The process of purchasing a new car can be difficult. Choosing the next vehicle, extras and add-ons for your new car, how to sell your current car, financing and the list goes on.
Arguably, one of the first decisions you need to make is how much you can realistically afford. Before exploring finance options, make sure you know the value of your current vehicle as this could be used as a trade-in or sold privately. Once you’ve established this, you’ll be in a much better position to calculate (with the help of a vehicle finance company) how much you can spend.
It goes without saying that you should definitely look at more than one dealer for your new vehicle. It pays to do your research and make sure you are getting a good deal – not just the first car that you see & can afford! We all know that brand new cars depreciate heavily as soon as they are driven off of the dealers forecourt and so it’s probably worth considering buying a nearly-new or used car.
Be cautious if you are looking at trading in a vehicle. It’s a common sales tactic that a dealer will offer ‘over the odds’ for your existing car which makes the purchase seem like a good deal – in actual fact, quite often the extra money that is being offered it dropped off of the price of the new car. Being a cash buyer means you have more bargaining power and is often the best way. If you don’t want to sell your car privately, try using an online car buyer like TheCarBuyingGroup.co.uk
In addition to age and mileage of your car the condition of its interior/exterior will affect it’s value dramatically. If your car has; been well maintained and cared for, does not have damage/faults, and is clean and well presented, you’ll have the best chance of attaining it’s maximum value. If it’s not in the best condition, before selling it be sure to have it thoroughly cleaned and valeted so that it looks it’s best.
Don’t be scared to try before you buy when buying a car. As one of the most expensive purchases you’re likely to make, it’s important that you know what you are letting yourself in for. Just because it looks like a great deal, remember that you are the one who has to live with it. Be sure that the car is comfortable, adequately sized and has the features which you require – some salesmen may try to tempt you with something you don’t really need or that won’t be practical for you.
If you would like the extra flexibility of choosing to buy a new car, it’s a good idea to push for the best deal you can. Even after you have specified the vehicle options and additional specification there can often be savings in excess of 10% from the ‘list’ price. Just think, if you can knock 10% off the price of a £20,000 car, you could save in excess of £2,000 – this means some cars which might first appear out of your price range could be within budget.