Buying New vs Buying Used, Crunch Time

December seems to be a good time to buy a brand new car. Manufacturer Dealerships are still offering big scrappage-scheme discounts and VAT is set to go back up to 17.5%, this all means new cars will be more expensive at the beginning of 2010. However, don´t rule out buying a used car just yet.

With the boom in new cars sales, used car dealerships are having to drastically reduce their prices to compete, and that means used car prices are low and there is more opportunity to haggle with prices. If you like to buy used cars privately,  a bargain is to be had. Sellers may be advertising their cars due to a change in personal circumstances from the effects of the recession. That means they could be more desperate to sell and open to greater haggling.

When you look at the options open to you, it most certainly just comes down to your budget. Some new cars dealers are offering good interest rates on their vehicles, however, can you really stretch yourself by buying with car finance? Buying a more affordable used car and not having the worry of extra monthly outgoings could be a good move in the current un-predictable economic future. One more thing worth considering is the sharp depreciation of new cars within the first few months. Buying a ´nearly-new´ car could save you around 10%.

One thing is clear, December 2009 could be the best month to pick up that car you´ve always wanted. Why not search from over 40,000 cars on visitcars today.

published: 24/11/2009