Second hand cars - buying tips
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With consumers these days more careful about spending their hard-earned money, the market for brand new cars has been hit particularly hard.
Dom Littlewood looked at the implications for the second hard car industry, dispelling some current fears over running larger cars and showing that there are still some bargains to be had out there.
Dom discovered the difference in depreciation between two 2006 cars of the exact same make and model, only with different engines sizes. In today's second hand market the car with the smaller engine was worth around £225 more than its more powerful cousin.
This is due to something that has been termed the 'fear factor' among buyers. Smaller cars are in big demand because the perception is that they hold on to their value and are kinder to the environment.
However, the recent petrol price drop means that it is actually cheaper to run a big car than this time a year ago. So if you want to bag a relative bargain it may be better to buy big.
Things to remember when buying second hand:
* It is always advisable to buy a second hand car from a reputable dealer.
* If motor vehicles are not your specialist area, take a friend along, or even a mechanic.
* There are currently some great deals to be had on purchasing new cars. Many models and dealers will take offers on top of large discounted offers.
* The important thing to remember is, do not be afraid to ask.
More information:
car valuation guide
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Over to you. What do you think are the most important things to look out for when buying a used car? Add your comments.
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