Tuesday October 11th, 2011 11:07 Things to Think About When Buying a New Car

When looking for a new car, there are a few things that you need to take into consideration. This will help you find the best car for you and your family. Take these considerations before you start looking around, so you know the dealerships to look at and the questions to ask.

Think About Your Lifestyle

You need the car to fit your current lifestyle and family needs. Think about how many people will use the car at one time and what you require the car for. A sports car is something that most people dream of having but it is not practical for a large family. This is something to consider when you are young and have no children to think about.

However, you will also need to think about your insurance costs. While you may be able to afford the cost of a sports car and you do not have children to think about, it does not mean that you can afford the insurance premiums. Sports cars tend to have a higher premium because the drivers tend to have more collisions. Speak to your current insurance provider to find out how your policy will be affected.

Set a Budget for the Car

You need to determine the maximum price that you are looking at. This is especially important if you want to buy a car outright or you want to put down a deposit for the vehicle. The price will determine the car finance options that you have and the interest rates that you will be paying.

However, the price will also determine the type of car that you are looking for. If you have a budget of £1000, you will not get the flashy car. However, you will be able to buy a small run-around outright or put down a deposit for a second-hand car through the hire purchase.

The Maintenance Costs

This is not the first thought for many but it is something that you should consider when buying a car – especially a used car. You want a car that is reliable and will not cost over the odds to be fixed. Take some time to consider the amount of mileage that the car has already done and the number of owners it has already had.

New cars will not need as much maintenance, which is definitely something worth considering. However, you will have to pay for more upfront and the depreciation will be more the minute that you drive it off the lot. Of course, for the first three years of a car’s life, there is no need to take it for an MOT, which will also help you to cut down on the maintenance costs.

What About the Tax Costs?

Large cars cost more in tax and this is definitely something that you need to think about. Sports cars will also cost more in tax, because they need more fuel and let off more emissions. Take some time to research how much the tax will cost you when it comes to renew it. Hybrid cars cost less on tax and are usually in the lower bracket of around £20 per year.

As well as tax, you need to think about the cost of fuel. The costs of petrol and diesel are constantly rising and you will need to factor this into the type of car for you. If you do a lot of driving around, you need a car that will cost you less in fuel. While diesel costs more, it lasts longer, which is definitely something to consider.

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