Since the end of the scrappage scheme, late 1990s models have been emerging onto the used vehicle market and providing good deals for car insurance policyholders with a tight budget, according to an expert.
Independent motoring guru Honest John said reports that vehicles from this period had “all but disappeared” as a result of the scrappage incentive had been “greatly exaggerated”.
“You couldn’t move for late 1990s cars at the auction I went to on Monday and there were plenty of bargains to be had,” the expert commented.
For example, a 2000W Peugeot 206 1.4LX three-door was snapped up by a car insurance policyholder for £650, £300 below the listed trade price.
Honest John advised buyers shopping at auction to give any cars they are interested in a “good once-over” in the marshalling yard.
Recent research by Carmony.co.uk found that one in five car insurance policyholders do not test drive a model before they buy it.
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