Interest rates have been super low for years so rather than investing in a savings account, why not invest in a classic car? And we’re not talking about putting money into a motor with a famous name such as Ferrari, Maserati, Aston Martin or Jaguar.
Experts are claiming that the prices of many cars once considered run of the mill are on the up. It’s been fuelled by enthusiasts who following the pandemic find they have more time and funds on their hands. It means finding an old car might make a more sensible investment than putting your money in the bank.
The COVID-19 pandemic has forced many activities online, car buying among them. If future lockdowns dictate that all car dealers must close again, more of us will have to buy our next car over the internet. But how secure is it? What’s the choice like? Can you haggle over the price? And how likely are you to end up with a dodgy motor?
Car showrooms aren’t exactly rammed with people in the run-up to Xmas. But there might be a good reason for that…
Is it time to change your car? Looking for a bargain new or used motor? If that’s the case, it could be time to dust off your haggling skills and go December car buying. Of all the times of the year, the run up to Christmas is arguably the best to grab a car bargain. But will it save you in the long run? We weigh up the pros and cons of buying a car in December.
Why December may not be the best time to buy a car