Used Car Prices to Go Through the Roof!
Sorry to everyone who was expecting Part II of our eBay buying
guide (it will now be in the next newsletter); however, the information in this email is far
too important to wait.
If you are planning on buying a used car in the near future, DO IT NOW and do not delay. Used
car values are on the rise and are set to continue to rocket upwards.
Huh? Isn't this a recession?
Exactly! The current climate means that many of those people who traditionally bought new
cars are now opting for used cars instead. And the market has struggled to keep up
What's made it even worse...
Normally, when the new registrations come out (every 1 March and 1 September) there is a
flood of part-exchanged cars that enter the market. But low sales of March's new
09-reg cars have reduced that flood to a trickle.
But what about the poor, dear car dealers?
Every car dealer I speak to is full of tales of woe about how little stock they have and how
the cars they usually buy at auction are selling for far above the recommended price.
But surely this is only happening with 'normal' cars?
Not at all. I bought a big, thirsty Land Rover Discovery for a client this week. Thankfully,
the seller had not realised that his car had actually appreciated by £2,000 since he
first started advertising it in January!
And the worst news is that it will get much worse before it gets better. People need
cars, so the prices are going to have to get VERY high before demand starts to shrink... and
by the summer prices WILL be very high.
(Still here? Quick, go grab a bargain before it is too late!)
Forever 'clutch'ing at deals,
(Founder & Owner)
OF THE WEEK
"The A5 I want MUST have Sat Nav, parking sensors, heated seats, cruise control and 18-inch alloy
wheels... and it had better be cheap too!"
How much it should have cost:
Glass's Guide = £30,000
We bought it for = £27,221!
WHY I LOVE THE...
BMW E28 5-Series
Between 1981 and 1987 this car defined the 'executive saloon'.
Today, it is still fast, comfortable and reliable... and a useable one is yours for just
£500, i.e. the whole car costs about as much money as a major service on a modern BMW.