'Good time to shop around' – motors expert reveals new DVLA release in just DAYS could impact second hand car prices | 5BEK6D2 | 2024-03-01 12:08:01
Matas Buzelis from car history service
A CAR skilled has urged drivers to "store round" as an upcoming number plate protocol set to be brought in inside days might see used motors stoop in worth.
Matas Buzelis from car history service CarVertical stated that a tweak to DVLA rules may benefit consumers in the close to future.
In March and September every year, the agency 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 defined, usually causes elevated demand for recent models.
This creates an issue for dealers with previous stock, prompting them to cut their costs in an try and maintain sales excessive.
Indeed, automotive finance specialists Carmoola say that "new reg day" creates a "ripple effect"
Matas informed The Express: "Model new automobiles can be bought with the '24' plate, and drivers who just like the prestige of driving a new automotive will probably be heading to forecourts to snap up the newest fashions.
"Nevertheless, the arrival of the new plates can make March a superb time to shop around for a discount on the used automotive market.
"Dealers are sometimes extra open to an excellent supply on older automobiles that they need to shift from the forecourts to make room for newer models.
"They're also typically working to quarterly targets, making March an excellent time to haggle."
He also really helpful asking how long a automotive has been on the dealership's books as they're more probably to provide you a discount on automobiles they are struggling to shift.
And the savings could possibly be out there 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 dangers around shopping for a discounted automotive and urged Brits to be careful for rip-offs.
He added: "Drivers ought to all the time be sure that they look at all features of the automotive's past with a historical past examine.
"It's necessary to ensure the automotive won't find yourself costing more than it's value as a result of it has been critically broken or has been clocked."
Fortunately, you should purchase a history examine on-line for as little as £10.
This can let you understand if the automotive has ever been reported stolen, written off or has excellent finance payments on it.
It's also possible to use free registration checker tools on the DVLA and DVSA website to access the tax status of the car and examine its full MOT historical past, as well as whether the mannequin has any lively recollects on it.
It comes after the DVLA launched the full list of banned number plates ahead of the recent registrations being utilized.
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