For a seemingly endless list of reasons, you could argue that now really isn’t the time to be making any big spending decisions. COVID-19 has had a massive impact on the way most of us live our lives, both in terms of everyday activities and our spending habits. Particularly for those who have been hit hard in the wallet, writing off all major purchases indefinitely seems sensible.
If nothing else, research suggests that millions are putting important purchase decisions on hold until next year at least. One example of which being upgrading to a newer or better car, which apparently isn’t something many people are planning on doing in 2020.
But here’s the thing – there are actually several strong arguments in favour of taking the plunge right now. Primarily due to the fact that most people aren’t planning on buying a car anytime soon, it’s a unique and rather rare scenario that could work out in your favour.
Low Demand = Lower Prices
To be frank, you really don’t have to be a world class economist to get to grips with what’s going on right now. In all competitive industries, periods of low demand result in lower prices and more attractive offers. For reasons that need no explanation, the overwhelming majority of would-be car buyers indefinitely shelved their purchase plans during the height of the COVID-19 crisis.
The result of which was (and still is) dealerships across the UK with massive backlogs of inventory they simply couldn’t shift. All of which being compounded by the problem that major vehicle brands have no intention of slowing down their development, production and distribution of their latest models. All the latest 2021 models are heading for the showroom as we speak, leading to all-out desperation in some instances to shift older vehicles.
Discounts vary enormously from one dealership and vehicle type to the next, but it’s perfectly possible right now to save thousands of pounds on the usual RRP. You’re also more likely than in a typical period to have all manner of added extras thrown in for free, in order to sweeten the deal and close the sale.
Shopping Safely for Vehicles
We’re approaching a time where some semblance of normality appears to be creeping into the equation. Nevertheless, it’s likely to be quite a while before it’s considered safe to get back to ‘normal’ life as we knew it. Hence, if planning on making the most of the current COVID-related deals and discounts, be sure to prioritise your health and safety.
Social distancing in showrooms, appropriate hygiene before and after test driving vehicles, ensuring the sellers you do business with take appropriate precautions like wearing masks and so on. Not the most enjoyable or comfortable shopping experience, but one that could nonetheless net you enormous savings.
And if you’re planning on scrapping your existing vehicle when trading up, we’re standing by to offer you an unbeatable deal on your scrap car. Contact a member of the team at Take My Scrap Car anytime for an obligation-free quotation on your end-of-life vehicle.
