New Car Buying Tips

How do you get the best deal?

By James Cripps

Never before has there been so many options when buying a new car. In addition to the traditional dealer there are now car supermarkets, importers, and the internet - the list goes on... Whilst not all the options suit everyone, the GREAT news is there are now more and more sellers competing for your hard-earned cash - which means YOU can make some serious savings on your brand new pride and joy!

So what are the options?

The Authorised Dealer
Dealers are much more competitive these days but don't forget to haggle - make sure you research prices thoroughly before you start.

Importers
Thousands of pounds can be saved by importing directly from the continent. Whether via an established broker, or doing it yourself, with a little care and effort a real bargain could be yours.

Car Supermarkets
Are a trouble-free way to get your hands on a right-hand drive import - without the wait. However car supermarkets usually only offer the most popular models.

Internet
As with all products sold over the internet, there is a discount to be had where the seller doesn't need to show you around the showroom. However the same common-sense rules apply - only buy from brands you trust.

Hints and Tips

• Always check the small print. Special offers can often represent fantastic savings. However, remember 0% finance may be limited to the first 2 or 3 years. After this time you will need to repay the lump sum.

• Free insurance is an attractive offer, but be wary of minimum age restrictions. Make sure you can afford the premium when the deal runs out.

• Some price incentives are there to drive sales on models that are about to be replaced. This may represent good value - but be mindful of the resultant depreciation.

• Don't be pressured by salesmen, and don't buy on impulse!

Your 10 Point Checklist

1.Choose the right car. Both for your wallet and your lifestyle. Don't be pressured by salesmen and don't buy on impulse.

2.Budget. Be honest with yourself and calculate carefully your finance repayments, insurance and running costs.

3.Research. Check out prices between dealers, on the internet and in car magazines.

4.Depreciation. It's worth thinking about how long you will have the car, how many miles you will do and what the car will be worth in the future.

5.Test Drive. Test drive at least three different cars. Drive them on local roads and motorways to assess the car properly.

6.Insurance. This is an increasingly expensive cost for motorists - get as many quotes as possible.

7.Maintenance. Check the service intervals. Cars with longer service intervals are likely to work out cheaper overall.

8.Your current car. If you are trading in your car, then make sure it's clean and tidy to maximize the price. Also consider a private sale.

9.Extras. Be careful as these can be costly. The worthwhile add-ons are air-conditioning, automatic transmission, leather, metallic paint and ABS brakes.

10.The Deal. Set your price and be prepared to walk away if you don't get the price you want. Remember to keep it friendly as you are more likely to get a better deal from a happy salesman!