Could a New Car Cost You Less Than a Second-Hand One?

Recent reports and articles have suggested that, in certain circumstances, buying a new car on finance could ultimately be more cost-effective than selecting an Approved Used model.

With manufacturers regularly providing special offers and finance packages across their new car ranges, the options for drivers buying on credit are wider than ever.

In a survey by What Car? Magazine, it emerged that new cars bought on Personal Contract Purchase or standard hire purchase agreements over three years may ultimately be cheaper. This was the case in roughly half of the options researched, in comparison to purchasing an Approved Used alternative under the same conditions.

A further advantage of newer vehicles is their relatively higher efficiency, with a direct impact on running costs. Drops in CO2 emissions also keep business outgoings and insurance brackets lower.

Discuss your car finance options with a Lookers specialist at your closest dealership. Our network of manufacturer-approved locations provides a wide variety of the latest models.