Buying a new car: What to know

When it comes to owning a car, we all dream of buying one new one, however, we all know that they can be expensive.

With new DVLA number plates coming out soon, and plenty of places to buy a new car such as Peter Vardy Holdings, there are a few things you should consider if you’re thinking of buying new, which I’ve highlighted below.

Buying a new car_ What to know

Holding Value

As we all know, cars are the type of item that begin to lose value straight away. This is particularly true when you buy a new car, as it’ll depreciate in value as soon as you leave the dealership. Because of this, think about what car to buy based on how well it holds its value.

This means that when you finally decide to sell, you will have lost as little money as possible. Cars by Mini, Audi, Volkswagen, Lexus, Ford and Vauxhall are all very good cars when it comes to holding value.

 

Best Time to Buy

Knowing the best time to strike is key to ensuring you get the best car for your money. This will all depend on the type of car that you want. Therefore, once you’ve done your research and decided on the vehicle that’s best for you, have a look to find the best time to buy that specific model.

Things that can impact this are payday weekends and the style of the car, as convertibles will be more expensive in summer, meaning winter is the best to buy. Also, think of buying in the months that see quarterly sales, such as March, June, September and December.

 

Needs

Make sure you cover all your needs when it comes to the vehicle and don’t compromise. By this we mean don’t opt for the car that looks better and costs more, but doesn’t offer you the space or mod cons you require.

By doing this you’ll end up realising you’ve made the wrong choice a few months down the line, ending in you needing to get a new car that caters to your needs.

 

Additional Costs

So, you may have the money to buy a new car, but don’t let that go to your head. Once you’ve purchased the car you’ll need to run it. Because of this, make sure you do your research beforehand, finding out how much petrol or diesel the car will use and how much it costs, and how much it’ll cost to have insured.

You should also check to see how reliable they are, because you don’t want to end up paying to have it fixed regularly, which could cost a small fortune.

 

Disclosure: this is a collaborative post

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