With the New York Auto Show now over, car enthusiasts around the world are wondering how they can get their hands on their favourite car that was revealed at the show. Unfortunately, none of the big hitters from Cadillac, Lincoln, or Range Rover will come cheap so here are some tips on how you could get a brand new car at a reduced price.
Nearly New Cars
We’re all familiar with the new market and the used market. Between these two, though, lies a grey area often referred to as “nearly new” or pre-registered cars. These are vehicles that have been in production for only a couple of years and have very few, if any, miles on the clock. This situation occurs when vehicles have been leased at mass by large corporate companies, driven by users of the government’s Motability scheme for disabled drivers, or even registered by the staff of the dealership themselves.
The latter can happen when dealerships have to meet certain types of targets or quotas, such as the number of cars sold in a quarter. Failing to do so would mean that members of staff wouldn’t receive their bonuses so it is then in their own interests to register the car themselves. The cost of doing this and then selling the car at a reduced price is then outweighed by the amount paid in bonuses.
New Car with offer
Leasing a Car
Leasing a car is a great way to make sure you always get a new car. A short-term lease agreement generally last between six-to-twenty-four months while a long-term contract could last as long as five years. In most cases, the monthly rate for a long-term lease is substantially lower than the monthly payment would be if you were agreeing to a hire-purchase of the same vehicle.
If you need any more information about leasing a vehicle, take a look at this guide. It is important to note that there are other expenses associated with a leased car that drive the price up, such as insurance. Typically, a leased car will require you to pay for fully comprehensive car insurance at a rate that is higher than what you’d expect if you actually owned the vehicle.
Buying straight from the showroom floor or at the local used dealership aren’t your own only options when it comes to buying a car. Remember to consider all of your options the next time you’re ready to upgrade.
