People of Yao ethnic group show the skills of making folk costume at a tourism and culture festival in Xiaozhai Village of Longsheng County Shon Coleman Browns Jersey , south China's Guangxi Zhuang Autonomous Region, Sept. 23, 2017. (XinhuaShi Nongbing) Men of Yao ethnic group make Ciba, or glutinous rice cakes, at a tourism and culture festival in Xiaozhai Village of Longsheng County, south China's Guangxi Zhuang Autonomous Region, Sept. 23, 2017. (XinhuaPan Zhixiang) Women of Yao ethnic group show their long hair at a tourism and culture festival in Xiaozhai Village of Longsheng County, south China's Guangxi Zhuang Autonomous Region, Sept. 23, 2017. (XinhuaHuang Yongdan) Women of Yao ethnic group take part in a parade during a tourism and culture festival in Xiaozhai Village of Longsheng County, south China's Guangxi Zhuang Autonomous Region, Sept. 23, 2017. (XinhuaHuang Yongdan) Women of Yao ethnic group show the skills of making folk costume at a tourism and culture festival in Xiaozhai Village of Longsheng County, south China's Guangxi Zhuang Autonomous Region, Sept. 23, 2017. (XinhuaHuang Yongdan) Women of Yao ethnic group show the skills of making folk costume at a tourism and culture festival in Xiaozhai Village of Longsheng County, south China's Guangxi Zhuang Autonomous Region, Sept. 23, 2017. (XinhuaShi Nongbing) Women of Yao ethnic group perform the bamboo dance at a tourism and culture festival in Xiaozhai Village of Longsheng County, south China's Guangxi Zhuang Autonomous Region, Sept. 23, 2017. (XinhuaPan Zhixiang) Used cars: good time to get one! Published: 13.10.2008 | Author: pmcindoe | Category: Cars
Although the global recession may be bad news for new car salesmen, it appears that their used car counterparts are set to see business boom. The impact of the global recession is one reason why buyers are turning away from expensive large new vehicles, looking instead to save cash by buying smaller 鈥榥early-new鈥?vehicles at significant savings. All that means that the used car market may well buck the recession trend, as the number of vehicles changing hands increases as people try to find a more economic model for their changed circumstances.

But although the number of UK used cars sold is likely to increase, their values are dropping, which means that anyone looking for a bargain should get to the garage forecourts now. According to industry valuation experts Glass鈥檚 Guide, a three-year old car is now only worth 38 per cent of its original list price. Glass鈥檚 believe that rapid depreciation being outdone by inflationary price rises is fuelling the drop. Despite brand new vehicle list prices rising by an average of only 2% over the last year, used car values are dropping and there is also anecdotal evidence that swingeing tax increases and rapidly increasing fuel costs are also having a massive impact, particularly on the 鈥榞as guzzlers鈥?

Despite the government agreeing to reverse their decision to impose backdated road fund licence increases on older, larger-engined vehicles; the damage has already been done. As such, larger 4 x 4 vehicles affectionately known as 鈥楥helsea tractors鈥?are being rapidly dispensed with as people switch to vehicles that are cheaper to run, forcing a glut of larger second hand vehicles onto the market.

And that means those who do have cash to spare and are in the market for a quality used car should be able to bag themselves a great deal. Even prestige cars such as BMW, Audi, Lexus and Saabs can be secured for great prices. So, if you haven鈥檛 got the cash to spare but, for example you want a nearly new BMW, then BMW car finance is readily available, even in these times of financial gloom.

Furthermore, it is also important to do your homework before proceeding with car finance; understanding how it operates should allow you to be able to drive a harder bargain and at least get a few extras thrown-in or money knocked off. Or maybe you can negotiate a higher part-ex value for your old car, especially if you are upgrading to a more prestigious model.

Paul McIndoe writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.

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Article Tags: bmw car finance, car finance, new car, UK used car, used car

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