As far as decisions are concerned, it is relatively nice when you are choosing which car to buy. Even though the process can be tasking in itself, especially for first-time buyers, there is a satisfaction that comes with being able to buy a car. In an effort to satisfy the diverse market preferences and tastes, there is a wide array of brands and models to choose from. Different body styles and endless customization options are a common trend in the modern day auto industry.
For first-time buyers, the options and the choices are endless. For instance, one may be wondering, do I buy a new or used car, petrol or diesel, a traditional hatchback or a crossover SUV, among a whole range of other options? This guide highlights some of the most important considerations to make when buying a car and also provides some useful tips on how to get the best deal.
New or Second-hand
Deciding on whether to buy a new or used car is the first decision any individual buyer should make. This is highly dependent on the amount of money one is willing to spend and the brand or model of the car they want. Buying a new car comes with a manufacturer’s warranty and the exact specifications. However, buying a used car also brings about some benefits as well. If one cannot afford to buy a new car due to the high initial cost, he or she can get a used car of the same model at a relatively lower price. There are many dealers such as Rowley car Buyers who buy used cars from the owners and resell at a relatively fair price.
Deciding what fuel one wants their car to run on is also an important consideration to make. Most automakers offer both diesel and petrol engine options to allow the buyer to make his choice. The choice should be highly dependent on the mileage the buyer intends to cover with the new car. A petrol engine is ideal for those who cover less than 12,000 miles annually. On the other hand, if one intends to cover more than 12, 000 miles a year, then the diesel engine is the best choice to benefit from fuel savings.
It is important to make sure that the car an individual intends to buy fits perfectly with their car needs. For instance, a crossover SUV is best suited as a family car, especially for those individuals who have children. One should also pay close attention to the features they want in a car such as leather seats and parking sensors among others, and make sure they buy the car with those features. Going for a trim level that has all those features altogether as it is cheaper and better value than adding individual features.
Mode of Payment
Most car purchases are financed in one way or another with most dealers also encouraged to sell cars through some form of financing. It is particularly important to pay close attention to the total price as well as the monthly payments.
In most cases, one may end up paying much higher, an amount he or she cannot recover when selling or trading in the car. It is important for the buyer to ensure that he picks a payment mode that he is happy with and able to pay as agreed.
When Is the Right Time To Sell Your Car?
When you buy a car, you don’t think about its resale value. You are excited to buy it. But after a few months or years, you would want to replace it. Then you can’t ignore the resale value anymore.
Buying a car is a financial investment. Many might have bought the cars on loans. So, when you are selling it, you would want to have the best deal by selling it.
But how do you decide, what is the best time to sell your car?
1. When you bought Car?
Prices of a new car depreciate heavily in the first year itself. As per statistics, the prices of a new car depreciates by about 50%. So, if you have bought a new car, try to keep it as long as possible. It won’t be financially sound to sell the new car in the second year itself.
On the other hand, if had bought an old car, the depreciation is low.So, check out the condition of the car and see how long it can be maintained properly before its time for a new vehicle.
2. What Is the Use of your car?
Do you have more car than the number of people in your family? Do the car you intend to sell have less to no use? Then maybe, you need to sell the car rather than paying for the maintenance.
And if you drive the car, then what exactly you use it for? If your old car is still serving the purpose, keep it. But if your car is making you late in the office or your car is lying in mechanic’s garage for the most of the week, may be you should dump it and get a new one.
3. Has the purpose changed?
Has your old car lost the purpose? Maybe you bought the car when you were single and now you have a family of four. And now you need a bigger car with more space.
Maybe, you were a sports car fan in your younger days. And you needed a car to race with your friends. But, now you need a car to drive to your office.
So, if your purpose has changed, it is best to sell the old car. The money that you get can be used to buy a new one which fits your purpose.
If you are looking to sell your old car then you must get your old car’s free online valuation done by the Rowley Car Buyers. They will come to your office or home in the UK and evaluate your old car. And if you like the price they offer you, you can get it sold at that very instant.