Posted on: 04/04/2014
Buying your new car can be stressful. In this blog, Recycle Motors guides you through the process and provides plenty of food for thought.
With such an important transaction, you need to use your brain, and not just listen to your heart. It's easy to get seduced by all the gleaming models sitting in the dealership forecourt, but take a second.
If you want a smart financial investment, you should look elsewhere.
That's because new cars tend to depreciate rapidly - almost immediately after purchase. The worst case scenario is that you'll be unable to sell the vehicle for anywhere near the amount of money you originally paid for it. So, for a more reliable financial investment, choose a used car instead.
Depreciation works in your favour when you buy second-hand. As cars lose value so quickly, you'll be able to find relatively new, used models at great prices. This could save you thousands - but how do you make sure you get a good deal?
Four essential tips when buying a used car
When you come to buy your used car, you'll need to make sure you:
1. Shop around and take your time. Don't become pressured into a transaction.
2. Take a look online for sales comparisons of the type of car you'd like. You'll get a much better idea of how much you can expect to pay.
3. Avoid the temptation of simply buying a used car without having had the opportunity to examine the vehicle in closer detail. Make sure you carry out a thorough visual inspection of any car before you go ahead and buy it.
4. Take it for a test drive as well. This should help you get a better idea of whether you want to make the commitment.
For further tips, check out the AA's comprehensive list here.
Financing your purchase
Ultimately though, the type of car you choose is 100% your call. You may have had your heart set on the brand new Mini, for example, or have saved up for years to get a vintage BMW. The type of car you select is individual to you and cannot be decided by anyone else.
But there's one thing we know for certain here at Recycle Motors. It doesn't matter to us if you buy new or used, we can help you come up with the money you need to find your perfect car regardless.
Contact us on: 01795 227576
Go direct to an agent: 07583 734602
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