Drivers are being urged to keep their eyes open in an effort to beat car crooks. A new investigation has found villains are benefiting from car clocking not being thoroughly policed. They can then profit from selling mileage-altered motors illegally. And car owners have been warned to stay up to date with manufacturer recalls designed to thwart thefts of models featuring keyless entry.
We all know smoking is bad for us. But now there’s conclusive evidence that it’s harmful to our car’s health as well. Anyone who partakes in the evil weed will realise that smoking is an expensive hobby. But the impact on our pocket doesn’t stop with buying tobacco or cigarettes. It can keep on hurting us financially when we sell our cars too.
A new report by car valuation experts CAP HPI reveals that cars can lose as much as £2000 off their resale value if they’ve been smoked in.
Why does smoking in cars hit their value?
September is one of the busiest months for new car sales. For the tens of thousands of drivers upgrading their car, one thing’s certain: they won’t escape the dealership without being offered a host of new car add-ons which will come with the promise of protecting their investment. But do drivers really need them?
For sales executives, extras such as GAP insurance, wheel and tyre protection, an extended warranty and pre-paid servicing are ways of getting extra money out of customers. Just as extended warranties are a tried and trusted means of electrical goods retailers getting customers to pay more for their purchases, so are new car add-ons. We look at the most popular and assess whether they’re worth ticking on the list or flicking and ignoring.
New car add-ons: servicing packages
With the hoped-for arrival of hotter weather, many drivers’ thoughts turn to buying a convertible. Here we look at the country’s five best-selling convertibles. But rather than forking out for a new one, there are plenty of used bargains to be had with some models selling for hundreds rather than thousands of pounds.
This was the car that started the modern trend for folding hard tops. Although the first generation model was far from perfect, the concept was clearly right because Mercedes is still making the SLK 20 years on. And as with the Mazda MX-5, there are models to suit all budgets.
Why choose this
With used car prices staying high, buyers need to work hard to get the best price possible. These expert haggling tips, compiled by a used car expert, will ensure you get the best possible used car deal, not the price the sales person wants you to pay. The tips come from Neil Hodson, deputy managing director of CAP HPI, a company that specialises in used car values and data searches.
Expert haggling tips: channel your inner house buyer
It’s the end of the year and a brilliant time for buying a car. Whether you’re looking to buy new or used, it’s the period in the year when car dealers are under the most pressure to make sales. Which is great news for buyers. Here’s why, if you’re considering a car purchase, December is the best time to head down to the dealership.
Why is Christmas such a good time to buy a car?
Think about it. Buying a car is probably the last thing you want to do. You’ve got presents to buy, holiday to take, don’t forget forking out for the other half’s Christmas present, and then there’s paying to feed the 5000 on the big day itself. You’re not alone. Frequently at this time of year, the inside of a car dealership can feel like someone’s forgotten to unlock the door. If you go in willing to do business, any half-awake sales exec will snatch your hand off.
Thinking of buying a new car? Popular wisdom dictates it’s cheaper to buy used than new. However that’s no longer always the case. New research shows that thanks to super competitive finance deals and low interest rates, some customers can save nearly £500 by choosing new over used.
Sales figures show that September 2015 was the best month ever for car sales, helped by car makers offering great deals on new models. The result, according to Whatcar.com which carried out the research, was that brand new cars were cheaper than the equivalent second-hand one-year old models in almost a third (29 per cent) of cases.
Researchers took the cost of deposits, monthly finance or loan payments, road tax, servicing and depreciation into account. With the Kia Picanto SR7 three door, they found that a brand new car would save customers £665 over two years, compared to the year-old equivalent. While the new car would cost £3719 to run for 24 months, the used model would be nearly £4400.
Philip Nothard, consumer specialist for car valuation service CAP Automotive said: “Generally speaking, if a car holds its value well, you’d be better off buying it new. At the moment it really is a new car market.” Jim Holder from WhatCar.com added: “Consumers shouldn’t always assume a used car will automatically offer them the best value for money. Favourable interest rates combined with inviting manufacturer incentives mean it’s a great time to bag a brand new bargain.”
The Nissan Micra Acenta reinforces this. Buy it new and it will cost you £5020 over the first two years of its life. Buy a year-old model and it will cost £403 more. Even when new cars are more expensive, it’s not by that much. A brand new Jaguar XF saloon 3.0d will only cost £13.50 a month more over 37 months than a year-old version. And over three years, the new Lexus NX300h Luxury will only be £8.20 a month pricier than its used equivalent.
The figures were calculated assuming the cars were being bought on Hire Purchase or using Personal Contract Purchase (PCP) deals. These are when drivers use a deposit to buy the car. Monthly payments are then set according to an agreed mileage and the car’s agreed value at the end of a certain period, usually three years. When the deal is up, drivers have the choice of handing over what’s known as a balloon payment to own the car, giving the car back and walking away, or putting any equity they might have in the car towards a new deal.
As PCPs are manufacturer backed, they frequently have very attractive annual percentage rates (APR) to help boost sales of certain models. According to What Car.com in November 2015, on average, a PCP will save customers £459 compared to a bank loan over the lifetime of the deal. But it’s still important to check. PCPs don’t always give the best deal. A driver who bought a year-old Renault Twingo Play would save £1327 over 37 months using a bank loan, in comparison to a PCP on a new model.
£5k seven-seat car: Hyundai Santa Fe Overview
When Hyundai launched this version of the Santa Fe in 2006 it was an instant improvement on its awkward-looking predecessor. For a start it looked an awful lot better. It also had an option to specify seven seats; the previous model had just five. So when you’re looking for your £5k Santa Fe, make sure it was originally ordered with seven seats.