A guy I know bought a cheap Q7, it had injector problems as well as all sorts of other stuff, blocked DPF etc, he has spent 9K on it so far and it has just broken down again, that's why the big old barges are cheap.

Massive supply coming in due to people not being able to keep up with credit plan repayments.

a) theyre too dear to begin with b) Thyre too complicated with sophisticated electronics, complex suspension systems etc (my friend has a Range Rover HSE which blew a headlight bulb..it caused damage to the BCM and also required recoding (main agent.) Final cost to replace the blown bulb?? £1500..who wants that? c) parts are too expensive d) as the cars are so complex and designed with built in obsolescence in mind, they are very difficult and therefore expansive to work on e) running costs are indredibly high f) they are poser vehicles subject to the whims of fashion and purchased by posers. Fashions change very quickly in order to sow the seeds of discontent. Fools play along, thus meaning an enormous drop in residual value as last years car is an embarrassment. these are the same people who trade in their phone every year and choose their postcode for no other reason than to fulgfill a deep seated need to impress and be validated g) they are unreliable These are just a few reasons why prestige and fashion vehicles are worthless and has been the case since the dawn of time with very few exceptions.

What no one is taking about is the 50 to 6o % increase in car insurance this year

Top tip. Buy a Honda jazz and keep it forever. If you service it every year it might outlive you.

First time in years i just dont wont to get a car due to cost of living. Will just stick with my crappy car.

Car trader's attire is now hoodies, Tracksuit bottoms and trainers, Arthur Daley be turning in his grave 😂

It’s the running costs. Parts prices. Etc etc

Hi Lee, great video - love the walk arounds. Big tubs, big running costs. Cost of buying isn’t everything- still have to tax, insure, service it and drive from petrol station to petrol station. Dave Birmingham

It’s not just owning these prestige cars, it’s taxing them, servicing and repairing them along with insurance. They are just not worth the hassle especially with Ulez etc etc.

Lee, that Range Rover when you said, De twat, made me laugh out loud, brilliant,. Mark

Because the hyped market is changing.....sensible people like me got sick of cars and didn't run one for a long while then a good cheap Hyundai is all I need.....reliable comfortable and I'm many years away from even needing to look at the car market until evs and hybrids hit a sweeter price zone......keeping up with the Joneses is a mugs game with cars and I think more people are realising that

A great vid, I prefer this to the really cheap stuff. Please do more of these

Those of us that know what's coming are certainly not investing our money in cars!

Folk have short memories, prices went north at a stupid rate because of covid and supply. Now Mr Punter doesn't have the spare cash to go chasing inflationary prices and bingo, something is only worth what somebody is willing to pay for it

The visual of waving the Costa cup at the Alfa of the same colour was great.

When the main dealers of prestige cars charge £100 just to open the bonnet even before they touch a thing it’s no wonder people go elsewhere.

I think anything you find striking about the used car market is worth a video. Now you’re established (& please continue, your in depth knowledge is invaluable) please feel freer to spread your wings. Geoff Buys Cars is an inspiration. He still does old bangers and he’s a daft sod / funny, but he also talks more widely about the car industry and market. Conspiracy realism entirely optional 🤔

We are just returning back to the days of how it used to be.

It's not just the UK. Went to Manheim auctions in Melbourne last week, a 2005 Mazda 3 sold for AUD $4K, around $1K less than that 5 series! Anything diesel with the exception of dual cabs & big 4WD's is taking a big hit here as well..... Yaris's & the like, even with big mileages (even 300,000kms & up) are getting silly money as they can be put straight to work doing Uber Eats, Amazon Flex & the like

It's interesting that demand for small cheap hatchbacks on the used market is in complete contrast with manufactures stopping production of small hatchbacks and concentrating on SUVs. I wonder if they'll get caught out and small Chinese and Korean imports will take over that segment.

It’s probably been said but PCP financing has grossly inflated prices of new cars. When you hear the likes of Matt Dawson at Carwow talk through the list of options on a reviewed vehicle it’s utterly eye watering. I recall an Audi A6 where the panoramic roof was around 2.5 k (part of a pack) so the buyer would be paying around £45 a month for just that option over a 3 year PCP deal, absolutely nuts.

The nice thing with the diesel focus ST 2015 is that it’s a petrol ST with a diesel engine dropped in. Same seats. Suspension. Steering rack. Unlike a golf GTD which vs a GTI has different rack different suspension seats etc. the Ford keeps the ST drivability. The GTD doesn’t

I have a 2.7 diesel Range Rover Sport. Best car I have ever had. Brilliant off road, superb for towing, very comfortable, nice to drive, can sleep in the back, very reliable, no major faults, and does 25 mpg. I would have another any day. £2000 is an absolute steal. People will regret not buying these while they still can, when in a few years they will be forced to take out a massive £40,000 loan to buy a dreary electric car with a measly 200 mile range and a fire risk battery.

Liking your way of stopping people stealing your content. Hasn’t bothered me at all and keeps your content yours 👍

Just luv your auction walkabouts...! 👍🏾

Prices dropping fast? Please tell Cinch, Cazoo and Carshop as their prices certainly haven't.

Big cars, big bills.

Hi Lee. Nice Audi TT. Even though I hate them. There like a Ferrari. If you sneeze too hard then the bloody engine has to come out to fix anything lol. That's a Rough BMW. Even the Headlights are faded. Sorry one of my Pet hates. It doesn't cost much to sort them out. So what else is wrong...Nice colour Range Rover. I think the Silver BMW was the buy of the Night for me. Lovely up grade to the Channel. "Car U.K" in the Backround lol. Wicked Video Lee, very good. 👏👏. Keep it up. 😅 🇨🇮

My mates got a right fetish for expensive tackle, he bought an R8 last summer, 75k,he doesn't want it now and thinks he'll get his money back (!) he's just bought a Bentley convertable and a porsche cayenne this week, he's absolutely off his head, but after cancer and then a stroke he's living it large, dubi at Christmas, trouble is if he lives he'll be bankrupt.

Another great auction video Lee, that 7 series was rough 😮.....top work yet again ....👌👍

The TT wheels looked ridiculous side on, must have been awful to drive😮

I think the ST TDCi's are underrated. Cheaper tax, better MPG and torquey.

Great one Lee. I'm waiting for video about CLS

Great auction video as always, I look forward to these. Quick question, at the pre-auction walkaround you chatted about a silver or white Audi Q5 but it was not shown going through the auction, would you happen to have made a note of the bidding price and how it compared to CAP book prices, thx?

Expensive cars are expensive to maintain. So an initial good buy becomes a nightmare when it comes to service and repair, especially Landrovers, which break down all too often. People have realised this and generally won't take the risk these days.

Good idea with the watermark. I've started seeing your footage on tiktok!

Great video bud, was great to meet you, I'm embarrassed that we entered into the BM bidding war but my son really wanted it, I thought 6 k max as it was a mucky car, 8k plus fees is way too much, had a go at the same car at anglia car auctions, went specifically for it, when it started up, we'll it was like a pressure washer of blue smoke out of the back, did 6100,but knackered and cat d.

The thing is yes you can get a Merc or BMW for a little more than a little Yaris or Fiesta but the costs are worlds apart to maintain, and right now, people want to play it safe, bring on the next video.

All the people who wanted a range rover have now owned one, and will never buy one again.

Agree with you about red cars. I had focus zetec 2012. Putting aside the issue about wetbelt the metalic candy red paintwork was made for this model.

A good tip if your bidding on line and no one's bidding in the room, then it could mean the room have seen the state of the car.those bm 7 series is a big old car, you could have a sponsored walk around that.

These executive cars are too expensive to run and have loads of features, meaning more to go wrong so dealers don’t want to gamble on them.

My partner been quoted,,25 thousand for insurance ,or 500 quid a week 😮,,,you can't give them away soon 😅

Yep, I was thinking of upgrading a little while ago, but now, certainly for the forseeable future, I think that I'll stick to my 66 plate 1.25 Kia Rio which I've owned outright for the past 5 years.

cause people are getting poorer in this country. wages haven't increased, but, everything else has doubled in price, so, not many people with lots of cash unless, they have something dodgy going on

Great Lee, keep the videos coming

Love the videos. Think it shows people don't want expensive cars due to the running costs and parts price, till they have spare money in there pockets

Repair bills simple as. These modern beasts are only a second away from a 20k bill. Audis, watch vagtechnic you’ll see it doesn’t take a big issue to require an engine out. And constant push for emissions/economy has caused the designs of engines to be so immensely complex that they fail, and when they do, immensely expensive to fix.

Nice channel, as most of our cars in Cyprus are from UK, only difference here is they get them cheap & think they selling gold on wheels when landed, vans on the other hand especially the small ones have doubled in price! Anyone got a small van for sale?

I’ve got an E320 cdi and do about 25000 miles a year it’s a cracking car 👍

Lee got to beg to differ ! had a 2008 Merc CLS absolute nightmare 🤔 Where do we start, i know the engine, 3.0 V6 Diesel when it runs is a great lump ;-) Then one day it don't perform ;-( ...............The cold start 🤭🤭 Never again returned to the trusty Honda 2.2 Diesel CRV 👍👍👍👍

Can’t wait for all these repossesed cars coming down the track cos people can’t afford the HP, there will be cars as cheap as chips this summer 😉

When it entered the hall that red Audi TT looked like Noddy's car from an Enid Blyton story. The wheels are absurd...

It's ok buying the like of an evoque but if you can't do the important maintenance items stick with a vw polo , it will still get you to the shops and back

Another great insight into the world of car auctions from a traders view Lee.

Probably reality. Those 10 year old luxury cars are at the age when they start costing big money. Which people don't have.

Like the Chanel pre do a piece on ford power shift gearbox. I had a 2014?mondeo.3 gearbox repairs in 10 months. When so called overhauled. They just fix problems. But so many things go wrong with them. One devote a episode to it

As an Alfa fan they depreciate like a lead weight which means a 5 year old one is less a quarter of the new price. The rest of the big Merc, BMW, Land Rover models are too expensive to begin with an are usually financed to the hilt, when the finance deal ends the people can't afford the balloon payment are throw it back in and get another.

If ur not phased by the cost of road tax or insurance and running costs,you can get a lot of car for little money. It's sad as they're the best cars. Unfortunately not many can afford to run them. Real luxury cars for peanuts. And they're still running sweet,more than can be said for a lot of today's newer cars that will have half the shelf life.

I drive a wee 55 plate Astra which i bought two summers ago for £800. Thought it would do me a year, until the prices started levelling a bit. Ive did water pump, tyres, discs and pads and its going in to get the front calipers changed as ones sticking. General maintenance but cant grumble as its not been heavy on my pocket. I could afford to go out and buy something nice, but im not paying over the odds, so watching with interest to see how the markets going. Especially with the slightly premium cars.

Another great video Lee, is this because of parts going up in price since covid , my mates a mechanic and has been since leaving school he's told me certain customers are not servicing their vehicles due to high cost of parts

That paint on the 730d was shocking! 😂

Because the cost of money has been low for years compounded by finders willing to lend with v little equity in belief prices will either rise (bizarrely for a wasting asset) or not fall overly. We are reverting to normal where cars (not the collector stuff) are doing what they do and are depreciating, funding costs higher plus more equity reqd. Insurance costs higher too. Adds up to huge falls in asset prices which has much further to go. Sorry!

Renault Megane 2007 2.0 TDi GT, 104,000 on the clock…nae ego, my car, just did Lancashire to Newcastle via Carlisle and back again same day, smooth, gr8 mpg, 175 bhp, rough n ready but my car ❤it😂

Astounding but worth a punt on a few of those… Still cheaper than most annual rail season tickets to London.

Hi Lee Great video again 👌🏻 I am actually looking for a prestige 7 seater for the family car. My preference is a discovery preferably approx 2020 reg with low a mileage as possible. What auction would you recommend and roughly what price range would I be at? Ps I’m based in Glasgow but willing to travel. Any help would be great. All the best 👍🏻

Prestige cars are great if you buy a really old one without all the modern gizmo bullshittery - like my 40 year old Rolls-Royce Spur that's still running like buttered silk - 140,000 odd miles and just about run in now. For that marque and Bentley the spares (genuine, OEM and aftermarket) are readily available. Simple to maintain (spanners and screwdrivers mainly and admittedly a heavy duty lift because it's a little under 3 tonnes) no modern computerised tricky stuff just fuses and relays, the oldest and cheapest car I've ever insured (inflation adjusted). Bought at auction with all the caveats (which i didn't follow properly but got away with it) and maintained by my local garage. But I guess the gods were smiling on me. Overall the cheapest car I've ever owned (my 20yo runabout costs me more to maintain) and 1/3rd to 1/6th the capital cost of a new showroom model which would be tied to exorbitant parts and service costs. Plus there's nothing on four wheels to beat following the winged lady down the road.

That silver 5 series and merc were good value,,lot of car for the money,good content as always Lee.

People still out there have money. Always amazes me can't find money to buy new cars or pay bills etc yet goto most shopping centres particularly at weekends. Still plenty of Tesla's, Ranger Rovers etc in the parking bays and the places are heaving.

I just bought a 10 plate Jag xf Portfolio - I think it was about 45k new. I knew it had some electrical gremlins, I love that sort of challenge. Ok, there were a few more things wrong than I had expected but I am nearly done with it now. The car cost 1550, by the time spending is finished it will be about 2100. It needs a new door lock - 25 quid but several hours to fit, that sort of thing drops it's value massively as most people these days would not tackle such a job. The biggie was water damage to the rear bcm, Jag would have replaced and reprogrammed at well over 1200 plus the vat, it cost me about 8 inches of wire, a soldering iron and an hour of my time. I have mainly owned what I call ex-prestige cars ie ones that are too old or too knackered to be considered prestigious any more. I will continue doing so.

3:54 they are original wheels on that tt. Had one at my Audi dealership today

Liked.....now i will watch!

Thanks for doing a video on these types of cars…. I no it’s not what you buy but maybe every now an then you do a video like this.

Great show 👍I live in the south of Spain, do you get many LHD’s going through the auctions , cars are crazy prices down here thanks 🙏

I don’t blame you doing the watermark to many people using your content 👍

Nice one Lee 🙂🔧🎥✌️

Range Rover insurance is a post code lottery Lee just paid £628 fully comp with All the extras breakdown etc for a 3.0sdv6 L320 Sport hse 12 plate I'm 57 with 10 years ncb bs31 area between Bristol and Bath excellent podcast as usual mate

I think that deep burgundy looks good.

A touch steep that 7 series limo BMW. When you caught the angle for the paint work on the nearside is was really poor. Probably need to do a full respray, however, at the price it went through it could be broken for more money. The tax on vehicles is killing the game. People now seek cheap motoring, cheap tax, insurance and mpg.

This was happening in the USA a few months ago

I have a 2004 Polo 1.4 Auto 87K and the value of it is still the same as it was worth when I bought it in 2018 with 36K on it. I'd love a big Merc or BMW but I know I couldn't afford the running costs. Probably like most people which is why the small autos like mine are holding their money. I'd love a bigger car and I'm bored of mine but barely enough cash to fix this one when it breaks.

20:52 Squeaky RR passenger side rear wheel looked “odd”? Suspension problem perhaps.

Excellent video well done

The large rises in road taxes especially this year and next year will affect older large and high CO2 vehicles values badly. Look at Paris, increasing parking cost x3 for SUV's. The Governmemt is also intent on forcing older petrol and diesel cars off the roads. Many will face road tax of over £400 by April 2025.

Good going lee

Ive had an Audi TT for last 6 years its been a great car .and very reasonable to run . Id have another no problem .

Great video

I will be the Lamp that gets hammered. The reason why these cars are no longer fetching the value they once had is more related to the reason on WHO use to buy them and WHY they no longer care to own them. Sure, there is a sign of an economic downturn. But that's not the real reason. Its that these cars are no longer fun to own anymore. The government seems to tax you more for owning one of these cars. And then the very reason why people purchased them was to take part in the lifestyle of the car. That Lifestyle of the car had a LOT to do with WHO you had in your life and by your side. With that no longer being the case, there is no incentive to keep these cars. Nor is there any real attachment to them since what most people got out of it was bad memories.

Hello people, hope you are all doing well ❤

Lee I recently bought a JS2000 off your advice and one of the handy things i wanted this for was the ability to connect 12v items such as tyre inflators to the pack. on the box it shows the adaptor. in the box nothing. the distributor you linked in your description were no help they just say its not available or use my own adaptor. topdon do not appear to list it on their website as an accessory etc. any ideas where to get one from? im sure its a function you've mentioned using before?

That burgundy was a pre-war Alfa racing colour.

DE-TWATING that made me laugh 😆

I am a car tec and at the garage I work for we call them a money pit 😂 good for us lol

Surely the 2018 M2 was bargain of the day,liked the de twating

The trouble with car woo, just like all other car sites is they want your car for nothing, If you have a good car full history , no hp , then why give it to these robbers , sell it your self private -ly.

My best mate's next door neighbour bought 2007 Range Rover 4.4 TDV8 a few years back. He had to spend £7k on remedial works (including a reconditioned gearbox) in less 18 months. They may be cheap now but they're still like £70k cars to maintain (even if solid) and are 12 years older and far less reliable. That's why no one wants the fuckers especially if they're diesels.

As to the question, it's because that's what the cost, now it's about value. Big difference.

I bought an old E Class 18 months ago for a grand, it's currently on 235,000 miles, so far it's not been a minutes bother. Remapped so goes like a stabbed rat. The thing with buying that sort of car is to have so little invested in it that when it does go pop you can walk away and you've lost next to nothing. It does help that I can work on it myself but it is a lovely thing to waft about in.

Just seen a article on the daily express website.