Buying a New Car in the New Year

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Choosing your First Car

There are many different choices available on the market for new drivers who have recently passed, so many that it becomes incredibly difficult to even decide. In this blog, we’ll give you tips on finding the perfect car, and helping you narrow down on the factors that matter the most to you.

Cost of Your First Car

The most important factor to a majority of people would the cost. The price of cars can range astoundingly from as cheap £200 to £100,000+. The main difference being used cars vs a brand new car. Cars straight from a showroom tend to lose value as soon as they leave. Typically these cars are valued at around 40% less than their original value after 3 years. By buying a used car, you’re letting someone else take that finical hit and offering the best value when you buy it a few years old.

Advantages of Buying a New Car

However, there are many benefits to buying a new car. For example, the assurance of the manufacturer’s warranty means that the cost of any faults which arise in the first few years are often completely covered. This could potentially be saving you £1000s. Furthermore, some car manufacturers will offer incentives to buy a new car, such as paying for your first year of insurance. For a newly qualified driver, this can be a massive deal, as insurance costs can be sky high, often at around of £2500. Although this can have a few catches, the main one being you must have been a qualified driver for at least a year. Therefore this could be out of the question if you’ve just recently passed your driving test.

Many people see buying a new car to be out of their reach, simply because of the high cost associated with them. On the contrary, car dealers often offer monthly low-cost payments, allowing you to slowly pay off the balance of the car. After an initial deposit, the monthly cost of some cars can be as low as £100, making it a relatively affordable option.

Buy a Fuel Type

Another factor that often influences people is the fuel; petrol, diesel, electric, or hybrid. All of these options are perfectly valid, but each has their advantages and disadvantages. Petrol is much cheaper than diesel and has fewer emissions. This makes it a more environmentally friendly option. Electric cars are relatively new technology and incur no fuel costs at all.  They can be charged up in your home for far cheaper than ordinary fuel. However, travelling long distances could require extra planning to ensure there are electric charging points along the way. Furthermore, charging an electric vehicle often takes more time in comparison to fueling up a regular car. They are also more expensive, sometimes up to £2000 to £4000 more than it’s petrol counterpart. The best of both worlds would be a hybrid vehicle, which uses both fuel and electric. Allowing you to save money on petrol costs whilst also being prepared for long journeys without too much stress.

Considering the Engine Size

It may seem tempting to assume larger engine sizes are better.  However, a large engine size has its downfalls. The first of which is fuel consumption. Larger engine size will have lower miles per gallon and therefore will cost significantly more in the long term. Insurance companies also tend to charge a great deal more for a car with higher engine size, as there is a greater risk of collision. This risk is increased dramatically within the 17-21 age group, therefore if you fall within this category, it may not be wise to buy a car with a 2L engine.

Breakdown Service

An additional thing to consider would also be buying roadside assistance, such as the AA or RAC. This greatly depends on whether you’re buying a used or new car. If used, the chance of breaking down whilst on a journey is far greater. Furthermore, many roadside assistance companies offer discounts to first-time joiners, meaning it’s relatively inexpensive to buy one of these policies. With a brand new car, it may not be needed, although could still be useful as modern cars have a vast system of electronics and computers which could fail, leading to the same predicament as a mechanical part failing on a journey.

In conclusion, there’s a vast number of factors to consider when buying your first car. The main factor being price, however, you should also keep in mind things such as; insurance, engine size, fuel and new vs used. Sufficient research should be done before deciding on a new car to ensure that its perfect for you.

Pass Plus Course

If you’re considering buying a car but have not driven since passing your driving test, you may wish to consider a few extra refresher driving lessons. Alternatively, you could consider doing a six-hour Pass-Plus course. The course will involve driving on motorways, dual carriageways, country lanes and city roads. Many insurance companies offer a discount to drivers who have compleated a Pass Plus course. The is also the option of visiting the DTC Driving Test Services Youtube Channel. 

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