Our Checklist For Buying A New Car
by Sumona Automotive 04 February 2022
When it comes to finding the right car for you, it’s a good idea to write out a checklist before buying your new car. You need to think about what is important to you when deciding on the right model, and luckily most garages or car loan companies let you take your chosen car for a spin before you sign any paperwork. Here is what we think you should include on your checklist before buying a new car…
Can you afford the car?
Well, this one might sound obvious but it’s crucial to make sure you can afford the new car you are thinking about buying. You can easily compare prices of various makes and models of cars on sites like https://invoice-pricing.com/
If you find a car that fits your needs but you don’t want to spend all your savings and would prefer not to pay in full upfront, there are options such as bad credit car loans that can help you. If you don’t have a good credit rating, this type of car loan is designed to help you with affordable repayments. This can be a better option for those who don’t have cash upfront to buy a new car outright, and at the same time are struggling to improve their credit rating.
Exactly what are you using the car for?
Think about exactly why you want to get a new car, is it for driving to work? Dropping the kids off at school? Or for more luxury purposes? In the long run, you might be able to save money by investing in a car if most of your family uses public transport. During the pandemic, it can also be safer to drive in a car with a limited number of people, rather than sitting in enclosed public transport around many people.
Imagine you have bought the car and get pulled over by the police only to find out that there are some serious issues with the vehicle. It might be a stolen vehicle, or already be mortgaged to a financial institution. There are thousands of such incidents that are reported every other year. With the used car market picking up steam, dealerships will go to any level possible to make sales, even if that means selling vehicles with questionable paperwork and history. Make sure that you do a reg car check before signing on the dotted lines or transferring any payment.
Are you likely going to want to keep the car for a few years?
When considering if the car you have found is right for you, it’s wise to think about how long you will likely want to keep the car for. It can be expensive to keep changing your car and also inconvenient so it’s best to think about this and add the reasons to your checklist to help you assess vehicles accurately.
Are there any additional costs when it comes to the car?
Check the price of road tax and the petrol your car needs, think about how often you will be driving it and this will give you an approximate idea of how much you will need to spend on fuel. If you go for a car finance option like a car loan, you should compare the monthly installments you need to pay back to see if you can afford them. If not, you know you will need to find something cheaper to stick within your budget.
Think about your future plans
Most people like to think about their future plans when investing in a new car as they might need more seats in the next few months.
For example, if you’re planning to have children in the next few months or next year, you should find a car that’s spacious. This way you won’t need to change your car before you manage to pay off any outstanding balance if you’re going for a loan option.
Now that you know exactly what needs to be considered before investing in your new car, you can summarise some points you’d like to focus on that will help you choose.
Whether you have been saving up to buy a car outright, or you want to go for a car loan to help you cover the costs, good luck with finding the right vehicle for you. We hope this checklist will help you decide on the most appropriate car!