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A pre-registered car is one that has been registered by the manufacturer or dealer to itself not to a customer but not actually used. We can arrange finance and hiring facilities for you. Get In Touch Mr. The constant push from car companies to sell more and more cars each year means ever-escalating sales targets for dealerships. If your car is not registered to you at the time you collect it, you will be committing a criminal offence and chances are that the person selling it to you has also committed a criminal offence by not giving you proper information. We went through the process.
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blananmerkelo.tk Mileage High To Low. As with ex-demo vehicles, these cars have only ever been in our care, but will have barely been out on the road and are a great opportunity to get a like-new vehicle for much less than usual. Finally, we also stock nearly new cars for sale which have been out on a short term contract; these cars will have had just one previously registered owner and still have limited miles when compared to a used model. What are you waiting for?
Combining the factory-fresh feel (and smell) of a new car, with the lower prices of a used vehicle, pre-registered cars are some of the best-value. A pre-registered car is one that has been registered by a dealer with the DVLA so it has been assigned a registration number. This is different to buying a brand.
So if a brand has an annual target of , cars but only actually sells 90, to genuine buyers, they may well register another 10, cars just to hit their targets. Despite what a car salesman may tell you, a pre-registered car is not the same as a new car. A pre-registered car is most definitely a second-hand car.
The car was originally registered to the manufacturer often through its finance company or fleet department or the dealership. They are the original owner of the vehicle, and will be listed as such on the vehicle logbook registration document, known as the V5 or V5C in the United Kingdom.
You will be the second owner. It might not sound that important, but if you sell the car sooner rather than later, the value will be less than if the car had only had one owner. The date the car was first registered is also the date that the New Car Warranty started, not the date when you bought the car. This means that you will have less warranty cover than on a new car — potentially several months less. Many new cars also come with breakdown cover for the warranty period, and obviously that is reduced as well.
When a manufacturer updates a model, they inevitably struggle to sell remaining stock of the old model, so these cars are prime candidates for pre-registering. This means that although the cash price might be thousands of pounds cheaper, your monthly finance payments might not be much cheaper at all. As we have discussed before, new cars take a savage depreciation hit as soon as you drive out the door. The market price of a car that is less than a year old is always going to be a lot less than the brand new price, and this applies to pre-registered cars as much as it does to other used cars.
The constant push from car companies to sell more and more cars each year means ever-escalating sales targets for dealerships. So despite the improving economy, more and more new cars are going unsold, leading to more pre-registrations. This article was originally published in May and most recently updated in September The ten golden rules of buying a car.
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Your comments saying a pre reg car is worth less than a new car is absolute rubbish. I have been in the trade for 20 years plus at different levels and at no time have I or any one I know value a car less if it's had more than one owner even it they decide to sell after a week of purchasing a pre reg car.
The glasses guide and various other trade value tools we use don't have a section stating that if it's had 2 owners it's worth less money. I could go on about other sections in your write up which are incorrect but at this moment and time I haven't got the time. I have been in the trade for 20 years plus…" — Darren. Yet every used car ad will specifically point out "one owner" if they can. Every shoddy car salesman will tell a customer during their part-exchange appraisal that their car isn't worth quite as much because it's had multiple owners.
Online valuation tools will ask how many owners the car has had. Maybe it's just a selling point for everyone in the industry except you. And it's certainly favourable from the customer's point of view. So these extra new cars, they sit around in a storage yard service, then get sold for less money. No wonder the car industry is in trouble.
I wonder how much Darren would give you for your car, if you had just bought it new, drove off the forecourt, put two miles on the clock and took it back for a trade in? I think you would loose quite a few bob there, VAT is one.