Is trading down the new trading up?

By Our In-House Correspondent - 5 Nov 2008

If the commentators are right, the global downturn could be as deep as the recession of the 1930s.  Households are looking at their budgets and seeking to bunker down for potentially tough times ahead.  After housing and food, the biggest household cost is often motoring.

As well as the usual cost-saving measures such as shopping around for insurance, and seeking the best fuel deals, there are 5 options:

Release value from your current car by "trading down"

Reduce the number of cars - perhaps from a three car household to a two car household

Look for a more fuel efficient car

Look for a more tax efficent  car

Look for a car with lower insurance premiums

Wickford Cars can help with all these options.  If you want to trade-down to a lower value car, you can part exchange your current car for another car plus you get to walk away with some cash.  Additionally, we buy cars: Either quality used cars, or by providing access to the scrap car and metals market for older cars.

Our twenty years’ experience in the industry means we can advise on which cars attract lower insurance premiums and which are more fuel and tax efficient.

If you want to save money, or just get some cash-in-hand, contact Wickford Cars today on 01268 733611 or by using the form below.