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Credit crunch puts pressure on used car market

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Published: 01-Jul-2008
Demand for older cars is falling as their running costs continue to exceed those associated with newer vehicles.

BBC News reports the credit crunch is hitting the Northern Ireland motor market, with second-hand "petrol guzzlers" the hardest to shift.

Annual excise duty for older models is such that a typical two-litre sports saloon now costs £400 to tax, according to the site.

The BBC news website reports: "Compare that with just £35 for a new low carbon emissions small car."

Those who are approved car credit could therefore use the opportunity to get a lower-emission car to save on fuel and tax costs.

Other drivers could turn to simple eco-driving tips in an effort to reduce consumption.

Advice from the AA suggests motorists remove non-essential items from car boots to reduce weight and drive smoothly to minimise petrol use.

Other tips from the association include changing gear as soon as possible and reducing airconditioning use.

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