2009 a good time for car owners to cash in

Reports from benchmark industry guides both confirm that used car prices are on the up in 2009. The BCA’s Pulse Report and Glass’s Guide substantiate a continued increase in the value of previously owned vehicles, spelling good news for motorists thinking about selling.

April 2009 saw the sixth consecutive month on month rise, with prices at auction rising by an average of £59. This suggests the market is beginning to stabilise after the year’s early big increase of £400 plus.

Combined with a growing retail demand for used vehicles, which has been fuelled by a drop in new car sales, now could be the ideal time to cash in on that car.

This has helped to fuel the growth of online valuation and purchasing websites. The UK’s leading independent online car buyer with 31 locations across the UK, webuyanycar.com, is certainly feeling the impact of increasing prices. “After a period of uncertainty when people were happy to stick with their cars, we’re now seeing more and more motorists cashing-in” said a company spokesman. “Because the demand for used cars is at a real high, webuyanycar.com is able to offer a great price.”

webuyanycar.com also cuts out the need for any expensive classified or online advertising for car sellers. By simply guaranteeing to buy any make or model in any condition from £50 to over £100,000 – even without an MOT – the company aims to save car sellers time, hassle and money.

So for those thinking about trading down from two cars to just one or selling their spare wheels in these recessionary times now’s a great time to get a better price.