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. Luckily however, there are still savings to be made especially in the form of used cars and one such used car company has decided to cover the increase themselves and not pass it on to their consumers. 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 car buyers will be hit will the VAT increase and may also find that they will no longer be able to avail of the government scrappage scheme because there is speculation that the money for this scheme is drying up. That is why used cars may offer better value for money to the car buyer. Other worrying concerns for new car buyers is the fact that a lot of car manufacturers are beginning to put up prices. And this looks set to continue while the pound performs weakly against the euro.
It is also expected that the price of steel will rise this year which will in turn increase the cost of car manufacture which will no doubt result in an increase in the cost of new cars.
Most used cars however will not be affected too much by the VAT increase because the dealer will normally only have to pay VAT on their profit margin. But those buying from Autoquake.com will see no difference to the price pre the VAT increase. This is why more and more people will soon begin to see the value of buying a used car this year. You can find many great used cars out there for sale. You can find many with state of the art features which are only one or two years old and you will save a lot of money on these. You will be able to save yourself some money by avoiding the VAT increase while still getting a great car.
When you think it’s time to look out for used cars, you may end up much better off by thoroughly researching the cars that interest you. Researching allows you to find the very best used cars for the category you are looking for. Once you’ve finished, you could find youself driving away from the dealers in a used cadillac or even a used citroen.