Car price analysis experts, CAP Automotive, have discovered that you could save yourself enough money to cover the cost of Christmas by purchasing a used car this December, rather than waiting until January.
Many people like to celebrate the New Year in style by purchasing a used car in January. The analysis team at CAP Automotive have discovered that you could save yourself an impressive £500 by purchasing in December 2014, rather than January 2015.
Although this seems unconventional, and many people are afraid to spend large amounts of money during the Christmas season, CAP found that December buying is the most cost effective way finish the year.
Retail and consumer specialist, Philip Nothard said: “For many of us the idea of spending more money in December might be particularly unappealing, but the CAP figures show that it can offer some genuine savings in the long term if it’s a car you’re after.”
The great estimated saving of up to £500 in the month of December, means that you can cover the cost of Christmas, with money to spare (figures from the Money Advisory Service 2013 showed that the UK adult spend on average £487 during the Christmas period).
Mr. Northard, referring to the CAP statistics, said, “Our figures show that potential savings for motorists who bought last December instead of waiting until January were significant.”
Discussing the benefits of avoiding peak times, the CAP expert said: “The trick is to go against the trend and buy when other people aren’t looking for the same thing – and that means December can be a brilliant time to change your car.”
Facts and figures collected in 2013/14 showed an average cost of £12,300 for the 2011 Toyota Prius 1.8 in December 2013 compared with £12550 in the following month, a difference of £250. Figures for the 2012 Rav4 Diesel 2.2 showed even bigger savings, with a £500 saving for buying in December over January.
This December only, Inchcape Toyota is providing you with the perfect festive, seasonal offers. This includes huge savings on ’14 and ’64 plate Ex-Demo vehicles and if you choose a vehicle from our pre-owned stock, you will receive additional treats, including: 2 FREE Services, up to £200 worth of Free accessories, Free MOTs and more.