Used cars for new prices as COVID drives WA sales through the roof

Used cars for new prices as COVID drives WA sales through the roof By Emma Young When Colin Taylor knew his car was not long for this world he thought he would just pop down to the dealership and replace it. Little did he reckon with a soaring WA market, countering trends in the rest of the country, in which customers are experiencing months-long delivery delays, buying higher-end models than they wanted, and buying used for new-car prices. Colin Taylor with his new car. The model of Mitsubishi Triton Mr Taylor wanted wouldn’t be available for six or seven weeks, his dealer told him. “I figured that would mean 12 weeks,” he said. “So I opted to buy a new one they already had in the showroom. “I needed the car urgently. My existing vehicle was on the way out. I paid about $6000 more. “There are so many people waiting for new cars, plus they also told me people were buying used cars with low kilometres at much more expensive prices than the…
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Used car prices surge at record rates as public transport shunned

Used car prices surge at record rates as public transport shunned Australians are driving up the price of used cars at record rates, taking advantage of the cheapest petrol prices in two decades and big incentives for businesses buying equipment and vehicles amid health fears about using public transport. While new car sales have dived, demand for used vehicles is now so high prices for second-hand cars have jumped 25 per cent above what they were in August 2019 according to Moody's Analytics data, which tracks transactions at car marketplace Pickles. Liam Baverstock, branch manager of Pickles in Canberra, has seen prices surging for used cars.CREDIT:ALEX ELLINGHAUSEN

This is a record annual growth rate, surpassing a previous 20 per cent price rise in December 2009 following the global financial crisis, and comes after…

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How to avoid the hidden costs of a new car

How to avoid the hidden costs of a new car When buying a new car, the list price is only a starting point – it’s essential to factor in running, warranty and car insurance costs to know what you’ll really pay. 1. Know what model you are after but be flexible with the specs Car dealers love buyers who have no clear idea what type of vehicle they are after. A good salesman can steer the buyer around the showroom and sell them a vehicle that has the best financial incentives for the salesman. Sales managers don’t like stock that hangs around too long, either, since its costs them money in terms of floor plan financing so not surprisingly they may be very keen to shift slow-moving models. You can make this work in your favour if you know the exact make you’re after and the dealer’s stock controller had a brain fade and ordered a bunch of cars with weird colours. If you’re flexible with the specification level, colour and options, you could walk away with a better deal in fina…
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Drive-away pricing

Drive-away pricing vs. on-road costs: what to look out for  

IF ONLY buying a car was as easy as paying the advertised price and then driving away. Unfortunately it’s not, and these are the costs to look out for.

Be careful of car pricing.Source:Supplied

“DRIVE away, no more to pay”? Well, you’d kind of hope so, wouldn’t you? Once you’ve driven the car out of the dealership you don’t really expect to pay for anything more than fuel and funding the lives of traffic-light windscreen washers.

But then, so many advertising phrases make little sense — “I bought a Jeep (in an upbeat tone), “I can’t believe it’s not butter (why not, that’s what it’s called?) or “Building better kids, one punch at a time” (from a martial arts-school ad) — but slogans like “drive-away pricing” and “no on-road costs” are right up there in the pantheon. They both sound simple enough, and covering “o…
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