Buying a new car is a big decision and there are many reasons why you may have decided that the time is right for a new car – it might be that your circumstances have changed and your old car is no longer suitable, or you may have found that your old car is giving up and needs to be replaced. When it comes to getting a new car, there are lots of things that you can do.
If you want a brand-new car, then you might visit a car showroom and have a look at various models. For most people, this means going down the PCP route, which is a type of finance – a loan in effect – that enables you to buy the car (brand new cars aren’t cheap and most people don’t have that sort of money lying around in wait!). Another way that some people finance this sort of purchase is to get a loan from their own bank and repay that instead. It is worth looking into the pros and cons of having a brand new car, as well as the finance options that are available to you to see what is best for your circumstances.
Second hand cars are much cheaper, so many people tend to go for a second hand one. If you want a cheap run-around, or it is your first car, second hand is a good option, however, you will potentially have more issues to deal with when you buy a car that has been used, and may have to spend money on replacing parts and on the maintenance of it.
It is best to buy second hand from a dealership, as a private sale, though cheaper, can be a bit of a minefield, and it is only if you have a good knowledge of cars and what you are looking for that you should go down this route.
Another option is leasing a car – a company like this car leasing Cheltenham based company will be able to give you a car that is on loan – so like renting a house, you pay an agreed monthly fee for it. At the end of the lease period, you will have the option to change it for something else. This is a good way to try out a car without the commitment of buying it.