Used Cars Cheaper In The New Year 2009

[junkofdavid2]

Would used cars tend to be cheaper early in the new year for the following reasons?

1) The same used car is now psychologically "1 year older"? (i.e. A 2001 corolla jumps from 7 years old to 8 years old)

2) The car companies launch new models with new body, thereby making a used car look even more out of style than before.

Any thoughts or opinions on this?

I want to buy a used car soon, wondering if it's worth waiting till end of the year. Nothing urgent, but I'd like to buy one anyway.

[thaicbr]

Here in Thailand they might go UP in price due to the garage having it in stock longer. No i dont think prices change that much. its not like the UK where they register the vehicles at one time.

Allan

[chivo]

also thailand don't roll out new designs every year as they do in the states...

they tend to update a model every few years at best!

[garyh]

If there are a lot of people losing thier jobs there will be a lot of repossesion etc which will mean more used cars on the market and less potential buyers.

[BWPattaya]

Secondhand car prices are usually higher than you expect, but it also means the resale value is higher when you sell.

Garyh is right about repossessions. My wife's family have a garage business up north and buy their cars at auction. Bargains to be had, just check the car carefully before you bid.