We all know how expensive luxury cars can get. A comfortable, stylish, and opulent ride is bound to come at a hefty price tag. Evidently, purchasing a new BMW, Audi, Mercedes, Bentley, or Rolls Royce is a dream of many. But what if we tell you that the second-hand market provides an opportunity to get your hands on the luxury vehicle of your liking at a lower price tag. Considering the high-quality materials used in the production of luxury vehicles, the effect of depreciation is less pronounced on them. Meaning, your new best-used luxury car might be as good as new!
Before we answer which one is the best, let us first tell you why used cars are the perfect option right now. Just because you need a new set of wheels does not mean you have to go for a brand new vehicle. You can buy any type of secondhand car imaginable in the market. The used car prices initially decreased during the first lockdown, but they started to increase as the lockdown eased. The used car prices again reduced in the last quarter of 2020.
Deloitte – an audit, consultancy, and financial advisory agency – recently carried out the Global Automotive Consumer Survey. The company surveyed 1,521 motorists in the UK. They discovered that 42 per cent of those aiming to switch to an electric vehicle have a budget of £20,000 or lower. It shows a remarkable shift towards the EV realm with a lot of potential in the EV used car market. However, no one should take that step without an authentic car check in the UK.
The SMMT has released figures of Britain’s most popular car colour with the grey dominating the list. According to the study, out of the 1.63 million new cars sold in the UK last year, 397,197 (24.3%) sported grey paint followed by black (19.9%), and white (17.4%). Elsewhere, the most popular car colour 2020 list gives a familiar sense, with Blue takes the fourth spot. Subsequently, we have red, silver, orange, green – in the opposite order to 2019 – yellow and bronze.
Every car has to reach the end of its practicality one day. When that happens, you have to scrap it and inform the Driving and Vehicle Licensing Authority (DVLA) to get the car scrapped title. The DVLA issues the certificate of destruction once the Authorized Treatment Facility (ATF) completes its job.
Contrary to a decline in used cars prices with age, this year we saw an unusual rise in their value mainly due to pandemic. The demand for secondhand cars increased owing to people avoiding public transport. Moreover, people who had the jobs and money had used it to buy vehicles because they couldn’t go on holiday. Considering this situation, we advise you to stay vigilant with vehicle enquiry and run a car check before selling or purchasing a used vehicle.
The buying and selling of vehicles in the UK received yet another blow after the prime minister addressed the press on Sunday, 20 December. Due to a sudden upsurge in COVID-19 cases and coronavirus’s potential to grow swiftly across the region, Boris Johnson has introduced new tier 4 restrictions in London, the southeast and east of England.
Used car prices soared gradually since the start of the initial lockdown, back in March. Early reports hinted at a lack of demand because most people had to remain in their homes. However, the used car market dealers soon started reporting a surge in sales.
Buying a new set of wheels is a daunting task. One that can cost you big time both mentally and monetarily if not handled appropriately. For your peace of mind, you need to follow specific assessments, the first of which is the free UK vehicle history check.
While it is crucial to service your vehicle regularly, the UK car servicing interval can be different for different automobiles. Typically, the service intervals are six, nine, and twelve months. If you want to notice how long your car can go without service, check the factory-recommended maintenance schedule. You can find it on your car’s owner manual or service booklet.