Cars are going to be the next bubble

[Heathblue]

I’ve been forced by my firm to sell my car and buy a newer one.

I have been looking at relatively new second hand cars but the depreciation on them is often the same if not more than I can get a brand new lease for.

For example I looked at a 1-2 year old golf that I anticipate the depreciation to be circa £130 a month if bought from a dealer. For the similar price I can lease a brand new good specced Kia for 2 years, wear and tear costs and very minimal service costs.

Cars have never in my opinion been cheaper and when you can buy preregistered cars for circa 40% of the RRP, surely this is undermining the used car market.

I don’t know what the outcome will be, but something surely will give?

I bought new ceed just over two years ago, I went into kia on Friday with the intent of changing it for a hybrid forgot what the model is, riva, niva something like that but think I, ll stick with the ceed but a pro ceed, it's been a good car for me, also currently getting 49.6 MPG from it and whilst I'm an old fogey driver at 60 mph up and down the M4 the basic 1.6 engine lacks grunt when needing a quick overtake.