If you took a moment to search for a car or a van to buy or hire, you’d be greeted by endless pages of search results and adverts. While it’s beneficial to have a choice as a consumer, all the jargon and the ‘unmissable deals’ can cause confusion. If you’re toying with the idea of buying a new car, or the lease on your van is running out, here are some tips to point you in the right direction in finding your next vehicle.
Leasing versus buying
There are two main options when it comes to getting a new wagon for personal or business use. You can either purchase or lease a vehicle. Buying a car outright may save you money in the long-term, but you’ll need to pay more up-front, and the value of the vehicle is likely to deteriorate with time. To lower the cost of buying, you could look into purchasing a used car, rather than a brand new one. Check the vehicle details carefully and always take a good look at the car in the flesh before committing to buy. Organising a test drive is hugely beneficial, as you can’t really get a feel for a car until you drive it.
If leasing is a more appealing option, conduct thorough research first, compare prices and deals and think about how you’re going to use the vehicle. Look for reputable dealerships and be aware of the potential risks involved. You don’t want to end up repeating any of the 3 biggest disasters in van leasing history or lose out financially. Look at the terms and conditions carefully and make sure you know how much you need to pay per month and if there are any extra charges. Some companies will set a mileage limit, for example, and many offer different rates for personal and business use. It’s worth comparing different offers before you make a decision. You can often adjust prices by changing the mileage or the duration of the agreement.
Setting your budget
Setting a budget is a useful exercise for any new or used vehicle search. If you plan to buy a car, a truck or a van, establish a maximum purchase price, and don’t be afraid to try and negotiate. There may be room for manoeuvre on the asking price. If you’re leasing or taking out a finance agreement that involves making monthly payments, figure out how much you can afford to pay each month. You don’t want to overstretch yourself, as you will need to factor in additional costs, such as insurance and fuel. If you know what kind of vehicle you want, it’s worth shopping around, as some dealerships may be able to offer incentives or discounts.
Whether you’re looking for a brand new car or you’re keen to explore leasing options, it’s beneficial to simplify and take the stress out of your search. Weigh up the pros and cons, set a budget, do some research, read the small print and book test drives before you make a decision. Good luck in finding your next vehicle.
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