'Good time to shop around' – motors expert reveals new road law coming in just DAYS could impact second hand car prices | 0UDA2II | 2024-02-29 12:08:01
Matas Buzelis from car historical past service
A CAR skilled has urged drivers to "shop round" as an upcoming regulation change set to be brought in within days might see used motors stoop in worth.
Matas Buzelis from car historical past service CarVertical stated that a tweak to DVLA guidelines may benefit consumers in the close to future.
In March and September yearly, the company releases the brand new registrations for the yr forward.
New '24' plates are set to be allotted to new motors this week which, as Matas explained, usually causes elevated demand for recent models.
This creates a problem for dealers with previous stock, prompting them to chop their costs in an try and maintain sales high.
Certainly, automotive finance specialists Carmoola say that "new reg day" creates a "ripple impact"
Matas advised The Express: "Brand new automobiles might be bought with the '24' plate, and drivers who like the status of driving a new automotive shall be heading to forecourts to snap up the newest fashions.
"Nevertheless, the arrival of the new plates can make March an excellent time to shop round for a discount on the used automotive market.
"Dealers are often extra open to an excellent supply on older automobiles that they need to shift from the forecourts to make room for newer fashions.
"They are also typically working to quarterly targets, making March an excellent time to haggle."
He additionally really helpful asking how lengthy a automotive has been on the dealership's books as they're more possible to offer you a discount on automobiles they're struggling to shift.
And the financial savings could possibly be obtainable by the top of this week, with the brand new registrations being released on March 1.
<!-- End of Brightcove Player --> Nevertheless, Matas warned of the risks round buying a discounted automotive and urged Brits to be careful for rip-offs.
He added: "Drivers ought to all the time be sure they look at all elements of the automotive's previous with a history verify.
"It's necessary to ensure the automotive won't find yourself costing more than it is value as a result of it has been critically damaged or has been clocked."
Luckily, you should purchase a historical past examine online for as little as £10.
It will let you already know if the automotive has ever been reported stolen, written off or has excellent finance funds on it.
You can even use free registration checker instruments on the DVLA and DVSA web site to entry the tax standing of the car and examine its full MOT historical past, in addition to whether or not the mannequin has any lively recollects on it.
It comes after the DVLA launched the full list of banned number plates forward of the recent registrations being applied.
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