Last Updated on July 5, 2021 by Melissa S.
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Spending most of last year at home has left many people desperate to get out and about and start enjoying life once again. If being at home during the lockdown left you daydreaming of adventurous road trips and visiting new places, then buying a car is a great way to make that happen.
Owning a vehicle has so many benefits. When you have a car, it brings a sense of freedom and the ability to go where you want whenever you like. But, buying a car for the first time can feel like a big decision to make, especially as it involves spending a lot of money. If you are planning to buy your first set of wheels, here are some factors to consider when making your decision:
Choosing the right type of vehicle will ensure you manage to get the most use out of it. If you want a vehicle with low running costs and you do not need a powerful engine, a small car could be ideal for your needs. But, if you plan to go camping regularly and have hobbies that require equipment, such as paddleboarding, then a larger vehicle such as an SUV could suit you better. Deciding on the style of car you want is an excellent first step towards narrowing down your options.
New Car vs Pre-Owned Car
Depending on your budget, you may be undecided between purchasing a new car or buying a used one. New cars can be great, but it is vital to be aware of the depreciation rate, as this can see a lot of value wiped off the car in a short space of time. If you plan to keep hold of your vehicle for a while, the depreciation may not be a concern for you.
One essential consideration when choosing to buy a car is the running costs. Knowing how much you can expect to pay out to keep your vehicle on the road is a vital consideration. Insuring your new car is crucial, but it can take time and effort to find the right deal and the best level of cover for your needs. To save you time, it can be helpful to use a car insurance broker as they can find the best insurance deals on your behalf, which can save you a lot of hassle.
Along with insurance, you will also need to find out how much you need to pay in vehicle tax. The cost of vehicle tax can vary widely depending on the type of car you choose and the amount of emissions it produces.
Choosing your first car wisely is essential to ensure that it lives up to your expectations and provides you with the freedom to get out and explore. The more research you do before committing to purchasing a vehicle, the more likely you are to find a car that perfectly matches your needs and the happier you will be with your new set of wheels.