Are New Cars Becoming More Expensive?

There’s denying that new cars are more expensive than ever before. To understand why is to take a deep dive into their construction, safety regulations they need to meet, and energy laws to abide by.

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When you take in the engineering, technology, safety, and design of new models – which can run to hundreds of millions of pounds – to develop a new platform, it is quick to see why new car prices have skyrocketed. The architecture and design of new cars is enormously expensive. They build the price of warranties and service plans into the car’s retail prices.

The demand for new cars has steadily fallen for the past few years around the globe, and the novel coronavirus pandemic put another major dent into new car sales figures. In fact, it slowed the production of vehicles down, with about 60 percent reduction in manufacturing because of the interruption to their supply chains.

All that comfort, luxury and those array of convenience features come at a price. From reverse cameras, lane-keep assist technology, electric powertrains and more, raise their price. They offer a model with few standard features. The more features you’d like in your vehicle, the more you’ll need to pay. Trim lines can vary from adding metallic paint to adding touchscreens and advanced driving aids, with the price tag rising from £500 to £5000. The sales model of new cars doesn’t offer freebies to buyers: everything and anything a buyer would like added to their cars from the dealer’s brochure is possible – only when paid for by the buyer.

Often misunderstood are the implications of new car pricing and taxation. For Vehicle and Excise Duty (VED), tax payable on new cars has risen. These taxes include CO2 emission figures. Only zero-emissions, pure-electric vehicles are exempt from this tax. In fact, by 2030, the UK government has stated that we may sell no new cars after that date with ICE (Internal Combustion Engines) technology.

Of course, Britain is an Island market. Most of the cars on our roads are imported. Importation raises the costs for retailers, who then pass those costs onto buyers. There is also very little competition for new vehicle sales: dealerships and brands don’t have to compete with neighbouring markets for customers or price.

The increased cost in development and engineering of EV (Electric Vehicles) means that EVs are more expensive to buy. It costs a lot more to manufacture a car today and the next generation of vehicles built to meet future demands, regulations, and technologies require … Read More..

HOW TO PREVENT GETTING SCAMMED WHEN BUYING A SECOND-HAND CAR

There is nothing worse than believing that after buying a second-hand car, you have secured gold, only to discover a string of hidden problems! To avoid paying a high price for a brand-new vehicle, most .people buy used cars, but if you do not know how to tell the difference between a reputable dealer and a scammer, you might end up incurring more debt than you were hoping to save.

Here are six ways to avoid scammers:

1.  Buy from a trustworthy dealer

Although on websites such as Kijiji, Facebook Marketplace, Craigslist, and AutoTrader, you will find lots of shopping choices, you will need to be extra careful. Usually, these sites do not include screen vendors, so there is no way to say whether they are good or not. Check out car services reviewsalso to ascertain their trustworthiness.

Reduce the chances of being defrauded by working only with people who have licenses from dealers.

2.  Never trust online pictures

“I’ll believe it when I see it is a perfect adage to live by when looking for second-hand cars. These days, it is too easy to frame fake pictures, so always decide to meet with a seller before making any offers. With Photoshop, dents, bruises, water lines, and other damage can be removed easily by anyone.

3.  Do not pay until you meet the seller

Before making the deal, a seller who would not let you see the vehicle was probably never intending to hand the car over to you. Be cautious of people who come up with all sorts of excuses to get out of a meeting. If they are out of the country,” “on military duty,” or “attending to a sick family member,” do not entertain dealers who use sob stories and awkward environments to get out of face-to-face meetings.

4.  Pay via secure means

Even if you trust your seller to the max, do not let your guard down just yet! Never agree to pay through any website you have never heard of when it comes to handing over the check. Unsecured pages, like your credit card numbers, will steal your private information.

5.  Go with a mechanic

It makes you a red-hot candidate for secret damage and fees. Do not turn up to a viewing alone. Hire a mechanic to tag and carry out a detailed inspection of your vehicle. While you may evaluate the car at face value, a mechanic can provide you with a professional evaluation of the vehicle’s working condition.

6.  Review all the paperwork

Speaking of paperwork, always check if it accounts for all the requisite paperwork. Here are some essential documents:

Report with registration: This document provides the vehicle and the current owner with details. You can also find the VIN, which you can use with CARFAX services to look up the vehicle’s full history.

Certificate of safety norms and certificate of pollution conformity: These certify that a vehicle complies with the law and is roadworthy.

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What You Need to Do if You Want to Sell Your Car

Many people think that the process of selling a car is as simple as deciding to sell the vehicle and making an ad about it. If you want to sell your automobile at the best possible price, though, it’s not enough to make a for-sale post. There are other things you need to do.

Prep Your Car

Experts in the sale of used cars in Utah believe that a for-sale vehicle needs to be prepared before it is offered to potential buyers. It is possible to take flattering photos that hide the defects in the car’s body or external features. However, it won’t be easy to convince a potential buyer to spend their money on something that does not appear well maintained.

Dirty carpets, stained seats, and punctured upholstery make a car unattractive to potential purchasers. You can tell them that these are easy to clean and replace, but it will not take away the first impression they have of the vehicle.

For many, the appearance of a car says a lot about its maintenance. Even if people find no issues with the engine or the functions of the unit, they will likely associate the appearance of the vehicle to the remaining service life.

Set the right Price

Do some research to determine the best price for your vehicle. The price can’t be so high that nobody bothers to send an inquiry. It can’t also be so low that you end up getting virtually nothing out of the sale. Provide an allowance for possible price negotiation. The recommended price is one that will let you sell the car at around 90% of the amount you posted in the ad.

Prepare the Complete Paperwork

It will be difficult to sell something that has paperwork issues. Make sure you have all the necessary documents ready. You also need to give the car’s handbook or manual to the new owner, so make sure you have it. When doing the sale transaction, all important documents should be prepared and signed accordingly. Prepare two receipts and multiple copies of the deed of sale.

Post Your Ad in Various Locations and Platforms

Don’t rely on a single site for your ad. Don’t limit your posts on Craigslist or Facebook. Explore many other possible sites. However, you need to make sure that you can keep track of your ads. Ascertain that inquiries go to your email or phone number.

Avoid making multiple ads on the same sites on the same day. Doing so makes you appear desperate to sell the unit. Potential buyers may want to bargain if they are under the impression that you are rushing the sale. Aim for the best possible price for your car by making sure that the vehicle looks worthy of the price you are charging. Don’t let possible purchasers find an opportunity to justify a price reduction just because of the way it looks.… Read More..