You could be quids in if you buy second hand

September 10th, 2009

If you are looking for a new car and are worried about finances then why not look at buying second hand?

Online vehicle retailer Autoquake say that drivers can pick up a bargain by choosing a used model. For example an old shape Ford Fiesta on an 07 plate with 9,000 miles on the clocks could cost half the price then if you were to purchase the car new. An estimated saving of £6,000.

Chief executive officer Garry Hobson said

“As soon as a new car is driven out of the showroom, it starts to lose value.”

The group’s representative added: “If you buy used, this depreciation works for you, not against you.”

For advice on buying, selling and owning a car you can view a very informative article on Autotrader. It gives you lots of advice on how you can save money. The article is The motorists’ guide to beating the downturn.

And don’t forget, it is always a good idea to check the running costs of a car before you buy, especially the car insurance cost. Once you buy your car make sure that you hunt around and compare car insurance prices in order to get the best deal, you could save yourself hundreds of pounds.

Entry Filed under: insurance, cars