Used Cars
Used car prices have been slashed by 8% in 2008 over and above normal depreciation levels. Good and bad news for the consumer as buying wisely will be key this year. 4X4 vehicles will see the highest level of depriciation, as CO2 emission taxation will also affect larger more polluting vehicles.
Used car dealers are suffering as used car sales have fallen by 23% so far this year, the biggest drop since 1955. This is however good news for people wishing to buy a used car, as figures from a leading auction house show good used car values are being achieved in the first quarter of 2008.
Used car loans however are seeing an increase as personal loan lending becomes more difficult under the credit crunch despite bank interest rate reduction. Historically 42% of car buyers use a car loan or Hire Purchase facility when acquiring used cars
Applying for your used car loan through Creditplus means you will receive the best deal specifically to your circumstances
Creditplus has a UK network of over 500 dealers stocking over 65,000 used cars and a unique system whereby regardless to your location you can choose any used car or used car loan from the comfort of your armchair, as each vehicle can be delivered to you. Backed by a customer promise that allows you 7 days to make sure you are happy with your new vehicle.
Used car prices can be viewed at our values and reviews section, and applying for your used car loan online means you will receive an immediate used car loan decision.
If you require any further independent advice on car loan options and what is the best type of car loan for you simply call us on 08717 502 495.
Mitsubishi Galant Used Car Search
When you start your used car search for a Mitsubishi Galant, remember the finer points of the car you have chosen. The Mitsubishi Galant has a wider wheelbase than other cars, making it more stable.
Used car market shows signs of stability
New figures from the used car industry have suggested the market is beginning to show some signs of stability following the plunge in average prices at the end of last year and their rapid rise at the start of 2009.
June's edition of CAP's Black Book, the independent benchmark guide to used car trade values, has suggested there exists a better balance of supply and demand than has been in evidence in the used car market over recent years.
Used car values continue to rise
New figures have revealed that the average value of a used car has continued to increase over the past month, as demand shows little sign of abating.
With the recession pushing more people into purchasing used cars rather than spending more money on a brand new model, statistics from the HPI Used Car Valuations Index show used car prices have now returned to the level of September 2008.
Used car values show strong start to summer
Average used car prices have continued to rise over recent months and show no sign of abating through the summer, it has been claimed.
Figures from the British Car Auctions (BCA) organisation have revealed that average used car values have now risen for seven consecutive months.
Used car market set to soar
New figures from Sainsbury's Finance have suggested a growing number of people are planning to invest in a used car over the months ahead.
As the recession results in more people looking to downgrade, Sainsbury's Finance has said as many as ten per cent of the British adult population plan to buy a used car in the six months up to the end of August 2009.
BCA offers new option for used car buyers
Used car buyers and sellers will in future be able to access a wider choice of vehicles over the internet thanks to a new development from the British Car Auctions (BCA) organisation.
The BCA has announced the launch of a new programme of Live Online auctions taking place over the internet, enabling regional sellers to reach a national audience of potential used car buyers.
