When you are looking for a new car, your eyes are immediately drawn to the glittering alloys behind the sparkling showroom window. Seductive deals adorn the walls, selling you the lifestyle. You could own this beautiful new motor for X-amount per month; it’ll change your life. Before you know it you’ve signed on the dotted line.
New cars for sale in the UK are the dream for many of us. That untouched paint and new-car smell are enough to make anyone want to make that dream a reality. However, if you are on a budget just step back for a moment and ask yourself “am I getting the best deal?” This single sentence could save you thousands.
New vehicles in the UK depreciate in value as soon as you have driven them out of the showroom and onto the road – sometimes by thousands of pounds. After this, all cars continue to depreciate in value by between 15 and 20 percent a year depending on the make and model. Some brands tend to retain their value better than others.
The steepest drop occurs in the first year, which is why looking at nearly new cars for sale can be a good idea if you are looking for the best deal.
The benefits of buying nearly new
Nearly new vehicles of between one and two years old still offer the immediate benefits of a modern car. For example, they will still come fitted with up-to-date safety features that allow you to maintain peace of mind while driving. Many will also benefit from mod-cons such as built-in sat-nav systems and MP3 connectors.
The biggest advantage to purchasing a car under the age of three years is that it still remains within its manufacturer warranty. This gives you additional assurance that you are covered in the event that something goes wrong. Nearly new vehicles under three years old also don’t require the added annual expense of an MOT, which means you will spend less on the upkeep of your vehicle in those first few years than if you invested in an older model.
By purchasing a nearly new model you will often achieve a great-looking modern car with perhaps just a few thousand miles on the clock, at a much lower price than buying brand new. While your car will depreciate at the same rate as models of a similar brand and spec, you will miss out on the very steep drop witnessed by buyers of brand new vehicles. This alone can save you a great deal of cash.