Used Car Prices See A Small Improvement

Tuesday, 23. December 2008

Used cars through auction in November saw a little upward glitch although the general trend, according to British Car Auctions, is a downward one with prices set to continue to struggle through 2009. Whilst the average price rose to £4,823 in November, the highest since July, the year on year value is down by £689. The interesting thing is that we all hear about the state of the used car market and we often hear of friends or friends of friends who manage to get a real bargain but where are these giveaways when we want one? The biggest discounts are still on new cars financed through contract hire which are available to all. I am currently being offered cars at up to 50% discount but my agreements mean I can’t even mention the name of the manufacturer. All I can say is look out for the deals in the new year. Don’t forget that new cars cost much less to maintain than used cars with the added security of a full manufacturers warranty. By Graham Hill