Just because you need to get your hands on a new car, it doesn’t mean you know which car you want. There are lots of different vehicles out there, which are practical for different reasons. The best thing you can do is spend a little time researching the different cars that are available and make sure you choose the right one for you. One of the biggest decisions for many people is what type of car to get. The choice between new and used cars is a big one, and one that many people struggle with.
Credit History and Down Payment Options
If you are planning to buy a brand new car then due to the expense, there is a high possibility that you are planning to put some of the cost on finance. You should only do this if you have a good credit history otherwise the amount you have to pay back will be high!
You also need to think about whether you can put down a deposit to help bring down the overall amount you have to pay back. Some places will even let you trade in your old car towards this cost, which is something that should be considered.
A Second Hand Car Will Keep Its Value
If you buy a brand new car then it will lose a massive chunk of its value as soon as you drive it off the forecourt. The amount that the car will lose varies, but it could be as much as half of its value. This is fine if you plan and can allow for this. For some people, knowing that if they sold their car at an hour old it would go for half of what they paid for it, it is enough to put them off.
When you buy a used car it has already gone through its historical ageing and drop in price. Buying cars from used Ford dealers for example will mean that you can sell the car more or less for what you paid for it, as long as it hasn’t aged too much and is in the same condition.
The Cost Of Repairing A Used Car
If you buy a second hand car then you have to be prepared for the fact that there may be some mechanical repair work that needs to be done to this at some point. When working out how much the car is worth and what to pay, this is something that you have to consider.
There are websites online that will help you work out the value for a second hand car, so it is well worth looking at this before you decide what to buy and how much to spend. You should, if possible, take someone who has a little mechanical car experience with you to buy the car so they can check it over for you before you part with your hard earned cash.
What you also need to think about is what you’re going to do without a car whilst these repairs are going on. It is all well and good planning in to spend more money on your car, but would you be able to cope if it were in the garage for a couple of days and you were unable to use it?
Whichever option you take, I hope you are very happy with your new purchase and you enjoy many miles together!
Popular How To Guides
How to Pick the Best Cryptocurrency Broker
For a cryptocurrency trader, their broker is the most important member of their team, the MVP, the key to their...
How to Hike the Grand Canyon
The famous Spanish conquistador Don García López de Cárdenas was the first European to set eyes on the Grand Canyon....
How To See the Sights of London in One Weekend
If you have never been to London before, you may be wondering where to start with a plethora of landmarks...
How To Trade Forex – Forex Trading Tips You Shouldn’t Ignore
The stock market can be an extremely profitable way of earning a living, however, it can also be highly stressful...
How to Prepare for a Coaching Session
Fail to prepare, prepare to fail – the mantra of any good coach. Before any training session, as a coach,...
How To Become A Competent Hunter
Public interest in hunting had hit a bit of a lull between 2015 and now. However, 16.9 million hunted in Spring of...
How To Get Your Kids Ready For Their First Baseball Game
The first baseball game that you kids play is an exciting time for a parent. There is no better feeling...
How To Start Following Horse Racing
Following horse racing is one of the world’s most popular pasttimes, particularly with those who wager on a regular basis....
Business2 years ago
5 Things You Must Consider Before Starting A Construction Company
Cars & Vehicles3 years ago
How To Deal With A Driving Offence (Quick Tips)
Games / Video Games1 year ago
How To Connect a Mouse and Keyboard to Your PlayStation 4
Sport1 year ago
How To Get Into A New Sport: 10 Inspiring Tips
Cleaning5 years ago
How to Make a Shower Tray Look Like New
Business4 years ago
How to Make Your Own Mini Conveyor Belt
Home Maintenance & Repair4 years ago
How To Build Your Own Fitted Wardrobes
Cars & Vehicles1 year ago
Can You Really Afford That Car? How To Know If You Are Making The Right Decision