What to Look for When Buying a New Car

By Chaudhary Khalid Rafiq | Dec 21, 2017

Buying a new car is a major investment for most people and one that requires a lot of thought. When you purchase a vehicle from new, you benefit from peace of mind because it is a brand new vehicle and therefore there should be no issues. You also have a warranty so any problems can be sorted out. On the downside, you have to remember that brand new vehicles depreciate in value as soon as you drive them off the forecourt.


When you are buying a new car, you need to consider a number of factors to ensure you make the right choice. Considering the amount of money you pay for a new vehicle, it is important that you choose the right one for your needs.


Some of the things you need to consider

It is important to do your research and also assess your needs when you are buying a new car. For instance, if you are looking for something sporty a Dodge Challenger Coupe could be idea whereas if you want a family vehicle you may be better off with something like a 2018 Renault Megane, which has plenty of room for the whole family. So, when making your choice, consider the following factors:


  • Your budget: You need to work out what your budget is for purchasing a new car. If you plan to take out a car loan, find out how much you can borrow and how much you can actually afford to borrow based on repayments so that it doesn’t have a huge impact on your household budget.


  • Depreciation levels: Different vehicles can depreciate at different levels, so this is something else to research. All brand new vehicles will depreciate when they are driven off the garage forecourt. In order to minimize on losses, you may want to go for something with a lower depreciation level.


  • The size of the vehicle: You need to take the size of the vehicle into consideration before you make your choice. This is to ensure that it will suit your needs. For instance, if you have a large family you will need to opt for a larger vehicle whereas if it is just you or you and a partner you can go for something smaller or sportier.


  • Running costs: Another thing to look at is the running costs of the vehicle, as these can also vary based on the make and model that you choose. Things such as tax, insurance, and petrol costs will vary based on the type of vehicle, size of the engine, and other factors. Make sure that you consider the affordability of the running costs when making your choice, as these are long term costs that you will then be stuck with.


All of these factors will play a big part in the new vehicle that you choose. The key factors are to look at suitability and affordability when you are choosing your vehicle.

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