Cars under 500010/13/2023 With used car values stable once again, it means that it's now a pretty good time to pick up a used car. only for those used values to come tumbling back down again. The car market is rarely out of the headlines and has been on a bit of rollercoaster ride in recent years with used car values rising quickly when supplies dried up in the wake of the pandemic. With the cost of living biting and a need for all of us to make our money go further, there's never been a greater need to get a good deal when you're buying a used car. Is October 2023 a good time to get a deal on a used car for sale? A used, three-year-old model in the same trim will cost around £12,000 - leaving you with a bang-up-to-date city car and a good chunk of change for servicing, insurance and aftermarket upgrades (infotainment, security etc) if it needs any. For example, a new mid-spec Kia Picanto will cost you around £16,500. New cars aren’t just more expensive, they can also lose a fifth of their value as soon as they drive off the forecourt.Īs for stretching your money further, you can buy a better version of a used car than you could for a new model. Alternatively, you might have your sights set on something that hasn’t been around for a while.Īside from the sheer amount of choice, buying a used car instead of a new car will mean you can spend less and avoid the financial hit of depreciation. You may find that a previous-generation of a current model is better suited to your needs or budget. One of the biggest reasons for buying a pre-owned car is that there’s a huge range of used cars for sale.
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