Buying a new car?
Here are 5 money-saving tips you can't ignore
by Abi Moses on 10th December, 2017
When buying a new car, emotions can run high. From the excitement you feel when looking at your dream car, to the nerves you experience when worrying about getting the credit to make the purchase; there are lots of things to do and think about. Here at Car Finance Deals, we are always encouraging our customers to save money when looking for their next vehicle; ensuring that they are getting the best bang for their buck! So, if you are on the lookout for a new ride, be sure to keep the below money-saving tips in mind.
Do not hurry - When talking with a dealer, don't show that you are in a hurry to sign a deal. Learning that you are eager to drive away in something that day is music to a salesperson's ears; so be sure to keep your cards close. Being in a rush will almost always cost you money.
Shop around – Before heading out to showrooms or speaking to salespeople online, it is essential that you do your research, getting a feel for what the market value for the car you are looking at actually is. That way, you can enter negotiations being more informed, equipping yourself with all the tools you need to strike a deal.
Buy out-of-season – Fancy being the owner of a convertible? If so, it is advisable to shop around during the winter, with soft top prices rising with the heat. As a classic case of supply and demand, you can save money by planning ahead, thinking about your next car a good six months before buying it.
Part-ex – With the excitement of driving a new car often taking its toll, many can undervalue their current car, with over 60% of part-ex cars fetching less than their market value. Our advice would be to take your car around to a good few dealers before coming to a sale agreement, allowing you to gauge what a fair price actually is. Whilst most people will be looking to upgrade their car, you never know, what you get for your old 'banger' could cover a good few months of finance on your new car.
Buy from dealer stock – If you go into a showroom with something particular in mind, you may end up building a new car from scratch or have them order something in from afar, with both of those options including additional chargers. For this reason, it may be a good idea to buy from dealer stock, with such an approach renowned for encouraging flexibility with regards to the price.
Looking for finance options for a new car? If so, be sure that we can help. Contact us today and allow one of our many professional advisors to assist. With bespoke solutions for all types of lenders, we will go above and beyond to build a finance package to suit the needs and budgets of the individual.