The booming second hand car market

With the economy currently struggling, and there being less disposable income around than there has been for decades, the second hand car market is seeing somewhat of a boom, as people are trading in their older models for newer ones, instead of brand new. This has, unfortunately, driven up prices, and it is well worth shopping around to find the best deals, particularly if you are intending to part exchange.

It is also worthwhile, if you have the means to, paying for your car in cash rather than taking out finance, as finance companies tend to have very high rates of interest, so you can easily end up paying several thousand pounds for a car only worth £2000. There are numerous places to look when searching for second hand cars; local garages, the internet, small ads, all of this will have a list of cars for sale that have had previous owners.

It is always recommended that you buy a second hand car from a garage or dealership as, albeit small, you will get some kind of warranty for it. If you buy a car from a private vendor and it breaks down half a mile down the road you have no comeback, and it can be a long and costly business to try and recoup your money via the small claims court.

If you are looking for a specific model, say a used BMW for example, you are best off looking online at one of the specialist car dealers. There are chains of these throughout the country, so you should be able to track down what you are looking for in no time at all. Once you have found the car you are looking for, it is then simply a case of travelling to the dealer and trying it out for size.

You will find while searching that their will be invariably be a glut of certain makes of car, and these tend to be the ones that people shy away from. That great deal won’t be so great when it breaks down just after the warranty runs out and you are faced with repair bills of hundreds of pounds.

Buying a second hand car, though more expensive, is no different from buying anything else second hand. Do your research, ask for the full history, find out if it has been involved in any accidents and don’t let yourself be talked into buying something that you neither want nor can really afford. With all this is mind, you are well prepared to find the best second hand car for you.