Is it time to invest in a new family car? If so, take a look at the helpful guide below to know what you need to consider. Buying a car is a huge investment, however, it isn’t an investment that will improve over time. Cars generally lose value over the first three years of ownership, so if you are looking to save money then the best option may be a used car.
Cost
One of the first things you need to think about when it comes to buying a car is the cost and how much you have to spend. Cars are not cheap and will more than likely set you back a few thousand. You will need to work out your budget so you know how much you have to spend. Don’t think you have to buy your new car outright, there are finance options if you go to the right places. You can make monthly payments between one and five years if you have the right credit score.
Size
Think of the size of the car you need, if you have outgrown your current car then you may be on the lookout for something much bigger. Consider estate cars or SUVs if you are looking for bigger cars with more space for your growing family. Be sure to check out legroom as well as space in the boot. The last thing you want is to not have enough room for a buggy as well as your weekly shop when you are out and about.
New vs old
Do you want a new car? New cars come with a hefty price tag attached, if you are not too fussed about someone owning the car previously then it may be worthwhile looking at used cars. Used car dealerships have some amazing cars that are half the price of brand-new ones, so you can pick up a beautiful car at a fraction of the cost. Used car dealers also offer finance options so don’t think you have to buy a new car just because you want to take out finance.
Insurance
Something to consider before you invest in a new car is how much insurance will cost you each month. If you have a rough idea of the car you want to buy then check out insurance prices online. You will need to have some details to hand such as if you have no claims or if you have been involved in any accidents. No claims bonus will work in your favour when it comes to buying insurance.
We hope you found this article helpful and that it gave you lots of tips and tricks on how to make the best decisions when it comes to a new family car. Remember, there is nothing worse than buying a car that hasn’t been tested. If you buy a car online then you won’t be able to take it for a test drive until you own it. Be sure to visit your local dealership to try them out for size and comfort.
Please note – this is a collaborative post
