With the festive season fast approaching, our pockets may be considerably lighter at this time of year but as sales of cars dry up over the winter months, the prices come down and My Car Credit believe there is no better time to start looking for a used car.
Used car valuation experts CAP have suggested that an average family car buyer could save around £500 on a car over Christmas. Whilst buying a car around Christmas time may be the last thing on your mind, car dealers still need to sell cars and you could find yourself in a strong position to get a deal on your perfect car. At no other time of year are car dealers more likely to offer significant discounts.
Many dealerships discount their cars strongly during the final months of the year in order to improve sales figures, to meet end of year targets and to clear the way for new models arriving in the New Year.
Phil Nothard, CAP’s retail and consumer specialist, said:
For many of us the idea of spending more money in December might be particularly unappealing, but the CAP figures show that it can offer some genuine savings in the long term if it’s a car you’re after.
The influence of what we call ‘seasonality’ may already be familiar to the savvier of consumers. Some take advantage of it by purchasing their four-wheel-drive in the height of summer and sell it again when others are contemplating how they’ll get through another snow-bound winter. Another trick is buying a good old ‘rag-top’ convertible when it’s cold and wet, rather than when demand shoots up with the approach of spring.
The trick is to go against the trend and buy when other people aren’t looking for the same thing – and that means December can be a brilliant time to change your car.
So, instead of waiting until the New Year and feeling the pinch of a pricier car purchase, potential car buyers could do well to act fast and look forward to a Christmas that combines the satisfaction of a new car with the knowledge they’ve made a smart saving.”
My Car Credit have access to 1000’s of top quality, used cars available updated daily from our own network of Trusted Dealers and our official stock feed provider carcliq.co.uk.
So, if you haven’t found your perfect used car at your local garage or car dealership, you can browse our vast selection of used cars. All of our Trusted Car Dealers are regularly vetted for their status with the Financial Conduct Authority (FCA), for their financial stability and their customer service standards. This means you can be rest assured that My Car Credit will provide you with the best choice of used cars, the best car buying experience and an excellent standard of after sale service.
Click here to access 1000’s of used cars via My Car Credit’s Trusted Car Search.