Oct
10
Buying a car is an expensive business so it really pays to take the time to find the best deals. Although it took me one and a half days of negotiations with a number of different suppliers, I have found a deal on a new car that will save me thousands of pounds over the next three years.
I also learnt something important how the car industry works that can be used to your advantage to save thousands, as I’m doing.
I’ve discovered that the car manufacturers work against quarterly targets and strive to obtain as many registrations in each quarter as possible. As the quarter ends, some manufacturers release a number of vehicles to their dealers at hugely discounted prices. This gives the dealers massive opportunities to sell cars at very low prices at the end of the quarter to boost the number of new registered vehicles.
Some of these vehicles are released to car leasing companies who can offer them at massively discounted rates. As the car manufacturers want to sell a number of cars as quickly as possible, they often add to the incentive by releasing vehicles with a high specification.
This means that you can lease a high specification car at absolutely rock bottom prices. These prices are way below what you’d pay for a personal contract purchase plan. You can, in effect, save the amount that you’d pay for the deposit in a PCP plan and often get a superior car as well. You save thousands of pounds!
The slight downside is that the cars released by the manufacturers are already built so they are at a set specification, but as long as you aren’t too fussy with your requirements, you can buy an absolute bargain, which is what I have done.
All you need do is to try and time your purchase for the last few weeks of the quarter and then speak to as many car leasing or car brokers as possible. These incredible bargains get snatched up quickly, but huge discounts are there for you, if you do that bit of work.
