What driver doesn’t love bagging a used car bargain? Saving thousands of pounds can give a warmer glow than spending two weeks on a sun lounger in the Med. And there are few better times of the year than October to buy a great car at a knockdown price.
Every March and September, the registration prefix changes for new cars. It’s a way for drivers and the motor trade to differentiate between the age of cars, and in a nation obsessed about keeping up with the Joneses, the effect is to create dramatic seasonal spikes in new car sales.
This is great news for the canny car buyer. The market is flooded with second-hand cars that have been traded in as a part-exchange, and when there’s more supply than demand, car dealers have to pull together some seriously competitive deals to help sell all that second-hand stock.
They might not be smiling as much when they realise they’ve paid over the odds for a product they don’t need…
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
It would be nice to imagine that when buying a used car, every vendor is as trustworthy as a girl guide and each handshake worth as much as a legally binding written contract. Sadly, there’s no shortage of unscrupulous, shady characters who make Tony Soprano seem positively saintly. And that’s why it’s important to check a used car’s V5C registration document and MOT.
The V5C is essentially the authorities’ record of who owns, or is responsible for a car. When someone selling a car produces it, a buyer can use the V5C to check that the vehicle is what it claims to be, and that the person selling it is the car’s owner and entitled to sell it.
(Picture © TomTom)
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