Used car craziness...

[hirons11]

Just been searching what price I could get for my car as they’ve risen and just wondered, can I part exchange my car if I have existing finance?

I took out a personal loan a while back on 3% to pay off the 13.8% finance from the car company, so would it still work as it’s a personal loan?

As it’s now a personal loan you won’t have any problem selling your old car. Only issue is being able to afford any additional finance involved. Most loan providers will allow you to “consolidate” any borrowing you need into one new loan.

 

[overkill]

I've got a 12 year C4 with 145k miles, I do 400 miles per week, so will need to replace it soon.

Car prices are crazy, I hadn't noticed but there is no value out there now

 

[The binman chronicles]

Going to use this thread, guess it's car focused.

Anyone got any experience with the VW Passat Estate? Looking at a Diesel 2.0 tdi circa 16/17 plate. All the reviews bang on about it being a quiet refined motor. Thoughts? Any comment on economy and reliability welcome too.

Cheers

I have a 2015 diesel 2.0 TDI A3 (150 bhp) and it's a very good engine, pulls well, not noisy or with any vibrations (like my wife's 1.6 TDI). Tax is around £130 a year I believe.

The passat is a good car with a carnivorous boot. I don't think you can go wrong if it's all working when you test it.

Just been searching what price I could get for my car as they’ve risen and just wondered, can I part exchange my car if I have existing finance?

I took out a personal loan a while back on 3% to pay off the 13.8% finance from the car company, so would it still work as it’s a personal loan?

It makes no difference to the dealer re part exchange, if anything it is now easier for them as they don't have to pay the outstanding finance on the car. That will be your job to sort or carry it forward if you don't want to pay the loan off.

 

[Oasis1878]

As it’s now a personal loan you won’t have any problem selling your old car. Only issue is being able to afford any additional finance involved. Most loan providers will allow you to “consolidate” any borrowing you need into one new loan.

I guess instead of it being a ‘part exchange’ I could essentially sell them the car, then finance a new car and put on the spare ££ after paying off my loan as the deposit for the new car?

If that makes sense

 

[Oasis1878]

It makes no difference to the dealer re part exchange, if anything it is now easier for them as they don't have to pay the outstanding finance on the car. That will be your job to sort or carry it forward if you don't want to pay the loan off.

I won’t want two loans so I think I’ll sell them the car, pay off the loan, then with spare cash put that as a deposit onto next one

 

[Oasis1878]

Looking for a new ish car (probably no more than 3 years old), less than 30k miles, no more than £300 a month. Any ideas?

I should be able to put £2k at least down as a deposit which will help to reduce the monthly payments.

My first two cars have been Ford Fiesta & Ford Focus, but I’m open to changing make.

 

[Daveysgingerlovechild]

I have a 2015 diesel 2.0 TDI A3 (150 bhp) and it's a very good engine, pulls well, not noisy or with any vibrations (like my wife's 1.6 TDI). Tax is around £130 a year I believe.

The passat is a good car with a carnivorous boot. I don't think you can go wrong if it's all working when you test it.



It makes no difference to the dealer re part exchange, if anything it is now easier for them as they don't have to pay the outstanding finance on the car. That will be your job to sort or carry it forward if you don't want to pay the loan off.

Cheers mate. Yes, looking at the 190 bhp variant, but hearing good things. I have a Seat Leon with the 1.6tdi 115bhp and it's incredible on fuel but one noisy rattly car. Partly the engine (it makes a real droning racket at 70/75) but there seems to be so much cabin noise too.

I'm a bit of a tight git, so fuel consumption matters to me, but I'm also a bit fed up of road noise all the time. Sacrifice for the bigger heavier motor I guess.

 

[B17BLG]

I suppose it’s a bit like the house price dilemma really.

Your house goes up in value, great news sell it for 100k more.

Move to new home, which has also increased in value by the same ratio of value. It’s kind of a neutral position really, and just makes it harder for people to afford things when initially getting into the market, car or homes.

 

[FrenchDarrenBent]

Cheers mate. Yes, looking at the 190 bhp variant, but hearing good things. I have a Seat Leon with the 1.6tdi 115bhp and it's incredible on fuel but one noisy rattly car. Partly the engine (it makes a real droning racket at 70/75) but there seems to be so much cabin noise too.

I'm a bit of a tight git, so fuel consumption matters to me, but I'm also a bit fed up of road noise all the time. Sacrifice for the bigger heavier motor I guess.

A lot of these older TDI's, certainly the 1.6, are oil thirsty (mine was) and require a change in particle filter after 75.000 miles. Not cheap... Mine cost over 1100...

Personally, I would take a petrol engine. Fuel consumption is higher but upkeep is cheaper.

Road noise is oftentimes tyre-related. Never go for sporttypes like the Michelin Pilot Sport and consorts. Never go for the cheapest tyre either.
Ask for the quiet ones. I have Kleber-ones and I've never been happier.

 

[woomy]

Does anybody really think that prices will go back down once supply chains and supply issues are sorted?
Not entirely sure your gonna get dealerships saying, I know what's a good idea, let's drop prices 30%. I wouldn't be surprised to see these prices as the new norm.

 

[FrenchDarrenBent]

Does anybody really think that prices will go back down once supply chains and supply issues are sorted?
Not entirely sure your gonna get dealerships saying, I know what's a good idea, let's drop prices 30%. I wouldn't be surprised to see these prices as the new norm.

Yes I do. Demand for new cars is low due to long waiting times. Once stocks are back up, 2nd hand car prices will have to drop.

Once new cars get a reliable delivery time table, everything should revert back to normal.

Colleague at work ordered a Volvo V40 in november 2020. She picked it up just before Christmas... And without any of the options except rear parking sensors...

 

[Daveysgingerlovechild]

A lot of these older TDI's, certainly the 1.6, are oil thirsty (mine was) and require a change in particle filter after 75.000 miles. Not cheap... Mine cost over 1100...

Personally, I would take a petrol engine. Fuel consumption is higher but upkeep is cheaper.

Road noise is oftentimes tyre-related. Never go for sporttypes like the Michelin Pilot Sport and consorts. Never go for the cheapest tyre either.
Ask for the quiet ones. I have Kleber-ones and I've never been happier.

Indeed, tyres are a bit of a minefield. The roads make a huge difference too. There's a real patchwork around here (Warwickshire), you can go from fresh laid smooth surface to former minefield territory. Not much can be done there.

The DPFs and regens are arsepain. I do quite high mileage so I've swerved petrol for years. Might be time for a rethink, few folk are saying that the gains once you've factored in DPF issues, maintenance etc aren't that wide.

 

[The binman chronicles]

Cheers mate. Yes, looking at the 190 bhp variant, but hearing good things. I have a Seat Leon with the 1.6tdi 115bhp and it's incredible on fuel but one noisy rattly car. Partly the engine (it makes a real droning racket at 70/75) but there seems to be so much cabin noise too.

I'm a bit of a tight git, so fuel consumption matters to me, but I'm also a bit fed up of road noise all the time. Sacrifice for the bigger heavier motor I guess.

Yes my wife's car is a Seat Leon so I know what you mean. I personally hate it because of it (& her 7 speed DSG is not as refined as my 6 speed one).

No doubt the larger engine VW will be a lot smoother and quieter. On long runs it will still get into the 60's mpg wise. Mine will do 57 ish on a 300 mile round trip to Heathrow. My auto box will steal some of the miles over a manual.

 

[Daveysgingerlovechild]

Yes my wife's car is a Seat Leon so I know what you mean. I personally hate it because of it (& her 7 speed DSG is not as refined as my 6 speed one).

No doubt the larger engine VW will be a lot smoother and quieter. On long runs it will still get into the 60's mpg wise. Mine will do 57 ish on a 300 mile round trip to Heathrow. My auto box will steal some of the miles over a manual.

Haha, yes, I've got the 7 speed dsg box too. I don't mind it, not the worst auto shifter I've encountered. Looking at going back to a manual as well.

 

[The binman chronicles]

Haha, yes, I've got the 7 speed dsg box too. I don't mind it, not the worst auto shifter I've encountered. Looking at going back to a manual as well.

It's far from the worst, the old torque converter auto's are awful and this is a clear step up from those. However it's a clear step down from my wet clutch 6 speed. Yes mine needs a £225 oil change every 40k/4 years and it hasn't got that extra longer gear to save fuel economy but I take those issues gladly. Mine changes gear when I want it to and it's a lot smoother pulling away quickly.