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Monday, March 21, 2011

Buying your first car?

The most important thing when buying your first car  is to set a budget as cost is usually the most influential factor that will determine your choice of car.

The second most important thing is to thoroughly research and shop around for the best deal - this will be time consuming but it will be worth it.

Who should you buy from?

- Motor traders

- Private sellers

- Internet sellers

- Auction sellers, including Internet Auctions

Each option has their advantages and disadvantages and as a result it is important to study each option and compare them to one another.

For example motor traders are more expensive but you will benefit from their expertise, their after sale services and better protection rights.

On the other hand, private-buying off the internet will in most cases be cheaper but the unknown status of the seller (to a certain degree) carries some risks.

Research is needed to weigh up all the options.

Paying for the car?

- Cash

- Hire purchase

- Conditional sale

-  Personal loan

- Secured loan

- Personal contract plan

- Leasing

- Interest free finance

Again, each option has their own pros and cons so take your time and shop around for the most suitable deal for you.

What to check before you sign the dotted line...

Before signing the agreement to your new car we recommended you carry out the following checks - some are obvious and some are not but they are the most important.

The obvious checks range from; ensuring that the general condition of the car, from top to bottom and front to back, reflects the age and the asking price of the car - this includes the tyres (pressure and tread).

A common error for most drivers is not paying enough attention to the paperwork, which needs examining to ensure all legitimacy;

- MOT certificates (current and past)
- The ‘vehicle registration document' which contains very important information about the car, for example the V5C and VIN numbers
- Documents of the cars full service history
- The actual car contract, ensuring there are no sneaky terms and conditions

The mileage total is an important number when it comes to deciding on a car's asking price.

It is vital to study the mileage clock and inspect for any possible tampering.
Compare the mileage total with the total on the MOT certificates to make sure it hasn't ‘accidently' been reduced by a thousand, or two.

It is also strongly recommended that you get the car checked out by any independent auto engineer who will give you the satisfaction that the car is up to standards.

The most essential thing to do before you sign the agreement is to take the car out on a  test drive – images, text and appearance can all tell you one thing but the only way you can know if a car's for you is by getting behind the wheel.


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