How to Buy a second hand car


Created by Author Jane

Year old cars are MUCH cheaper than new cars

The average new car has a list price of around £28,500. But by the time it's one year old with 10,000 miles on the clock it costs just £21,000 – a reduction of more than 27% in the first 12 months. In the second year the depreciation rate is likely to slow by roughly half (so the second year, this average car would lose around £3,750 in value).

So picking a year-old model will dramatically slash the upfront cost. There are exceptions if you’re picking a plush model. Brands that hold their value best tend to include Mercedes and Porsche - so you won't see too many year old luxury car bargains out there.

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About the Instructor

  • Author Jane

    I am an application developer with several years of experience. Praesent massa nibh, facilisis ac purus vel, commodo condimentum purus. Phasellus mollis, arcu id commodo rutrum, urna mi vestibulum lectus, quis efficitur risus lectus eget nibh. Etiam lacinia tellus quis lorem lacinia commodo. Integer nisl sem, euismod vel tortor vel, imperdiet fringilla turpis. Nullam quis libero sed erat aliquet congue fringilla sit amet lorem. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Phasellus placerat elit non lacinia mollis. Nam enim elit, viverra ut ultricies quis, tincidunt at nunc. Integer sodales mi a aliquam condimentum. Fusce ullamcorper augue ac risus finibus condimentum. Curabitur tincidunt, tortor in posuere gravida, turpis augue pharetra urna, eu semper lacus ex non justo. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas.