Buying a new car is an exciting moment – you’ll finally be able to enjoy the added comfort and luxury that comes with an upgrade. However, it’s important that you get the purchase right. You don’t want to spend a significant sum on a vehicle that doesn’t work for you. Below, we explore what to look for when buying a new car.
Budget
For a start, you should consider your budget. Ideally, you’ll calculate your budget by considering the car insurance initial outlay, servicing and fuel. From there, you should have a total in mind that you’re willing to spend on the car. When you’re looking around showrooms and browsing options online, it’s crucial that you stick to this budget and only consider vehicles that fit with this.
New or used
One of the main debates you’ll have with yourself is whether to buy a new or used car. There are benefits to either approach. With a new car, you’ll be getting a reliable vehicle with all the customised perks that you require. Plus, more modern cars tend to be better for the environment and have more efficient fuel consumption. However, you will also lose a lot of value in the car through depreciation: the average new vehicle loses between 15 and 35 per cent of its value during the first year of use. If you go for a used car instead, this depreciation will be less dramatic, making it a more stable asset to own.
Essentials
You should also consider the essentials you need from a car before making your choice. For instance, if you’re looking for a vehicle that will comfortably transport your family around, then you’ll need something spacious with five doors. Alternatively, if you just need something simple to get around the city, then it’s best to look for a nimble hatchback with excellent fuel efficiency.
Test drive
Once you’ve selected your car and have found a local dealership or showroom, all that’s left is to take it on a test drive. This is important just to make sure that you’re comfortable with the car – you don’t want to try and get a refund a few weeks after buying.
Purchasing a new car can be exciting, but it can also be overwhelming. However, by following the advice above, you should be all set to find your next car.
Published by HOLR Magazine.