AT BMW they are now changing company lease cars every 3 mths so much is the demand for good second hand cars. They then take the cars and sell them to the dealer network, usually with only a couple of thousand miles on them.
I'm not complaining as it means I change it about the time I'd be thinking of hoovering it out these days but it does make you wonder .... who actually buys a new one? (BMW or otherwise) when manufactuers are going out of their way to supply the market with second hand stock?
New cars v month old new cars....
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HowardQ
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Most car companys have been doing this for many years, Rover (who), Vauxhall, Ford in particular, I know cos I've been buying nearly new cars like this for more than 20 years.Yam wrote:AT BMW they are now changing company lease cars every 3 mths so much is the demand for good second hand cars. They then take the cars and sell them to the dealer network, usually with only a couple of thousand miles on them.
I'm not complaining as it means I change it about the time I'd be thinking of hoovering it out these days but it does make you wonder .... who actually buys a new one? (BMW or otherwise) when manufactuers are going out of their way to supply the market with second hand stock?
It's the only way to buy them! (i.e between a few weeks and about 9 month old).
Car company management and pool cars have been like this for some time, but this also includes daily rental companies, who buy in bulk at massive discount, just keep for a few months and move 'em on with little wear and mileage.
They can often sell em on to the used car dealers for more than they actually paid for them! This is how the car supermarkets started. We get nearly new cars at silly prices, so most people win.
However, you do have to remember the reason this works is down to the high prices that private buyers have always paid in this country, with big business users paying nearer half that cost.
In most other EU countries and elsewhere, where prices are closer things are more normal. Then again most other countries have a much lower percentage of "company and Perk cars" so they need to attract more private buyers.