UK GBP£ Sterling falls to a record low against the Euro!
The credit crunch bites even harder and economies around the world are experiencing severe downturns.
In the UK the ever weakening British Pound now seems to have gone into free fall, possibly heading for an incredible 1 to 1 parity with the Euro. It makes the import of all goods, including cars from Europe to the UK, expensive.
It appears as though as the credit crunch bites ever harder that most countries in Europe are being affected. I have noticed that used second hand cars in Holland, traditionally more expensive as a result of the initial hefty BPM tax levied on them when first registered there, are now as cheap if not cheaper when compared to other neighbouring countries, especially Germany.
Maybe Holland is finding things tougher than other EU member states, or the over stocking of cars by some car dealers in Holland means that if they need to sell they have to price keenly. Whatever the reason, Holland seems to be the place to look for a bargain left hand drive car right now.
Buying a car in Europe can work out to be cheaper than buying in the UK for certain left hand drive. However the recent economic turmoil caused by the credit crunch has seen the value of the GBP £ sterling tumble, not only against the US$Dollar but also against the ever stronger European currency, namely the Euro.
This now means that it has never been a better time for people to buy cars from England and export them. Cars in the UK have never been so cheap for people from the rest of Europe. - Just hunt down that bargain buy.
However, there is an up side to all this which is that buyers living outside the UK are now able to buy cars at around 30 % less in the United Kingdom than they were a year ago due to the large fluctuation in currency values and the decrease in the value of the British Pound.”
eBay UK seems to be the foreign buyers favourite hunting ground, being able to choose from a wide selection of LHD cars on eBay from the comfort of their own home whilst sat in front of their computer.
It has surprised many eBay sellers in the UK, one in particular, Steve Jones from South Wales, who sold his LHD car to a buyer from the Ukraine. A pleased Mr Jones said, “I had been trying to sell my car elsewhere for weeks when a colleague down the pub suggested I try eBay. It was a absolutely cracking suggestion - the car sold for more than I wanted to some foreign chap. I think he was from the Ukraine. I’ll be buying my mate a pint tonight.
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