Many people will be saving money on their car insurance this year as they are planning to purchase secondhand models instead of new vehicles, a survey has revealed.
According to research by Which? Car magazine, eight per cent of drivers surveyed said they will be purchasing a used car while three per cent said they will buy a brand new model.
It was also found that four per cent are planning to purchase a new car but are unsure about whether to buy it new or used, something the magazine claims is not surprising in a volatile financial market.
Richard Headland, editor of Which? Car, said that there has never been a better time to purchase a vehicle.
"The downturn has thrown the car industry into turmoil and that means there are some amazing car deals available - whether you're looking to buy new or used," he added.
Kitemark yesterday advised motorists to plan ahead and consider their options when making a vehicle purchase.
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