Im only 25 but as a car guy even i remember the 50 quid cars that are now asking £2500. I bought a mk5 Fiesta ZS last November for that £2500 price, a car that 3/4 years ago was a couple hundred. No idea whats gunna happen to those cars if prices crash.

Insurance is ridiculous, went up nearly 20% this renewal and that was after hunting down the best price. I do wonder if it is down to the increase in new car costs and the fact that repairs are much more complicated and expensive on new cars.

My insurance went up from £1100 to £3400 without any change to my circumstances, appalling.

Insurance is the biggest scam going. They made billions during lockdowns.

@@kevdoran9918shop around. My car insurance was 700 then I received automatic renewal of 2500. Needless to say I switched insurers and found one closer to the previous year.

I know main dealers that will not take EVs back as well. If you’ve leased on at least you can hand it back at the end of the term. If you bought one you’ve got it for live. There are Zoe’s and leafs that have been on autotrader over a year.

Totally agree - The values of new cars seem to be just bonkers nowadays... ! I don't understand it at all...

Manufacturers have started to price cars based on what is an 'affordable' monthly payment (as most people finance new cars these days). Many people don't look at the total cost of a new car as long as the repayments for a few years are affordable. Since interest rates have been increasing repayments have become less affordable, especially while many people are getting squeezed from other payments which are linked to interest rates (credit, debt, mortgage etc) also insurance. I can imagine many car manufacturers are going to find new car sales falling fast.

Don't worry when the Tesla Model 2 (or whatever it's called) reaches the market sometime next year, it'll bankrupt combustion manufactures. It's going to launch at around £22, 000, it'll disrupt the market totally

@@borjastickHouses were better made 60 years ago. Any one in the building trade will agree too. 90% of new builds are built with cost cutting in mind.

So, you basically made a bad financial decision at the time? Firstly, a monthly INTEREST payment of 45% of your pretax salary. Surely that's unwise? And a bank would not allow that now. At least not here in Switzerland. Secondly, 100% mortgage? Again no bank would allow that now. The appreciation of your asset will have made up for it. But damn. I live and work in Zurich. Together with my wife we earn approx 3x the average swiss salary. Yet it's unthinkable to buy a property unless we go way out.

@@Swixperience 100% loan to value mortgages are now readily available in the UK; granted they were not widely advertised since the 2008 crash but they existed. Some lenders pre-crash would allow you to self-certify your earnings on a 110% LTV mortgage, that in a minor part was the advent of toxic debt which lead to the crash. So people spending 40+% of their take home net salary on a 100% mortgage is more common than you would think. Differing generations have differing issues; reality is that for the last 15 years people have become accustomed to ultra low interest rate borrowing which has then been the bedrock of the property prices and general cost of living that we all see today. But no one has budgeted for that period to be over as it is now. UK inflation is stubbornly high in part because plenty out there are still recouping their losses during the pandemic and buffering for a similar event. The pandemic was the reality stress test that most people avoided thinking about when they sign their mortgage and ignore the bit that says 'can you still afford this if interests rates were 3x/4x/5x higher?'. The part that differs now I'd suggest is that in the past it was your problem and yours to sort and if you didn't you were in real trouble with the risk of losing everything; now there is a sense of entitlement that the Government or someone else should step in to solve your problem because it's someone else fault and if not you can write it all off and start again. Same goes with car financing, the harsh reality of a consequence free attitude to debt and credit management that people now have. Sam touched on a point where his father would not borrow because he couldn't afford it, people now borrow to pay off other borrowing without any relation to whether they can afford it, such has been the ease in which credit has been dished out by the banks. Personally I'm now fortunate that I have one debt which is my mortgage yet from a banking / credit perspective I'm seen as a bad customer because I don't have debt! And houses in the UK were built better then than they are now in that there were less issues structural or finish wise but they weren't thermally efficient nor environmentally friendly!

@@v4skunk739 Not true, no insulation or double glazed windows and very few had much of a heating system or anything more than a basic bathroom and kitchen.

​@@borjastickyou are wrong about the quality of houses. New builds are appealing, mould covered messed where every corner that can be cut gets cut.

I think what you meant to say was conchumers. No idea what conchumers are, but Tony seems to know a lot about them.

@@barbarusbloodshed6347 your attempt at some sort of humour at Tony's expense is very childish

Buy a 1 year old Ariel atom!!

Everything to be said for not sinking hard cash when the interest rates are getting better. Better than finance but that’s not the point. I’d you’re not used to finance then it seems a huge rip off.

A regular car (Golf GTI) was only £4k in the 80s. 😅

I can easily go out and find a decent car for £5K .

An inflation calculator provides perspective on car prices.

Yes Cars have increased in value but so have running costs while wages have simply not, now you have mortgage / broadband / tv subscription / internet storage / health insurance and food to contend with and wages have not increased in many industries to keep up, simples

£30K for an electric Corsa, £40K for an electric Astra. That is absolute insanity.

Wasn’t for me personally, subscribed for Sam and Tony’s discussion, felt like it took away from that

It was crap go watch top gear if you want that rubbish

Couldn’t agree more👍

I quite enjoyed it but it's one of their least viewed episode recently

Doesn't help when the new cars are priced nearly 1/3 more than in 2018-2020... Another reason used are holding value.

I don't think they are that high anymore tbh. Value of money has changed, everything costs more now, £1 4 years ago is not £1 today

Blame PCP's for that. Low interest rates/PCP's has encouraged people to buy expensive 'premium product' which in the normal way could never be afforded. This has allowed the manufacturers to add all sorts of pointless crap on their cars and push prices through the roof which no one noticed, because they were paying £299/£399/£499 per month

£42k in 2001 is £75k today. The car has moved upmarket somewhat in that time with the M2 slotting in underneath that. But as has been pointed out, with most people buying cars on finance, the RRP of the car is less relevant because what you are really looking at is the monthly payment, which can be totally detached considering interest rates and depreciation.

@@adogmcdizzle RRP less relevant IF the interest rates are sensible - 10%+ APR changes the ball game considerably though, especially when coupled with a hugely inflated list price... !

@@Auto_Funk yes, you are correct. To add: demand has been part of it as well, since supply chains have been restricted and customer demand has been high, manufacturers want a bit of the action when dealer mark ups become greater.

Couldn't agree more, wonder how long it'll take but the interest rate is way too high

Tony has a little bit of a clue. Sam is a clueless posho: "my dad is super against borrowing money" !? Because it's so much easier to just inherit it when you're part of a major landowning family? Sam's Uncle is Anthony Fane, 16th Earl of Westmoreland. Not that he mentions it, for obvious reasons. Heaven help anyone who takes his advice seriously. At least there's one thing money can't buy: a decent head of hair.

@@johnosullivan2017 Elon Musk bought a very good head of hair!

@@johnosullivan2017but you just sound salty & broke. If you dont like him just dont watch his videos…

@@Miz-ql3ho I'm a long way from broke. But I'll take salty. I watch car channels because I'm a petrolhead. British society is bedevilled by our wretched class system and unearned privilege. Sam Fane is an especially egregious example as he'd pretending to be a normal bloke. And now, back to Harry's Garage and Rory on Autotrader....

@@johnosullivan2017 no im not saying you are broke, merely suggesting you come across this way. Society may be broken but its upto yourself to pull yourself up, nobody will help you or me but ourselves. God bless and I’ll see you over there 💪

Changing your car for anything more expensive will only burn money on a larger scale. Run it till it drops

And the government actively pushed us to buy diesels not that long ago with cheap road tax.

Exactly. Emissions are the biggest fooking scam since the last one.

No such thing as super deal on a new car.

you cannot find a buyer for these EVs over three years old forget 10 years

Same with Tesla Model 3's as well i reckon, they're mental cheap now lol

Not surprised nobody want the Jaguar ipace, that thing is a crime against car design...

It's actually the only one I like too, so many times I considered test driving one but ultimately the world is getting more expensive too quickly and I'm just going to stick with what I have.

Its "sitting around" because Tony loves it and he's (over) priced it accordingly - there's list price delivery miles ones on AT for £97K

The financial crash is all part of their plan to implement the great reset communism. It's all to do with our usury based cancerous banking system.

The big difference between then and now is also the affordability. Back then most couples were only one earner with (normally) the wife staying home and looking after the family. Now both adults earn, so the amount that couples can afford is that much greater. Sellers of course have realised this over time and so prices have increased. Obviously this isn’t the only reason, but for a truer comparison of % of income, you need to take the couple’s income, not just a single.

@@taylor01932 I understand but when you look at the last couple of decades of average inflation vs average pay increase, households have had little choice but to have other people working within that household to bring in extra money to afford to live.

@@taylor01932 House prices are through the roof solely because of immigration. Supply and demand. No supply and high demand. Go look up who owns most properties in London, it isn't us British.

You all need to stop letting foreigners in and letting foreign buyers buy properties they don't even live in and jacking your prices sky high.

C02 is plant food bro.

I've got a Suzuki Cappuccino 660cc 3 cylinder turbo which is not ULEZ compliant. ULEZ is utter bullshit.

Interesting. Can you explain in more detail? Thanks.

Prices are not ever going down, we are headed for a total economic collapse of Europe and USA.

Big time, so many people brainwashed on EV's. Nothing about them is sustainable.

Next year 190,000 BEVs or Remote polluting Vehicles as I prefer to call them) will be released to the market. This year 60,000 released and the market is -27% and there are currently 15,000 BEVs/RPC available.

Tony is a used car dealer!

Glad you got your priorities right 🤣👍

@@brentpowell7889 haha yep!!

A lot of people couldn’t and there was a significant dip in the market as a result. Each percentage increase obviously equates to far more money when the house prices are ten time higher or more, plus the cost of living is out of control. When my Mum bought her house when I was young her mortgage and bills were one third of her net salary.