VAT charges are set to rise again from 15% to 17.5% on 1st January 2010 and this is causing concern among some new car buyers who feel the prices may become too high. However, there is one online company that has promised to keep their prices the same and absorb the increase themselves. The largest seller of used cars online is Autoquake.com and they are determined to keep their position by protecting their customers from the VAT increase and covering it themselves.
New cars will not only be subject to the VAT increase but there is suspicions that the government scrappage scheme is due to run out of money soon so this will be also be a blow to new car buyers. That is why used cars may offer better value for money to the car buyer. There are also other concerns for those wishing to buy a new car and that is the fact that many manufacturers are now putting their prices up. This trend is likely to continue as long as the pound stays weak against the euro.
There are predictions that the cost of steel is set to rise which will no doubt increase the cost of car manufacture and this will in turn mean that the price of new cars will rise with it.
The increase in VAT will not have a huge affect on the cost of used cars however, as most car dealers only pay VAT on their profit margin. But those buying from Autoquake.com will see no difference to the price pre the VAT increase. Buying used cars will soon be seen as one of the best options when looking for a car. You can find many great used cars out there for sale. Buying a used car which is only one or two years old will save you a lot of money and will still have many state of the art features. Not only will you save on the VAT increase but you will get a great car to boot.
When you think it’s time to look out for used cars for sale, you may end up much better off by thoroughly researching the cars that interest you. This reserach will let you find the best cars available for each category you look at. And when you finally finish your research, you could find yourself leaving the car delears with a splendid used chevrolet or even a used chrysler.
