Buying a car, whether new or second-hand, always means a large financial outlay that requires, at least, minimal planning. A vehicle is expected to last at least 10 years, since this type of investment is not made with the expectation of any kind of benefit, since it is assets that begin to lose their value as soon as a wheel is placed outside the dealer. For this main reason, it is necessary to carefully weigh all the purchase options and the factors that influence them before closing the transaction.

The price can become a determining aspect and, therefore, it is necessary to be up to date with the changes in the market as well as the offers that the brands propose. Never hurts take a look at all available aids, any reduction, in the end, ends up being beneficial.

New and used car registrations will rebound in 2021

Thus, according to the National Institute of Statistics, the average price of cars fell last month always by 0.2%. This percentage may seem insignificant, since at a total cost of 20,000 euros it is 40 euros, but it is the first time since 2014 that there has been a decrease in the price of cars.

Perhaps this reduction in prices will be accentuated in these last months of the year before the entry into force, on January 1, 2021, of the new mandatory WLTP emissions cycle, as it is expected to increase the cost of vehicles by yielding more precise measurements of the CO2 emitted by each model. The limit for not paying the road tax is 120 grams per kilometer and with this new system it is calculated that cars that exceed it will begin to pay almost 5% of their price as a rate. From Ganvam and as Europa Press has collected, 75% of the cars manufactured in Spain would be affected.

The Moves Plan supports the use of electric vehicles.
There are still two communities and one city that have not activated the Moves Plan

Various voices from the automotive world have repeatedly requested a review of taxation before the change in measurements takes effect, since it will cause the price of vehicles to become more expensive between 600 and 1,000 euros, as Europa Press has already reported.

So, taking into account a slight drop in prices, a future increase in the cost of fossil fuel models (who are still the protagonists of the market) with more emissions and the purchase aids that are still active … perhaps now is a good time to bet on renewing the family vehicle.