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Top Things To Know Before Buying A Car

Buying a car is an exciting time. Whether it’s your first car, your one hundredth, a carefully planned purchase, or one fuelled by need, there are several things to know before buying a car

The following applies regardless of whether you are buying new or used and whether it’s a dealer or private sale. Of course, you should note that you have fewer rights when buying privately.

 

Consider Your Driving Needs

One of the most important tips for buying a car is how many miles do you drive a year and what kind of driving do you do? For example, if you usually drive short trips and stay reasonably close to home you’ll find that a petrol option is probably a better option than diesel. Of course, this scenario also lends itself to an electric vehicle.

Top Things To Know Before Buying A Car
Credit: Photo by Ivan Samkov from Pexels

If you constantly drive long distances then a diesel is the logical choice.

Equally, you should consider how many people you usually carry and how much luggage you need to fit in. This will help to ensure the car you choose is a practical choice. As great as the latest sports car is, it may not be a good option for you.

 

Finance, Lease, Or Purchase?

An important question on your things to know before buying a car is how you intend to pay for it. There are several options and all are worth considering depending on which suits your needs best:

Lease

Leased cars generally require a sizeable downpayment and then set monthly payments for a defined period. At the end of the period, the car does not belong to you. The main advantage is maintenance is taken care of for you and this option is affordable. But, if you like to change your car often this may not be the best option.

Finance

Most dealers offer a finance package or you can approach your bank or any other lender. In this instance, you can purchase a car without needing money upfront. You simply pay the lender the set monthly amount.

The car may instantly belong to you, allowing you to sell it in the future if you wish. But, this depends on the type of finance you get, make sure you check first.

Private Funds

You may already have enough funds saved up or obtained from the sale of your old vehicle. This gives you a budget and may even give you some additional negotiating room.

If you are considering leased or finance make sure you check your credit record first.

 

Research The vehicle

Another of the most important tips for buying a car is to know what you are buying. Having worked out what types of car suit your need you should be able to narrow down your search to a specific type of car.

That’s the car which offers all the practicality you need and is still attractive. Once you know what you want research it. Check how reliable it is, when it should be serviced, and the common faults. If you’re buying used this will allow you to check any vehicle for commonly known faults.

When you are buying a car the smart way you will want to take your own mechanic with you to verify the condition of the car.

Top Things To Know Before Buying A Car
Credit: Photo by ANTONI SHKRABA from Pexels

Check the History

Another essential part of buying a car the smart way is to check the history. This tells you when things were changed and whether everything was done according to the recommended schedule. If it was then the car is likely to have been taken care of and is more likely to be a good buy.

It can also tell you what issues you are likely to have to deal with.

 

Compare Prices

It is easier than ever to compare the price of cars. You can go online and look at various dealers and even private sellers. This will allow you to compare the specifications and prices of individual cars from the comfort of your own home.

You’ll then know which are the best options.

 

Know Your Trade-In Value

If you’re trading in then you need to know what your car is worth. An important tip when buying a car is not to overspend. Set your budget and stick to it. That includes looking at the cost of a car rather than the monthly payment.

Of course, to do this you’ll need to factor in the price of the car you are trading in. That’s why you need to know its exact value, not what you think it is worth.

 

Always Test Drive

It doesn’t matter who is selling the vehicle or if you are buying it new. You need to test drive it. This ensures you feel comfortable behind the wheel and like the way the car handles. The average cost of a used car is $21,000, that’s a lot to spend if you’re not comfortable in the vehicle.

 

Negotiate

Finally, never buy a car without negotiating. While you should always avoid the extras they offer, there should still be some wiggle room. Negotiating to lower the price or get something extra thrown in is always worthwhile.

Follow the tips and you can drive off happy, knowing you have got the best deal possible.

 



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