5 Things to Consider when Buying a New Car

There is nothing quite like the thrill and excitement that comes with the hunt for the perfect car. But, to make sure you get the right car for you, here are five important things to consider before purchasing your new wheels.

  1. Choose a car within your budget

When looking at cars, it is important to find models that fit within your budget. It is smarter to invest in a safe, sensible car that is within your budget rather than an expensive, trendy car that may put you in debt.

  1. Consider ongoing and related costs

When buying a new car, it is essential to consider a car’s costs over its expected lifetime. You don’t want to buy a new car and then not have enough money to pay for ongoing costs.

Some ongoing costs include;

      • car insurance,
      • vehicle registration,
      • stamp duty,
      • driver’s license,
      • roadside assistance,
      • car servicing,
      • Petrol or diesel,
      • toll charges,
      • new tyres (every 3 – 5 years), and
      • new battery (every three years).

If you are considering buying a foreign car, it is important to note specific parts might need to be imported and specific servicing will likely be required. These factors can add up to be very expensive in the long term.

  1. Invest in a car with a good safety rating

The type of car you drive directly impacts the cost of your insurance. For example, if you drive a car with a high safety rating, you are seen as less of a risk on the road and your premium will be lower. It’s worth shopping around to find the best deal for insurance.

  1. Do your car research before going to a dealership

Once you decide which car model you like the best, do some research around the specific features, and how it should be priced. You’ll be more confident to ask for a better price if you have done your homework.

  1. Wait for the right time!

During the year, there are 3 main times when you’re more likely to get a great deal on your car. These times are:

      • End of financial year
      • End of each month
      • End / start of the calendar year

These time periods are great for buyers as car dealerships are trying to clear out their stock and reach their sales targets, so they will be more open to price matching.

When you drive away knowing you have purchased the best car for you at the right price, the new car smell will be that much sweeter!

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