Nearly five million motorists will look to purchase second-hand cars in the six months from the end of February until August this year, it has been claimed.
On average, these drivers will spend £4,636 each on the products, Sainsbury’s Finance, which carried out the survey, said.
Head of Sainsbury’s
“Our findings show the amount people anticipate spending on second-hand cars is significantly less compared with six months ago, which may be a knock-on effect of people’s growing financial uncertainty,” he commented.
And he added that those purchasing the vehicles should haggle if they want to knock some money off the final total, with an average of £1,468 possible.
Mark Norman, analyst at CAP Motor Research, has claimed that the market may be hit when motorists find out how much their next tax disc will cost.
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