FinanceAcar.co.uk

Five Dates To Buy A Car In The Next Six Months

Blog post   •   Feb 03, 2011 10:38 GMT

Looking at all drivers up and down the UK, there comes a time when we all either fancy a change of car or we’re forced into buying a new car because our current model has become particularly unreliable or has broken down and it isn’t cost effective to continue to repair and maintain it.

Whilst you can often be put in a situation where you need to get a car without any warning (in the example of it breaking down), if you can plan in advance when you head out to buy a car, you can grab yourself a great bargain.

One of the aspects that you need to plan is when you’re actually going to buy it, as this can have a substantial effect on how much you can pay, whether you’re buying it outright or using car loans and the following information explains when the best times to buy a car are over the coming six months.

1. Right now - with VAT rising 20 percent on 4 January 2011, you can still find some offers that are at the old VAT rate and save yourself at least a few hundred pounds by buying your new car right now.  The price increase might not be that much if the car your buying only costs a few thousand pounds, but look at a car that costs 30,000 pounds and up and you’re going to be paying over 600 pounds more at least.

2. January - the time of the year when people are trying to save money because of the expense of Christmas, January is a fantastic time for buying a new car for the fact that as so many people aren’t planning on buying, salespeople are doing their best to turn every potential customer into a paying one, offering great deals to secure the deal.

3. End of February - new car registrations are brought out on 1 March and 1 September every year and therefore for the few weeks leading up to these dates, dealerships are trying to get rid of as much stock as possible to make way for brand new cars.

4. May - the only month of the year when there are two Bank Holidays, your bound to be able to find some type of deal during May, as a lot of dealerships up and down the country take advantage of the fact that people will be out and about over the long weekends at the start and end of the month.

5. Towards the end of the month – if you can’t wait until one of the four times above and need to go out and buy a car as soon as possible, make sure that you wait until the end of the month.

The reason behind this is that the car salespeople will be trying to get their last few sales in before their commission for that month is generated and added to that month’s pay cheque, meaning that they’ll be trying to do the best to make the sale and you’re likely to be able to grab a fantastic deal on both cash purchases and car loans.