No matter what age you are when you take your driving test, passing is always a buzz. Once you’ve got the nod, the next thing to consider is choosing a car. New or used? Many drivers prefer to buy used motors as they are usually better value for money. A new car loses money as soon as you drive it out of the showroom although it must be said that it’s good for your ego owning a brand-new motor.
Ready to choose a car? Here are some helpful points to get you started:-
- How much can you comfortably afford to spend?
- Do you want a new or a used vehicle?
- What are the running costs?
- How much is the insurance?
- Which body style will suit you best?
Do a little research
It won’t take long to do a little research to find out the cost of a quality vehicle. Just make sure you can afford to buy and run it before signing on the dotted line. Whether you pay cash, take out a monthly loan repayment or buy the car on finance, do your homework.
If you are new to the road, say 17 or 18, think about the insurance. It’s usually quite high for young drivers, so shop around, you might be lucky enough to find an affordable insurer. If you would like some tips on how to save on your car insurance, check out our previous blog post here.
Remember new cars lose their value quickly. The figure is approximately 30%-40% of the value after one year and 50%-60% after three years. HPI, a car valuation company, provides a free calculation service when it comes to depreciation in cars, so check it out online. You can find a number of sites online which are a great help when thinking about buying a new or used car.
Look into which type of vehicle will be best for you. For instance, a seven-seater 4×4 will cost a fair bit, not to mention expensive bills for repairs and of course the fuel. Many new drivers go for a supermini or small hatchback, both are affordable and cheaper to run. Always take a test drive no matter which type of motor you eventually buy. You need to feel comfortable behind the wheel and see how the car handles.
Seen the car you want but can’t afford it?
If you’ve seen the car you want but can’t afford it, don’t worry Zoomo Car Credit can offer you affordable finance. Just the job if you’re a young driver who has recently passed your test.
Why not apply online for car finance? Once we have your details they will match it against their lenders to offer the necessary finance. We offer hundreds cars to choose from so no problem finding just what you want. Take your time checking out the makes and models within your budget. It’s then time to sign the documents, collect the key and drive away – what could be easier?