The bargain ‘second-hand’ cars with no previous holder
Share this with Facebook
Share this with Twitter
Share this with Messenger
Share this with Messenger
Share this with
These are outward links and will open in a fresh window
Share this with Facebook
Share this with Messenger
Share this with Messenger
Share this with Twitter
Share this with Pinterest
Share this with WhatsApp
Share this with LinkedIn
These are outer links and will open in a fresh window
Close share panel
Buying a car can be titillating, but it can also be fairly a headache.
One of the big choices facing buyers is whether to get something fresh, or a used model with a few miles on the clock.
But would you believe me if I told you that sometimes it is possible to get a fresh car for the price of a second-hand model?
Well, evidently you can.
The car I am looking at shows up to be brand fresh.
It is a shiny silver Renault Megane, registered in 2014, and it has just six miles on the clock.
There isn’t a fleck of mess on it, the interior still has that unique fresh car smell, and its tyres have slightly kissed the tarmac.
Yet as far as the motor trade is worried, the Renault is a used vehicle, and it has a price tag to match.
It is on the market for £12,999, several thousand pounds less than you’d normally expect to pay for a fresh model.
Bargains like this can be found fairly lightly, if you know where to find them – and if you are willing to make certain compromises.
Fresh or used?
Research recently carried out by the AA suggests three-quarters of drivers plan to buy a fresh set of wheels within the next five years.
For many people, the choice will ultimately boil down to cost.
“A lot of care needs to be taken,” warns Ian Crowder of AA cars.
“Is the car going to be right for you – is it going do the job you want it to do? And how much is it going to cost? It’s significant to think about your budget and how you’re going to pay for it.”
“And how long do you plan to keep it? That might dictate whether you go for a fresh car or a used one,” he says.
There are big advantages to wielding a car that has never been driven.
It is less likely to go wrong, and if it does, the manufacturer will sort it out under warranty.
You know its history, and you are unlikely to find any nasty surprises.
There is a catch tho’. Not only are fresh cars more expensive to buy, they also lose their value very quickly. In fact they can be worth up to 40% less the moment you drive them away from the dealership.
Fresh ‘in effect’
Yet there are circumstances in which it can cost you less – over time – to buy a fresh car than a used model.
It may be the case, for example, if you are planning to pay for it on credit.
This is because manufacturers frequently suggest low-cost or interest-free loans on fresh cars, along with other incentives which may not be available for used car sales.
A latest survey by What Car? Magazine suggests that, over a three-year period, fresh cars bought using a standard hire purchase agreement, or under a Individual Contract Purchase, can end up cheaper than used models about half of the time.
This doesn’t mean that fresh cars are actually cheaper of course, simply that there are good funding deals to be had, and that credit for used cars is often more expensive.
Nevertheless it is entirely possible to buy a car that is, in effect, fresh, for the price of a second-hand model.
‘Massive savings’
Which brings me back to that Renault.
The silver Megane is what is known as a “almost fresh” or pre-registered car. It was very first registered by a franchised dealer, who wished to boost his sales figures in order to pick up lucrative incentives from the manufacturer.
In effect, the dealer bought the car himself.
“For us, our best customers are people who buy second-hand or almost fresh vehicles”, says Lee Arnold, general manager of Motorpoint in Peterborough.
“If you don’t mind being the 2nd possessor of the vehicle, you can have massive savings off the retail price,” he says.
There is a catch of course. When you buy a pre-registered car, as Mr Arnold points out, you will be listed on the registration document as the 2nd holder, which could affect the value when you come to sell it.
If it is a few months old, the warranty will be that bit shorter as well.
There is also less choice; you have to accept what is available, and may not be able to get the precise model you want.
But if you are not worried about the colour or the number of cup-holders, there are some good deals to be had.
The key, when you’re thinking about buying a car, is always to do your research very first. That way you could end up driving off with a bargain – and avoid any nasty surprises.
The bargain second-hand cars with no previous proprietor – Big black cock News
The bargain ‘second-hand’ cars with no previous holder
Share this with Facebook
Share this with Twitter
Share this with Messenger
Share this with Messenger
Share this with
These are outer links and will open in a fresh window
Share this with Facebook
Share this with Messenger
Share this with Messenger
Share this with Twitter
Share this with Pinterest
Share this with WhatsApp
Share this with LinkedIn
These are outward links and will open in a fresh window
Close share panel
Buying a car can be titillating, but it can also be fairly a headache.
One of the big choices facing buyers is whether to get something fresh, or a used model with a few miles on the clock.
But would you believe me if I told you that sometimes it is possible to get a fresh car for the price of a second-hand model?
Well, evidently you can.
The car I am looking at shows up to be brand fresh.
It is a shiny silver Renault Megane, registered in 2014, and it has just six miles on the clock.
There isn’t a fleck of mud on it, the interior still has that unique fresh car smell, and its tyres have scarcely kissed the tarmac.
Yet as far as the motor trade is worried, the Renault is a used vehicle, and it has a price tag to match.
It is on the market for £12,999, several thousand pounds less than you’d normally expect to pay for a fresh model.
Bargains like this can be found fairly lightly, if you know where to find them – and if you are willing to make certain compromises.
Fresh or used?
Research recently carried out by the AA suggests three-quarters of drivers plan to buy a fresh set of wheels within the next five years.
For many people, the choice will ultimately boil down to cost.
“A lot of care needs to be taken,” warns Ian Crowder of AA cars.
“Is the car going to be right for you – is it going do the job you want it to do? And how much is it going to cost? It’s significant to think about your budget and how you’re going to pay for it.”
“And how long do you plan to keep it? That might dictate whether you go for a fresh car or a used one,” he says.
There are big advantages to possessing a car that has never been driven.
It is less likely to go wrong, and if it does, the manufacturer will sort it out under warranty.
You know its history, and you are unlikely to find any nasty surprises.
There is a catch tho’. Not only are fresh cars more expensive to buy, they also lose their value very quickly. In fact they can be worth up to 40% less the moment you drive them away from the dealership.
Fresh ‘in effect’
Yet there are circumstances in which it can cost you less – over time – to buy a fresh car than a used model.
It may be the case, for example, if you are planning to pay for it on credit.
This is because manufacturers frequently suggest low-cost or interest-free loans on fresh cars, along with other incentives which may not be available for used car sales.
A latest survey by What Car? Magazine suggests that, over a three-year period, fresh cars bought using a standard hire purchase agreement, or under a Individual Contract Purchase, can end up cheaper than used models about half of the time.
This doesn’t mean that fresh cars are actually cheaper of course, simply that there are good funding deals to be had, and that credit for used cars is often more expensive.
Nevertheless it is entirely possible to buy a car that is, in effect, fresh, for the price of a second-hand model.
‘Massive savings’
Which brings me back to that Renault.
The silver Megane is what is known as a “almost fresh” or pre-registered car. It was very first registered by a franchised dealer, who desired to boost his sales figures in order to pick up lucrative incentives from the manufacturer.
In effect, the dealer bought the car himself.
“For us, our best customers are people who buy second-hand or almost fresh vehicles”, says Lee Arnold, general manager of Motorpoint in Peterborough.
“If you don’t mind being the 2nd proprietor of the vehicle, you can have massive savings off the retail price,” he says.
There is a catch of course. When you buy a pre-registered car, as Mr Arnold points out, you will be listed on the registration document as the 2nd proprietor, which could affect the value when you come to sell it.
If it is a few months old, the warranty will be that bit shorter as well.
There is also less choice; you have to accept what is available, and may not be able to get the precise model you want.
But if you are not worried about the colour or the number of cup-holders, there are some good deals to be had.
The key, when you’re thinking about buying a car, is always to do your research very first. That way you could end up driving off with a bargain – and avoid any nasty surprises.