Buying a new car is not an easy task, especially when you want to fit within a certain budget. There are a lot of things to consider, including the car’s size, model, engine power and most importantly - its purpose. Whether you plan to go on long drives to the beach, commute in the city or be fast and furious on the motorway, functionality will be one of the main factors when deciding to buy a new car.
As exciting as it is to inhale that new car smell, test drive and be treated like a king by car dealers, buying a new car can be a stressful experience. It will probably be one of the most expensive financial decisions in your life, and it should be approached with confidence and knowledge. This is why we’ve put together ten expert tips, to help you make the best choice when buying a new car.
1. Know Your Budget and Stick to It
While it’s nice to dream about owning a last-model Jaguar or Mercedes Benz, not everyone has this sort of budget to spend on a new car. Before you start your research, be honest with yourself about what is the maximum amount you’re ready to spend on a new vehicle, and just don’t look above it. Instead, focus on finding what are the best and most exciting options within your own budget.
2. Consider What You Need the Car For
A large family car will serve a different purpose to a sporty two-seater. While you might need a car for both family trips and commuting to work, it is helpful to know how you plan to use the car most of the time.
If you travel often or play sports, you might need a larger boot to fit everything in. For those who are on the road all the time, a diesel car could be a better investment in the longer run, even if they are a bit more expensive to buy, compared to petrol ones. If you want a fast car you can show off, a sports two-seat car is the one for you.
Knowing how you plan to use your new car, will also help you narrow down your options.
3. Choose a Model That Will Hold Its Value
Any investment expert will tell you that cars are one of the worst commodities to buy, as their value tends to decrease as the years pass. If you plan to eventually sell your car, make sure to research and choose a model that won’t shed cash value as quickly over time. Mini, Audi and Volkswagen typically top the ranks when it comes to cars holding their value.
4. Timing is Important
If you can afford to wait and don’t need a car immediately, you might be able to grab a better deal at different times of the year. Typically car sales dealers have targets to meet, which are based on quarterly sales. This means that the end of March, June, September and December are all good times to buy a new car, as dealerships will try to shift stock.
5. Don’t Forget to Check the Small Print
Long pages of Terms and Conditions can be extremely boring to go through but set some time aside to go through them before you sign for the purchase. Make sure there is a clear final price, read your rights and obligations as well as those of the supplier. If you have agreed on any discounts or deals on your new car, make sure these are included in writing. Always be vigilant of hidden costs, such as charges for number plates and delivery - they are not unlawful but you should be aware of them.
6. Test Drive is Not Just for Used Cars
Besides the pure satisfaction of getting to test drive a new model, having this opportunity is extremely important if you really want to know whether the car will be comfortable to drive. From the style of the seats to different tyres, suspension and specs, the car can feel very different. You should know whether you enjoy your time behind the wheel before you spend your money on it.
7. Check the Car Insurance Costs
Car insurance can vary on similar models and is also based on your own driving history. Before you buy a new car, make sure you can afford the ongoing costs of having it insured. You should also have valid insurance (or third-party insurance) to drive your new car from the dealership.
8. Optional Extras Should Be Considered Carefully
Often, we invest in optional extras not just for added comfort, but to increase the future value of the car. If you want to go for optional extras, do your research prior to the purchase and find out what additions are popular with potential car buyers. Consider the category of the car you’re buying as well - you likely wouldn’t want premium interior in a car which will serve as an everyday family carrier.
9. Always Check the Car Before You Drive Off
You might be picking your car up from the dealership, or you might be having it delivered to your house. Regardless of the case, make sure to carefully examine the car before you drive off or accept it. You want to make sure no hidden damage has been caused, including small scratches and dents - buying a new car means it should come in a mint condition.
10. What Is the Best Place to Buy a New Car?
Buying a new car online is becoming more and more popular, as it saves you time and allows you to browse through thousands of models and compare specifications. Buying through a dealership is normally the preferred method when purchasing a new car but car brokers can be an equally good and transparent alternative. What is more, they can usually secure you a nice discount or a deal that you might not be able to get at an official dealership.
At Nationwide Cars we have fantastic deals on new cars, which you can buy online and have delivered to your door in no time. Contact us for more information and advice on the best cars for your budget and preferences.
