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Buyers should move quickly to avoid New Year VAT increasesWith VAT going back up to 17.5% in January 2010 and demand out-stripping supply in the new car market, buyers are urged to move quickly if considering purchasing a new car to avoid extra VAT charges UK Car Discount, the UK's number one online car dealer, have noticed that car sales are picking up, as featured in national news recently. Andrew Saunders, Sales Director of UK Car Discount said, "New car sales have improved month-on-month since June and there are signs that demand is outstripping supply, as manufacturers reduced their output at the start of the year. Couple that with the fact that VAT goes back up to 17.5% on vehicles delivered after January 1 2010, we're suggesting that people looking for a new car err on the side of caution and order slightly earlier to make sure they get the best possible price." The average factory build for a brand new car is approximately ten weeks, so to take advantage of the reduced VAT, new car buyers need to act quickly to make sure they aren't hit with the extra VAT charges. VAT going back up to 17.5% can mean a new car worth £20,000 car will cost an additional £500.
For further information, please call UK Car Discount on 0845 170 7770 Ends |