Buy used car in December: Experts
idea of spending more money in December might be particularly unappealing, but the CAP figures show that it can offer some genuine savings in the long term if it’s a car you’re after.
“The influence of what we call ‘seasonality’ may already be familiar to the more savvy of consumers. Some take advantage of it by purchasing their four-wheel-drive in the height of summer and sell it again when others are contemplating how they’ll get through another snow-bound winter. Another trick is buying a good old ‘rag-top’ when it’s cold and wet, rather than when demand shoots up with the approach of spring.
“The trick is to go against the trend and buy when other people aren’t looking for the same thing – and that means December can be a brilliant time to change your car. Our figures show that the potential savings for motorists who bought last December instead of waiting until January were significant.
Nothard said: “These savings may not seem gigantic in comparison to the overall cost of the car, but the clever car buyer knows that a few hundred pounds are not to be scoffed at.
“To illustrate that, CAP’s experts calculated some light-hearted ways that consumers could splash out on Christmas with the R9000 savings they found. Whether you want to wrap your house in 500 metres of fairy lights, deck the halls with more than 2000 baubles, or run away from it all on a Christmas Caribbean cruise, buying a used car at the right time can cover the cost.
“So, instead of waiting until the New Year and feeling the pinch of a pricier car purchase, potential car buyers could do well to act fast and look forward to a Christmas that combines the satisfaction of a new car with the knowledge they’ve made a smart saving.
“Do your research first. Would-be carbuyers can always find out for themselves what the latest car values are by using CAP’s free online valuation tools at cap.co.uk.” — Wheels24
The trick is to go against the trend and buy when other people aren’t looking for the same thing
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