Used cars could go up in value

8 June 2009
Used cars could be a good investment at the moment, it has been suggested.

Writing in the Mirror, Quentin Wilson revealed prices for second-hand vehicles have been relatively steady recently - and some have even gone up - as a result of a shortage of autos.

He explained prestige motors are proving particularly popular - noting one BMW dealer is currently in the process of buying a rare Z8 for about £60,000 to £70,000 because he thinks it will soon be worth £100,000.

Wilson revealed larger vehicles like 4x4s are also doing well at the moment.

In light of the buoyant market, the motoring journalist advised used car buyers: "If you do come across something that's significantly behind book, snap it up, because you'll probably make a profit come Christmas."

This comes after Cap announced there had been little change in second-hand auto prices this month as a result of greater stability in the industry.

Autoweb.co.uk for all your Used Cars & Second Hand Cars - www.autoweb.co.uk