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Buy one new car get a second free!!

Discussion in 'Financial Cents' started by Tango3, Nov 1, 2008.

  1. Tango3

    Tango3 Aimless wanderer


    Buy one car and get another one FREE as car dealers try to boost sales

    By Daily Mail Reporter
    Last updated at 6:39 PM on 31st October 2008

    Desperate car dealers today stunned experts by launching an extraordinary credit-crunch busting deal - buy one new car and get another completely free.
    With car sales plummeting, dealers have been driven to offer a supermarket-style deal of two £20,000 saloons for the price of one in a bid to shift motors from their forecourts.
    Industry experts at the AA described the offer as 'almost unbelievable' and admitted the car market was in crisis.

    Buyers can now snap up hundreds of Dodge Avenger SXT 2.4i saloons equipped with leather seats and climate control as dealers sell them off at a loss.

    The brand new cars - essentially being offered at half price - also come equipped with climate control, alloy wheels and sat-nav as standard.

    Dodge dealers are offloading the cars in a groundbreaking move through price comparison websites such as 'Broadspeed.com'.

    Because so many cash-strapped Brits have stopped buying new cars, Broadspeed.com is able to offer to sell the left over cars at a bargain basement price.

    AA spokeswoman Vanessa Guyll said: 'In 23 years in the industry I have never seen anything like this - it's almost unbelievable.
    'You expect this kind of thing with washing powders in supermarkets, not cars which are such a major purchase.
    'Many within the industry will react with shock and horror at this.

    'There is no doubt the problems in the car market are severe and this shows that dealers are now being forced to offer extraordinary deals.

    'Dealers have a lot of stock they cannot shift and clearly they are now prepared to do so at a loss.

    'The credit crunch has had an enormous impact and it's very hard to get a loan but it's actually a brilliant time to buy a car if you have the money.'
    Broadspeed.com managing director Simon Empson said the crisis in the motor industry means some dealers are desperate to shift their cars, even if it is at a significant loss.

    He said: 'For franchised dealers to be giving away a free car means that someone, somewhere along the line is making a very big loss and that just hasn't happened before.
    'Some manufacturers out there have got five to six months of unsold stock. 'The motor trade is beyond desperate - it's in crisis.

    'There's no doubt it's a great time to buy if you have the money. We have large quantities of these cars available and they will sell in days because it's an amazing deal.

    'The very first call I had was from a father who was going to buy the two cars, have one himself and give the other to his son.'
    New car sales in the UK slumped by a staggering 21 per cent in September. The fall was the fifth consecutive monthly drop.

    Registrations numbered 330,295 last month, down from 419,290 in September 2007.

    New registrations fell an annual 18.6 per cent in August to record their weakest showing since 1966.

    Mr Empson added: 'Because of the credit crunch, many people are struggling to get the finance they need to buy new cars - they simply can't borrow money anymore.

    'Dealers are becoming more and more desperate and that's why we get deals like this.'
    Mr Empson said prestige German makes such as Mercedes and 4x4s had been hardest hit by the drop in demand and were now being offered at heavy discounts.

    In July, this year, Prime Minister Gordon Brown criticised 'buy one get one free' deals saying 'unnecessary' purchases were actually contributing to price rises.

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  2. ColtCarbine

    ColtCarbine Monkey+++ Founding Member

    Good that's about all they are worth anyway. The cost of new vehicles could use an price adjustment just like the housing market.
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