A Brief Guide for a First-Time Car Buyer
For a first-time buyer, the prospect of buying a car can be daunting. With so much choice on the market and many finance options to choose from, it’s difficult to know where to start when buying your first car.
We understand that a car can be a big expense, so here are three things you should consider before making your purchase.
New or Used?
The first thing you should think about is whether you want a new or used car. Used cars are often the more affordable choice for first-time buyers, but it depends what you’re looking for in a car. Consider what you’ll be using your new purchase for and whether cost or reliability is the most important factor for you.
Don’t write off the option of a new car. Although you many think they aren’t financially valuable, if you do your research, you will be likely to find low-rate finance deals that could be within your budget.
With a new car, you won’t have to experience roadside breakdowns or costly repair bills. Many also have improved safety features that can aid you with driving, such as electronic stability control, back-up cameras and sensors, park assist and lane departure warnings.
How to Pay
Many people choose to buy a used car so they can pay for it outright, which is perhaps the most cost-effective way to buy a car. However, if you can’t afford to do this then there are many finance options available, such as hire purchase or a car lease, which allow you to make fixed monthly payments on your car.
Put some research into the finance options available and weigh up the pros and cons of each to decide which is best for your financial situation.
Find the Best Deal
Research has shown that different seasons can affect the price of a car. The best deals are often found at the end of the year, during the festive season. This period is in the middle of registration plate changes and it is also the best time to negotiate a good deal as car dealers will be trying to reach their quarterly sales targets.
Don’t forget to look online when you’re searching for the best deals on your new car. Dealers such as Unbeatable Car have an extensive collection of new and used cars that can be viewed online and you can also check whether you are eligible for finance on their website.
By following our three tips, you can take your first step on your journey to buying your first car. Whether you decide to buy a new or used car, you will be able to find a good deal if you take your time to put in the research and consider the season that you make your purchase.