March new car registration: should you buy an older reg?

March is one of the busiest months in the UK car market. With the arrival of the new 26 number plate, thousands of drivers head to dealerships to secure the latest registration.

But while demand for brand-new models rises, savvy buyers often look elsewhere. Because when a new number plate is released, older registrations, including nearly new and pre-registered cars, can become significantly better value.

If you’re planning to change your car this spring, here’s how the March new car registration could create opportunities to save - and how a car loan can help you spread the cost.

Why March is a key month for car buyers in the UK

New car registrations are released twice a year, in March and September, but March is typically the biggest sales period.

This matters because:

• Dealers increase stock levels ahead of the plate change
• More drivers trade in their current vehicles
• Previous registrations can see price adjustments
• Sales targets and competition can create negotiation opportunities

In short, there’s more movement in the market - and more movement often means more choice for buyers.

Are older registration cars cheaper after a new plate launch?

When a new registration arrives, last year’s plate can suddenly feel “older” - even if the car is only months old. That perception can influence pricing.

Nearly new cars, ex-demonstrators and pre-registered models are often listed at lower prices compared to brand-new equivalents. And because new cars typically experience their steepest depreciation in the first year, buying a slightly older registration can mean:

• Avoiding the biggest early value drop
• Paying less upfront
• Accessing higher-spec models within your budget
• Getting a newer car for less than you might expect

For many drivers, the difference between a 26 plate and a 25 plate may be minimal in day-to-day use - but meaningful in overall cost.

Is March the best time to buy a used car?

March can also be a strong time to buy used, not just nearly new.

As drivers upgrade to the latest plate, more second-hand cars enter the market. Increased supply can help steady, or sometimes soften, prices.

If you’re flexible about registration year, this period can offer good value compared to other times of year when stock levels are tighter.

While there’s no single “perfect” month to buy a car in the UK, March is often one of the most active - and that activity can work in buyers’ favour.

How to finance a car during registration season

Whether you choose a brand-new 26 plate or a nearly new model, planning your finance early can give you more flexibility.

A fixed-rate car loan allows you to:

• Spread the cost over agreed monthly payments
• Buy from a dealer or privately
• Own the car outright from day one
• Avoid mileage restrictions

Knowing your budget before you start shopping can make it easier to compare cars confidently, and focus on total affordability, not just the headline price.

If you’re considering your options, a Novuna Personal Finance car loan could provide a straightforward way to spread the cost, with fixed monthly payments that help you plan ahead.

Should you buy the new registration or an older reg?

The right choice depends on your priorities.

If having the latest number plate matters to you, March is the ideal time to buy. But if value for money is your main goal, choosing a previous registration could help reduce upfront costs and limit depreciation.

Whichever route you take, it’s worth thinking about:

• Total cost of ownership
• Depreciation over time
• Insurance and running costs
• Monthly affordability

The March registration change isn’t just about new plates - it can also be a chance to buy smart.

If you’re planning to update your car this spring, exploring your finance options early could help you move quickly when you find the right deal - and get on the road with confidence.

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