THERE is nothing quite like buying a car new and there are many benefits to being a vehicle’s first owner.
While there are many advantages, and it is not as risky as shopping in the used car market, it is still important that you know what to look out for and how to make the right decision.
Get your finances in order
Buying a new car will always be expensive so you need to work out exactly how much you can afford to spend, including running costs. It might also be helpful to improve your credit score if you plan on taking out a loan to finance the purchase.
Create a shortlist
It is then a matter of making a list of suitable automobiles which suit your requirements and are within your budget.
This means that you should sit down and create a list of important features, such as the number of doors, MPG, boot storage, performance, safety features etc. This should help you to create a list of cars which you can then start searching for.
Shop around online
The internet has made shopping for a car easier than ever. Once you have your list of suitable vehicles, you can then search for these online to find dealerships in your area that carry that vehicle.
In many cases, you can then book to see and test drive the car or just show up at the dealership. While you are shopping around online, you should also make sure that you research the dealership to see what previous customers have said and whether they offer services like trade-ins, finance deals etc.
Examination and test drive
You do not need to be as thorough with the examination and test drive with a new car because it will have no history but you still need to make sure that it ticks all of the boxes and that it is enjoyable to drive so take your time with these processes.
Once you have agreed to purchase a vehicle you will need to either switch over your cover to the new car or take out a new policy (you can arrange short-term insurance to get off the lot if you are still shopping around).
Additionally, you may want to think about GAP insurance when buying a new car because this could save you a fortune. A car loses as much as 35% of its value after just one year and if the vehicle were to be written off then you would only get the current market value.
A GAP insurance policy could save you thousands of pounds and is a smart investment to make.
Buying a brand-new car is an exciting process but you must always take your time to make sure that it is the right decision as it is a huge purchase to make.