Tag Archives: car buying tips

583646975_1280x720

Beyond The Price Tag: Working Out The True Cost Of Your Car Purchase

583646975_1280x720

Source:

Buying a car is a huge decision, not least on a financial front, which is why every driver should be committed to getting it right. While finding a suitable vehicle that won’t break the bank is one thing, the choice of model is only one factor for making a smart decision.

If you can haggle on the price, that’s great. However, there are many contributing factors to the overall cost of car ownership, and you must take them all into account. Here are five of the most crucial elements.

Repayment charges. Most people aren’t in a position to pay for their car outright. Therefore, the price you see isn’t always the price you’ll pay overall. Learn to understand repayment at auto.loan, and you’ll be in a far stronger position to make your choice. If you’re upgrading from an older car, you must also factor in the part-ex price. After all, that asset could go a long way to reducing the financial strain.

17121929030_92a984fc9a_b

Source:

Running costs. Boasting a beast with a big engine might provide an initial sense of excitement, but it could also result in greater gas consumption. On a similar note, overly big and weighty vehicle will cost more to run than smaller ones. Given that there are now dozens of brilliant superminis and other modest sized vehicles on the market, you’d be a fool to go unnecessarily large. Keep it as small as your lifestyle allows, and the long-term costs will fall.

Replacement parts. All cars need a little TLC from time to time. Opting for a standard manufacturer like Ford will ensure that new parts and repair jobs are far cheaper. When opting for an old car, you also need to think about the tech upgrades that may make driving safer. With this in mind, opting for a car that’s 20 years old could be counterproductive. As long as you consider the long-term needs as well as the immediate budget limitations, you should be just fine.

Insurance cost. After the purchase itself, the biggest cost is likely to revolve around insurance.  Regardless of the vehicle, you should always search for the best coverage and package. This is easier than ever thanks to online price comparison websites like thezebra.com. Conversely, overlooking the need to consider insurance could see you taking on a far greater expense than you imagined. Tax and other additional costs should be factored in too, but insurance is king.

17309474945_76e2b40be2_b

Source:

Resale price. For most drivers, it’ll only be a few years before a newer car is wanted. Depreciation rates can be rapid, which is why you should look for cars that hold value. Of course, this won’t be the top item on your agenda, but it is something worth considering. After all, making a smart decision now will put you in a stronger position when it comes to upgrading. The knock-on effect could have a telling impact for the rest of your life.

So, as you can see, the cost of car isn’t all about the price displayed in the showroom. Cover all the bases, and you’ll become a far happier owner.

pexels-photo-365811

4 Reasons Why Buying Used Is Always Better

Buying a car is always an exciting time. Once you’ve got enough money for a deposit and good enough credit rating to take out a low interest (or zero interest) loan for your vehicle, the exciting part begins; choosing one. If you’ve got a decent amount of money saved up then you might be thinking about buying a new car. After all, all the latest safety features and technology are only installed in new cars and if you want to be the talk of the neighbourhood, then you have no choice but to purchase a new vehicle to stand out.

There are, however, some clear reasons why buying a used car is always going to be better than buying a used one.

pexels-photo-365811

Image Credit

  1. Some old models and cars are too good to pass up

One of the biggest advantages of buying used cars is the amount of variety available. If you want a classic vehicle such as the 1961 Jaguar E-Type or even a 1969 Chevrolet Camaro, then you’re going to have to buy them used. For a car enthusiast, buying used is often the way to go. Appreciating older vehicles is something that not everyone can get used to, but if you want the best variety in car makes and models, then a used car dealership is going to give you far more excitement than a branded new car dealership.

  1. It’s cheaper overall to buy a used car

Used cars are obviously far cheaper. There are, however, some hidden costs of owning a used car. Most of these hidden costs are related to increased insurance premiums and maintenance costs, however. For instance, an old car is probably going to need more repairs and it will have worse fuel efficiency than a newer car. If you need to replace the parts inside of an old car, then there’s a chance that you need to order in custom made parts specifically for your vehicle because it’s difficult to repair. However, once you factor in these potential costs (they don’t happen often unless you buy a niche vehicle) it’s still cheaper than buying a new car from a licensed dealership.

  1. Useless technology and extras on new cars

Many new vehicles come with useless technology that isn’t needed, especially if you’re a relatively safe driver with some experience. This results in having to pay a lot of extra money for features that you personally don’t use. This can be demoralising for anyone that buys a new vehicle. The overwhelming number of buttons and dials can be frustrating, and not everyone appreciates LCD touch screens that can be used to control their car’s functions.

  1. Avoiding unnecessary fees

Lastly, we can’t forget about unnecessary fees when buying a new car. When you purchase a new car at a licensed dealership, you need to think about additional fees such as processing, advertising and potentially even customisation fees for when you custom-order a car from their website or dealership. Some of these fees can total to several hundred, making them an unnecessary expense that will eat into your budget.

7979445278_8421c8c3cb_z

Choosing Your First Set Of Wheels

It’s always an exciting time for a new driver when it’s time to find a vehicle. After all, it’s your first set of wheels which you can use to be more independent. And you don’t have to rely on lifts from parents and siblings anymore! However, choosing your first car is much more than just opting for a great color or the cheapest car on the books. There are some important factors you should consider before signing on the dotted line. In fact, here is some advice for choosing your first set of wheels.

7979445278_8421c8c3cb_z

flickr

How safe is the new car?

Safety is always important when you first get out on the road. After all, it’s likely to be your first time without an instructor or a parent in the vehicle. And it can leave you feeling nervous. Therefore, you need a safe car which will enable you to get from A to B without any trouble. Thankfully, there are a lot of safety features you can get on new cars which will help make your driving experience a smooth one. For one thing, you might want to get a dash cam for the vehicle. With one of these, it will record your journey while you are out on the road. So if someone did end up crashing into you, you would have footage to prove it wasn’t your fault. After all, it’s so easy to blame it on a new driver! And you might want to opt for a car with rear view cameras and a lane-keeping assist. Both of these can give you the support you need for when you are facing the open road.

IMG_3496bfree

Pexels

How will it affect your insurance?

As much as you might want a speedy motor for your first car, you need to think about insurance before diving in with this choice. After all, the larger the engine, the higher your insurance will be. And with insurance costs for new drivers already being through the roof, you don’t want to make it even higher. Therefore, whichever vehicle you are thinking about getting, you need to make sure you make a car insurance comparison first to ensure it won’t cause the price to rocket. And that way, you know whether you should rule out the car, or move forward with the purchase!

How easy is it to drive?

You should always go for something which is going to be easy to drive for your first car. After all, if you have had little experience, you need something which you feel comfortable and safe in. But a lot of people get excited about certain vehicles which have a ton of features like six gears. But if you choose something you are going to struggle to drive, you are going to end up at higher risk of having an accident. Therefore, opt for a small vehicle for your starting car which is easy to drive. In fact, take the car for a test run first before you agree to take it off the garage’s hands! That way, you know it’s the right car for you.

And remember while it’s tempting to spend tons on the car, you should not spend a small fortune. After all, a lot of people have an accident in their first car!

pexels-photo-97079

Image from Pexels