Paying for your first car

Buying your first car is always a big step for anyone to take. The chances are that when you come to buy your first motor, it'll be a used one - unless, of course, you've come into some cash or you have a wealthy relative who's prepared to stump up for a brand new model. Young drivers generally aren't too flush with money, and many find themselves on the receiving end of a rude awakening when they pass their test and come to buy a car. It's not just buying the vehicle itself that's so problematic - there's also insurance to think about, as policies are usually particularly expensive for young and first-time drivers.

Knowing how you're going to pay for your first car is therefore very important. It's worth remembering that there are a number of different options available to you in order to help finance your purchase. If you don't have any cash to hand and you think you're likely to struggle to save up and pay for your car that way, you might want to look into whether guaranteed car finance offers could help. You can find out more about how to obtain credit to help fund a used car purchase by looking online, and you should find that the process of applying for it is relatively simple.

However, an article from eHow.com observes that when you're looking to pay for your first car, there are a lot of factors you need to bear in mind. Firstly, you need to have a clear idea of how much money you have to spend on your motor so that you can avoid overpaying for it. Setting a clear budget should help you avoid the temptation of spending too much on your car. It's worth remembering that as a new driver, you're more likely to be involved in an accident and thereby to do damage to your car. It makes sense, then, to set your sights a little lower and spend a relatively modest amount on buying your first car.

You also need to include a number of other factors in your budget. Think about how much you're likely to end up paying for your insurance, and consider how much filling your car up with fuel is likely to cost you. You should also think about how you're going to pay for maintenance as and when you need to get your car serviced and repaired. It's worth remembering that these expenses are likely to cost you a pretty penny, and can soon mount up - so you need to be prepared to foot the bill.

A post from Driving-test-success.com points out that where possible, you should always look to negotiate. It's worth bearing in mind that some motorists will be happy just to sell their car - this is particularly true in the current environment, when household incomes are squeezed and people are looking to rein in their spending - so it might be worth chancing your arm to see whether you can knock a few pounds off the ticket price.

Sponsor Ads

• Ad Space Available - Rent it Now!

Report this Page

Created on Dec 31st 1969 18:00. Viewed 0 times.

Share on APSense

Comments