Are car auctions worth it in the UK?
Don’t bother, auction cars seem to be as expensive as they are on the open market these days, plus you get quite a lot of cars going to auction as they have problems. You’ll also find it hard to compete for the exlease cars, as the trade love them. Yes, used cars at auction are usually cheaper than buying from a dealer or private seller. That’s because many dealers buy cars at auction, then resell them at a higher price to make profit. However, lower prices aren’t always guaranteed.But why are repossessed cars so much cheaper? The main reason is that lenders, such as banks and credit unions, are not in the business of selling cars. When they repossess a vehicle, their primary goal is not to make a profit but to recover the remaining balance of the unpaid loan as quickly as possible.
What is the cheapest month to buy a car?
FAQs. Is December a good time to buy a car? Yes. According to Edmunds transaction data, December has traditionally had the highest discounts from the manufacturer’s suggested retail price (MSRP) for both new and used cars. December: December is arguably the best month to buy a car. Dealerships are trying to hit their year-end sales quotas, and salespeople are often more motivated to offer better deals to meet these targets. The closer you get to the end of the month, the better the deals tend to be.Buying a used car during quieter periods can help you get a better price on your next car. March, June, September and December are typically slower months. When it’s quiet, dealers will be more motivated to make sales to meet their targets.