GTi TCR Good Investment?

[Jace]

He isnt looking to make money, just wants to be secure in not losing a shed load over a few years

Its not the best time to buy a used car with the idea of it holding value, it's slowly going back to a downward slope.

If he'd bought it maybe 18mths ago he'd have made an investment that would have held value for a few years but as the supply chain picks up & all the inflated price used cars bought by WBAC/Motorway during the lock downs are depleted the price being offered are getting less .

& then there's those who bought at the peak holding back to try & recoup some of their potential equity.

[jaceyboy]

You say that but there is still a starvation of the market, new cars are not coming through, so the second hand market is still high, I remember everyone saying as Covid hit the market would full of out of its arse, look what happened.....

[oryx3dr]

You say that but there is still a starvation of the market, new cars are not coming through, so the second hand market is still high, I remember everyone saying as Covid hit the market would full of out of its arse, look what happened.....

It’s a bad time to buy any used car, doesn’t really matter what it is. Prices are 10-20% inflated, there will be a huge correct shortly. But that being said I wouldn’t let it deter him from buying it if that’s what he wants.

[jaceyboy]

You say that but there is still a starvation of the market, new cars are not coming through, so the second hand market is still high, I remember everyone saying as Covid hit the market would full of out of its arse, look what happened.....

It’s a bad time to buy any used car, doesn’t really matter what it is. Prices are 10-20% inflated, there will be a huge correct shortly. But that being said I wouldn’t let it deter him from buying it if that’s what he wants.

I agree with that, with all the rises in living costs I think cars will crash soon, which is why im not buying yet

[Markee]

When i bought mine i was fortunate enough to have a choice of two to pick from so i could do a side by side comparison between a red and black one. What swung it for me was:

1. If i'm buying a 'special edition' car i want it to stand out as a special edition, the decals and extra trim on the black one blended in too well with the paintwork. Obviously it's subjective but on the red/white/grey everything is more noticeable, the black one does have a stealthier look about it but that wasn't what i was after. Like i said it's just a personal taste thing.

2. There was a price difference of £2.5k between them, with the black being higher. They were the same spec and year but the black one had done 9k miles and the red 15k, £2.5k seemed a lot for a difference of 6k miles! 

[jaceyboy]

This is the one he's going for, got it for £33k, its got such a huge rare spec ive never seen before

https://www.autotrader.co.uk/car-details/202205045319269?fromSavedAds=true&advertising-location=at_cars

[clarky92]

This is the one he's going for, got it for £33k, its got such a huge rare spec ive never seen before

https://www.autotrader.co.uk/car-details/202205045319269?fromSavedAds=true&advertising-location=at_cars

That looks great and a very clean example, but it doesn’t have the Akra exhaust, which coming from the good investment prospective you’d want it. If I was in the market for a top spec TCR and parting with that amount of money I wouldn’t buy one without the akra exhaust.

[jaceyboy]

That doesnt bother him because it pops and crackles without the Akra, and it could always be added later...

[willni]

I wouldn't worry about the Akra exhaust you can always put on an exhaust if you really want it, you can't add a sunroof.

Does your brother have a car to sell to buy the TCR? If yes then it really doesn't matter about car prices, the TCR may be inflated but so will his which will roughly cancel it out.

[jaceyboy]

Yep exhaust can be added, the sunroof and other extras cant, he's buying cash