Recession Tips: Getting Great Deals on New Cars

Whether we're facing another recession or we're on the road to economic recovery, there are plenty of opportunities to save money on big investments like new cars. Given that it'll probably be the second-biggest thing you'll buy in life after a house, you can be sure to save a few quid on the transaction with top-quality haggling when looking at cheap new cars at Evans Halshaw. With these top tips, you can easily keep hold of additional cash once you've made the payment.

The Society of Motor Manufacturers and Traders revealed back in June that there were just 183,125 new car registrations during the month, highlighting a 6.2% fall on the June 2010 figures. Making it the 12th consecutive monthly decline in sales of new cars, the industry is lowering prices to stimulate sales. This is the first thing people should bear in mind; buyers must maintain confidence to get a good deal, as car manufacturers and sellers are very wary of the need to sell vehicles.

To get an even better deal, it is very much worth doing plenty of research in car review magazines like What Car?, as these provide average asking prices for motors. Don't overlook these as the first thing to browse, though check online showroom prices alongside car sales and auction sites, looking as transaction history for the model or make you desire.

Set your budget soon after doing this research. Do not forget to include tax, insurance and petrol costs, as well as initial depreciation when buying the brand new car. After all, you will likely lose over £1,000 when you pull away from the forecourt. Many models can lose as much as 20 per cent of their value this way.

Franchised dealers like Evans Halshaw are usually the best option for new cars. You will have access to a competitive rate on a chosen make and model, as well as having access to a full service history. They will also happily haggle, though many tend to throw in optional extra benefits on top of the product itself, such as insurance and tax or even higher-quality tyres.