Top tips for buying a new car
Are you considering buying a new car?
by Abi Moses on 4th September, 2017
Are you unsure whether to buy/finance a new car right now? If saving money is your goal, then you may need to consider a little more than you initially suspected. Though, we are here to help, and so we’ve put together our top tips for buying- and doing it as cheaply as possible. Here they are:
Do you really need a new car?
Buying a brand new car is anything other than money saving. So before signing on the dotted line, you should ask yourself: Do I really need this?
On average, a new car loses almost half of its value in the fist three years, with some models losing their value even quicker. Because of this, sometimes a car which is one or two-year- old can be far better value than a new one. If you can afford to finance a brand new car, of course go ahead. Though we highly advice that you consider all angles.
The models that hold their value
Yes, everyone knows that cars lose their value, what doesn’t? However, some models shed cash quicker than others, meaning that you will get quite a bit less when you decide to sell it on. To avoid this problem, you should check this out before hunting for a new car in the first place. Even though getting a new car is an exciting prospect, be sure to think of its/your future too.
‘What car do I need?’ checklist
Before you start looking for your perfect motor, you should think about what you need. For example, if you are about to start a family then there’s no point in purchasing/financing that red two-seater convertible. Instead you should ask yourself:
· What are my essential requirements? This could be according to fuel efficiency and space.
· Do I need the car to do anything in particular? This could be either towing a trailer or fitting onto a small driveway.
· Will I be travelling on the motorway or in the city? This is important to factor in according to cruising without straining.
· What’s better, diesel or petrol? The fuel you want may have a big impact on the motor you choose.
· Do I need a big boot? Do you need room for sports equipment or maybe a pushchair?
‘Paperwork & spares’ checklist- top things to check
When buying/financing your new car you will be given a lot of documents to keep and look after. So before driving away, you should always check you have the right ones. These are:
· Logbook, or V5C
· Servicing booklet
· Sales contract
· Finance package
Are you currently looking for your next car? For guidance on the best deals for you and your budget, be sure to contact us today at, www.carfinancedeals.ltd.uk.