Quote:
Originally Posted by Baxlin
Because of such tales, a couple of weeks ago, purely out of interest, I got a WBAC.com valuation on my 18-reg Octavia (initial and unseen, of course), which was £1800 more than I paid for it in March.
On Saturday I received an email from them to say the valuation had increased...
(Still not selling though, as whatever I bought would have gone up also, unless I went for bangernomics for a while, until prices stabilised)
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And therein lies the rub, 'Baxlin'. There appears to be no middle ground. The best buys - depreciation wise - would seem to be at the extremes of the market - high
and low.
The difference, I think, lies in your last three words. The volatility in prices of sub-three year old cars will hopefully be just a short-term blip in the market, whereas (although I do not think of my V70 as one), 'bangernomics' is a proven strategy that, for us at least, has stood the test of time!
Regards, John.
P.S. Hope that you are still enjoying that three-wheeled motor-bike of yours!
J.