Buying your first car is an exciting milestone but it can also feel a bit overwhelming. There are so many different makes and models of cars on the market that it can be hard to know what is best for you.
Here is a guide to help you consider all the factors before you sign that ownership transfer document.
Setting your budget
Before you commit to any finance agreements or hand over your savings, you need to think about your budget. There are many different costs associated with owning a car such as insurance, MOTs, fuel and maintenance.
If you have savings, you need to decide whether you want to use all of them to pay off the car in full or use your money as a partial payment for a large deposit with a finance agreement as well.
For those planning on utilising finance agreements, make sure you can afford the monthly payments as well as things like fuel and insurance. This will give you an indication of your maximum spend for a car.
Choosing the right car for your needs
Once you have set a budget you can begin looking at your options. This will likely still include thousands of options, so you need to consider your usage to narrow it down further.
Family cars tend to be larger and more spacious which is perfect for those with kids or who need to transport equipment as part of their job. On the flip side, small runaround cars are ideal for short journeys to work, the shops and to see friends.
By considering additional factors such as fuel efficiency you may be able to cut your costs down too, meaning you can get a better insurance policy or opt for additional features.
Why used cars can be a smart choice
Everyone often dreams of a new, shiny car that is top-of-the-line and brand new from the factory. Unfortunately, this is not something that everyone can afford.
Used cars are brilliant in a lot of ways. Buying from a reputable dealer will ensure that your pre-loved car has a lot of life left and is safe to drive. Used cars are also significantly cheaper, even fairly new models. This can help to keep your finances looking healthy.
Test drives and inspections
Make sure you view any car before you commit to buying it. You may get halfway through a test drive and decide the way it brakes, or the position of the dashboard isn’t right for you.
Whenever possible, bring along an experienced driver when you go to inspect a car. Their knowledge and expertise can be invaluable in spotting potential issues that you might overlook, helping you make a more informed decision before committing to the purchase. An experienced driver can assess the car’s performance during a test drive, paying attention to things like engine behavior, braking efficiency, steering responsiveness, and overall handling. They may also notice any unusual sounds or signs of wear and tear that could indicate underlying mechanical problems.
If you’re buying from a private seller, it’s essential to take extra steps to verify the car’s legitimacy. You can cross-check the car’s details online by using the information provided in the logbook, such as the vehicle identification number (VIN), registration number, and make and model. This helps ensure the car hasn’t been reported stolen, written off, or subjected to any outstanding finance agreements. Confirming these details not only protects you from potential fraud but also provides peace of mind that the car’s documentation is accurate and up to date.