Dealers Offer Massive Discounts for New Cars
According to The Telegraph, dealers are offering huge discounts on official prices in an effort to boost demand for new cars which has decreased due to the global recession. Thus, you can buy some popular models for almost 50 percent less than their list price, with discounts worth several thousand pounds available.
"If ever there was a time to purchase a new car it is now, it is a sale of the century", said Edmund King, president of the AA.
On the one hand, there are voices who claim the bargains won't last for too long, so interested buyers should hurry up if they want to benefit from the amazing discounts. On the other, experts predict the discounts could last up to 18 months if the demand for new cars continue to fall.
More importantly, the most impressive bargains can be found through Internet brokers who buy cars from the manufacturers in bulk at the lowest prices they can negotiate. One important Internet broker is drivethedeal.com which is currently offering a discount of £7,000 - or 46 percent - on the list price of a five-door Citroen Xsara Picasso and 25 per cent off a Land Rover Discovery. Seeing such a discount, who would resist the temptation?
"It is a bonanza for car buyers, people are buying cars for thousands and thousands of pounds less than the price they paying a year ago for the same car," said Richard Sanders, managing director of the Web site.
Another Internet broker competing with the aforementioned web site is giving away the new Nissan Murano 3.5 V6 at a 48 percent discount - 40 percent less than its own price a year ago. And this is only an offer among the many others.
If new cars are offered at half price, the remaining question is: what will happen with the second-hand car industry? Apparently, it will not be largely affected by the massive discounts for new vehicles.