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Recession forces motorists to buy used cars

15:36 Mon 24th May 2010 |

Many people looking to buy a new car have been thwarted due to the effects of the recession and have subsequently looked to used car garages to provide them with their latest motor.

"People looking to buy a car are more likely to choose a used vehicle over a new one", according to leading insurance provider, Be Wiser Insurance.

A recent survey has revealed that over two-thirds of respondents will choose an older car over a new one – with 72 per cent saying that price of the vehicle is the primary factor they consider.

When quizzed about how they would fund a motor purchase, 47 per cent said they would use their savings.

Since the recession many Brits have opened savings accounts and have placed a little aside each month just in case they need it. Although the interest on savings still isn't great, it's good to see people using savings rather than turning to plastic to be able to afford something.

He added that the way people choose their autos is changing – with a trend towards using web portals rather than visiting car garages.

Websites like Car Guide (http://car.guide.co.uk/) are popular destinations for those looking for low-cost second hand vehicles, as the website offers a full description of the car as well as images and reviews.

Be Wiser Insurance are urging people to check the safety of a used car before they buy it, or they may be having to makes claims on the car insurance policy sooner than they would think.

"Out of those asked, 84 per cent said that irrespective of what type of vehicle they were looking to buy, they would research the motor online before travelling to a garage or someones house," a Be Wiser Insurance spokesperson claimed.

If you are looking to buy a used car then it is highly recommended that you thoroughly check that the vehicle has any damage the seller is neglecting to tell you about. It can be difficult to pin-point these things problems if you aren't a mechanic, so if you're looking at a car being sold by an independent seller then try to bring someone "in the know" with you. Their guidance and advice could save you a packet in the future.

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