The Government’s easing of Stamp Duty has given home-buyers more spending power
When the Chancellor Rishi Sunak announced a Stamp Duty holiday to enable the homes market to breathe life into the post-lockdown economy, thousands of prospective house buyers must have raised their eyebrows and applauded wildly.
It meant an estimated nine out of 10 people buying their main home would not pay the tax, removing a not-inconsiderable burden until March 31 next year.
And you could almost hear the sound of belts being slightly loosened as new kitchens, bathrooms and planned improvements were scratched off the wishlist and confidently transferred to the ‘to do’ schedule.
But while a raft of home improvement catologues were being thumbed through, a tentative motor industry would have been hoping: ‘Don’t forget about us’.
Because, although upgrading your wheels may not be high on the list of priorities when it comes to spending some of the equity, now may be the best time to buy that car you’d always promised yourself that, one day, if you had the money …
A combination of factors, including the new September registration plate and an industry also suffering post-lockdown blues, means there could be a lot of bargains and good deals out there.
For example, with a new Nissan Juke available, dealers want their old stock of this very popular SUV off the forecourt which means there are some cracking offers on as-new pre-registered models. In theory, you could drive off in a new bug-eyed compact crossover for less than £12,000.
Similarly, the Fiat Tipo, with its 440litre boot, is one of the roomiest small cars in its class and although it might not be one to make your new neighbours sit up and take notice, there are huge discounts to be found, bringing it down to around the £11,000 mark.
And if you want a larger saloon, consider the Ford Mondeo 2.0 Zetec Hybrid. Although the Mondeo’s days as market leader are long gone, this one can make a long journey pass comfortably. And it’s a rarity – a hybrid for around the £20,000 mark.
And if your new home comes with a car charging point, think about the Renault Zoe GT Line 100kw. Although electric cars were unfeasibly expensive two years ago, they now compare favourably with petrol models and the Zoe, with its conventional supermini looks and automatic style gearbox, can go 250 miles on a full charge, for £227 a month.
As always, the rush for the new registration means an influx of used cars to the market and while some may sneer at anything around five years old that’s got a few miles on the clock, those more astute shoppers will already be perusing websites and forecourts.
So, anyone for a pre-2015 Range Rover Evoque 2.2 SD4 PureTech from £17,500? How about a BMW 118i M Sport from under £9,000? Or a Nissan Qashgai 1.2 DiG-T Acenta from £7,500?
(.) Terms and conditions apply to all figures quoted.
Connect with us
View by date
Celebrate International Day of Friendship with your best ones Friendships help our lives have purpose and meaning. Research has shown that having strong friendships can allow us to live longer, be happier and lead healthier lives. When you are younger, your family are your first port of call for advice and care. As we …Read more...
How to beat the July heat Heat and humidity aren’t your best friends when it comes to creating a flawless make-up look. Panda eyes from mascara tracks making their way slowly down your cheeks, oily skin where your foundation has become smudged and is now offering a patchwork effect rather than coverage. Combine this …Read more...
As we approach another British Summer, attention will inevitably turn to occupying the kids throughout the school holidays We know how hard it can be to continue to entertain them, so take a look at our list of recommended activities to get them excited, without having to leave your home. Get Creative If …Read more...
Projects your Kids can help with Completing a task together is a great chance to bond with your kids and the sense of accomplishment you will both feel when you have created something together is unbeatable. Getting kids involved with small scale DIY, or the newly named DIT, projects will build up a bank …Read more...
Easy Decluttering Tips Clutter can easily build-up. The unopened post by the front door. The shoes which seem to be littered in every room of the house. The items you use all the time which never seem to find a home. Living in a space which seems ‘full’ or ‘busy’ means it can be …Read more...