THE minute you drive your brand new motor off the forecourt, it starts to lose some of its value. And while the percentage lost may vary between models, it's almost impossible to stop the resale price of your car dropping as it gets older. But there are a few easy steps every car owner can follow to make sure their motor depreciates as little as possible, and still sells for a decent sum when it comes time to upgrade. Online marketplace, Gumtree, has revealed a few tips to maximise the value your car retains. According to the experts, buyers need to think ahead when purchasing a new car. Opting for a popular model could make it easier to resell down the line, and steering clear of expensive and unnecessary extras will save you cash in the long run. Easy tips to make sure your car retains as much value as possible Purchase choice: Buying a car which is in high demand, or has a reputation for being reliable will mean it can hold its value better - a bit of research can make a big … [Read more...] about Easy steps to make sure your new car retains as much value as possible for when it comes time to resell
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By James Osborne Updated 10:01 am, Monday, May 14, 2018 Photo: Daniel Acker / Bloomberg Image 1of/1 CaptionClose Image 1 of 1 A Phillips 66 logo is seen on a gas pump as a car is filled a Beck's station in Princeton, Illinois, U.S., on Monday, March 5, 2012. Prices have increased 15 percent this year and are 7.8 percent higher than a year earlier. Photographer: Daniel Acker/Bloomberg less A Phillips 66 logo is seen on a gas pump as a car is filled a Beck's station in Princeton, Illinois, U.S., on Monday, March 5, 2012. Prices have increased 15 percent this year and are 7.8 percent higher than a ... more Photo: Daniel Acker / Bloomberg Is Trump backing off opposition to new car mileage standard? 1 / 1 Back to Gallery WASHINGTON - The Trump administration is showing signs it might be willing to back off its hard line … [Read more...] about Is Trump backing off opposition to new car mileage standard?
Share This Story! Let friends in your social network know what you are reading about Facebook Email Twitter Google+ LinkedIn Pinterest New-car shoppers: Brace yourselves for higher costs, longer loans The average price paid for a new car stands at $34,623, compared with $31,078 five years ago. Interest rates also are higher, at about 5.7% versus 4.4% five years ago. As those costs rise, consumers increasingly are stretching out the life of their loan as well. Sent! A link has been sent to your friend's email address. Posted! A link has been posted to your Facebook feed. 1 Join the Conversation To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Sarah O'Brien, CNBC Published 2:05 p.m. ET April 19, 2018 CLOSE If you’re thinking about buying a new car, it may be your ZIP code that could give you the best rebate deal. Josh King has the story (@abridgetoland). Buzz60 CONNECT TWEET … [Read more...] about New-car shoppers: Brace yourselves for higher costs, longer loans
Most of us know the new-car basic warranty, often referred to as the “bumper-to-bumper warranty,” is designed to protect the owner against any factory defects during the first few years of ownership. But did you know this coverage doesn’t actually apply to the bumpers? The vehicle’s bumpers are considered body panels and so aren’t covered. The basic warranty is just one kind of coverage that comes standard on a new car. Here’s an overview of new-car warranties and seven things you might not know about them: WARRANTY BASICS A new car comes with a basic or limited warranty, which covers everything except body panels, drivetrain components and wear-and-tear items such as brake pads, oil filters and wiper blades. It also comes with a drivetrain warranty, which covers most of the parts that make the car move, such as the engine, transmission, drive axles and driveshaft. Most carmakers provide roadside assistance. Some also offer free maintenance for a … [Read more...] about Edmunds: 7 things you may not know about new car warranties
A new car's first MOT will remain at the three-year point, after a Government proposal suggesting a car's first MOT should be after four years was scrapped with concerns over safety.Following a public consultation, the decision, which was set to take effect later this year, has been overturned. Fewer than half of the public consulted were in favour, with the main concern being the safety risk involved in delaying the first MOT of a car until its fourth year.The current three-year period needed before a car's first MOT was introduced in 1967, when it was reduced from 10 years. In the proposal, the Government said "safer technology and improved manufacturing" have resulted in "new vehicles that stay roadworthy for longer." The government originally suggested the proposals would save motorists around £100 million per year, although responses in the public consultation asserted that the safety risk outweighed the potential saving. The MOT test … [Read more...] about Four-year MOT exemption for new cars scrapped