The car you drive can make a significant difference to your motoring experience. But if you’re just setting out on your motoring career, it can be difficult to judge which features and options are worthwhile. This can make deciding on a first car feel a little bit overwhelming.
Let’s assess a few of the things you’ll need to consider before you make the purchase.
Determining Your Budget
First, you’ll want to determine how much money you have to spend. This figure should factor in not just the up-front cost of the vehicle, but also the ongoing costs associated with insurance, maintenance, depreciation and fuel economy. It might be that you need to spend a little extra upfront in order to save in the long run.
Evaluating Different Car Types and Features
While you’re assessing your options, you might come across various terms used to describe cars of different shapes and sizes. As a new motorist, you might be considering hatchbacks (which come with a vertical hatch-like opening to the boot space), as well as compact cars. Smaller vehicles tend to be more fuel-efficient, and cheaper to insure.
It’s worth considering the reliability of the brand you’re buying into. You can gauge this with the help of consumer surveys.
Checking for Quality in a Used Car
If you’re buying used, then you’ll need to assess the vehicle before committing to the purchase. Make sure that you inspect it in person, and that you take it for a test drive. You might look at the odometer, and check that the figure there matches with those in the vehicle log book. You can check the DVLA’s website for vehicle information, using the car’s registration plate.
Benefits of Buying Used for Your First Car
Why might a new motorist prefer used cars to brand-new ones? The most obvious factor here is price. Used cars are cheaper than new ones, and thus you can get much more value for money. You might also be able to choose from a more varied selection of cars. It might be that you know someone who might be looking to sell in the future, which would allow you to avoid the cost of going through a dealership.
Finally, there’s depreciation. The value of a new car will decline rapidly during the first few months and years of its life. In the case of used cars, this decline is nowhere near as acute.
Buying your first car is a big milestone, and the process can feel overwhelming. With so many options on the market, it’s important to find a vehicle that fits your needs, budget, and lifestyle. This guide will help you navigate the essential factors to consider when purchasing your first car.
1. Determine Your Budget
Before you start shopping, decide how much you can afford to spend. Consider the following:
- Upfront Costs: Include the car’s purchase price, taxes, and registration fees.
- Ongoing Costs: Account for insurance, fuel, maintenance, and repairs.
- Financing: If you’re taking out a loan, determine what monthly payment fits your budget.
Remember, it’s wise to leave room in your budget for unexpected expenses.
2. Identify Your Needs
Think about how you’ll use your car to narrow down the type of vehicle that’s best for you. Ask yourself:
- How many passengers will I typically transport?
- Do I need a lot of cargo space?
- Will I be driving mostly in the city or on highways?
- Is fuel efficiency a priority?
- Do I need features like all-wheel drive for certain weather conditions?
3. Choose Between New, Used, or Certified Pre-Owned
Each option has its pros and cons:
- New Cars: Offer the latest features and warranties but are more expensive.
- Used Cars: Are more affordable but may have higher maintenance costs and no warranty.
- Certified Pre-Owned (CPO): Provide a middle ground, offering inspected and warrantied used cars.
4. Research Makes and Models
Once you’ve identified your needs, research cars that match your criteria. Look for:
- Reliability: Check reviews and ratings to see which models have good track records.
- Safety Features: Prioritize vehicles with high safety ratings and modern safety technology.
- Resale Value: Some brands and models hold their value better over time.
