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5 Things to Do When Buying a New Car

Buying a new car is exciting, but it can also cause a fair amount of stress because it is a large financial commitment to make and the process can be lengthy. It is helpful if you know what a few of the most important things that need to be done when buying a new car are to reduce stress and also to simplify the process:

1. Test Drive

Once you have found a car that you like, you should always take it for a test drive before making any kind of commitment. This is so that you can test out all of the features, but also to make sure that you enjoy driving the car and feel confident behind the wheel - it is always different driving a new car but you should still feel confident behind the wheel.

2. Research the Running Costs

The price tag of the vehicle will, obviously, be one of the most important factors (more on this below), but you should never forget to research the running costs. You don’t want to spend a large sum on a fancy vehicle only to find that you will be unable to afford to keep it on the road due to the high insurance, road tax, fuel and maintenance costs.

3. Agree on a Price & Terms

Following on from this, it is also important that you agree on a price and terms that you are happy with before signing anything. You should not shy away from negotiation as you could save a huge sum on this and you must always make sure that you will be able to afford the terms prior to agreeing as you do not want to struggle to make any payments and have it interfere with your quality of life.

4. Trade-in Your Old Car

Of course, a smart way to bring the cost of the new car down is to trade in your old car which can also be the quickest and easiest way to get rid of the vehicle. You do not want to have to wait to find a buyer privately which can be risky and unreliable, so simply trading it into the dealership is often the best approach.

5. Arrange Insurance

Keep in mind that you cannot legally drive the vehicle without insurance in place so you will want to arrange this for when you pick the car up. Additionally, if it is a new vehicle then GAP insurance is a smart optional cover which could save you thousands of pounds if the vehicle is ever stolen or written off.

These are 5 key steps that you will need to take when buying a new car and being aware of these will help to reduce stress and help to simplify the process of buying a new car.


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© Sam Halmshaw 2020