Saturday, 31 December 2016

Get on the road without breaking the bank: three simple ways to afford a new car

Buying a new car comes with a whole bunch of benefits. From reliability to extended warranties to being able to set out your own particular specifications for it, there is a lot to recommend buying a vehicle new instead of used. That being said, it can still be a pretty daunting prospect for one simple reason: money. For a lot of people, the idea of buying a new car is one that they tend to avoid thinking about simply because they assume that they just wouldn't be able to afford it. Well, in some cases, that might be right. But there are also plenty of things that you can do in order to afford that new car that you so desperately want! Here are three simple ways to help you to buy a new car.

Lower your criteria

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The simplest way to afford a new car is to look at models that are a little cheaper, to begin with. What you need from your car will be very specific to you, but it's important to figure out exactly what you can live without. That way you can ignore plenty of vehicles that will be much more expensive for no reason other than the fact that they have a whole bunch of bells and whistles that you simply do not need. By going to for a smaller, simpler car, you'll find yourself looking at a much more reasonable price range, even when the cars are brand new.

Part-exchange

Even with new cars, there are plenty of dealerships that are happy to part-exchange your old car so that you can get some money off the one that you're buying. Of course, the condition and value of the care that you're trading in will have a big impact on how much money you are able to shave off the price of the car. It's probably a good idea not to expect that you'll be able to cover all, or even most, of the price of the car. But, as the old saying goes, every little helps.

Finance

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One of the best ways that many people have found to help them afford a new car is by buying cars on finance. This simply means that instead of dropping a large sum of money all at once, you pay for the car over an extended period of time with smaller, regular payments. Depending on the finance plan that you choose you can pay for some of the car outright and pay the rest in installments, or you can pay for the whole thing over time and pay nothing upfront. Be warned, finance plans usually involve interest on your payments. So while it will make it easier and more feasible to buy a new car, you may well end up paying more for it over all.

Of course, you don't have to choose only one of these options. Many people have found that combining some or even all of these options can help them finally afford that new car that they so desperately want.


** This is a collabortive post

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