UNDERSTANDING THE UK CAR MARKET -
Traditionally, purchasing a new car in the UK has always been an
expensive pursuit. Manufacturers have been able to restrict the means
by which we buy new cars in the UK - they have been able to dictate who
can sell a particular brand of car to you and where they can be sold.
While
in recent times the prices of new cars in the UK have been falling,
they remain well above those in other European countries - this means
that it's possible to save a lot of money on cars if you're prepared to
do some research and buy your car from a source outside the UK. This
may seem like a hassle, but with several thousands of pounds to save it
can prove to be more than worthwhile - and if you have a thing for
travelling then buying from abroad can help satisfy your wanderlust
while saving money on your new vehicle.
WAYS OF
CUTTING THE COST OF YOUR NEW CAR - As we saw above, we can really save
some cash by purchasing our new car from Europe - an option that we'll
investigate in more detail shortly. However, first we'll take a look at
ways to cut the cost of your new car within the UK itself.
Research
- Approach the purchase of your new car as you would if it were a home.
If you were going to buy a new home you would probably consider several
different ones, perhaps in different areas before making your choice.
Similarly, you may have a preferred make and model but do not stop
yourself from considering other models. If you are on a budget ask
yourself what t is that you're looking for from your auto - is space
important because you have a family? Whatever your requirements write
them down and then list all the makes & models that fit your
criteria. You'll probably notice that there may be savings of a couple
of thousand between 2 different cars that both fit your requirements.
When
researching which is the cheapest & best possible option for you,
this process of identifying close substitutes to your preferred choice
is vital. You will need to investigate the car's "platform", compare to
its rivals and then make a choice based on this.
So
what do we mean by looking at the cars "platform"? Simply a platform is
the very basic structure upon which the car is structured - the core
upon which the fittings and body are structured. Many different cars
are actually derived from the same platform. For example Ford uses the
Mondeo and Fiesta platforms to produce a wide variety of individual
cars from the Puma to the Probe and much more. So lets say you really
like the look of the Ford Galaxy - you should then investigate other
similar cars built on the same platform.
Once you
have done this look at the offerings of your rivals - get hold of some
car magazines and see which cars are listed next to your preferred
choice. There may be some big price differences that you can expose to
your advantage.
Tip - Avoid paying high prices for
"special editions" - this is rarely little more than different seat
covers or some other small changes. What you're actually paying for
here is the "exclusive" factor.
Buy An "Ex Fleet"
Car And Make Some Serious Savings - The Ex Fleet market in the UK is
huge and certainly worth considering if you wish to make some
significant savings. Ex fleet cars are commonly sold at http://www.global-ebooks.com/UKGovAuctions.htm
, car supermarkets, and used car dealerships. Typically, the mass
sellers such as Ford, Vauxhall, Nissan, Peugeot and others all sell to
the ex fleet market.
Buy A Pre Registered Car &
Save Money - Pre registered cars are classed as "sold" by
manufacturers, mostly to make their sales figures look better. Usually
the cars have only a few miles on the clock but because they are
classed as "second hand" they tend to be much lower in price. In effect
you will enjoy a car that is practically new at a seriously reduced
cost. Franchise dealerships and car supermarkets are the places to find
these gems. A lot of pre registered cars also come with a manufacturers
warranty which makes the deal all the more sweet.
Buy
A Car From A UK Auction - Thousands of cars are sold at very low prices
through auctions that are held in the UK. This includes liquidation
sales for companies that have gone bust as well as government held
auctions where all kinds of items including cars are sold off at very
low prices. For more details on auctions try the http://www.global-ebooks.com/UKGovAuctions.htm
CUTTING
THE COST OF CARS BY PURCHASING OVERSEAS – Importing cars from overseas
has never been a more viable option - and it's a great way of saving a
lot of money on a brand new car without having to compromise on
features or status. It's possible to either do this yourself or use an
agent. Using an agent does cost slightly more of course but is a good
option if you can't spare the time to actually go abroad yourself.
DIY
Importing - There are several factors you need to consider if you wish
to import a car yourself - for a start you need to ensure the car you
purchase fits British specification. Finding a dealer that will sell to
you can also be an issue though this is less of a problem than it used
to be.
Some Factors To Consider - Remember that
you'll need to factor in a longer delivery time for your purchase. The
deposits required from European dealers also tend to be much higher
than in the UK (up to 30%) and be wary of foreign exchange fluctuations
in currency that can alter the final price of your car. You will also
have to insure the car for delivery to the UK - phone some UK insurers
or the dealership itself and see what your options are.
A survey of http://europa.eu.int/comm/competition/car_sector/can be very useful and this site also links to various manufacturers that will sell directly to the UK.
Using
An Agent - Agents that specialise in providing discounts for UK buyers
are becoming more and more common. Typically these services will tailor
the extent of service you require - from giving you a list of foreign
names to actually handling all the paperwork & delivery of the car.
Try the following sites that offer discounted cars:
http://www.broadspeed.com/
http://www.broadspeed.com/
http://www.virgincars.com/default.asp
http://www.jamjar.com/
Shop around to see where you can get the lowest agency fees although they do tend to be fairly static.
More
Tips, Tricks, Strategies, Contacts & Websites - We'll now look at
other ways that you can try and hunt down some auto bargains. Lets
start off with car supermarkets - these are absolutely huge
dealerships, generally located at motorway junctions outside major
cities. These supermarkets have huge amounts of stock and operate on
wafer thin margins which means you can save a significant amount by
shopping about a little. A list of good car supermarkets is given
below:
http://www.autolink.co.uk/
http://www.carland.co.uk/
http://www.gtccar.co.uk/
http://www.motornation.co.uk/
http://www.motorpoint.co.uk/
http://www.trade-sales.co.uk/
Car
supermarkets sell both pre-registered and ex fleet cars so the chances
of hunting down a bargain are fairly good, particularly for more
mainstream brands such as Ford and Vauxhall. Remember in the car
industry a lot of premium goes toward the badge that a car has - so if
you're not too fussed about the make you can save thousands of pounds
simply by taking advantage of this. The other thing about car
supermarkets is that unlike dealerships there is very little pressure
or badgering from salespeople.
Niche Operators - The
second hand car market has plenty of niche operators - smaller lots who
specialise in selling very cheap cars for example. If you have a good
knowledge on cars you can probably pick up a bargain by going to
various niche operators.
Buying Online - Purchasing
online is becoming increasingly popular although some would argue that
buying an auto online is only for the very brave-hearted. Along with
online options we have already talked about (such as Jamjar, Virgin
etc) there are other online sources to buy from including http://www.autobytel.com/ and http://www.autotrader.co.uk/ .
The
car market is certainly more open and competitive now than it has ever
been. As the internet and online options to buy continues to grow so
will your chances to purchase your dream car for less. As always, being
prepared and doing research will go a long way toward getting the car
you want at a much lower price.
Find hundreds of dirt cheap car wholesalers & government auctions at
http://www.my-online-powerpack.com
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Find hundreds of dirt cheap car wholesalers & government auctions at http://www.my-online-powerpack.com.
Subscribe to my Online Powerpack newsletter for the hottest money
saving ideas, tips, suggestions and hundreds of real time discount
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