and probably somewhere between 5-10 years for the economic situation. Quote Link to comment Share on other sites More sharing options...
Mo Reviews Posted April 7, 2020 Share Posted April 7, 2020 Which one do you think is more depressing? Quote Link to comment Share on other sites More sharing options...
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