| We are gradually sliding down the long, slippery slope | | | | reputable dealer of approved used cars is the best |
| to economic depression, and it's a global financial | | | | way to ensure this, as they will have thorough testing |
| phenomenon that is going to affect everyone in one | | | | schemes and only sell the best examples of the cars |
| way or another, and the motor industry is no different. | | | | that they see. In the current financial climate you might |
| Even the biggest manufacturers aren't safe from the | | | | also want to consider the fuel efficiency of your new |
| credit crunch that's turned into a credit lunch, with VW | | | | car, and the tax implications of its engine size, all of |
| recently having been bought by Porsche and the | | | | which will affect the cost of motoring. Using the |
| depreciation of most used vehicles becoming steeper | | | | internet to check stats and details prior to heading to |
| regardless of brand or pedigree. However, as a result | | | | the dealer is the best way to arm yourself against |
| this is arguably one of the best times to buy a car, | | | | salesmen's tactics. When it comes to buying or selling |
| used or new, as retailers, dealerships, superstores and | | | | a good place to start is one of the many online |
| manufacturers are looking to offload their stocks to | | | | classified ads websites, as these tend to be either free |
| nearly anyone with a few quid left in their pockets | | | | or cheap and offer a good selection of different cars. |
| because the financial crisis has reduced car sales | | | | Financing Options There are so many ways of |
| drastically in what is a sales driven industry. Deals on | | | | financing your purchase of a car that you should stop |
| new cars with massive price reductions and relatively | | | | and consider your options and avoid committing to the |
| good financing options are quite easy to find, and if | | | | first package you're offered. Most dealerships will try |
| you're in the market for a used vehicle you'll be able to | | | | and bundle their own financing into the deal, but this |
| get a good spec, nearly new model for the fraction of | | | | may not be suitable and prove more costly over time |
| the price that it was originally sold at. | | | | than a bank loan or finance from a 3rd party group. |
| Buying Tips The most important thing to check when | | | | Some insurance companies offer dual packages that |
| buying a car, especially a used one, is the car log book | | | | include financing for your vehicle in the policy, and most |
| and the service history to check that the cars | | | | large banks offer current and new customers great |
| operating life can be accounted for and any damage | | | | deals, especially in the current climate in which the |
| repairs or accidents that occurred are made apparent | | | | motor industry is desperate for cash flow and new |
| to you before you make your purchase. Going to a | | | | customers to avoid stagnation. |