A new study by on-line marketplace Carwow has found how mileage severely impacts the value of used cars. The study reveals car valuations can drop by a staggering 27% once they tip over the 60,000-mile mark. As a result, owners looking to sell are now being advised to do so before their vehicle hits this 60k mileage milestone, typically when a new car's … [Read more...]
Beware pitfalls of buying privately, warns Ombudsman
The Motor Ombudsman has warned motorists not to cut corners when buying their next used car. The cost-of-living crisis has led to an increase in first-time buyers considering cheaper options when the time comes to purchase their next vehicle. However, despite mounting costs elsewhere, the Motor Ombudsman says a used car is certainly not an … [Read more...]
Brits still love the car showroom
The reopening of car showrooms is good news for the industry, as research finds that the majority of car owners (76%) still buy their cars from a showroom, with nearly a quarter (24%) of these second-hand cars. The survey of 2,000 UK drivers, which was commissioned by InsuretheGap.com, a leading supplier of GAP Insurance (Guaranteed Asset Protection) for … [Read more...]
