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Trading Lessons

Best Time / Month to Buy a Used Car From a UK Dealer

ConsumerWatch / Motoring Dec 16, 2017 - 08:10 PM GMT

By: Nadeem_Walayat

ConsumerWatch

So far 2017 has not proved to be a productive year in terms of my traditional market analysis i.e. stocks, commodities and derivatives, as I tend to analyse that which grabs my attention rather than following a pre-set schedule, and for this year my attention has been on non traditional markets such as politics, where we had BrExit rammed down our throats to exhaustion point, culminating in the June 8th election disaster and its aftermath. Nevertheless my market analysis has continued this year, unfortunately it's been in non traditional markets such as the local city housing markets rather than national or international, and in this analysis of the UK near new Used car market of 2017 so as determine the best time of year to buy a Used Car of less than 3 years age from a UK dealer.


A google search soon reveals that the consensus view of the best times of year to buy a used car in the UK tend to coalesce around the two plate changes of the year, i.e. 1st of March and 1st September as being the most commonly propagated online advice to buy just before and after the plate changes. Next often repeated are the dealers end of quarter sales targets for bonuses and other perks, namely by the end of March, June, Sept and December. And also often mentioned are expectations that the best used car deals tend to be in the winter months due to less consumer demand. So find out if any of these consensus views actually stands up to close analysis in this video.

Best Time / Month to Buy a Used Car From a UK Dealer

Buying a Land Rover Discovery Sport HSE Black

I recently put my money where my mouth is, after all that is the primary purpose for virtually all of my analysis. So I tracked and then bought a 15 month old Land Rover Discovery Sport HSE Black with 13k miles on the clock for £30,950, set against the current Mid December average of £33k, which given the fact that I'm a crap negotiator isn't too bad a price to pay for the model and spec. Whilst 5 months ago the same age / spec / mileage would be selling for an average of about £36k.

And here's the video of what a 'real' customer can expect when buying from a main Land Rover dealer (Hunters) during the winter months. Starting from as soon as one drives onto the dealerships forecourt, test driving, documentation, part exchanging, paperwork, insuring, taxing and payment, all the way to when one drives off with their new used car a few hours later i.e. the 'REAL' experience of what to expect over the usual 'approved used' sales pitch.

Approved Used Land Rover Main Dealer Real Customer Buying Guide - Hunters, Chester

Whilst in the first video in this series I literally traveled the distance (2.5 hours) to the main land rover dealership situated in Chester (Hunters).

Buying an Approved Used Land Rover Discovery Sport - Hunters

Remember to subscribe to our youtube channel for new videos in this series and see our play list for all existing videos.

Buying an Approved Used Land Rover Discovery Sport - Guide

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2017 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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