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Buying a car is a big step. You’ll be putting down a substantial sum of money upfront Not only that, but you’ll be committing to paying even more on an ongoing basis, in the form of insurance, fuel, taxation and maintenance.
If you’re buying new, then the costs may be even more considerable. Not only will you pay more for the car itself, but a larger chunk of that list price will be eaten away by depreciation.
So, what’s the best way of selecting the right car, and how do you go about buying it? Let’s take a look.
Researching the Right Vehicle for Your Needs
There are many different kinds of vehicles available. You’ll want to pick one that matches your particular needs. If you’re in the market for a family car, you might be looking for something that’s large, safe, and easy to handle. If you’re commuting in and out of a busy city, you might look for something that’s fuel-efficient, and that will keep you on the right side of any clean-air regulations. A new Vauxhall Corsa is a popular choice for commuters, thanks to its small size and excellent fuel economy.
Additional features, like automated lane assist and camera-assisted parking, might improve your quality of life in the car. The more time you’re going to spend behind the wheel, the more important that a comfortable cabin becomes.
Understanding Financing Options
Since this is a major purchase, you might seek to spread the cost over months and years. Financing can take many forms, including personal and secured loans. You might also seek to lease the vehicle with a view to ultimately buying it (or not buying it).
When considering your options, you’ll want to think about your credit score, and how soon you’ll want to switch cars again. If you want that new-car experience every few years, then leasing might be the best option.
Negotiation Tips for Getting the Best Deal
Getting a good deal from a dealership often means knowing how to time the transaction. If the number plates are about to change, then the dealer has been incentivised to push existing cars out of the door. You might also be able to secure a discount by trading in your existing vehicle. Make sure that you enter into any negotiations with a clear view of the vehicle’s market price, and that you’re prepared to walk away from a deal that doesn’t appeal.
Finalising the Purchase and Understanding the Paperwork
Your new car will be accompanied by a small stack of paperwork. In most cases, the dealership will register the vehicle to you, and issue you with the document to prove it. You’ll also be given paperwork related to the warranty. Make sure that you fully understand the contract you’re entering into – that way, nasty surprises will be made less likely.
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