Whether you are buying a new or used car this year there are a few common sense tips we all should keep in mind.
It’s safe to say that when it comes to buying a new or used car, buyers fall into two categories. There are those that can’t put off buying a car any longer and those that have been biding their time, getting ready for their dream purchase.
No matter what type of buyer you are, purchasing a car takes a lot of effort and a great deal of planning. Luckily, there are several helpful tips that can make the whole process easier.
We all have a little daydream when we see the latest Mercedes cruise past us on the street, but the truth of the matter is that not all of us can afford a brand-new car. Thankfully, you don’t always need one either! The second-hand car market has successfully served the needs of motorists for decades and offers something for everyone. Whether you’re looking for a sizeable family vehicle or a small reliable runner that gets you to the office, there’s something for you.
Research the various online sites and get an idea of the typical price for the age and model of the car you are looking for. Walk around a few dealerships and see if anything catches your eye, but treat theses visits as reconnaissance missions and not shopping trips.
As we all know, the sticker price only says so much about what a car will cost you. When you decide on the model you want, start your additional research on the cost of insurance, road tax, Vehicle Registration Tax (if you are importing from the UK), fuel consumption as well as the cost of ongoing servicing and maintenance (including the cost of ad-hoc parts due to wear & tear, and tyres of course).
The combined total of these costs will give you an idea of the month-to-month cost of running your desired vehicle. If you are not paying cash you will also need to factor in the monthly finance cost, whether it’s a personal loan or some form of asset finance such as HP or PCP.
There are several finance options available when buying a car and naturally the ‘right option’ will differ from deal to deal. If you would rather use your savings to pay the full amount of the car, do so if it suits you. Otherwise consider car loans, credit union loans and the various finance deals offered by the dealership or garage.
If you can buy a new car you should look out for any scrappage deals you can get when you trade in your new vehicle. Especially if your own car is nearing the end of its useful life and won’t be worth much on the open market this could knock thousands of the price as well as saving you time trying to sell or dispose of it privately.
If you can put off buying the car for a year or so, and put by some money each month it will help you offset the price of the car when the time comes. If your need is urgent, it’s time to start talking to your bank or credit union about what you need to start doing now to qualify for a loan.
Negotiation doesn’t come easy to everyone, but if you give it a try you could see your costs greatly reduced. Go in with a fixed budget and, if you feel that the price is climbing, remind the dealer that “I can’t go above this amount”. If you aren’t a very car savvy person, then it would be helpful to take someone along with you who knows their cars well. Perhaps you know a mechanic or have a family member who is a car enthusiast?
If you don’t, then think about all of the questions you should be asking about the car in advance, write them down and bring them with you when you are viewing the car. More often than not your emotions take over when you find the car of your dreams so it always helps to have a few logical questions written down.
Remember that you don’t have to commit to anything in an instant. Do the research, take your time and purchase only when you are ready. The car is going to be with you for a long time so it’s important to be certain that you are getting what you want. Find out more simple ways to save when buying your next car.
Want to give your savings a big kick-start? Start a LifeSave Savings plan with Zurich Life and they will gift you a €100 contribution to your new savings plan. Offer starts January 16th and runs until March 31st. Terms and conditions apply.
Zurich also has a handy budget and savings calculator to help you get to grips with your monthly incomings and outgoings and see where your biggest savings can be made this year.
How far away, exactly, is the self-driving car?READ MORE »
We have long since suffered a pothole epidemic on Irish roads, so much so that it has become a running joke, and even lead to an outbreak of people ‘helpfully’ drawing attention to potholes by drawing, um, shall we say ‘male members’ around them.READ MORE »
This past week, PSA Group, which basically means Peugeot and Citroen, released what it calls ‘Real World’ fuel economy figures for three of its key models.READ MORE »
In 2008, when the motor tax system was changed from the old by-engine-capacity rates to the current Co2-based rates, we became a diesel society.READ MORE »
I know, I know.READ MORE »
With more than 50,000 Irish cars about to be recalled to have defective airbags replaced, there’s a pretty good chance that you’re about to get a recall notice in through the letterbox, asking you to visit your local franchised dealer to have a repair and replacement carried out.READ MORE »
New Car Sales for Q1 2015 continue to increase, but a worrying trend has emerged in with a Used Car Sales decrease for the same periodREAD MORE »
June and December are now the ideal months for new car buyers seeking the best bargains to get out and spend their cash, according to research by Motorcheck.READ MORE »
Irish drivers are fully in agreement with the recently introduced legislation on texting while driving, a fifth say they frequently use their phones behind the wheel and there is still confusion over what the legislation actually covers.READ MORE »
Need for an official mandatory car write-offs database, fed by the insurance industry. This would afford Irish used car buyers more comfort.READ MORE »
This morning we were invited into the Ireland AM studios at TV3 to chat with Mark Cagney about some of the more common problems we come across daily. Car clocking, insurance write off’s, outstanding finance and a variety of other important pieces of information we report on for Irish car buyers were all featured.READ MORE »
TextCheck.ie is a new SMS based service from MotorCheck.ie – the Car History People. Text VALUE followed by the Reg to 51155 to receive an instant valuation and a free identity check. A great new service that gives buyers and sellers alike the ability to Benchmark the price of any car (or van) in Ireland.READ MORE »