Impact of COVID-19 on motor industry?

greasepalm

jmreire wrote: »

So at 1989, its 31 years old,. and qualifies for vintage tax. What bracket is it insured under? My friend has a 1995 Toyota Corolla, which is now 25 years old. He bought it s/h about 1998, and has driven it since,,,something like 400'000 miles on it, passed its' NCT just before the virus shutdown, and it's still his daily vehicle. No bother with getting insurance. But if now if he want's (for example) to sell it, then any new driver will have problem getting insurance on it due to it's age.

Luckily garage insurance covers me for any car.

jmreire

Cyrus wrote: »

You are limiting it to the eu now

You made a baseless comment get over it and stop digging

Nope....only digging I'm doing is in the garden. Read my comment again. Sure, the stats come from the EU., but I mention the whole world as well if you read it again, just I have better things to do than searching world wide stats, which would show an even greater discrepancy than the 27 EU Country's.
Anyway, here it is again:-

"Out of the 27 member states, taking 10 years as the standard,17 have an average age of more that 10 years, varying from 10.1 to 16.9. If you were to include the whole world, I'm pretty sure that the variation would be much greater ( and taking Japan, Singapore etc as a base point ). "

jmreire

greasepalm wrote: »

Luckily garage insurance covers me for any car.

Yes, you are lucky to have it, I know the feeling, and not wondering " Am I insured or not "

jmreire

swarlb wrote: »

Okay... so, basically what you wrote is not exactly the reality, in fact Ireland is quite relaxed in many ways regarding car ownership...
As yet... "Exactly !! But I shudder when I think Budget 2021, and Covid -19.....
We have no restrictions as to how you can use your car, and I'm talking emissions based punitive charges like London for example.
Sure they have higher emission zones in London, but that does not mean that they use age of vehicle for insurance purposes. They don't, just the MOT.
We have a reduced tax rate for older cars, so rather than 'punish' people who like their cars 'old' we actually reward them.
You are speaking about classic / vintage cars, these cars, by definition, all of their "working" lives will have been taxed to the hilt based on CC, so definitely should get a break, "in their old age "!!! .
While I agree that tax rates are somewhat excessive for cars 'in between' , that's life... swings and roundabouts. While the Nr of pre 2008 cars on the roads continues to fall,they are still quite numerous, and a segment of Irish society continues to be burdened with high motor tax. The only advantage from this arrangement is that because of the high tax costs, it's now possible to buy for comparatively small money, a high class high spec car, which would have been extremely expensive to buy when new.
There are plenty of insurance companies that will insure your '20 year old car' as a classic, and not only at a reduced rate, but several cars at a reduced rate. I myself have 2 90's cars insured this way.
Sure vintage insurance is not a problem,,and you can insure several vehicles, as you have. Problem with vintage /classic insurance is that you have to meet certain condition's,
Be over 25 Years of age.
Own another car which is covered by "normal" insurance,
Mileage is limited to 10'000 Klms per year, or 200 klms per week.
This insurance is basically a hobby insurance,, and not intended for everyday normal usage. Try to get "Normal" insurance on either of your two classics, and see how you get on. ( BTW, out of my own personal interest in Classics / vintage cars, what are they? )

There are far more 'punitive' regimes around the world than Ireland...

Sure there are as in everything, And there are far less punitive one out there too.

Cyrus

jmreire wrote: »

.no other Country that I know of puts such restriction's on how long you keep a car for.

This is what you said

It was pointed out that was incorrect

Nothing more nothing less

swarlb

jmreire wrote: »

Sure there are as in everything, And there are far less punitive one out there too.

How do you type a post in 'bold type'.... ?? Does it take long ?

Stheno

swarlb wrote: »

How do you type a post in 'bold type'.... ?? Does it take long ?

Put b in brackets []then type your post and finish with /b in the same brackets

Toyotafanboi

Well lads, tomorrow is the bige day :pac:

Man your ozone machines, polish your plexiglass!

Sexual Chocolate

What's the story on travelling to a garage that's more than 5k from home from tomorrow onwards ?

road_high

Sexual Chocolate wrote: »

What's the story on travelling to a garage that's more than 5k from home from tomorrow onwards ?

Just do it. It's complete and utter nonsense.

jmreire

swarlb wrote: »

How do you type a post in 'bold type'.... ?? Does it take long ?

As Steno said, put B in brackets at the beginning of what ever you are typing, and at the end, job done, Another way is to type away until you have competed it. Then select the part you want to highlight, as I did with your post, click on the B you can see in the top left hand corner of the box surrounding this post, and the selected section will appear in bold.
If you click on the next icon, "/" all you have selected will appear slanted.
The next icon the underlined U, will underline all the selected. Etc
All of these icons when selected and clicked on, will convert the selected text to the properties of the selected icon
The upper icons, control size and color etc,
Experiment a bit, and you will see what you can do,:cool:

challengemaster

Sexual Chocolate wrote: »

What's the story on travelling to a garage that's more than 5k from home from tomorrow onwards ?

Same as the 2km limit, you can travel outside it if it's for an essential trip.

jmreire

Cyrus wrote: »

This is what you said

It was pointed out that was incorrect

Nothing more nothing less

It was not incorrect.
Quote :
no other Country that I know of puts such restriction's on how long you keep a car for. Unquote.

Yes, but what I said was 100 % correct, and I stand behind it 100% because my comment is based on my own personal experience. " That I know of "For more that 23 years, I have worked abroad for an international organization in fleet management, which includes making sure that all of our vehicles comply with the rules and regulations of the particular Country we happen to be working in. Just to give you a general idea without going into too much detail's, ( which I can do, if I have to) I've been in Africa, Asia, Middle East, Balkans, Russia,and closer to home, Switzerland, France , Germany. In none of these Country's when I was negotiating vehicle insurance has the age of the vehicle been an issue. I've never even heard it mentioned. Technical condition, driver licence and experience, yes in every Country. Even in England, age of vehicle is not an issue.
So when I said " No Country that I know " thats what i meant exactly. It is literally true, I have never seen a country apart from Ireland that use's the age of the vehicle as ground's to refuse cover. Which, of course gives a person no choice except to get a newer car, even if the existing car has valid NCT, and loads of life left in it. People driving 20 year's + old cars here and abroad is proof of that. Now if you feel like digging a bit yourself and see if you can come up with a Country where like Ireland, age is an issue for insurers, feel free., I'd like to hear of them, just in case I might find myself there someday. And next time you see something which strikes you as being "incorrect", might not be a bad idea to ask the poster, how they have arrived at that conclusion instead of jumping in with "That's incorrect"? Just an idea.

Cyrus

jmreire wrote: »

It was not incorrect.
Quote :
no other Country that I know of puts such restriction's on how long you keep a car for. Unquote.

Yes, but what I said was 100 % correct, and I stand behind it 100% because my comment is based on my own personal experience. " That I know of "For more that 23 years, I have worked abroad for an international organization in fleet management, which includes making sure that all of our vehicles comply with the rules and regulations of the particular Country we happen to be working in. Just to give you a general idea without going into too much detail's, ( which I can do, if I have to) I've been in Africa, Asia, Middle East, Balkans, Russia,and closer to home, Switzerland, France , Germany. In none of these Country's when I was negotiating vehicle insurance has the age of the vehicle been an issue. I've never even heard it mentioned. Technical condition, driver licence and experience, yes in every Country. Even in England, age of vehicle is not an issue.
So when I said " No Country that I know " thats what i meant exactly. It is literally true, I have never seen a country apart from Ireland that use's the age of the vehicle as ground's to refuse cover. Which, of course gives a person no choice except to get a newer car, even if the existing car has valid NCT, and loads of life left in it. People driving 20 year's + old cars here and abroad is proof of that. Now if you feel like digging a bit yourself and see if you can come up with a Country where like Ireland, age is an issue for insurers, feel free., I'd like to hear of them, just in case I might find myself there someday. And next time you see something which strikes you as being "incorrect", might not be a bad idea to ask the poster, how they have arrived at that conclusion instead of jumping in with "That's incorrect"? Just an idea.

so you are using your ignorance as a defence ? For such a well travelled fellow I'm surprised !

Why do you think there was some many Japanese imports into Ireland in the past ?

I've never seen someone dig so much

Why would I start looking into insurance when there are lots of other ways to disincentivise old cars in countries like expensive annual inspections or expensive licences

lalababa

I've found it very hard to get insurance for my main car over ten yrs old. Harder still over 15. Harder still over 20. The company I finally got a decent price with..when I changed from a 18yr old car on 3rd party with a value of 500 euros to a 3 yr old car on comp with a value of 12k my insurance actually went down! Makes no sense to me.

User1998

Cyrus wrote: »

so you are using your ignorance as a defence ? For such a well travelled fellow I'm surprised !

Why do you think there was some many Japanese imports into Ireland in the past ?

I've never seen someone dig so much

Why would I start looking into insurance when there are lots of other ways to disincentivise old cars in countries like expensive annual inspections or expensive licences

I’m fairly certain the reason for Japanese exporting so many cars all over the world is because their equivalent of an NCT, called a Shaken, is near impossible to pass so cars get sold on much quicker over there, nothing to do with insurance.

Cyrus

User1998 wrote: »

I’m fairly certain the reason for Japanese exporting so many cars all over the world is because their equivalent of an NCT, called a Shaken, is near impossible to pass so cars get sold on much quicker over there, nothing to do with insurance.

never said it was anything to do with insurance?

jmreire

User1998 wrote: »

I’m fairly certain the reason for Japanese exporting so many cars all over the world is because their equivalent of an NCT, called a Shaken, is near impossible to pass so cars get sold on much quicker over there, nothing to do with insurance.

Yes and then they go on for mega-miles in their new Country's.... Aside for the NCT/ Shaken, issue, price wise, it was probably more economic to trade in and buy the newer model then "repair" the older one. These cars would be only a few years old maybe just 2 or 3 and would not have had high mileage on them. I seem to remember them with 40, 50 and 60'000 Klms. This was all to do with the Japanese economy, which was amonst the strongest in the world back then in terms of exports.

jmreire

lalababa wrote: »

I've found it very hard to get insurance for my main car over ten yrs old. Harder still over 15. Harder still over 20. The company I finally got a decent price with..when I changed from a 18yr old car on 3rd party with a value of 500 euros to a 3 yr old car on comp with a value of 12k my insurance actually went down! Makes no sense to me.

That's the system in this Country...change often, and spend. Keeps the Banks, PCP, HP happy, and the Government too...Vat.

jmreire

Cyrus wrote: »

so you are using your ignorance as a defence ? For such a well travelled fellow I'm surprised !

Why do you think there was some many Japanese imports into Ireland in the past ?

I've never seen someone dig so much

Why would I start looking into insurance when there are lots of other ways to disincentivise old cars in countries like expensive annual inspections or expensive licences

No digging needed, just memory and real life experience from my job, and if that translates as ignorance to you, you have serious problems of comprehension.

macnug

So has anyone seen any discounts or expecting any this week, or do you think prices will go up from pent up demand?

macnug

macnug wrote: »

So has anyone seen any discounts or expecting any this week, or do you think prices will go up from pent up demand?

Can't imagine much pent up demand.... 10/20% of PCP customers are on finance breaks.

road_high

Augeo wrote: »

Can't imagine much pent up demand.... 10/20% of PCP customers are on finance breaks.

I would have thought higher tbh? Not to be derogatory but a lot of people on PCP in the first place are likely in lower paid, more precarious employment to start with. And can't really afford a new car!

road_high

road_high wrote: »

I would have thought higher tbh? .........

It might be but info as of some weeks ago ....... https://www.boards.ie/vbulletin/showpost.php?p=113467389&postcount=9689

Augeo wrote:

3 weeks ago BMW & VAG said approx 20%.
https://www.google.com/amp/s/www.iri...559%3fmode=amp

Approx 50,000 mortgages availing of the mortgage break iirc.

Marcusm wrote: »

That might be correct; AIB/BOI disclosed 9-12%.

galwaytt

road_high wrote: »

I would have thought higher tbh? Not to be derogatory but a lot of people on PCP in the first place are likely in lower paid, more precarious employment to start with. And can't really afford a new car!

I don't know where you're pulling that out of: I know plenty of people using PCP and they're on higher including 6-figure salaries. They see capital tied up in an asset like a car as a waste.

road_high

road_high wrote: »

I would have thought higher tbh? Not to be derogatory but a lot of people on PCP in the first place are likely in lower paid, more precarious employment to start with. And can't really afford a new car!

galwaytt wrote: »

I don't know where you're pulling that out of: I know plenty of people using PCP and they're on higher including 6-figure salaries. They see capital tied up in an asset like a car as a waste.

He said a lot of people, not all.
It makes sense that folk without thousands in the bank would find PCP great once they've income to afford the payments.
No doubt loads of folk with PCP are well off but the median salary of a PCP customer wouldn't be much over €40k IMO.

ELM327

Augeo wrote: »

He said a lot of people, not all.
It makes sense that folk without thousands in the bank would find PCP great once they've income to afford the payments.
No doubt loads of folk with PCP are well off but the median salary of a PCP customer wouldn't be much over €40k IMO.

I understand what you are getting at but I think it is not accurate for a lot of pcp customers.
Look at what is bought on PCP (apart from chape dacia yokes where you are correct), it's premium German marques with 500-750+ per month repayment. That's gonna be a fair chunk of change if you're only on 40k to begin with.

road_high

galwaytt wrote: »

I don't know where you're pulling that out of: I know plenty of people using PCP and they're on higher including 6-figure salaries. They see capital tied up in an asset like a car as a waste.

It's no more than personal observations- know people in low paid employment in new cars using PCP. There's no way they'd be able to save enough or have the capital to get into a new car otherwise.

ELM327

road_high wrote: »

It's no more than personal observations- know people in low paid employment in new cars using PCP. There's no way they'd be able to save enough or have the capital to get into a new car otherwise.

If you're not looking at a cheapo car like a dacia or something from korea, you'll need a 10-30% deposit to get a PCP deal.
Even assuming you take the minimum of 10% (often unrealistic as it leaves the monthlies too high) it's still 5-8k to get together, not an easy ask if youre on 40k.

bazz26

I wouldn't expect any immediate mad price drops or bargains from dealers or manufactures. They have literally only just reopened and will probably be watching how the trend develops over the next few weeks or months in order to see if consumer confidence comes through the doors.

ELM327

ELM327 wrote: »

I understand what you are getting at but I think it is not accurate for a lot of pcp customers.
Look at what is bought on PCP (apart from chape dacia yokes where you are correct), it's premium German marques with 500-750+ per month repayment. That's gonna be a fair chunk of change if you're only on 40k to begin with.

The folk on 40k aren't buying premium German marques with 500-750+ per month repayment. Loads of 520d are on fleet plans etc also. Company cars for reps and folk on mileage deals. Plenty of stuff from Korea is VW money.

PCP was mentioned, not PCP on premium stuff.

That said 3 weeks ago BMW & VAG said approx 20% of their PCP customers were on payment breaks.

There are plenty of 20/30k cars on PCP.

Also you are zoning in on an actual 40k salary, I said median. 40k is not too bad a salary to be fair.

ELM327

ELM327 wrote: »

............
Look at what is bought on PCP (apart from chape dacia yokes where you are correct), it's premium German marques with 500-750+ per month repayment. That's gonna be a fair chunk of change if you're only on 40k to begin with.

Every make and model out there can be and is bought on PCP. PCP isn't just for BMWs.

road_high

bazz26 wrote: »

I wouldn't expect any immediate mad price drops or bargains from dealers or manufactures. They have literally only just reopened and will probably be watching how the trend develops over the next few weeks or months in order to see if consumer confidence comes through the doors.

I wouldn't think so either. May be small savings but not huge price slashing. Will be a big push on the 202 plates I'd think. Consumer confidence is the big elephnt in the room in the coming months of course.

Toyotafanboi

We're booked out for a fortnight and that was just what we could sift through today. A lot of people are on a call back list for tomorrow. Usual lead time at this time of year would be 2-3 days. Lots of people looking for service work, not all breakdowns etc. Obviously there's a backlog but looks to be back with a bang.

mgn

Toyotafanboi wrote: »

We're booked out for a fortnight and that was just what we could sift through today. A lot of people are on a call back list for tomorrow. Usual lead time at this time of year would be 2-3 days. Lots of people looking for service work, not all breakdowns etc. Obviously there's a backlog but looks to be back with a bang.

First positive post I've seen in a while around these threads.

CIP4

Toyotafanboi wrote: »

We're booked out for a fortnight and that was just what we could sift through today. A lot of people are on a call back list for tomorrow. Usual lead time at this time of year would be 2-3 days. Lots of people looking for service work, not all breakdowns etc. Obviously there's a backlog but looks to be back with a bang.

If you book an appointment online on the VW service site does that guarantee you that slot. I got an email to say the dealer would be contact with me to confirm but heard nothing today I might give them a ring tomorrow.

Toyotafanboi

No, it just takes a chance on the slot being available (genuinely), it isn't linked to the dealers workshop software. The dealer is obliged to meet it though so I'd say you'll be grand unless a hape of people have asked for the same time on the same day. If there is pressure for appointments afternoon slots are usually easier gotten, nobody wants them, anything after 2pm.

Stheno

Toyotafanboi wrote: »

No, it just takes a chance on the slot being available (genuinely), it isn't linked to the dealers workshop software. The dealer is obliged to meet it though so I'd say you'll be grand unless a hape of people have asked for the same time on the same day. If there is pressure for appointments afternoon slots are usually easier gotten, nobody wants them, anything after 2pm.

Why does nobody want afternoon slots?

Toyotafanboi

mgn wrote: »

First positive post I've seen in a while around these threads.

Down with that sort of thing!

Toyotafanboi

Stheno wrote: »

Why does nobody want afternoon slots?

I dont know, but I'm not being sarcastic when I say generally you couldn't fill them if you offered 25% off for taking them. I think people just want **** done in the mornings.

That and it's a particular issue with the likes of Keanes LV where CIP is trying to book into. If he books a 2pm slot, his car will be ready at 4pm and then generally your heading straight down onto a gridlocked M50 to get out of there which undoes any time saving that booking a specific slot offers.

Stheno

Toyotafanboi wrote: »

I dont know, but I'm not being sarcastic when I say generally you couldn't fill them if you offered 25% off for taking them. I think people just want **** done in the mornings.

That and it's a particular issue with the likes of Keanes LV where CIP is trying to book into. If he books a 2pm slot, his car will be ready at 4pm and then generally your heading straight down onto a gridlocked M50 to get out of there which undoes any time saving that booking a specific slot offers.

I was thinking it was related to people having to take time off during the workday to drop the car off rather than doing it on the way to.work

My mechanic who's an indy to be fair will let us drop the car the evening before which is handy when I was office based

road_high

Toyotafanboi wrote: »

We're booked out for a fortnight and that was just what we could sift through today. A lot of people are on a call back list for tomorrow. Usual lead time at this time of year would be 2-3 days. Lots of people looking for service work, not all breakdowns etc. Obviously there's a backlog but looks to be back with a bang.

I’m delighted to hear it. Hopefully consumer confidence isn’t too dented and business will hold steady after the initial rush. Have businesses considered extending opening hours to cope? We are into long summer evenings and people have been off for over two months at this stage.

Toyotafanboi

We said we'd come back this week just to get a suss on it with no real idea but definitely looking at extended opening hours and weekends. We cant have a full compliment of workshop staff and maintain social distancing so if demand stays strong we'll have to do something.

jmreire

Toyotafanboi wrote: »

We said we'd come back this week just to get a suss on it with no real idea but definitely looking at extended opening hours and weekends. We cant have a full compliment of workshop staff and maintain social distancing so if demand stays strong we'll have to do something.

Shift work?

SummerK

macnug wrote: »

So has anyone seen any discounts or expecting any this week, or do you think prices will go up from pent up demand?

I had a couple of cars in my watch list and I see prices have gone up by 1500-2000 on these cars. Dealer is Audi wexford main dealer and cars are BMW 420d and 520d. I have seen a price drop of €100 or so on some other cars but I don't see significant discounting at this point in time. If there's not much shifting in coming weeks then there would be good discounts.

CIP4

Toyotafanboi wrote: »

No, it just takes a chance on the slot being available (genuinely), it isn't linked to the dealers workshop software. The dealer is obliged to meet it though so I'd say you'll be grand unless a hape of people have asked for the same time on the same day. If there is pressure for appointments afternoon slots are usually easier gotten, nobody wants them, anything after 2pm.

They rang me this morning said they are booked out for all this week. So I got an appointment for next Wednesday morning. That’s not even a Dublin dealer it’s Carlow I wasn’t expecting them to be as busy. Once I get it done next week I’ll be happy enough.

SummerK

Seat is offering 3 months payment break + 0% PCP + Upto €3000 voucher for 202 reg cars. Only Leon gets €3000 off and other cars get 1000 off. Not a great offer in my opinion because they had 0% PCP and voucher offer earlier.

bazz26

Obviously trying to shift remaining current Leon stock with the new model due very soon.

Do the fandango

I think the manufacturers have already written off 202 sales. They’ll probably rehash the offers that were available in January and do some promotion to remain relevant - but I wouldn’t hold my breath for any jaw-dropping offers enticing people who are on the fence.

road_high

SummerK wrote: »

I had a couple of cars in my watch list and I see prices have gone up by 1500-2000 on these cars. Dealer is Audi wexford main dealer and cars are BMW 420d and 520d. I have seen a price drop of €100 or so on some other cars but I don't see significant discounting at this point in time. If there's not much shifting in coming weeks then there would be good discounts.

Bizzare. Why would prices be going up? They are effectively three months older lying covered in dust in some lot!