Is your car your pride and joy, or are you ready for a change? Let us know and you could win a £300 John Lewis voucher | No thanks

Best to buy in the UK?

Thu, 26 Apr 2001
In a recent analysis, Car Price Check (www.carpricecheck.com), the independent motoring price monitor, revealed around three-quarters of all new cars in the UK are either cheaper than the same model sourced in Europe, or are not available outside of the home market.

An analysis of 7 million prices shows that the new car market is clearly defined:

* 16% of models are cheaper in the UK when compared to Europe
* 4% of models only deliver a negligible benefit (less than £500) when bought from importers
* 25% of models are more competitively priced from Europe
* 54% of the entire inventory is only available from UK suppliers, who offer the consumer greater choice
* Importers only supply 0.5% of all automatic models available

Steve Evans of Car Price Check says the results show that dealers only use the manufacturers 'list price' as a benchmark for discounts. "It is now a matter of fact that dealers will offer improved terms on the recommended retail prices," he says.

Comments

Add a comment

 

Ask Honest John

Value my car

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £8,930.17

Total cost of credit £1,430.17

£186.05

48 monthly payments

Apply now

Representative example

Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.

CarFinance 247 Limited is acting as an independent credit broker

Universal Square, Devonshire Street North, Manchester, M12 6JH