If you live in the UK, now might be the right time to dispose of any used cars  you have. According to EurotaxGlass, a three-year old car today only retains around thirty eight percent of its original price. EurtaxGlass explains that this is mainly due to credit crunch plus depreciation on used cars is not being balanced by the inflationary prices. Also, BCA reported that there is a £0.6 billion drop in people who buy car in the second hand market. Of course, it doesn't help that NADA has introduced two new additional trade in values to be used by businesses. This could either be a good thing or bad thing on your part as your car might be valued higher or lower, depending on what category the company puts your car in.

So, what's people like me who's trying to sell my car to do? Well, probably post ads on different free websites often and just hope that someone notices my car before its value further dips. Although Netcars.co.uk is not a free advertising site, they have a pretty comprehensive used car search tool plus, they offer different services so people who might be looking for car insurance and car loans might be able to drop in on your ad once in a while.