'Ideal time' to buy luxury used cars

Nov 20 2008

Buyers who have always dreamed of owning a high-end vehicle without ever having sufficient Car Finance to do so could be in luck.

New research by Glass's Guide, showed that large luxury saloons including BMWs, Audis and Jaguars have suffered significant price drops in recent times.

The report revealed average falls of as much as £7,263 on one-year-old models of the sector's best-selling diesels in November 2007 compared with an identical group in the same month this year.

Richard Crosthwaite, prestige car editor at Glass's Guide, said there were a number of factors contributing to the fall in values.

He predicted that secured Car Loans customers had not seen the end of price the depreciation in the market, but claimed any further drops would be "modest" during the next 12 months.

"Now seems to be the ideal time for prospective used car buyers to consider picking up a former fat cat's executive express," he added.

BMW launched its fifth generation BMW7 Series last weekend, which is claimed to have better fuel economy and produce fewer emissions than the previous models. ADNFCR-1366-ID-18887420-ADNFCR

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