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Buy used now or wait till the new year?

Sandwich · 2007-11-26 18:59:36

Looking to buy a 3 or 4 year old car for approx 20k. Better to buy now, wait until the new year, or does it make any difference? Will the price of a 2004 machine sitting on the forecourt today be reduced in the new year, or would I be more likely to find a 2005 (with correspondingly lower mileage) for my same 20k?

26-11-2007 7:59pm

#1

Sandwich

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Looking to buy a 3 or 4 year old car for approx 20k.
Better to buy now, wait until the new year, or does it make any difference? Will the price of a 2004 machine sitting on the forecourt today be reduced in the new year, or would I be more likely to find a 2005 (with correspondingly lower mileage) for my same 20k?

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Comments

#2 26-11-2007 8:08pm

Earth Worm Jim

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I would wait till the budget is over and done with - VRT and tax changes could make a big difference depending on what type of motor your looking at.

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#3 26-11-2007 9:52pm

crosstownk

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Sandwich wrote: »

Will the price of a 2004 machine sitting on the forecourt today be reduced in the new year

Not really - at least not in the sense that the price will change overnight on the 31st December. Remember that the used car will be standing a dealer a certain amount so he will be reluctant to drop the price, unless he has trouble shifting the car or if he overpriced it when making the initial deal.

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