Is it mad to buy a new car in October?

Hi lads,

Am I mad to be considering buying new in October?  I got a very good price on a new Volkswagen Golf Edition R, saving just over €1,000 than if I waited until the New Year. I've shopped around and this is the lowest cost to change I've got. Most important thing to me is the lowest price for the car and I'll be keeping it for a good few years so depreciation is not too much of a concern. This offer has tempted me but I'm in two minds. Buy now or wait?

Eoin S (Dublin)

Oct 2011 Filed under: choosing new car

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Expert answer

Hi Eoin, 

It is really six of one, half a dozen of the other. If you buy now you get a better price on your trade-in and if you wait you will have a newer car, which because of the way our registration system works, will be worth less even if it's just a few months older. 

It all really boils down to how long you will be keeping your car. It won't make any real difference if you are keeping your car for more than four years. If you change every two or three years then I'd wait until January. 

In your case it sounds like it's worth going for.

Complete Car Adviser