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used car values end of this year V beginning of next

Scruff · 2009-11-11 23:53:03

This is a n00b question: Is there much of a difference in buying a 2nd car (08\09) at the end of Q4 2009 V early Q1 2010? I have been of the (quite probably mistaken) belief that once it becomes Jan 1 2010 all the car prices for 09 and before will drop a few grand. I just assumed it works this way because of our car reg…

12-11-2009 12:53am

#1

Scruff

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This is a n00b question:
Is there much of a difference in buying a 2nd car (08\09) at the end of Q4 2009 V early Q1 2010? I have been of the (quite probably mistaken) belief that once it becomes Jan 1 2010 all the car prices for 09 and before will drop a few grand. I just assumed it works this way because of our car reg plate system. Is this completely wrong or does it go from the month of when the car was registered or purely market conditions or how does it work?
Presuming that i am wrong, when does revenue update the book value of cars for VRT due for registering u.k. imports?

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Comments

#2 12-11-2009 1:02am

colm_mcm

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This would normaly be the case. most 09 and 08 cars are being sold at a loss, and there won't be many 08/09 trade ins. I can't see a huge change in prices coming in Jan

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#3 12-11-2009 12:32pm

Scruff

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hmm...so i've put off changing my car for nought! I thought i'd save a few grand by waiting till January.

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