NOW IS THE TIME TO BUY A NEW CAR

IF you’re thinking of buying a new car then do it now!

And that’s because buyers who don’t order theirs in the next couple of weeks could lose out big time by failing to beat the January VAT increase. 

That’s when the Government increases VAT back from 15% to its pre-recession 17.5%. 

This warning comes from website dealer CarQuake, who say that with average delivery times up to two months, new cars that are not ordered now are likely to be handed over and paid for after the increase. 

More worryingly, the Scrappage scheme, although extended, is not expected to last much into the new year either. 

CarQuake director Tim Wait said: “At the moment thousands of new car buyers are walking blindly into substantial losses. 

“On a £20,000 car, the January change in VAT could easily be worth the equivalent of alloy wheels, front and rear parking sensors or a metallic paint finish. 

“The end of Scrappage could make a substantial difference to the type of car people can afford. And all they have to do is buy now to avoid paying later. 

“Retailers have been faced with downward pressure, but now they are pushing prices back up. Right now the second-hand market is strong, so you’ll also get a good part-exchange price.” 

» MORE 'MOTORING' HERE...

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