Thursday, January 30, 2014

How to Save Money on a Car

Buying a new car can be exciting, but it can also be a bit confusing if you don’t really know what kind of car you are after, or if you’re trying to buy it on a budget. As you get older, the things that you need from your car might change.

Do your research before you go to the dealership


Do your research before you go to the dealership and try and decide on a make a model of car that you want to buy, so that you could possibly haggle on the price if you need to or feel comfortable enough to do it. Don’t let yourself be bullied into buying a better model if you can’t afford it.

Buying a new car or a used one?


Perhaps one of the first decisions that anyone will make when it’s time to buy a new set of wheels is whether they want to buy a new car, or one that has been already owned by someone else. While lots of us may wish that we could afford to buy new, buying a used one could save you a lot of money, and, you may also be able to part-exchange your old car to help cover the cost. 

Think about size


Think about the size of the car that you want too. If your family is no longer young, then you may be able to buy a smaller car than you have been able to in the past, which could end up being cheaper for you. However, you should keep in mind that your family may expand if your children decide to have kids of their own, that you might wish to take on car journeys.

Shop around to get a good deal on the insurance


When it comes to getting the insurance on the car, shop around and make sure that you get the best deal for you.

Choose the time of year carefully


If you can manage to wait before you buy your new car, wait until dealers are selling off their models cheaper to make way for new ones. This isn’t always possible if your old car suddenly becomes no longer road worthy, but if you can wait, it can help save you money.

Finally, make sure that you take care not to overspend on the cost of your car and make sure that you still have savings left afterwards.


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