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With the VAT rising again to 17.5% on January 1^st 2010, many car buyers are worried that the price of new cars will become too high. However, there is one online company that has promised to keep their prices the same and absorb the increase themselves. Autoquake.com is the biggest online seller of used cars in the United Kingdom and they are prepared to cushion the blow to the consumer by covering the cost of the VAT increase themselves.

New car buyers will be hit will the VAT increase and may also find that they will no longer be able to avail of the government scrappage scheme because there is speculation that the money for this scheme is drying up. This means that many car buyers will find used cars present much better value for money. New car prices may also be on the increase with many manufacturers being forced to increase prices. This trend is likely to continue as long as the pound stays weak against the euro.

It is also expected that the price of steel will rise this year which will in turn increase the cost of car manufacture which will no doubt result in an increase in the cost of new cars.

Most used cars however will not be affected too much by the VAT increase because the dealer will normally only have to pay VAT on their profit margin. There will be no increase at all for customers of Autoquake.com. This is why more and more people will soon begin to see the value of buying a used car this year. There are plenty of very good quality used cars available. Buying a used car which is only one or two years old will save you a lot of money and will still have many state of the art features. You will be able to save yourself some money by avoiding the VAT increase while still getting a great car.

When you think it’s time to look out for used cars for sale, you are always better off trying to research your vehicles beforehand. Good research lets you find only the best models available. When your research is done, you could very well end up with a great used cadillac or even a used chrysler.