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Forget The Plate Change: The Smart Money Buys Used, Says


Autoquake, the UK’s largest online used car retailer, today reveals how much better off new car buyers would be switching to a used car. As the first 59-plate cars are delivered to customers, savvy shoppers can save a small fortune or buy a bigger, better car for the same money on the used market.

The best-selling new car so far this year has been the Ford Fiesta 1.25i Zetec 5dr with a list price price of £13,195. Buyers with the same budget visiting could choose a roomier, more powerful and more economical car – the Volkswagen Golf 1.9 TDI BlueMotion Match 5dr. The 24,000-mile, 08-plate example Autoquake has in stock costs £12,820, saving £375 over the new Fiesta.

“Everybody loves the idea of a brand new car,” said Autoquake CEO, Garry Hobson, “but when you can buy a much better car for the same money on the used market, it’s clear where the smart money goes"

“As soon as a new car is driven out of the showroom, it starts to lose value,” added Hobson. “If you buy used, this depreciation works for you, not against you. It’s possible to save thousands buying used after the first owner has taken the hit.”

Savvy car buyers could save a small fortune just by doing without that new car smell. A two-year old Ford Fiesta 1.25 Zetec 5dr on Autoquake costs just £7,021. The 07-plate, 9000-mile example of the previous-shape Fiesta is little more than half the cost of the new car. That’s a saving of over £6000.

It’s not just supermini buyers who would be better off buying used. The BMW 3 Series compact executive is also in the top 10 new cars of 2009. A 320d SE has a list price of £26,680. For that money on Autoquake, buyers could upgrade to a limo. The online car supermarket has a 53,000-mile, 57-plate BMW 730Ld SE auto in stock, priced at £24,400. That’s more than £2000 less than the cost of a new BMW 3 Series for a larger, quicker more luxurious car.

Buying a used BMW 3 Series instead of new could easily save a five figure sum. has a 75,000-mile, 06-plate BMW 320d SE in stock, priced at £10,194. That’s more than £16,000 less than a new car which, number plate aside, would look all but identical.

About Autoquake

Autoquake’s proven online retail model sells high quality used cars on behalf of large corporate fleet and leasing companies direct to consumers through its website Autoquake has pioneered the concept of enabling consumers to buy a used car from the comfort of their home. Cars are displayed in Autoquake’s virtual showroom with descriptions including 40 high quality digital pictures. The breadth and transparency of information about the vehicle dramatically improves the purchase experience for the buyers who are enthusiastically embracing the Autoquake model which includes low, no haggle prices. All cars go through a 141 point inspection and come with a 100% money back guarantee. Car finance, warranty, insurance, and delivery are supplementary options that buyers can benefit from.

The company is funded by leading venture capital companies Accel Partners and Highland Capital Partners who investor in companies such as Facebook, Digg and Real Networks.


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