Your first car will quite possibly be one of the biggest purchase you will make in your life. It probably won’t be your biggest financial purchase, but the pride that comes with it will certainly make it something to remember throughout your life.
If you want to get the best result out of your very first car or if you want to make sure that your car is something to be marvelled at by your friends then this guide is going to tell you everything you need to know.
New or Used?
This is one of the biggest questions you’ll ask yourself as a car owner. A car will lose its value as soon as you drive it out of the showroom. After you have had your car for a couple of years, you will only be looking to get around 40% back from the price you paid for it. For this reason, if you are buying your very first car then you’ll want to buy a second-hand car. Not only is this a better option for you financially, but it is also a better option for you in general because a lot of new drivers experience an accident in their first year of driving. You can be the most careful driver in the world, and you’re still likely to have an accident. Whether it is because you skid when you drive in the snow or whether it’s because you misread another car’s indicator. For this reason, used is the way to go, especially for your first car.
How Often are You Going to Use the Car?
If you only want to drive a couple of times a year so you can travel the country or anything else of the sort then you may be better off going for a hire car. Companies like Easycar.com are ideal for this, and they can give you a rental car over a very long period of time as well. As long as you have a driving license, you should have no problems at all in securing a car, and it is far more affordable when compared to getting your own car.
If you absolutely want to buy a brand new car then you’ll find that there are some affordable financial options in place for you to choose from. There are plenty of low-interest rate payment methods available and the attractive deals are more than enough to entice any young driver. The main thing that you have to worry about when you buy a new car is PCP contracts because they will make you pay a huge chunk of money at the end of the period. If you don’t want to make this payment at the end then you can just give the car back, so you don’t want to grow too attached to it if you know that you are unable to make the last payment.
That isn’t the only type of deal available, but it is the most common, and by understanding the deals that are on the market you can be sure to get the best result out of your purchase.