Used cars: good time to get one! Published: 13.10.2008 | Author: pmcindoe | Category: Cars
Although the global recession may be bad news for new car salesmen Brett Cecil Jersey , it appears that their used car counterparts are set to see business boom. The impact of the global recession is one reason why buyers are turning away from expensive large new vehicles, looking instead to save cash by buying smaller 鈥榥early-new鈥?vehicles at significant savings. All that means that the used car market may well buck the recession trend, as the number of vehicles changing hands increases as people try to find a more economic model for their changed circumstances.


But although the number of UK used cars sold is likely to increase, their values are dropping, which means that anyone looking for a bargain should get to the garage forecourts now. According to industry valuation experts Glass鈥檚 Guide Carlos Martinez Jersey , a three-year old car is now only worth 38 per cent of its original list price. Glass鈥檚 believe that rapid depreciation being outdone by inflationary price rises is fuelling the drop. Despite brand new vehicle list prices rising by an average of only 2% over the last year, used car values are dropping and there is also anecdotal evidence that swingeing tax increases and rapidly increasing fuel costs are also having a massive impact, particularly on the 鈥榞as guzzlers鈥?


Despite the government agreeing to reverse their decision to impose backdated road fund licence increases on older, larger-engined vehicles; the damage has already been done. As such, larger 4 x 4 vehicles affectionately known as 鈥楥helsea tractors鈥?are being rapidly dispensed with as people switch to vehicles that are cheaper to run Kolten Wong Jersey , forcing a glut of larger second hand vehicles onto the market.


And that means those who do have cash to spare and are in the market for a quality used car should be able to bag themselves a great deal. Even prestige cars such as BMW, Audi, Lexus and Saabs can be secured for great prices. So, if you haven鈥檛 got the cash to spare but, for example you want a nearly new BMW Randal Grichuk Jersey , then BMW car finance is readily available, even in these times of financial gloom.


Furthermore, it is also important to do your homework before proceeding with car finance; understanding how it operates should allow you to be able to drive a harder bargain and at least get a few extras thrown-in or money knocked off. Or maybe you can negotiate a higher part-ex value for your old car, especially if you are upgrading to a more prestigious model.


Paul McIndoe writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.


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The Motor Industries of Germany and Britain Battle for Efficiency New Cars Buy Jedd Gyorko Jersey , Get Best Team SupportCar Finance for Everyone: Finding the Best DealCar finance: the best way to get into your new wheelsGetting that great new car with car creditAf-Ford a car you can rely onGet a good car even with bad creditTop tips for buying a new or used carVauxhall Corsa: Take a Ride With the People鈥檚 CarLicence To Drive: The Cars Of James Bond
Article Tags: bmw car finance, car finance, new car, UK used car, used car

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