Grab a Bargain!
THE car market may be flatlining as much as one of GrAnt’s supposedly witty one-liners, but if you are on the lookout for some new wheels, take your time and weigh up whether you’d like to go for a new or used car.
More of us are trying to get the most of our motors these days to save money, but if you’re bombing along in an old banger with an unquenchable thirst for fuel, changing your car may be more economical in the long run. There are pros and cons with new and used cars, so give it careful consideration even before you set foot in a showroom or pop into your local dealer.
A new car will lose its value very quickly. As soon as it rolls out of the showroom, the pounds come falling off (hopefully that’s all that will though). The value of a new car will drop more in the first year than it will every 12 months after that. Therefore, buying a car that’s just a year old could see you make a considerable saving, as well as missing out on some serious depreciation (it means losing value, Adam).
Used Cars – More bang for your buck
You’ll also get more bang for buck when it comes to used cars. The sort of car that might be way out of your league when it’s new, may come into your price range when it’s a few years old. You could end up striking a good deal for a bigger or more powerful motor if you don’t mind a few miles on the clock.
Of course, do your research before you go used car shopping. If a dealer sussing out that you’re a bit green (and I’m not talking about that time GrAnt went a bit OTT at the seafood bar), they may take advantage.
Search for reviews of cars you’re interested in online and see what they are like for wear and tear. Fellow drivers are likely to much more open and honest than someone trying to sell you a car.
A lot of new cars come with three-year warranties, some manufacturers like Kia even give up to 7 years, but you can also take out an extended warranty on a used car that’s older than that and often some dealers will throw in 12 months of cover if you buy the car through them. You can also take out a warranty with separate company like Warranty Direct if you like.
Of course, if you have the cash the splash (and do splash it wisely) on a new car, make sure you get the best deal.
New Cars – Bargains to be had
Let’s face it, new cars aren’t exactly flying out of the shop are they? Do your homework and be ready to bargain. Get onto the internet and read reviews, compare prices and look out for any special offers on certain models.
Even if you don’t have all the money up front for a new car, you may find that a lot of dealers may offer interest-free finances which will help the spread the price over a few years at no extra cost.
When you buy a new car, you’ll also be getting the full manufacturer’s warranty, which is usually three years or, in the case of a Kia seven. This will give you the peace of mind that most repairs will be carried out for free, which means you won’t need to take an ill-advised poke around the engine and end up making the problem worse (I’m looking at you GrAnt).
A new car can also be customised to your own preferences and you just can’t beat that lovely new car smell (yes, Ant Tony, I know you can buy those little air fresheners in the petrol station but, believe me, they only last a few weeks).
Of course, no matter what you plump for, make sure to take your time and do your research. Then, once you’ve got your new wheels, come to yours truly for some cracking deals on car insurance.