Is now a bad time to buy a used (nearly new) car?
This is my first post here, so hello all!
I am considering buying a new (used) car, an A3 170 Sport of some sorts.
However, I am obviously aware that the car market, along with the general finances of the world are all shot to hell thanks to the recession.
So I am just wondering if now is a good time to buy a car. I have heard friends of mine say that used car prices have actually gone up since January of this year, ive also heard people say that they might go up even more, others say the prices of used cars with crash after the summer... I dont know what to believe.
Most of the A3's that ive been looking at (170PS, Sport trim, low mileage, 1 or 2 years old) are about £16-18K from Audi dealerships. I did see a 2006 A3 Sport 170 with 20,000 miles for £12,500 at an Audi dealership but it was sold before I could view it.
I guess the question im really asking is essentially should I buy now or wait for X months?