Claim a bargain amid confusion

Jeremy Hunt has recognised the need to get UK growth moving by setting out a number of different tax cuts and incentives to get business investing in the UK at the same time as easing the tax burden on individuals.
For some, this will mean being able to afford the necessities of life and for others it is designed to boost confidence that the worst is behind us and encourage businesses to start investing again.
Inflation is expected to continue to fall and this is vital for the Bank of England to start cutting interest rates in 2024.
The motor industry has been forced to come out with some new offers, as sales of new electric cars continue to disappoint and potential customers wait for improvements in charging infrastructure and range.
As the realisation of the 2024 target of 22% of total new vehicle sales being electric, coupled with the threat of high fines if not met, manufacturers are encouraging customers by cutting prices for private buyers and offering attractive lease and contract hire packages for company car drivers.
As a result of falling used electric car prices over the past months, demand has increased and prices stabilised, while used cars prices in general have now fallen to levels, which should encourage buyers back to the websites and forecourts for the January sales. With many car businesses looking to increase their range of stocks, there should be some good offers on current stocks to provide the cash and space required.
The falling price of second-hand electric cars is an opportunity for the private motorist, as well as for company car drivers. Providing you can install a charger at your home allowing off-road charging and use your car mostly for local journeys, you can make savings over a combustion engine car at the same time as improving the air on the planet for your families, now and in the future. Take advice from your dealer and enquire if there are beneficial interest rates for some electric cars.
If you are not considering an electric car and wish to change your current vehicle, look at the popular cars which exist today but will not be retained as new electric models arrive in the market. The Ford Fiesta is just one of a number of these with a limited number still available but expected to sell out early in 2024.
There are others with special offers designed to pull sales into 2023 to make it easier for manufacturers to increase this year’s share as well as helping to meet the 22% electric car share in 2024. At the top end of the market, there are a number of new electric cars at discounted prices for delivery in January 2024 to help the 22% objective.
It is a confusing marketplace at the moment but there are some bargains to be found so good hunting.