More car dealers close in recession

Call and see what can be bought in motor auctions. I've recently attended a number of auctions where motability cars are sold and whilst the odd one has been badly treated some of the cars are like new (For example a superb 08 Fiesta Ghia with 2,000 miles in brand new condition - that sold for about £2500 under what a dealer would sell it for) Still with warranty. The place was awash with dealers from big companies buying cars like this up. My advice would be sell your car privately and go to an auction - you will save £££'s.It will open your eyes as to the true value of the car you want - forget forecourt prices The Fiesta that sold for £4700 ended up on a dealers lot at £7495 -

My 3.5 year old Focus (30,000 miles) which cost me £12,000 has now been valued at just £5000 in PX against a nearly new £13,000 Focus with 2000 miles on the clock Says it all really dosen't it?All UK cars are overpriced to start with and whilst I accept a deal can be done it is heavily in favour of the Dealer.

This is the result of a bubble known as the Car Bubble after the housing bubble. I have been checking car prices during the past two years .Most of the cars offered in the market are at least 30-40% more expensive than before. Many of the options that used to be given as standard with a new car are being offered at a cost. The standard and the quality of the cars being offered are also much lower compare to 2 to 3 years ago but they are a lot more expensive. So after all we are all paying for the Banks CEO's ,the MP's, the Lords , and the Royal family.

The main reason for the closure of some of the dealerships is because the cars have beocme very expensive and less affordable. For example a Ford Fiesta which was around 8700 pounds not long ago is being offered at around 12800 pounds this year. The same could be said for many others cars such as VW, Toyota, Honda as so on. The gap between affordability and income has widened and the banks are unable to fill that gap. A 20 to 30 percent rise in car prices has been the main reason for the current crises.

I have recently changed a Honda Civic for an Accord and found the deal! It is fair to say there are customers who wish to "bag the greatest bargain ever" during the recession without realising common sense must prevail and the dealer does not have a bottomless pit! I am not in the motor trade but have been in sales all my life and have worked around car sales and if you really want to get a bargain follow these simple rules: Go for the larger petrol engines, in unpopular colours such as Blue, Green and Yellow, try and sell your present car privately and opt for the dealer finance plan (dealer earns commission part of which they may be prepared to offset against their profit) and if possible settle it with a cancellation fee after driving away, but be sure to read the small print of what the fee will be to cancel and avoid like the plague, any extra warranty offers - they're not worth it and are costly. Use any or all of these tips and u could be driving that new car sooner think!

They dont have the finanace deals they once had. I want to swap my car but they can't do the right deals. Fine I will hang on to my car. I am not paying throug hte nose and putting in even bigger deposit than I have previous years. Will just wait for the car to be paid off!

Drop Your Prices Especially Ford or the Bubble will burst