Car buying tipsMost of the best car buying tips are common sense, meaning that buying a new or second hand car can be an easy experience and has the end result of getting you the car you want at a price that you expect. However, when looking to buy a car, most of us have been guilty of letting our hearts rule our heads and have ended up with a car that:
Most of the best car buying tips are common sense, meaning that buying a new or second hand car can be an easy experience and has the end result of getting you the car you want at a price that you expect. However, when looking to buy a car, most of us have been guilty of letting our hearts rule our heads and have ended up with a car that:
• really does not fit in with our lifestyle (eg buying a two seater Audi TT when you have two kids and dog to transport around);
• costs us too much to run in terms of fuel and insurance cover;
• exceeds what we had budgeted for, making us struggle financially.
If this sounds like you, then rest assured that most of us have “been there, done that” too, at some stage! But by following our simple car buying tips, hopefully this time you can make an educated choice of car that really fits the purpose for which you are buying it, as well as your budget!
First of all, sit down and decide which car will best suit your lifestyle. Look online at car reviews; ask friends and family as to what vehicles they have had and which of these they loathed / loved; look at car magazines; trawl the internet - there is a wealth of information (a lot of it free), which can help you chose the car that ticks all the boxes.
Once you have done this, look at the sort of price you can expect to pay. Again, go online; trawl car magazines and local newspapers; look at what dealerships are advertising etc.
The third thing to do is to then see how much it would cost to run your car. Look at fuel consumption, the insurance group it falls in to etc. Speak to your current car insurance provider and ask them how much it would cost you to get insured on the vehicle you are considering. This will give you a better picture of how affordable the car really is.
The next car buying tip is to organise car finance. Arranging your finance independently of a car dealership could work out better for you in two ways:
• it puts you in the position of being a cash buyer which means you can haggle more on price;
• you may pay less in interest.
Car loans are often available from your bank or a specialist car finance provider. The latter may be a better option for getting more choice of car loans, as banks tend to only sell their own product. With an online car finance provider, for example, they may be able to find you a more attractive deal, as there have a bigger ‘pool’ of car loan providers to choose from.
So, put these car buying tips in to action, and you could find yourself the car you want at a price that won’t break the bank!
Posted by Edwin Miles on