So, you’re in the market for a new car. That’s so exciting! Whether you’re looking to buy something brand new, lease or finance, invest in a classic or buy your dream car, here are some tips for finding the best deal.
Shop around dealerships
While dealers can’t always move too much on the price of a new car, there’s always something they’ll be able to do to secure your business.
It’s important to shop around, especially if you’re going for a used vehicle. If you don’t know too much about cars, it’s always good to take someone with you who can advise on mileage, the condition of the car and other elements that could affect its price.
Look out for special leasing deals
If you’re looking for a car lease, check the special offer pages from different companies.
You should also consider the kind of mileage you’ll be doing with your leased car as you may be able to get a better deal if you don’t intend to do too many miles.
Leasing a car is a great option if you’re the kind of person who changes their car regularly. Not only will you get the latest model for a fraction of what you’d pay out monthly for a loan.
Get car finance
Car finance is a great way to buy a new car and pay it back in instalments. Once you pay back the finance you own the vehicle. Some finance options might require a deposit and a large final payment.
Do your research to make sure you are getting a good deal. Unlike car leasing, car finance can also be available for people with bad credit, this is called bad credit car finance or poor credit car finance.
Think about what will make money
If you’re going for a classic car, you need to think with your business hat on. Even if you’re going to be driving a classic car for the joy of it, there’s nothing wrong with treating it as an investment as these cars do tend to rise in value.
If you’re looking for a guide to the cars to invest in, check out this piece I wrote for DriveTribe.
If you’re looking for a cheap runaround, an electric car will suit you down to the ground. Look for something with a good enough range for your day-to-day travels that you can plug in at home. If you live around London make sure it’s ULEZ compliant.
At the moment, there’s a grant available for plug in vehicles that could save you 35% off the purchase price.
When looking for a car take your time to find the best deal for you and don’t just look at price. And bear in mind that if a deal looks too good to be true, it probably is.