Used Car Values

[blacksline]

I was filling in the renewal form for my insurance today had to put valuation on my car. I was shocked to find the value of my car gone up in the last year.

Cars similar to mine are being sold for £9,500 on autotrader compared to around £8,000 or thereabouts mark almost a year ago

[Mr_Meeks]

Agreed, i Bought my car a year ago and can sell it for the exact same amount i bought it for in todays market.

Not many people are going to risk spending 30k on a brand new Audi any more, times have changed.

[allenmc2311]

Value this year are higher. A recent report stated there was a shortage of used cars due to the scrapage scheme, which was driving (pardon the pun) up prices

[Dark Horse]

Got mine almost a year ago too and paid far less than the market value. Quick look through AT and they're still selling for a third more, in some cases double if from a dealer!

I reckon it's the specific gear, engine and model combination though as blacksline, Mr Meeks and I all have the same 04 1.8T S-Line Multitronic with the 190 BHP engine. When I was looking, there were very few these around and those that were tended to be very high mileage.

[s4-matt]

Agree I brought my s4 just at a time when no one (except me obviously) wanted a big v8 doing 20-25mpg. You couldn't find a similar car now for £1000 more than I paid.

About a year ago I was also getting seriously worried about the residual of my a3 but this is also now worth about £1000 more than they were going for this time last year.

Also agree 'they' say it is down to a lack of nearly new cars and the fact people are going for better value second hand stock than buying new.

[rhencullen1989]

I am surprised the multichronic oops i mean the multitronic audis are going up in price considering their attrocious reliability record!!!!!!!

My 2004 1.8T Quattro S-line 190 6 speed has also risen in price, paid 7K from a dealer in jan, i reckon i could sell now for over 8K (yes its low mileage and maritious? pearl blue.