Personal Finance

Top Money Saving Tips When Purchasing A New Car

top money saving tips for a buying a new car - bonne chic

Buying a new car can be an exciting experience to say the least. Car dealers will also treat you like royalty as well. They will give you the chance to choose any color you want, with the ability to customize your ride and the amount of tech that you would like. As if that wasn’t enough, nothing quite beats that new-car smell either. If you want to find out more about buying a new car or if you would like to see if you can save money on your next purchase then you can find out everything you need to know, here.

Consider the Long-Term Value

Before you even think about giving in to the temptation of buying a new car, you need to try and consider whether a used car might be a better option. After all, brand-new cars will depreciate in value as soon as you drive them off the lot and this is the last thing that you need. If you want to get around this then buying a used car is certainly the way to go.  

Make sure that it Fits your Life

Racing red, sleek black or even a vibrant yellow might sound good, but at the end of the day, you need to choose something that fits in with your lifestyle. Is the car that you are looking at going to fit in your garage? Is it going to fit in the tight space that is at the end of the road? If you have young children, then you need to make sure that you can fit their car seats and bags in there. If you can’t then you may find that you aren’t able to go on the long journeys you

want. If you want to get the best result out of your purchase then it may be a good idea for you to prioritise what you need and then compare it to your budget. Start with a column of everything you need and then add a second column of things that would be good to have, but are not essential.

AEB

If you know that you are going to invest in some extra features, then you have to make sure that one of them is AEB. This is otherwise known as autonomous emergency braking. It’s ideal because it monitors the traffic conditions that are ahead and it brakes the car if you fail to respond.  Cars with this have a 38% reduction in real-world crashes. The system doesn’t really come in cars as standard yet, but it is well worth trying to invest in it if you want to protect yourself.

Payment

Another thing that you need to do is find out the best way to pay. There are a huge range of payment options available and sometimes they can be confusing. Before you even think about stepping onto the forecourt, you have to take the time to understand the differences between the options that are available, and you also need to find out which option suits you as well. When it comes to the price, you have to make sure that you stick to your guns.  You need to find the lowest price for the car online as this will help you to negotiate a much lower price when you arrive at the dealership.

Buy at the Right Time

Believe it or not, the time of year that you decide to buy your car will make a massive difference to the price that you end up paying. Dealers have targets and they have to make sure that they meet them.  For this reason, if you want to save money then you need to try and buy between the months of September and March. Dealers often clear out old stock at this time so if you want to get the best deal then try and go around this time.

Old Motors

Getting the best price for your old motor is crucial.  If you are choosing to part-exchange your car then you need to try and make sure that you look up the value. If you want to sell your car privately then you should know that this is also an option. Just make sure that you get the sale done with written proof though because that way if something should happen and the buyer doesn’t change over the information then you know that you are covered.

Try Before you Buy

Test driving isn’t just important if you are buying a used car. It’s also important if you are purchasing a new model as well. After all, a car is quite possibly one of the biggest purchases that you are going to make so it helps to make sure that it’s the right one for your needs.  If you aren’t quite sure if you should go for a car that has a higher spec or a lower one, then take it out for a test drive. Things like firmer suspension or even bigger wheels can make a huge difference to the way that a car functions. Sometimes bigger wheels might seem like the way to go but this is not always the case for your personal driving style. If you want to see what it is like for the passenger, then take someone with you.

Get Car Insurance

Car insurance prices can vary depending on which vehicle you decide to go with. Before you even think about going for a car, you need to make sure that you do everything you can to check the price of insurance because if you don’t then you may find that you end up paying way more than you should. Remember that you are going to need to have third-party insurance or you won’t be able to drive your new car home. This would be very frustrating to say the least, so try and make sure that you take this out before if you can. If you are able to do this then you can really make the whole experience better.


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