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stephen
14 November 2009
I wonder why the VW exec did not mention VW finance. Most of the major car makers are having to step in to offer punters finance as the Banks would rather make 0.5% on a cash deposit in the Bank of England. Second car prices are rising due to the dearth of new car sales which will lift most boats re second car resale values. The scrappage scheme really just helps the supermini/microcar trade. The other Elephant in the room is perception. Who wants to show off that they have cash for a new car. It looks ostentatious so better to hold off till 2010. Even buying 2nd hand looks better although new car real prices are being discounted to almost the same. I can see more rental deals in the future just like the Mini E-car idea as credit will be alot more restrictive for a long time even with Banks lending...
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You are about to report a comment. Once reported, the comment will be sent to our moderation team. If the moderation team feel the comment is inappropriate, it will be removed.
stephen
14 November 2009
I wonder why the VW exec did not mention VW finance. Most of the major car makers are having to step in to offer punters finance as the Banks would rather make 0.5% on a cash deposit in the Bank of England. Second car prices are rising due to the dearth of new car sales which will lift most boats re second car resale values. The scrappage scheme really just helps the supermini/microcar trade. The other Elephant in the room is perception. Who wants to show off that they have cash for a new car. It looks ostentatious so better to hold off till 2010. Even buying 2nd hand looks better although new car real prices are being discounted to almost the same. I can see more rental deals in the future just like the Mini E-car idea as credit will be alot more restrictive for a long time even with Banks lending...
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