Best ever deals on new and used cars

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Best ever deals on new and used cars

Car dealer groups are feeling the pinch as economic conditions worsen and are cutting prices on the forecourt at the expense of profitability. Sales of new cars in the UK fell in October at their fastest rate for 17 years and were down 23% from a year ago.
Used car values are also falling rapidly and EurotaxGlass, which publishes Glass’s Guide, expects used car values to fall by at least 12 per cent by Christmas. Average used car values fell to £4,743 in October – the lowest level this year.
Whilst the fall in value of used cars may not be great news for anyone hoping to trade up, now is a very good time to be in the market for a new or used car. And if you have no car to trade-in you will be in a very strong position to achieve major discounts. Many people will be a little nervous of any large financial commitment but it may be worth seeking out a good rate on a personal loan in order to get huge discounts on new and used cars.