Buying your first car is such an exciting prospect and can be a liberating time, but you need to make sure that you are ready to make the leap. It is essential that you take your time in deciding and know what to look out for.
We have put together this handy guide with everything you need to know before making your first car purchase, so hopefully, you will have a better understanding of the road ahead.
New Or Second Hand?
If this is your first car purchase, the main question that you may be asking yourself is whether you want a new or used car. While everyone loves that new car smell, new vehicles can carry higher costs and insurance compared to used cars, however, you have more options when it comes to customising the paint colour and finish. With used cars, you may be restricted in customisation, but they tend to be more affordable and can be bought through a dealership for security. Ultimately though, the choice is yours.
Is Your Credit Score Up To Scratch?
If you have poor credit or no credit at all, you may be worried about securing car finance. That’s where bad credit car finance comes in, which is a perfect option for those with poor credit or no credit. With this type of finance, lenders will base their decisions on affordability rather than your whole credit history, so they will factor in your current income, any essential monthly expenses and other financial commitments. You can also improve your credit score before seeking car finance by ensuring you are on the electoral roll, updating addresses on your bills, and paying your bills on time.
Where Will You Buy Your Car?
There are several places that you can buy your first car from depending on whether you opt for new or used, but most people will purchase from a manufacturer’s network, an independent dealer, an auction, or directly from the owner. There is no one-size-fits-all solution and each option has a few things to look out for:
- Manufacturer’s networks have a service team who really know their cars, so they will make sure that a used car’s service history is legitimate and will usually be able to guarantee the car’s performance for at least a year.
- Independent dealers will offer a variety of makes, models and years on used cars. They tend to be typically better value and more affordable than buying from the manufacturer dealership.
- Buying a car at auction usually involves purchasing on appearance rather than performance. You may land yourself a bargain or getting a lot more than you bargained for, so this can be a risky method of purchasing.
- Private sellers do not have the same consumer rights as manufacturer’s networks or independent dealers, so you should check that the car is being sold legally and runs well. However, with this option, you may be able to get yourself an affordable deal.
When it comes to taking the first steps on your first car journey, there are a few things to consider and keep in mind, but it is beneficial to take precautions in order to ensure a smooth process. We hope that this guide has helped you to make some informed decisions ahead of looking for your first car and that you are excited about driving away with the perfect vehicle.
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