The car sales industry has obviously been affected by the economic downturn and dealerships have had to introduce more discounts than normal in an attempt to boost sales, whilst the Government have introduced the scrappage scheme whereby a car that is 10 years old or more can be scrapped in return for a 2,000 pound discount off a brand new vehicle.
This has received much criticism from many in the motoring industry but early signs suggest that the scheme could be a relative success. The main criticisms are surrounding the fact that discount is limited to brand new cars as opposed to including year old used cars as well, as they have done in Germany.
The problem is, even with the scrappage discount a brand new car is still an expense that many people cannot afford during these uncertain economic times, so I believe the trick is to buy used, but not too used!
Your best bet is to look for brands that are sought after and therefore easy to sell on in a couple of years time and that depreciate at a slower pace than most, and for that read: used BMW.
Why buy brand new when a used BMW with less than 15,000 miles on the
clock can be your for two thirds of the price? I understand that many people are wary of purchasing a second hand car but with many authorised used BMW dealerships throughout the UK, you can make a purchase with the peace of mind of a warranty and that the vehicle has been fully checked by BMW engineers.
And of course, warranties are passed over so when buying a one year old used BMW that was originally purchased with a three year warranty, you would receive the further two years left on the warranty as the new owner.
With the recession looking to continue to 2010 and beyond, car buyers will be opting for used cars that hold their value and as a result used BMW's are being snapped up quicker than ever, especially as fewer are out on the m,arket at present as less people are upgrading their vehicles at the current time.
The Government car scrappage scheme is aiming to change that, and for the entry level run around car, it will no doubt prove a success - two grand off a 7,000 pound car represents a great saving, but for a more prestige car a 2,000 pounds discount will probably not prove a deal breaker.
Author Resource:-
Thomas Pretty is a car salesman with many years of experience in the car sales industry. Find out more about used BMW at http://www.cooperbmw.co.uk/
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