How To Buy Your Next Car
by ANDREW REGAN
We all know what it��s like to realise that our current car is on its way out. Having an unreliable car is sometimes worse than not having one at all, so it��s worth thinking about what you would do if your existing car finally gave up and the time came to buy another one.
While most of us would love to buy a new car, it��s an expensive purchase and with so many other drains on our income, not everyone can warrant it. Fortunately there are plenty of used cars around which would be perfect for your needs �C and plenty of ways to pay for them as well.
Firstly there is the option of a cash payment, although for many people this simply isn��t possible, especially if your car suddenly breaks down irretrievably and you need a replacement in a hurry. If you are thinking about changing cars at some point soon though, it can be a good idea to start saving some cash towards it.
Vehicle finance is a better option since you can get it arranged and agreed very quickly if you need to. You��ll need to think about the type of car you want to buy and how much you can afford in monthly payments, so it��s worth taking a good look at your income and outgoings to see what is left over each month.
You also need to think about whether you will be using the vehicle for business or personal use, as this can affect the kind of finance agreement you will be able to get. If you want it for business use, then you could consider leasing a vehicle instead of actually buying one. But for general personal use, getting a good finance deal is one of the best ways to get a replacement car quickly, knowing that it��s yours to keep so long as you keep up with the regular payments.
Another point to think about is whether your finance will be secured or not. Some companies offer to secure the loan on the car itself, which is the best option to go for since it will only be the car you will forfeit if you did fall behind with payments, rather than anything else. This is why it��s important not to overstretch yourself and be tempted to buy a car where the payments are going to be tough to meet.
That��s why it��s often best to buy a used car rather than a new one, since you will get a much better value for money deal. The value of any car falls considerably during the first few years, so by getting a used vehicle with a good finance deal you will have found one of the best routes to getting a better and more reliable vehicle.
