Need to Know
There are a few things that you need to know before you buy any car, and whilst some of the points sound obvious you would be surprised at how many people over look them.
The first thing you need to work out is your budget, do not be fooled into thinking you can blow your entire budget on the car itself, your budget should include a much wider selection of costs. For example, you don’t want a car on your hands which you cannot afford to run or insure. So before you go throwing your money around, you should get familiar with your choice car’s mpg and get a quote on how much it would cost to insure it under your name. It won’t take much time to get some quotes and there are hundreds of sites out there which can help. Starting at a well known one such as Compare The Market usually proves to work best for most people.
Now you have found this out, it is time to ask yourself that miserable question: ‘can I afford it?’ If the answer is yes you are onto a winner, if not its back to the drawing board for you I’m afraid.
If you are planning on leasing a car then do the math! Work out if it would be more expensive to just buy the car, sometimes, if at all possible it is much more cost effective in the long run to just buy the car outright or take out a finance loan, and then selling it after 3 years (or of course you can just keep it) which should pay the loan off when put on top of 3 years of monthly payments.
If you’re going for a used car use the pricing tools on many used car websites to help give you a rough idea of how much you can expect to pay, once you have picked one, go and view the car, take it for a test drive and ask about the cars history, request to view the cars service records as if the owner has a full record you can assume they looked after the car (always a good sign). If you are content and want to buy the car, try to come to some sort of warranty agreement, if they have nothing to hide and are confident in the cars condition then they should have nothing to worry about (another good sign).