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Convertible prices reach all time lowBack

Figures released in February have revealed that convertible cars are currently on sale for up to 20 per cent lower than in the summer months.

Despite the temperatures being at an all time low at the moment, drivers who are thinking about purchasing a drop-top car are being advised to invest in one now whilst they can get a great deal and save some cash.

Trade values for the most popular convertible models have been falling since August but could see a rise in the spring and summer months of up to 20 per cent according to used car retailer TescoCars.com, with prices predicted to rise in March up to £1100.

Although a soft top car might be the furthest thing from your thoughts whilst the frost and snow is still about, February and March are actually two of the very best months to purchase a new or used convertible car. As soon as spring sets in, prices will start to rise again and popular models will halt depreciation and increase in value.

In fact, some drop-top cars have already started to rise, with Tesco Cars reporting that a 2008 Mazda MX5 car with 48K mileage had appreciated by £370 between the months of January and February.

Purchasing a new or used convertible car is a good option if you are looking for a fun and exciting roadster which is guaranteed to turn heads whether the top is down or up. Come the spring, you can really look the part if you invest wisely and take advantage of some of the amazing deals currently on offer.

Tesco Cars monitored the values of some of the most popular convertible cars between the months of February 2011 and February 2012, and they found that a 2008 Mazda MX5 1.8i increased in value by £400 or 5% per cent between February and July 2011, from £8,095 to £8,495. However, since July, the very same MX5 has decreased £900 to its current price of £7,595 in February 2012.

Rebecca Manville, Marketing Manager for Tesco Cars, said; ‘Seasonal demand for convertibles can have a much greater pull on value than depreciation. Some of the more popular examples can increase by up to 20% in value over the warmer months of the year. Whilst many are put off the idea of buying a convertible in winter, it’s the period of lowest demand so typically the lowest prices.’

Search on Trusted Dealers to find some great deals on new and used convertible cars.

 

 

Posted by Leana Kell on 14/02/2012