Again, there were 50% more car sold in 2016 that in 2014. I hope you're right but my aging hunch tells me a lot of people are driving on the never-never.
Year | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
New Private Cars | 138,538 | 170,322 | 225,269 | 160,908 | 150,485 | 142,992 | 149,635 | 166,270 | 173,273 | 180,754 | 146,470 | 54,432 | 84,907 | 86,932 | 76,256 | 71,348 | 92,361 | 121,110 | 142,688 |
Sounds like 2018-2019 will be a good time to pick up a second hand car !
PCP is only an issue, in theory, when it changes customer behaviour and they buy a car they cannot afford, or would never have bought otherwise, because of it.
2016 is the first year that sales exceeded pre-bust levels. There were a few years following the bust where we seemed to lose a lot of the new car snobbery of the good times and there was more kudos in keeping an older car in good nick. That pesky cheap finance is back with a bang now though.[/td][/tr][/td]
Thanks for that. I've always felt that the real Celtic Tiger was from 1998 to about 2002.
In that period the real economy grew. From 2002 - 2008 it was just massive credit expansion. The fact that we are now approaching the heights of 2006-2008 without any corresponding growth in the real economy tells me that it's all credit again.
This. I've seen no shortage of acquaintances who used to drive 5/6/7 year old cars moving to brand new Tucsons etc in last couple of years. Did they all win a few bob? No.it's more than a coincidence that car sales jumped 50% in 2 years at the same PCPs were introduced all whilst nothing materially improved in the general economy.
More references to PCP finance being sub-prime. Are we going to go through the whole thing again, this time with cars?
https://www.theguardian.com/money/2...s-driving-us-towards-the-next-financial-crash
With Q1 used car imports up over 50% on last year, and an overall drop of 8% in new registrations, I don't think they'll be panicking yet.
That's a fair point. Kinda like that new Volvo S90 though so part of me is hoping for a shedload of them to be bought!
Is the only option to have the car for 3 years ?
After 3 years do we have to put in another 10% deposit to upgrade?
Does the payment increase/ decrease if in first year we don’t do high mileage but second year yes (as miss gunner will go back to work)?
Trying to decide what is better in the long run and if it’s a case of putting more money in to get a Credit Union or Bank loan this is an option, with the fact that the cars will be ours.
Also if you get PCP from X dealer do you have to stay with that dealer. So for example we get a Seat does that limit us to Seat or whatever cars the dealer has or can you go to another dealer with another car brand?
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