What is a nearly new car?

If you are hunting for a car, you may have seen the term ‘nearly new’ being used a lot, but what does it mean and what kind of cars are classed as nearly new? Read on to find out more…

A nearly new car is defined as being a car under three years old. This could be one that has been purchased from new and is no longer wanted, it could have been used as a courtesy car, an ex-demonstrator model, or maybe even a company car. There are a plethora of reasons why a car could be up for sale in the nearly new category, but they are great cars to stumble across.

There are plenty of benefits to buying nearly new, with the main one being that most of the depreciation has already happened, and you can often find a car packed with tech and upgrades at a super reasonable price.

We know a lot of people look for new and pre-reg cars which can be good if you are customising but there are plenty of downfalls to this too. The depreciation is the main one with new cars losing unto 40% of their value in the first year of them being on the road.

A nearly new car kind of gives you the best of both worlds, a newer car with fewer miles on the clock, but that isn’t going to plummet in value the second you drive it away.

If you are looking for finance on a nearly new car, it is possible to source that too. There are different finance types such as personal contract purchase and hire purchase, and the type of agreement depends largely on what you want the outcome to be at the end, if you want to own the car, hire purchase is often a better route to purchase.

To find a nearly new car in Derby, come and see the team at Hilton Garage, or view our selection here.