Should I wait until January to buy this Focus Estate?
I have a Ford Focus Estate with 170,000 miles on the clock. I intend to change it for another Focus Estate with 55,000 miles on the clock for €11,000 this month. There is only a choice of two near me. Both about the same mileage and price. Should I wait until January 2014? Will there be more choice then? Will a 2009 car drop in price on 1st January if I gamble on it being still for sale then?
Thanks, Green wood worker
Kevin Downing (Dublin)Oct 2013 Filed under: used car values
Expert answer
Hi Kevin,
Although the extra year on the car will have a small effect on the price, waiting until January probably won't help very much. There was a dearth of new car sales in 2009, which is propping up the second hand prices of cars sold in that year (and indeed in 2010, 2011 and 2012). Unless there is a vast rush of buyers trading in used cars for new on Jan 1st (which is, let's face it, unlikely) then the price of a 2009 model isn't especially likely to suffer a significant drop.
Neil Briscoe - Complete Car Adviser@neilmbriscoe