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4 Tips To Buy Your First Car Without Breaking The Bank

by Suhail Ajmal
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Passing your driving test is one of the greatest feelings in the world. However, once you’ve come back down to earth, you’ll soon be hit with a harsh reality. Buying your first car will not be cheap.

Nobody ever forgets their first car, and it’s one of the biggest consumer decisions you’ll ever make. For most of us, though, it’s also one of the scariest. Here’s how you can ensure you stick within your budget.

Research

The first step to finding the perfect car is to find out which models appeal to you. There is a whole world of information at your fingertips, and the internet is truly a wonderful resource for assessing your options.

Make a prioritized list of what you want from your car, and then use it to filter your selections. Furthermore, you should use these notes to advise any experts or dealers about what you are looking for.

Your car is going to depreciate after the purchase. Making a poor decision that requires a quick sale is the easiest way of breaking the bank. This research might feel a little exhausting, but it’s better to be safe than sorry.

Buy Used

If your situation dictates that you need to be money conscious, then buying a previously owned car is probably the best way of saving money. The used vehicle will depreciate less than its brand new counterpart. Moreover, the lower buying price will also open your options up in terms of what cars are available within your budget.

A lot of drivers have doubts about buying used cars, but there isn’t any reason to worry. As long as you purchase from a reputable dealer, there’s no reason that you can’t drive away with a reliable motor at a bargain price.

Besides, as a first-time driver, your insurance is bound to be high. Buying used is a great way to lower those costs too.

Haggle

The best way to get value for money is to negotiate a better price. It’s as simple as that.

You’ve done your research and know what value reflects a fair price. Even if the seller is providing a decent offer, it’s always worth haggling. The worst they can do is say no.

Bartering is a bit of a dying art in the modern world, but the motoring trade is one where it remains prevalent. These tips should help you broker the best deal.

Finance It

Buying a car can leave our wallets empty because it’s a lot of money to hand over in one hit. The most obvious way to prevent this from happening is by paying it off in installments.

Use a car loan repayment calculator to see work out the best type of repayment plan for you. Knowing that you don’t have to fork out for the entire price in one hit will save you a lot of hassle, especially while you sort out insurances and other important details.

In many cases, a loan is the only way to purchase a car. Even if you have got the money, though, it can still be the greatest option available. After all, you’re far less likely to miss small regular repayments.

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