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Car bargain advice offered by experts

Advice for picking up the best value-for-money new car - a purchase often paid for via a personal loan or car loan - has been given by the Guardian newspaper.

The new 08 plate motors went on sale over the weekend - causing a spike in business at new car dealerships and car loans providers.

However, figures from Glass's Guide have shown that new vehicles depreciate in value by as much as 60 per cent in a year.

Three years after purchase, the average value stands at 40 per cent.

Savings on year-old cars can total "a huge amount", motoring editor at Which? Richard Headland commented.

"For the vast majority of drivers, you can't really go wrong buying at a year old," he added.

Older cars, particularly those coming off their three-year warranties and ex-company cars, were also recommended by chief car editor at Glass's Guide, Jeff Paterson.

"They tend to be well maintained and come with full service histories, and, as result, can be bargains," he said.

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