Buying a new family car is always a significant event – But how can you get it right the first time around without making any mistakes? That’s the big question.
Many families get into trouble when buying vehicles and end up taking them back to the shop or embroiled in PCP car finance claims. But that doesn’t have to be you.
Do Define Your Needs
You’ll want to start by defining your needs and thinking about the type of vehicle that’s going to make sense for your family. You want something that’s robust but also has the space and room you need for the kids. You should also think about things like car seats, whether you will take frequent road trips, and if you have space for sports gear and groceries.
Do Set A Budget
Next, think about your budget. Knowing how much you can afford to spend will keep you in check and ensure you don’t overextend yourself on something you can’t afford.
Setting a budget takes time, and you’ll need to consider multiple factors, including fuel, insurance and maintenance costs. Don’t jump into anything immediately unless you know what you’re doing.
Do Check Reviews
After that, spend some time checking the vehicle’s reviews. See how others have received it and how it performs compared to other cars in its category.
Don’t go to mainstream publications for reviews. These are mainly paid off by the manufacturers (so they aren’t honest). Instead, look at what consumers themselves are saying. Go to Google Reviews and any other forums you can find for genuine opinions. If you use outlets, only use those you know you can trust.
Do Negotiate
You also want to negotiate when you buy a new family car. Dealers may offer you a discount upfront, or they may tell you that you have their best price, but that they are willing to throw in some extras, like a roof rack, or a car vacuum. These little additions might not seem like much, but they can make a difference over the long term.
Don’t Skip The Fine Print
If you’re leasing or financing a new car, don’t skip the fine print. Always read through it thoroughly, making sure you understand things like the loan terms and interest rates. If you’re not sure about anything, take a solicitor with you, especially if the loan amount is high. Alternatively, get the dealership to send you a copy of the loan details and terms before you sign so that you can use an attorney at law.
Don’t Skip The Inspection
Unless the vehicle is new with a warranty, you should also avoid skipping the inspection. Checking for defects, even after delivery, is essential so you can ensure that you get value for money.
Remember, sometimes transporters can damage vehicles. If this happens, you need some sort of recourse.
Don’t Ignore Resale Value
Finally, you’ll want to consider your new family car’s resale value. The more you can sell it for in the future, the better.