Nothing is as exciting as shopping for, and buying, your first car. With car dealers treating you like royalty, the fresh smell of a new car, car tech, and different colors to choose from, it is easy for one to be caught up in the moment or make the wrong decision. It is for this reason and more that you should never make a rushed decision, especially on your first purchase. You might, however, want to research more about your ideal car, the various available options, and what you want in the car. Outlined below are some of the factors to consider when shopping for a new car.
1. It’s Long Term Value
For how long are you looking to use the car? Do you wish to use the vehicle for as long as it runs? Do you really need a new car? These are some of the questions to ask yourself before choosing either a second-hand or a new car. Most new cars, according to AA, lose around 40% of their market value one year into use. Some cars will depreciate much faster than others; another reason you need to be concerned about your choice’s depreciation rate before the actual purchase. A little research on this will help you make a more informed decision.
2. See If It Fits Your Lifestyle
What are you looking to use the car for? Will it fit in your garage? Will everything you use daily (e.g., pushchairs) fit in the boot? Will it be capable of handling the terrain around you? These are some of the factors to consider when shopping for the ideal car. This should, at least, come before choosing the racy sleek black, yellow, or vibrant red colors of your favorite cars. Only go for a car that will not only fit your lifestyle but also come in handy when you have to make a few lifestyle changes. Citroen recommends making a list of must-haves before walking into a dealer’s shop. Be sure to create a column of what is essential, and the added extras you would be happy with according to your budget.
3. Consider Autonomous Emergency Braking (AEB) As An Additional Feature
Autonomous emergency braking is an advanced feature that helps monitor various traffic conditions and brakes the car accordingly, especially if the driver doesn’t on time. This is especially useful and crucial in emergencies that could lead to crashes. According to research conducted by Thatcham, AEB systems have helped reduce real-world rear-end collisions by approximately 38%, a reason they recommend ensuring your car is at least equipped with one. The AEB feature doesn’t, however, come standard in most vehicles; hence worth adding to your must-have features.
4. Consider Your Payment Options
Always have your car finance options in check before walking into a dealer’s shop. Consider all available options, and choose the one that suits you best. The dealer might also outline other payment options you could be interested as well.
5. Stick To Your Budget
The rule of thumb when shopping for a car is to compare prices from various dealers, both online and offline. Check with every car dealer you can think of to get an idea of how much the car costs. Some dealers will, of course, be more affordable than others. Nevertheless, having an idea of the lowest price you can get the car for, gives you a better chance of negotiating and getting a better deal. Parkers and What Car are a perfect example of examples you can compare various car deals.
Do not let the dealer or salesperson talk you into paying more than you had budgeted for. State your final price and stand by it. Only sign the papers after you are in agreement, not before.
6. Pick The Best Time To Buy
As weird as it may sound, the time you choose to buy the car can have a significant impact on how much you have to pay in the long run. According to Auto Trader, most dealers will have lots of stock to shift between September and March, and just after a new number plate format has been introduced. August and February can also be an excellent time to buy a car. This is because most dealers will be looking to clear old stock. You might also want to visit the showroom during the weekday and avoid weekends at all costs. You are better placed to get a better deal on Friday than you would during the weekends. This is because the dealer is eager to hit their weekly target.