Now Is A Good Time To lease And A Bad Time To Buy Your Car

Tuesday, 26. August 2008

Very bad news if you have bought a car or are buying it on HP but great news if you are leasing! EurotaxGlass’s has warned that used car prices will fall by at least 12% between now and the end of the year as retail demand continues to ease and the supply of second hand cars exceeds demand. The drop is around three times the drop experienced during the same period last year. The trade reported that July saw a single month drop of 5%, the largest single month drop this year. And there is no comfort for the future. EurotaxGlass predict that prices will continue to fall month on month till the end of the year and possibly beyond. Not something to worry about if you have taken your car on a PCP or lease whereby you can pass the problem over to the leasing company. Don’t say I didn’t warn you! By Graham Hill