Of all the expenses you have to face in your life, buying a brand new car will be one of the biggest. So, making the right choice – and getting the best deal you can – is going to be vital. This article will outline some of the ways that will make things easier for you so that you don’t make a terrible – and costly – mistake.
Developing A Budget
Cars can be a huge investment, and it could be an expensive mistake if you don’t do your sums first. You might have a budget in mind for how much you can afford, but does it cover everything?
You will also need to think about a lot more expenses that come with car ownership. Tax, Car Insurance, and fuel costs can all add up to be a hefty expenditure – particularly if you buy an expensive car. It’s important to be aware of the costs because when you purchase a brand new car, the value drops considerably.
That means that as soon as you drive away, the resale value will be nowhere near what you paid. If you suddenly realise you can’t afford to run it, you could lose a tidy sum when you sell up.
Finding A Reputable Dealer
Just as in any industry, there are good and Bad Car Dealers working in the trade. But how do you work out which is which? First of all, let’s get one thing out of the way: car dealers are there to make money. However, they make more money by providing a good service to their communities.
Ask your friends and family to see if they can recommend anyone. You can also do some checks yourself. Look for dealers in your area and have a proper inspection of their websites. A good example of what to look for is at the Pentagon-Group site. They are clear about what they do and include lots of core information about what they are selling.
It’s also worth checking About pages. Good salespeople are happy to put their names and faces to their businesses, and this shows they have pride in what they do.
Getting The Best Deal
Once you have found a reputable dealer, you can approach them about buying. First of all, it’s always cheaper to buy straight up. Finance deals can be good if you just don’t have the money, but you will end up paying much more by the end of the loan. Also, if the car is written off, you will still need to pay for it unless you are covered by insurance.
Moving on, it can be hard to get a lot of money off a brand new car. Profit margins are quite small for car dealers, so they don’t have the flexibility that they do with pricing on a used car.
However, if you feel the price is a little too much, you could ask for some extras to seal the deal. Some dealers will throw in a year’s tax while others may have links to insurers. You could also ask for an additional year’s warranty, which is well worth it on the off chance that something happens to the car.
We hope you have enjoyed this short guide. These three key areas can help you focus on getting the right car at the best price. As ever, if you have any tips you could share with our other readers, feel free to leave some advice!
Featured Image source : flickr