New Reg Plates Car Buying Guide 2019
This guide includes:
- When do new cars come out?
- I’ve got bad credit, will I bet able to get car finance?
- The best time of the month to get a new car
- Next steps – get your car finance sorted
New reg plates are introduced every March and September, and this is usually when car sales peak – so you might be amongst the thousands in the UK hoping to buy this month. This time of year normally signals dealers have some bargain new cars they’re keen to sell to meet targets.
When do new reg plates come out?
In the UK, vehicle registration plates change twice a year, in March and in September. The age identifier part of the plate is updated to reflect the year.
Cars registered between 1 March and 31 August have the age identifier updated with the last two digits of the year itself, whereas cars registered between 1 September and 28 February have the age identifier updated with last digit of the year with a ‘5’ or ‘6’ beforehand.
For instance, a 2018 car could carry either an ‘18’ or ‘68’ age identifier: ‘18’ if it was registered between 1 March and 31 August, or ‘68’ if it was registered between 1 September 2017 and 28 February 2018.
Many new car buyers prefer to wait for either March or September to make sure they have a genuinely ‘brand new’ car. The September sales month is, by some margin, the biggest in the 12-month period.
Can I get car finance if I’ve got bad credit?
We work with specialists in finding great car finance options for people with bad credit, and they can help get customers the finance they need – even if they’ve had a CCJ. The important thing is that you’ve shown you’re getting things back on track, and that you’re now keeping up-to-date with payments, making positive steps to get your credit file heading in the right direction.
If you want a car loan, but know that you have bad credit, the first thing to do is find your credit report, and see just how bad your credit score is. There are three credit reference agencies, Equifax, Experian and TransUnion, and they all hold information on you. When you find your report:
- Check addresses on old accounts, make sure you’ve not missed any.
- Make sure everything on there is accurate, mistakes can sometimes happen.
- Check that any CCJs or IVAs listed are accurate and correct.
- Cancel unused credit and store cards as even unused cards can count against you.
- Apply for a loan with a broker – consider using a service like Better Chance Finance as we’ll help find a lender likely to say “Yes”, whatever your credit history.
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