Owning a car that’s out of your budget isn’t always about ego. The best cars contain the latest gadgets and software that keep motorists safe on the roads. As a result, they command a higher retail price.


Should you put your health and the wellbeing of your loved ones in jeopardy because of a lack of funds? Many drivers do, and for a good reason - debt isn’t a joke. But, if you’re in this position, you can have your cake and eat it, too. 


Just follow these basic hacks that make unaffordable vehicles much more affordable.


Lease It


Don’t go for a finance deal as you might end up paying more than you can afford for a very long time. Plus, the depreciation factor comes into effect when you want to sell it back to breakeven. The average vehicle loses 60% of its value, which means your exposure is higher than you imagine. However, car leasing deals are less complicated and more flexible since there aren’t any dodgy terms and conditions. Also, the amount you have to pay from beginning to end won’t change unless explicitly told so, and even then you can opt-out of another term. Finally, as leases get more popular, the demand grows and the cost drops dramatically.


Sell Your Old Car


Most motorists prefer to trade-in their car as the amount is taken off the upfront price. But, it’s not always a wise move because the dealer has to sell the vehicle once you transfer the V5C form. Therefore, they’ll always try and pay less to avoid impacting their bottom line in the future. With this in mind, it’s savvier to list your vehicle privately and wait for interest. It takes longer, and it’s an extra hassle, yet the sale could be considerably higher and provide extra for a downpayment on a superior make and model.


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Don’t Be Fooled


If you’re lucky, you’ll be able to purchase a car you can’t afford with willpower and a couple of months of savings. Still, your budget can’t stretch too far, which is why the sale’s tricks shouldn’t fool you. For instance, you want the most basic model. Any add-ons only increase the retail value. Also, you shouldn’t buy insurance on-the-spot. Comparison sites make securing a cheap and comprehensive policy a piece of cake. Lastly, consider better deals on other vehicles. A good way to tell is if the dealer attempts to steer you to another model.


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Buy It Used


Used isn’t a codeword for terrible. If anything, it’s a euphemism for cheap and cheerful if you understand what to look for in a second-hand vehicle. Essentially, you want everything the newer model has at a lower price. So, it makes sense to write down non-negotiables, such as an anti-lock braking system, and avoid indulgences like parking cameras. If you struggle to parallel park, the sensors are less expensive but just as effective. Then, it’s all about checking the vehicle history for accidents and incidents and analysing the mileage. Anything under 50,000 miles is tight, especially if the manufacturer is reliable.


The key is not to judge a book by its cover. A car might appear unaffordable, but there are options.

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