When you buy a used car, you do so to save money. Most people would love to be able to buy a brand new car outright, but given that they reach into the thousands in cost, it’s not always possible. Whether you want a cheap car to run around in or you want something to get you from home to work and back, there are plenty of used car options. It can be a minefield when it comes to purchasing your new car, and with this guide, you can get all the tips on buying a new car that you didn’t know that you needed until now! The cost of a used car will often end up depending on the type of car that you get. No matter what, there are plenty of ways you can reduce your costs. Let’s take a look!
One Year Old
Did you know that one-year-old cars are far cheaper than a new one? Average vehicles on the lot today have an average cost of £29,000. Within a year and 10,000 miles, that same car will cost around £21,000 instead. This equals a 27% reduction in price in the first year alone. That slows right down in the second year, but would still be cheaper. So, buying a year after a car is released is always going to cost you less, even for brands that hold their value like Mercedes or Porsche.
The Cheapest Runners
There has been so much research out there about which car is the cheapest to run, and the points that are important to note include:
Smaller engines are more economical to run
Petrol cars are less expensive than diesel alternatives
Automatic vehicles are more costly than manual
Hybrid cars are more upfront but are cheaper in the long run
Timing Is Everything
When you’ve chosen your vehicle, you need to realise that the time of year you buy matters. It’s always better to walk into Middlesbrough Motor House at the end of March, June, September, and December the best time to buy your car. Companies are always happier to negotiate a deal at the end of the quarter, so you could get some money off!
Know What You Need
You don’t want to be blind-sided when you go to buy a used car, so know what you need before you get there. Know the essentials and think about the specifics of the vehicle that you know you need. This could include things like towing trailers and boot size; it’s all relevant.
Sell Your Old Car
Did you knot that many dealers will offer you part exchange? This will give you money to go to the new car, so it could allow you to save even more money on the new (used) car that you’re buying.
The Monthly Cost
You have to budget for two different costs when you buy a car. The cost upfront and the ongoing monthly cost. You have to consider petrol, insurance, tax, maintenance, and unexpected repairs, too. Don’t forget to budget for your MOT, also, and servicing. It all adds up and you need to know if you can afford it before you spend your money.
When you approach a used car dealer, they’re expecting you to negotiate. It may be scary, but this guide to haggling can give you all the information that you need about getting your way. Stay silent, wait for the cheaper offer, and if you don’t get the deal you want, walk away.
Know What To Look For
Used cars need a thorough look over before you part with your money. It’s not just about the shiny car, but whether it can run at all. So, check out the following:
All of these items are relevant, and you need to know that you made the right choice before you get in and start driving. Safety is paramount.
Take It For A Drive
No matter whether you are buying private or on a dealership, you need to test drive the car. You need to know if it’s going to run or if it’s going to judder and stop. Take a moment and make sure that you have taken the car for a spin before you decide to buy.