Motor Industry News
MyCarCheck.com top tips for used car buyers Dec 2013:
Audi Q5, A7 & BMW 3-series praised as prices dip for Xmas
MyCarCheck.com - the UK’s No.1 consumer vehicle data provider - has saved millions of people from making an expensive used car mistake. In these monthly bulletins its used car experts reveal significant trends in the UK market and suggest three wise buys.
- Highly desirable: Audi Q5
- Safe bet: BMW 3-series
- Used star: Audi A7
Head of Car Valuations at MyCarCheck.com, Alan Senior, commented: “Sports Utility Vehicles (SUVs) are very much in-demand at the moment, largely thanks to vehicles like the Audi Q5. As a 4x4 it has that ‘go anywhere’ capability. It looks good, handles beautifully and provides all the space you need for comfortable family motoring. So long as you carry out a history check to ensure the one you’re looking at is what it claims to be – for instance, that it hasn’t been clocked and isn’t still on finance – then this is a car worth paying a premium for.
“In terms of cars that hold their value, safe bets don’t come much safer than the BMW 3-series. Since the 1970s this car has been almost unchallenged as the leading medium-sized saloon. The 3-series is BMW at its best. However, due to their high performance nature, it is well worth checking that M Sport and M Power models haven’t been previously written-off.
“For our ‘used star’ this month I’ve chosen the super sleek Audi A7 Sportback. Fitted with high tech kit such as night vision cameras, many A7 models will have cost over £60k new, but used examples are far more affordable, some might say a bargain. When it comes to negotiating on price, remember, as well as revealing a car’s history, MyCarCheck.com also provides vehicle valuations – a great tool for haggling with dealers or private sellers.”
As to market trends, Senior continued: “Values have only taken a slight fall as the year comes to a close, much less than normal at this time of year. However, extra care must be taken when appraising potential stock. There are more than the usual numbers of cars being advertised in the classifieds, and at auction, that are in poor condition, with little or fudged service history. These must be valued accordingly.
“Demand for the best examples remains strong and supply is still short for most types of vehicles. Mid-size SUVs such as Nissan Qashqai and Land Rover Freelander 2 are particularly sought after. Mid-size people carriers such as Peugeot 5008 and Renault Scenic are also popular with retail buyers.
“Modern cars are very complex pieces of kit bristling with electronic technology. Repair bills can be high. So much so that one component failure can render the vehicle as scrap due to uneconomical repair costs. With much higher numbers of diesel cars around, we are hearing of diesel pump failures that will require replacement of the whole unit. This can be a £2,000+ repair cost.
“We are often asked by manufacturers how much value will be added to their latest models by safety aids and gadgets. There are many: stability control, lane departure warning, blind spot warning systems, auto parking systems, brake force distribution, anti-collision assistance – the list is almost endless.
“Some of these technologies have been pushed by legislation. For example, stability control is mandatory and tyre pressure monitoring systems will be from next year. The decision by car manufacturers to add more and more electronic wizardry is costing them a fortune in research and development, including the mandatory elements.
“All of these costs are, of course, passed on to the consumer. Unfortunately none of this technology adds any value to the car. For new car buyers they are nice to have features, but to the used car buyer they are seen as a liability, something else to go wrong. New cars are more like computers, but they are far too expensive to recycle before the normal lifespan has been reached.
“Crude oil prices have just come down again, but petrol prices continue to be high as the oil companies are reluctant to pass this cut on to the consumer. Demand for larger 4x4 vehicles is at its highest at this time of year, but more buyers might be tempted by models such as the Audi Q7 and Range Rover Sport if fuel prices were lower. Oh how the oil companies control our lifestyles! Merry Christmas.”
Over the last couple of years, MyCarCheck.com, MyMotorCycleCheck.com and MyTextCheck delivered around 4.5m consumer checks including those via AutoExpress and WhatCar?.
We use up-to-the-minute data from the Police National Computer (PNC), the Driver and Vehicle Licensing Agency (DVLA), the Association of British Insurers (ABI) and major finance houses including Lloyds TSB and Santander.
Our information is trusted by the UK's leading brands. MyCarCheck.com’s parent company, CDL Vehicle Information Services, performs around two million look-ups a week for companies including CompareTheMarket, Confused.com, Go-Compare, Moneysupermarket, Swiftcover and Tesco Compare.
To help UK consumers make the right choice, MyCarCheck.com can confirm in seconds whether your potential pride and joy has ever been scrapped, stolen or written-off, has any money owing on it, has had a plate or colour change and much more.
Know what you’re getting into: MyCarCheck.com