Save On The VAT Increase By Purchasing A Used Car
VAT charges are set to rise again from 15% to 17.5% on 1st January 2010 and this is causing concern among some new car buyers who feel the prices may become too high. However, there is one online company that has promised to keep their prices the same and absorb the increase themselves. Autoquake.com is the biggest online seller of used cars in the United Kingdom and they are prepared to cushion the blow to the consumer by covering the cost of the VAT increase themselves.
Buyers of new cars will certainly feel the pinch especially since the government scrappage scheme is due to end soon due to lack of funds. Buying a used car therefore may work out better for the consumer. Other worrying concerns for new car buyers is the fact that a lot of car manufacturers are beginning to put up prices. With the pound continuing to be weak against the euro, this trend looks likely to carry on.
It is also expected that the price of steel will rise this year which will in turn increase the cost of car manufacture which will no doubt result in an increase in the cost of new cars.
The increase in VAT will not have a huge affect on the cost of used cars however, as most car dealers only pay VAT on their profit margin. And those who buy their used cars from Autoquake.com will not have to pay a penny extra for their used cars. Buying used cars will soon be seen as one of the best options when looking for a car. You can find many great used cars out there for sale. You can find many with state of the art features which are only one or two years old and you will save a lot of money on these. You will be able to save yourself some money by avoiding the VAT increase while still getting a great car.
If the time has come for you to be searching out used cars for sale, you may end up much better off by thoroughly researching the cars that interest you. Researching allows you to find the very best used cars for the category you are looking for. Once you’ve finished, you could find youself driving away from the dealers in a used caterham or even a used colt.
