In a demonstration of how odd the car market has become, new research from Parkers has shown that some cars are actually cheaper to buy brand new than they are second hand. Price cuts continue to be offered at dealerships, whilst a shortage of quality stock (being created by more people holding on to their motors) means that used cars are, in some cases, rising in price.
This means that some cars can be purchased cheaper brand new, than a year old vehicle with a few thousand miles on the clock. Of course, this turnaround isn’t set to last forever, as eventually the dealerships will manage to shift the stock that they need in order to resume the usual pricing points (though you’d imagine that doing so will further reduce the amount of sales).
Ultimately, the best time to buy a new car is when you’re in a position that means you don’t care about depreciation. Few of us ever get there mind…
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