With spring around the corner and the release of the new registration plates, March is a popular time of year to buy a brand-new car. But it’s also a good time to hunt down a deal on a used car too.
Choosing a new vehicle is exciting, but it’s important to plan ahead and consider all the options to make sure you get the best deal.
The first step in buying a car should always be outlining your maximum budget. Don’t forget that ongoing costs such as insurance, road tax, fuel and routine maintenance need to be accounted for, so you’re not spending beyond your means.
As with any big purchase it’s crucial to shop around to get the best deal. Look for reviews and offers online and visit different showrooms to compare prices. Also, consider how long you’re planning on keeping the car as some vehicles are better at holding their value than others.
Consider what you need the car for rather than what you want. Are you looking for a reliable family car with good fuel efficiency? Or, if you’ve got an active lifestyle you may be after a four-wheel drive to tackle off-road tracks. And always take the car for a test drive to make sure everything’s working and it’s right for you.
Be sure to negotiate on the price and see if you can get any extras included, such as car accessories or a tank of fuel. If you don’t ask, you don’t get!
Buying a car is one of the most popular reasons people take out a loan and borrowing money through a credit union such as CLEVR Money is a great option, as there’s no set-up costs, arrangement fees or early repayment penalties,
Our range of low-cost, flexible loans can help put you in the driving seat, without the need to worry about high interest rates.
And don’t forget, our ‘Beat the banks’ promise means that if a high street bank offers you a lower rate on a loan under £5,000, we’ll match it - so our loans should make us your first call for credit.