Friday 24 May 2019

Why it's stick or twist time for buyers of 181-reg cars

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Eddie Cunningham

Eddie Cunningham

This can be a strange, slightly agonising time of the year for new car buyers.

They are faced with a simple question, do they go for one of the many special April deals and get a 181-reg, or is it more prudent to hang on and wait until July for a sparkling new motor with a 182-plate?

Many people who can't afford a new vehicle would say it is a nice problem to have.

But, at the same time, there could be hundreds of euro at stake.

Relatively speaking, the window to buy is narrow enough now - nearly mid-April - if you are going to get reasonable value from your purchase.

There are several pros and cons to be weighed up - every buyer's case is different.

But here are a few of the more obvious reasons to stick or twist.

For buying now:

* There are some great deals and allowances in an extremely competitive market.

* The cost to change could be lower than in July if you get the right deal.

* Your own car - if you have a trade-in - is probably worth a bit more now than it might be in July because it will be a few months older.

* Dealers are under pressure to meet targets, so there may be a few extras to sweeten the deal. These all add up.

* You can plan your summer holidays with a key decision made. That is not meant to be funny. You would be surprised at how many people will not buy in July for that very reason.

* You get longer in an '18' reg than if you hold on. A minor matter but an influence for some, I'm told.

For buying later:

* There will inevitably be more scrappage deals and allowances announced, especially in the countdown to July as dealers make the most of what has become a tight selling aperture.

* Many of the 182-cars will have been boosted by additional equipment without major price hikes.

* Many will have been given a visual/technical overhaul as well. It was noticeable last year how many major revisions made it onto the market. While now strictly brand new cars, they are advances on existing models.

* You've got the long, free and (hopefully) warm evenings to sample and sift rather than rushing to do it on a wet Saturday in April.

The most important thing to do is shop around because there are lots of specific deals out there, and a little bit of research could save a tidy sum.

Indo Motoring

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