Unique price-drop car auction offers over £1m in savings
The UK’s first price-drop car auction has launched, and it’s already bringing an average saving of £930 to car-buying Brits. Over 1,000 retail-standard vehicles are available now on the UK Car Exchange website at ukcarexchange.com, and the price of every car drops automatically every day.
Buyers can secure used cars at prices which are, on average, nine per cent below the level indicated in the price guides relied upon by the trade. This equates to a £930 saving for the typical car currently being advertised. Across the site’s extensive stock range, that amounts to over £1million of savings. What’s more, the price of the typical car listed is currently dropping by £84 per day.
Choice is another key benefit of the UK Car Exchange site: the current stock list features cars with a starting price of £2,500, as well as premium-badged models advertised at over £30,000.
The cars offered for sale at ukcarexchange.com are sourced from approved, reputable motor trade companies, such as franchised dealers and established leasing organisations. All sellers comply with the site’s quality standards concerning the condition and description of vehicles for sale. Detailed listings give buyers a full appraisal of each car, including specification and technical information, accompanied by up to nine images.
The daily price drop ensures that cars sell fast and buyers make considerable savings compared to other channels. Moreover, unlike many other used car listings sites, ukcarexchange.com also enables consumers to reserve and purchase their desired vehicle online.
It only takes £119 to reserve a car when it reaches the price that suits a buyer’s budget, providing a rival bidder does not beat them to the purchase. The seller then contacts the buyer to arrange a test-drive and vehicle hand-over. The reservation fee is fully refundable if the customer is not entirely happy with the vehicle upon inspection. For added peace of mind, all cars sold through ukcarexchange.com come with a minimum three-month warranty.
“We are really excited to be bringing this new concept to the car-buying public,” says Tony Hinkley, managing director at UK Car Exchange. “Consumers now have the chance to get a much better deal on their next used car, and they can benefit from a lot more choice. Vehicles never before available to the general public are being offered at prices that can’t be found elsewhere in the market place. A wide range of sellers have already signed up, from major retail groups, to car supermarkets and independent dealers, so there is plenty of choice for consumers.
“We believe this will become a well-established way of buying used cars, with so many vehicles on offer at very competitive prices. Consumers will quickly grasp the concept of the price-drop: namely, that you can’t always hold out for the price of your desired car to fall further because another buyer could be ready to pip you to the purchase.”
A UK-based operations team is available seven days a week to guide buyers through the purchase process – ensuring a quick, easy and secure transaction, and removing the hassle and expense of traditional car-buying methods.
More details on how to get started are available at ukcarexchange.com.
