There's never been a better time to buy a new car - I know we've all heard that one a thousand times but it really is true this time!
Obviously car sales are at an all time low and hence the discounts are huge but many are either buying nearly new now or holding off hoping for even bigger discounts.
Firstly, their is unlikely to be any further discounts now as most are being sold at cost price already and the problem is that the worsening exchange rate and rising cost of metal is forcing manufacturers to actually raise prices even though they know it's the wrong thing to do.
Secondly, dealerships have now cottoned on to the fact that many potential new car customers have now switched to buying nearly new and so consequently you can see them all now at the auctions buying up as much stock as possible and paying premium prices - used car prices are now fetching retail values at auction!
This has swung the whole thing over again and I'm now seeing many nearly new cars being sold for the price that you could pretty much buy a new one for!
So that's why it is a great time to get yourself into a new car - take adavntage of any low rate finance deals too of course!
Wednesday, 18 February 2009
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