Quantcast
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

Shortage of New BMWs, SAABs and Volvos

Sat, 14 Dec 2002
The 49,792 Norwegian registered Tricolor transporting 2,862 new RHD BMWs, SAABs and Volvos to Southampton collided in fog with the Bahamas registered Kariba on Saturday morning, and sank in 30 motres of water 30 miles off Ramsgate.

In a spokesman's words, the cars are all written off and to meet orders they will have to be scheduled back into production. It means that cars due for delivery by Christmas won't now get here until Easter.

Such a severe cutback in supply is bound to affect market values of nearly-new SAABs, Volvos and particularly BMWs. So anyone who just took delivery of a new 3-Series is sitting in a very solid invesment right now.

Anyone expecting a new BMW, SAAB or Volvo for December or January delivery should get in touch with their franchised dealer to find out if their car is at the bottom of the sea.

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 £9,304.93

Total cost of credit £1,804.93

£155.08

60 monthly payments

Apply now

Representative example

The Representative APR is 13.2% (fixed) so if you borrow £7,500 over 4 years at a rate of 13.2% p.a (fixed) you will repay £199.21 per month and repay £9562.20 in total.