Every Friday we bring you our used car deal of the week, our delve into the best-value used cars on the market. Armed with this information, we can help you get a better nearly-new car for less cash than you’d have thought possible.
The used market is literally packed with lightly-used bargains. But we’re able to bring you the absolute best cars for your money using trade-only intelligence along with our unrivalled access into car valuations data. In addition, blend in decades of carbuying experience in our team, and you’ll see why we’ve been able to uncover some potentially incredible deals especially for you.
Almost every new car will depreciate heavily over the first year of its life. Estimates vary from 15% to 35% depreciation in the first 12 months, but we know cases of cars halving their value or even more. And you can take advantage of this, even if the trade would prefer you didn’t!
So, if you’re looking for to replace your existing car, it’s always worth looking at the used options below. If your heart is set on new however, look at Deal Watch for the best PCH and PCP deals, updated weekly. And remember, keep checking in here to see the very best nearly-new bargains!
What’s hot in the trade this week
The cars you’ll see are tracking more cheaply than average. Here are based on one-year-old examples with 10,000 miles on the clock. There is no need to worry about MoT tests or age-related gremlins here – these cars are almost factory-fresh and, unless stated, offer a warranty. You may even still get the whiff of new car smell.
So, instead of leasing or financing a new car, why not go secondhand – these lightly-used examples will potentially be even more pocket-friendly, especially if you’re a cash buyer, and want to keep your car for longer than usual.
From £13,500
It'll work best as a secondary car, or primary car for city dwellers with a homecharger. The range isn't world-beating, but it doesn't need to be. Even the smaller battery offers an official WLTP driving range of 118 miles, more than enough if you have regular access to an EV charger.
Quality-wise, no major issues have been reported besides a handful of software glitches and the occasional squeak or rattle. For a car that'll still be covered under a plethora of warranties, it's a bargain.
What it's like to live with a used Fiat 500e
Warranties left on a one-year-old Fiat 500e:
General: Two years
Paintwork: Two years
Rust: Seven years
EV battery: Seven years/100,000 miles warranty
Pros
- Stylish inside and out
- Quick and fun to drive
- Long range for a small car
Cons
- Tiny boot space
- Long-term reliability is still unknown
Frequently Asked Questions
Can I get a warranty on a used or nearly-new car?
As all of the cars we’ll cover in this article are only a year old, a manufacturer’s warranty should cover them. Warranties are often transferable for the secondhand market, but it’s always worth double-checking.
Some brands break down a warranty into different areas and offer different cover lengths. Rust and paintwork are fairly common examples of warranties that exceed the usual mechanical warranties. Electric vehicles will have an extra warranty on top of this. The industry standard is eight years/100,000 miles, which means a used EV should be a safe buy.
For even more peace of mind, you can buy a used car warranty.
What to look for when buying a used car?
Every car is different, and it’s always worth doing some research. At this price point, most cars should be in good health, but it’s always worth looking for common issues. Whether it be small electrical gremlins, catastrophic engine defects, or bits that rattle, it’s always worth deep-diving into any used car you’re considering buying. Your first port of call should be our expertly written used car reviews. We break down what a used car is like to live with, its specs and those problem areas to look out for.
Can I finance a used car?
Of course. Financing is a popular way of paying for a used car, especially when they’re a couple of years old and haven’t depreciated to a fraction of the original price. The most popular route is Personal Contract Purchase (PCP), a form of financing that involves paying a deposit and monthly fees for a set period, with the option of a final balloon payment to buy the car outright.
Hire Purchase (HP) is the old-fashioned way of buying a car. You split the price of the car down into monthly instalments, pay them, and, by the end of the contract, you’ve paid for everything.
Can I lease a used car?
You can lease a used car just as you would a new one. For a lower monthly sum of cash than PCP or HP, you’ll be able to effectively rent a used car. This is the most cost-effective way of getting a car, but they’re not the most common of deals to find, and you won’t actually own the vehicle.
* Prices based on examples found on Parkers Cars for Sale, and limited to availability. Similar examples may be on offer. Data collected from CAP HPI.
Ryan Gilmore is the Car Buying Editor of Parkers. Having previously worked as Deputy Commercial Content Editor for Parkers, he’s a savvy shopper dedicated to helping you when car shopping. In his spare time, he enjoys going to the gym and walking.
