6 Tips for Buying A New Car
Considering purchasing a new car? Then please read on below.
1. Think about the long term value
Before you are tempted to go with a new car, consider if a used car is a better option for you. This is because brand new cars tend to decrease in value fast.
A new car is going to lose about 40% of its value a year after driving it off from the dealership, According to the AA.
Different cars will depreciate at different rates. If you are worried about the depreciation of the car, check out online to see the fastest and slowest depreciating cars.
2. Checking whether it fits your life
Sleek black, racing red, or maybe vibrant yellow? Before you can start deciding on things like the color of the car, take time to consider whether the car you are interested in is the right fit for your lifestyle.
Is the car big enough? Is it going to fit in your garage or where you park it at end of the day? If you have small children, then can you easily fit pushchairs and their stuff inside the boot? You need to have enough space if you want to buy a car that is going to be used by your family. This is the same case if you have a pet dog. Is the car going to be used for long journeys or just supermarket runs?
It is a good idea to make a list. This makes it easier to prioritize what is really needed and what you can afford. Make a column that has everything you definitely need in a car, then add a second one where you list all the extras that you would love to have provided it fits your budget.
3. If you have room for an extra feature, let it be AEB
Autonomous emergency braking or AEB in short will monitor the traffic conditions Infront then brake the car if you fail to respond in an emergency situation.
Cars that come with AEB have a 38% reduction in real-world rear-end crashes, which makes it important to get a car with this system.
The system is not going to come as standard in most cars out there, but it is important to have it.
4. Considering the best way to pay
There is a wide range of options when it comes to payment. Before you can start speaking to the salesperson, take the time to know the different options available to you, then know which fits you the best and which ones you need to stay away from. Find out more about car financing – how does it work?
5. Sticking to your guns on price
Once you know the car you want, try to spend as much time as possible researching it.
When you are negotiating with the dealer – you do need to haggle so you can get the best possible price – keep in mind the maximum amount you are ready to spend and don’t go above it.
6. Buying at the right time
What many people don’t know is that the time of year usually has an impact on the price of a car. This means you have to choose the right time so you can pay the minimum amount.
The price of the car is going to depend on the number of cars in their stocks and the dealers’ targets. Dealers usually have the most stock to move from September to March, just after the introduction of the new number plate formats. In August and February, dealers often clear out old stock because the date of plate changes is close.
You also try your best to go during the weekday and avoid going to the weekends because it is busy. Try to make time on Friday because that is when the dealer is eager to meet their weekly target. You need to take your time when buying a car, and this means choosing the right month and day of the week. There is no need to pay more when you can just pay a little less.
