Buying a new car can be a scary prospect. Between researching the right model, avoiding pressure from nosey relatives, and making sure you’re making the right investment, it’s easy to feel intimidated by the process.
Don’t worry, we’re here to help. If there’s one thing we know after insuring them locally for over 40 years, its cars. Before you sign on the dotted line, make sure you’ve checked our must-read guide on getting a great deal on a new car…
(1) Consider the time of year
Are you prone to craving a convertible in the summer, or a heavy-duty four wheel drive in the winter? Spoiler alert – so is everyone else. This means your chances of nabbing a great deal are lower than if you purchase out of season. Plan ahead and look for models which might be harder for people to sell at certain times, then use this to your advantage. Another top tip – dealers work to quarterly sales targets which typically close at the end of March, June, September and December. Approach a dealer towards this time of the month, and they might be more inclined to agree a discounted rate to secure a quick sale.
(2) Think about what type of car you really want
You may have your heart set on a large car with a big engine, but it could be cost-effective to consider something smaller with cheaper running costs. Really take your budget into consideration and decipher how much you would be willing to spend on maintaining a car each month. No matter how good a deal you get on buying a car, it won’t matter if you can’t afford it once it comes home.
(3) Look online and offline
It might seem easy to hook up your laptop and do all of your car research online, but you cannot truly experience a car without seeing it in person. Look online for advice, but then take to the streets to test-drive, examine, and investigate options yourself.
(4) Used vs New
We know how tempting a shiny, brand new car is, but once that car leaves the showroom, its value nosedives. Are you dead set on having that new car, or would you be content with a year-old model? Many dealers sell year-old showroom models for a fraction of the price, offering a greater deal than a new one. Better yet? Investigate used car showrooms and auctions – it might not be the latest edition, but it might be the better deal.
(5) Learn to negotiate
It might seem daunting at first to challenge a car ‘expert’, but most car salespeople are used to being haggled on their prices. Some helpful tips? Don’t reveal your true budget, start your offers low. The more you demonstrate that you know what you are talking about, the better chance you have of coming out with a fantastic deal.
(6) Do you really need the extras
We know how tempting camera-controlled reverse parking or touch-screen dashboards are, but do you really need them, especially if you are on a budget? Before sealing the deal, consider whether those ‘must-have’ car alterations are really as necessary as they seem. Opting to go without might mean a big chunk off of your final bill, giving you an even better deal.
Abbey Insurance Brokers
Before you buy any car, you must have car insurance in place first. Abbey Insurance will work with you to determine the best kind of insurance to meet your individual needs, getting you on the road in no time. Be sure to ask our team about GAP Insurance too! Give one of our expert advisors a ring on 08000 66 55 44 if you plan to purchase a new car in the near future.