4 Ways To Save Money When Buying A New Car

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Last Updated on April 21, 2021 by Admin

If you’re trying to keep your spending to a minimum and are running a bit of a tight ship at the moment, then the last thing you need to invest in is a new car. Nevertheless, if your car has been written off or broken down, then you will find yourself in a position where you need to get a new one to get yourself to work or the kids to school every day. Whatever the reason, it doesn’t mean you have to spend a fortune. Here are three ways to save money when buying a new car.

If you’re trying to keep your spending to a minimum and are running a bit of a tight ship at the moment, then the last thing you need to invest in is a new car. Nevertheless, if your car has been written off or broken down, then you will find yourself in a position where you need to get a new one to get yourself to work or the kids to school every day. Whatever the reason, it doesn’t mean you have to spend a fortune. Here are three ways to save money when buying a new car.

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  1. Get The Best Deal On Car Finance

 

Companies like ChooseMyCar know how tricky it can be to secure car finance with a poor credit score. So, if you’re not quite debt-free just yet, fear not as there are still great ways to get a great deal on your car finance. Scour the market for a borrowing scheme with the lowest APR you can find and this will put you in a stronger position when buying your next car. If you know what the maximum amount you have to spend is, then you will be able to haggle and negotiate better with the car dealership. Remember, don’t overspend or try to max out your budget. 

 

  1. Shop Around To Find The Best Price

 

Don’t just settle for the first car you find. Shop around to make sure you get the best price! Sites like AutoTrader can help you to compare some of the best new and used cars on the market ensuring that you find a bargain to match your budget. Often, many garages or private sellers will accept slightly less than what a car is being listed for, so don’t be afraid to push back on the price and see if you can secure yourself some extra money back. At times like these, where dealerships have been closed due to the pandemic, you can actually get a bit better value for money than you might normally, so it’s worth persevering to find yourself that excellent deal.

 

  1. Don’t Go Overboard On The Spec

 

Do you really need heated seats, electric windows, or a Bluetooth connection in your car? For some people, these features will be absolute musts, but if you don’t care for them all that much, then don’t overpay just because a car has them. Search around for basic bottom-tier models of reputable vehicles that don’t necessarily boast all the top-of-the-range features and you could bag yourself a bargain. After all, reliability and longevity are far more important to you than simply being able to heat your seat up quickly on a cold day, surely? Mod cons are great but they do come at a price, so if you’re on a budget it makes sense not to go overboard on the spec of your new car. If you can go without a few of the basics, then you’ll really save cash!

 

Hopefully, these three tips help you to get a great deal on your next car – even if finances are a bit tight at the moment.

 

 

 


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