As the UK consumer feels the long, drawn out squeeze on their finances, money-saving tactics are becoming increasingly important in everyday life.
With people trying to save money wherever they can and looking to stretch their pounds as far as they will go, the used car industry has come into its own.
The latest research shows that registrations of new cars in the UK have been falling annually since 2008 and the trend looks set to continue. The knock on effect is that the UK used car industry has gone from strength to strength and is now the largest in Europe.
Buying used offers many advantages which have come to the fore in the age of austerity. Most obviously, used cars are the cheaper option. Once you drive away from the dealership in your brand new car you can instantly kiss 40% of the value goodbye.
For many drivers, new cars have become a luxury too far and when you factor in higher insurance costs and higher loan repayments with this savage depreciation, it’s plain to see that buying used has become much more attractive.
In tandem with this change in circumstances, the used car industry has undergone something of a make-over. Gone are the days of seedy forecourts and rip-off merchants.
Websites like VCARS connect drivers with a whole host of private sellers and accredited dealers, giving you a huge range of choice and allowing you to compare as many cars as you need before you find the right one for you.
Concerns associated with buying privately have also been lessened, as the volume of advice available online has exploded. This checklist is a great place to start.
The most important thing to remember when buying a used car is to take your time and to make sure that you are absolutely satisfied that the vehicle is sound.
If you do your research you could truly save yourself a packet.