You don’t always get what you pay for, says Mycarcheck

Thursday 1st June 2017 | 0 Comments

 

Mycarcheck.com has busted the myth that expensive used cars are more likely to have a clear history; new data suggests the opposite!

New data from mycarcheck.com shows that, when it comes to the UK’s five most popular used car makes, a high price tag is no guarantee of a clear history. Of all the cars it checked last year, BMWs were 21 per cent more likely to have a warning against them than Fords, despite being, on average, around £10k more expensive

Worryingly, some of the fastest-rising risks are the most serious. Write-offs were up from 29 per cent of all warnings in 2015 to 33.6 per cent last year, while finance was up from 13.8 per cent to 18.1 per cent.

Gavin Amos, head of valuation services at mycarcheck.com, says: “People presume that more expensive cars must be a safer bet, but our data busts this myth. They can actually be much higher risk, for example, for outstanding finance or plate transfer. Whether you’re spending a few hundred pounds or tens of thousands, investing a tiny percentage of that to check if it is stolen, previously written-off or has debt against it is surely a no-brainer?”

With information from the police, DVLA, insurers and finance houses, mycarcheck.com holds comprehensive data on every vehicle on UK roads – things that buyers should be aware of before making an offer.

Mostchecked makes Top 3 models Average value % with warning
1)      Ford Fiesta Zetec

Fiesta Zetec Climate

Fiesta Style

£4,442 37%
2)      Vauxhall Corsa SXI

Astra SXI

Corsa SXI A/C

£4,761 38%
3)      VW Golf GT TDI

Golf GTI

Golf S

£7,252 38%
4)      BMW M3

320D SE

118D M Sport

£15,358 58%
5)      Audi A3 Sport TDI

TT Quattro 225

A3 SE TDI

£12,247 53%

Source: My Car Check

 

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Category: UK News