Saving money on great cars has never been so easy. If you have no pre-conceived idea of the car that you want, and you are open minded regarding what you will drive, you may well emerge from the used car sales with a significant saving. One of the quickest ways to find a car is through sites such as Motors who provide a huge range of cars which you can purchase for cheap rices.
If you pinpoint a specific make and model you can still walk away with a saving but it is always wise to peruse the multitude of adverts with an open mind when studying used cars for sale.
On the other hand you could research depreciation rates. The Kia Picanto tops Parker’s list of cars that retain their value the best, losing just £1,247 in the first year. This still amounts to a 20% drop and the insignificant loss is largely due to the cars low retail price. On the surface, the biggest losers tend to be the luxury cars due to their high prices. The lowest depreciation rates are found in small low value cars like the Picanto.
When thinking about used cars for sale, bear in mind that most average cars will lose around 15-20% of their value in the first year and the same in the second; there’ll be a steadying out after that. Evaluate how long you plan to keep a car for – if you plan to keep a car for its entire life span it could be wise to by after 3 or 4 years. The car will have lost the brunt of its value and will be at the stage where depreciation is levelling off.
When browsing through a site that offers used cars for sale, you will see an endless number of second hand bargains, each with different attributes. It’s not easy to beat the market due to its size and most cars will be fairly priced to within a hundred pounds or so. Instead of searching for a vastly underpriced car which you may never find, be aware of what it is you want and the age you want it at and glean best value that way. You can’t necessarily cheat the used car market but you can manipulate it to your needs.
