14 September 2019

Tips for choosing your first car!

Being a new driver can be a mixed bag of emotions; it’s exciting but also nerve-wracking. Buying your first car can be much the same, especially if you don’t feel like you know much about cars yet. As a first time car owner, you need something you feel comfortable, safe and confident to drive when you hit the road alone for the first time. 

Consider Buying Used
A new car loses a lot of its value as soon as you drive it away from the dealership. For every year on it’s age, the car’s value will drop more. If you sell the car on later on, you won’t make your money back. Plus, if it's your first car and you have a few bumps and scratches along the way, you won't mind as much if it's not a brand new car!

As a new driver, think seriously about saving your money and choosing a used car. A used car’s value has already dropped, so you won’t be paying that inflated new car price. Brand dealerships often have a good selection of quality used vehicles. Visit somewhere like a local Mercedes dealer to see what they have available. I found mine online and fell in love with it as soon as i saw it!

Set A Budget Before You Choose A Car
Don’t set your heart on a particular car before you’ve set a budget, in case you can’t afford it. Work out a budget before you start shopping.

When working out your budget, remember it’s not just the price of the car you need to consider. You’ll also need to budget for other costs like car insurance, fuel, repairs and upkeep.Some cars can be more expensive to insure, so make sure you keep an eye out for that. I've found that even as a 28 year old who's had her license over 2 years, i still pay a lot for insurance! If you decide to get your car on finance too, you'll need to make sure you can pay this every month as well.

You might be able to save a bit of money on your monthly car payments by paying more up front, if you can afford to. If you like a project, you might score a deal by choosing a car that needs a bit of work, especially if you have friends or family members who could help do the work for free!

Think About Your Must Haves
When choosing your first car, it can be easy to get over excited and choose something you think looks cool. Remember to think practically too, and make a list of things you car needs to have to make your life easier. 

If you’re on a tight budget, search out the best gas mileage. If you’ll be commuting, look for comfy seats and a great sound system. Love a road trip? Make sure the back is comfortable and roomy for passengers. If you live somewhere that floods or gets heavy snow, choose all wheel drive and sturdy tires. Write a list, and stick to it when you’re shopping. 

Look At Finance Options Early
Many new car buyers forget to look into the finance options first. If you’re already at the dealership with a salesman breathing down your neck and throwing numbers at you, it can be overwhelming. To avoid caving to the pressure and signing up for whatever finance option they’re offering, do your homework first. 

Do some research, by speaking to a credit union or bank about what options are available to you. Look for good rates, extended warranties and clear advice that you can understand. If you can, get pre-approved so you have a number ready to negotiate with at the car dealer. 

And then all that's left is to drive safe and enjoy your new found freedom!



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