Gumtree share their top tips for buying second-hand cars
We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info
Generally, there are two time periods when it is best to buy a used car – August and September as well as February and March. September and March come just after new number plates are introduced, but many drivers also tend to part exchange their old cars for new ones.
This means a lot of dealers may find themselves with an abundance of used cars that they may want to shift and would consider a more favourable price.
Similarly, another great time to buy a used car is just before the number plate refresh in August and February.
In the run-up to the plate changes, dealerships often clear out old stock in expectation of a forthcoming flood of cars.
With limited space on the forecourt, they’ll often take a lower price to clear some real estate.
These may be the best times to buy after a year where average used car prices were almost 30 percent higher in November than a year ago.
According to online retailer, Auto Trader, Buyers would have paid an average of £13,504 in 2020 and are now charged £17,366 on average.
In November, used cars were selling 13 per cent faster than they were two years ago, remaining on the site for an average of 28 days compared to 32 days in November 2019.
Some experts have predicted that the global shortage of semiconductors could continue until 2024.
Drivers warned of car theft rise with catalytic converters at risk [WARNING]
Drivers slam low traffic neighbourhood over ‘gridlock’ fears [INSIGHT]
All car tax zones set to launch in 2022 – is your area on the list? [IMPORTANT]
This could see used car prices increase even further with a continued delay on new vehicles.
James Fairclough, CEO of AA Cars, told Express.co.uk that used cars would continue to sell.
He said: “The used car market is incredibly busy at the moment.
“Some people are spending their lockdown savings on a used car, while others who were planning to purchase a brand new vehicle are experiencing longer waiting times due to supply shortages and so are buying second hand instead.
Save 10% on your MOT
It’s Kwik Fits’ Midsommer Madness sale and you can take 10% off your MOT Test with the UK’s #1 MOT tester – just click the link to book online.
Source: Read Full Article