Used car prices

[fordomatic]

Originally Posted by Spammy

This is the first time a lot people have been in a recession, unemployment is 10% or higher and government subsidies only get you so far.

Do you really think used car prices will hold up?

Mate, have a look at the market, used car prices have gone up, not down. Especially in the performance car world.

[Polyal]

Originally Posted by fordomatic

Mate, have a look at the market, used car prices have gone up, not down. Especially in the performance car world.

For now, alot of people are about to be burnt unless Gov dishes out cash until a vaccine comes. If thats the case then all bets are off, this country has no investment risk.

[fordomatic]

Originally Posted by Polyal

For now, alot of people are about to be burnt unless Gov dishes out cash until a vaccine comes. If thats the case then all bets are off, this country has no investment risk.

Agreed, but I was saying in March that prices were about to plummet and then they went up but now those people don't have their 20k of super anymore sooooo maybe prices will go down this time.

I'm keen for some bargains though

[Polyal]

Originally Posted by fordomatic

I'm keen for some bargains though

Same. I like the save function on carsales..LOL

Ive been tempted to advertise the ZF at a silly price to see who would bite, but alas I CBF and dont want to add to the nonsense.

[Whitey-AMG]

Originally Posted by Polyal

For now, alot of people are about to be burnt unless Gov dishes out cash until a vaccine comes. If thats the case then all bets are off, this country has no investment risk.

Yep, won’t be long before people start realising that their super forecast needs to be severely truncated and may even need to be drawn down on heaps earlier than planned and their expected cash flow shrinks by 50%

If you still owe a lot of money by the time you need to draw down then you’re really farked...
As it stands right now any cash flow needs to be diverted urgently to debt minimisation and not on discretionary spending. GovCo will bail out of payments in March next year with no clear line of sight to what a recovery will look like as the situation is too fluid and at risk of spot restrictions every couple of months.