Five things you should do before buying your first car
There is probably no better feeling for a young first time driver than getting your first set of wheels – oh the freedom! Just like buying any large piece of machinery, or even a new home, it’s important to find the best deal, and the best vehicle to suit your needs, budget, and of course try not to get ripped off in the process.
You will no doubt know that as a first time buyer you are going to pay more for your insurance, and this is simply a fact of life, nothing you can do about it other than try and get the best deal you possibly can for your circumstances. Shop around!
Before you hand over cold, hard cash for your first brand new pair of sparkly wheels, there are a few things you need to bear in mind.
Do your research!
Don’t even attempt to buy a car without first doing a bit of research. Find a reliable individual to help you if you’re not sure, and arm yourself with a little knowledge before going to look at any cars. There are some unscrupulous people out there who are only too happy to take advantage of naivety when it comes to this kind of business, so make sure you don’t fall foul of it.
Set a budget
It’s easy to let your enthusiasm run away with you when you’re buying your first car, but it’s important to be realistic about how much you can afford to spend, especially if you’re using credit to buy it. You don’t want to lumber yourself with an unaffordable monthly repayment, and equally you don’t want to blow all your savings on a car either. Set yourself a realistic budget and stick to it, even haggle a little if you can.
Check the cost of insurance
Before you agree to buy a car, head online and check out how much it is going to cost to insure it. Some vehicles cost more to insure than others, and you don’t want to find a ‘bargain’ car, only to realise that it’s going to cost a lot more to insure it – false economy.
Talk to a mechanic
Again, before you agree to do anything, get a mechanic to check out the basics of the car first, to see if there is anything glaringly obviously wrong with it, so you know ahead of time, and you can make an informed decision on whether it is worth the money to put it right.
Get a second opinion
This is a big decision, whichever way you look at it, and if it is your first time buying a car then you need a second opinion from someone you can trust. It’s easy to get carried away in the moment so make sure you take someone with you who is going to bring you back down to earth when you start floating off into the clouds. Keep your head and wits about you when committing to such a large expense.