'Good time to shop around' – motors expert reveals new DVLA release in just DAYS could impact second hand car prices | LWKGSXJ | 2024-03-02 12:08:01
Matas Buzelis from car history service
A CAR skilled has urged drivers to "shop round" as an upcoming number plate protocol set to be brought in within days might see used motors stoop in worth.
Matas Buzelis from car history service CarVertical stated that a tweak to DVLA rules may benefit consumers in the near future.
In March and September yearly, the company releases the new registrations for the yr ahead.
New '24' plates are set to be allocated to new motors this week which, as Matas defined, usually causes elevated demand for recent models.
This creates an issue for dealers with previous inventory, prompting them to cut their costs in an try and maintain sales excessive.
Certainly, automotive finance specialists Carmoola say that "new reg day" creates a "ripple effect"
Matas advised The Express: "Model new automobiles might be bought with the '24' plate, and drivers who just like the status of driving a new automotive can be heading to forecourts to snap up the newest fashions.
"Nevertheless, the arrival of the new plates could make March a great time to shop round for a discount on the used automotive market.
"Dealers are sometimes extra open to an excellent supply on older automobiles that they need to shift from the forecourts to make room for newer models.
"They're also typically working to quarterly targets, making March a great time to haggle."
He additionally really helpful asking how long a automotive has been on the dealership's books as they are more probably to provide you a discount on automobiles they are struggling to shift.
And the savings might be obtainable by the top of this week, with the brand new registrations being released on March 1.
<!-- End of Brightcove Player --> Nevertheless, Matas warned of the risks round buying a discounted automotive and urged Brits to watch out for rip-offs.
He added: "Drivers should all the time ensure that they look at all points of the automotive's past with a history examine.
"It's essential to ensure the automotive won't find yourself costing greater than it is value as a result of it has been significantly broken or has been clocked."
Fortunately, you should purchase a historical past verify online for as little as £10.
This can let you understand if the automotive has ever been reported stolen, written off or has outstanding finance funds on it.
You may as well use free registration checker instruments on the DVLA and DVSA website to entry the tax standing of the car and verify its full MOT historical past, as well as whether the mannequin has any lively recollects on it.
It comes after the DVLA released the full list of banned number plates forward of the recent registrations being utilized.
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