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The cheapest and most expensive places to buy a used car

Cheapest and most expensive used cars

A new study has revealed some surprising regional variations in the price of a typical used car. Indeed, you could save thousands of pounds by travelling further afield.

There’s no north-south divide as such, but the research would suggest that heading north could bag you a good deal.

Three of the top five cheapest locations are in Scotland, namely Kilwinning, Kilmarnock and Prestwick. This would suggest Elvis Presley was searching for a great deal on a used car when he stopped by in 1960.

Gloucester and Wellingborough are the other two locations named as being great for cheap used cars.

Conversely, there’s a definite south-east bias when it comes to expensive used cars, with Chelmsford, Chatham and Acton named as places to avoid when hunting for deals.

Orgreave and Winsford are the other two locations named in the ATS Euromaster study.

You could save thousands

Cazoo 'Amazon' for used cars

Looking for some evidence? The research shows that a BMW 3 Series with 35,000 miles on the clock costs an average of £15,995 in Kirkcaldy. Meanwhile, the same car in Newton-le-Willows could cost £21,600.

Similarly, a 2015 Land Rover Discovery Sport with 38,000 miles on the clock might cost £19,495 in Kirkcaldy, but £22,500 in Chelmsford.

It goes without saying that the more commonplace the car, the greater the chance of finding a good deal. Vendors will be forced into offering discounts if the same car can be secured elsewhere for a lower price. Either that or they’ll have to put up with the car remaining on sale for a longer period of time.

As the UK’s most popular new car, there’s a ready supply of used Ford Fiestas on the market. Finding the right colour, spec and condition should be easy – just be prepared to travel.

The ATS Euromaster research found that Greater London has the greatest number of Fiestas listed at any one time. On average, there will be 200 Fiestas for sale in the area, with Poplar seeing the largest concentration.

The most expensive area for a Fiesta is Billericay in Essex. Alternatively, 30 miles up the road is the town of Layer de la Haye – the cheapest place for a Fiesta.

Click here to see more results from the ATS Euromaster study.

Leasing firm launches monthly car subscription service

Leasing firm launches new subscription service

A leading car leasing company has launched a new subscription service. Intelligent Car Leasing says it’s the first broker to offer the facility.

The firm has teamed up with Wagonex to offer contract lengths of between six months and two years. Everything except fuel is included in a fixed monthly fee.

Prices start from £311 a month for a Citroen C3, based on a 24-month subscription. Alternatively, the same price gets you a Citroen C1 for six months.

At the opposite end of the scale, a DS 7 Crossback costs £780 a month on a two-year subscription. Electric cars are also included: a Nissan Leaf costs £500 on a one-year subscription.

Insurance, servicing, maintenance, tax and roadside maintenance are included in the price, although delivery costs vary according to location and the choice of car.

‘Now is the time’

New site to simplify car-buying

Marc Murphy, head of sales and marketing at Intelligent Car Leasing, said: “Increasingly, consumers want new ways to access the services they desire, whether it’s for films, clothes or for online deliveries.

“We believe now is the time for consumers to switch on to the benefits of car subscriptions, where all services are wrapped into the one package, and there’s the flexibility to choose different cars when they want and to stop the subscription at their convenience. It really is the next step forward in car usership models.”

Joakim Thomter, head of platform at Wagonex, added: “Flexibility is the essence of car subscriptions, which allow the consumer to drive a car without any long-term financial commitment.

“We are an established player in the subscription market, and partner with a number of recognised automotive brands. This now includes Intelligent Car Leasing in the broker space.”

Car subscription forms part of a varied blend of mobility services in which Personal Contract Hire (PCH) is helping to fuel the move away from the traditional car ownership model. According to British Vehicle Rental and Leasing Association (BVRLA) figures, PCH accounted for 64 percent of all new contracts written in 2018.

Beige against the machine: the least popular car colours revealed

Beige cars take a while to sell

Can beige be beautiful? Not if you’re buying a new car it isn’t In fact, beige should be avoided at all costs.

Not only will beige cars shed value at an alarming rate, it will also take forever to find a buyer for your beige beauty. Beige: fine for hearing aids, old motorhomes and slacks. Not great for cars.

That’s according to a new study that looks into the depreciation over three years and the length of time it takes to sell a car. Beige believers look away now.

Not only will beige cars lose the most value after three years, they will also spend an average 46.6 days on the market. Of the ten colours in the study, yellow cars retain the most value after 36 months, but it’ll take 41.5 days to find a new home.

Orange and green cars are also pretty good at retaining value, which suggests the nation has a thing for citrus coloured cars.

Mazda MX-5 colours

It’s rather depressing to discover that grey cars spend the least amount of time languishing in the classifieds (34.2 days), which suggests we like our cars to mirror the colour of the sky above our heads. Surely beige is more beautiful than drizzle?

The study conducted by Crusader Vans found that silver, black and grey cars lose more value than blue, red, white, green, orange and yellow cars. There’s supply and demand at work here, with many new cars sold in sombre hues.

On balance, white is the safest bet, as it takes an average 35 days to sell cars in a shade that wouldn’t look out of place on your skirting boards, while the colour is the fourth best as retaining value. This should be music to the ears of Britain’s white van drivers.

Average days on the market by colour

ColourDays on the market
1. Grey34.2
2. White35
3. Black36
4. Green36.2
5. Blue36.8
6. Orange38.1
7. Silver38.8
8. Red40.9
9. Yellow41.5
10. Beige46.6

Click here to view the infographic.

Britain’s first contactless car vending machine open for business

buy a car via contactless payment

Auto Trader has launched Britain’s first contactless car vending machine. Yes, a car vending machine, through which you can buy a car with contactless payment on your phone.

The machine is located at Spitalfields Market in London.

It is, of course, a bespoke machine, one that allows purchases of up to £21,000. The car comes ‘pre-haggled’. There’s no negotiating on price, because the discounts have already been factored in.

This is all on-message for Auto Trader: the new and used car marketplace aims to encourage “buy and go” simplicity, confident in the price you’ve found through its service. 

The stunt is in response to research that suggests that Brits find the process of buying a car burdensome and unappealing.

buy a car via contactless payment

The machine took three months to design and build, by a team of six engineers. There’s even a key release and door release function.

A modern way of buying a car should put you in a modern car, shouldn’t it? Hence the vehicle on offer is the Renault Zoe. That ‘pre-haggled’ price is £16,000, taking into account the significant discounts buyers can find via Auto Trader.

The Zoe is one of the most-searched-for electric cars in the country, reveal Auto Trader search figures.

buy a car via contactless payment

“Today we’re showcasing a real-life version on what can be found on Auto Trader; brand new cars at transparent pre-haggled prices that you can drive away today,” said a spokesman from Auto Trader.

“The only difference is that this Renault Zoe can be purchased at the touch of a card, testing London car buyers’ appetite for electric cars as well as a more instant purchasing future.”

VW-backed used car marketplace launches in UK

Heycar launches in UK

Fresh from its launch in Germany in 2017, the Heycar used car online marketplace has gone live in the UK.

Heycar is a brand owned by Mobility Trader Holding GmbH, whose shareholders are Volkswagen Financial Services AG and Daimler Mobility AG.

Around 100,000 used cars are already available on the site, all with no more than eight years on the road and 100,000 miles on the clock. Most cars follow the manufacturer’s approved used car standard, with others using the AA’s 128-point vehicle check.

As a bare minimum, all cars come with at least 30 days’ warranty.

‘First step towards an international expansion’

Heycar in Germany

“We are pleased that Heycar has now taken the first step towards an international expansion,” said Frank Fiedler, CFO of Volkswagen Financial Services AG.

“Following the positive reception of Heycar in Germany, we now want to serve dealers and customers in the United Kingdom just as successfully and thus further expand our used car business.”

Heycar says it will continue to add more vehicles to the platform as it expands its dealer network and will offer cars from nearly 50 brands. In Germany, around 400,000 vehicles are available online.

In effect, Heycar operates as a ‘middleman’ between certified dealers and the general public. Private individuals or dealers selling older cars are unable to use Heycar – this is a site for warrantied nearly-new vehicles.

‘Disrupt the industry’

Chevrolet Spark

Mat Moakes, CEO of Mobility Trader UK Ltd, a wholly-owned subsidiary of Mobility Trader Holding GmbH, said: The UK used car market, the second largest in Europe after Germany, works inefficiently for buyers and dealers.

“Heycar will disrupt the industry through a simple, tech-led proposition and will take market share from the incumbents to become the number one site for high quality used cars in the UK.”

Of the 98,830 cars available now, the cheapest is a 2012 Chevrolet Spark with 53,746 miles on the clock – yours for £2,390. At a cool £1,195,000, a 2015 Porsche 918 Spyder is the most expensive vehicle, followed by a 2017 Aston Martin Vanquish for £624,950.