What Size Discounts to Expect
Few things in life are more satisfying than getting
something cheaper than you expected.
But the big question is: what size discount should you expect on a used car? Hundreds?
Towards the end of last year, people were buying very few used cars, so car dealers were having
problems shifting their stock.
We had a field day! It was not uncommon for us to negotiate discounts of more than 10%.
The market has changed hugely.
As warned in one of the March's newsletters,
for most (but not all cars) prices have actually risen. This is due to a major lack of
used car stock.
I spoke with a Skoda dealer yesterday who is supposed to have 45 used cars in stock. They
currently have just 16 for sale, so as you can imagine, they weren't too eager to let
me buy one of their precious cars at a bargain 'trade' price.
Generally, for most cars priced under £10,000, you will be hard pushed to get much more than a
£500 discount. For cars between £15,000 and £25,000, if you get £1,000 off, you
are doing well.
This will vary greatly depending on whether the particular make, model and specification you
are after is in short supply or not. Of course, you can still get lucky, so remember the key rule...
If you don't ask, you don't get!