Has your old car given up the ghost, or do you have a rental agreement drawing to a close soon? If you’re on the hunt for a replacement vehicle, here are some top tips to make finding a new family car more affordable. 

 

Used versus new

When you’re looking for a car for your family, there are two main options to choose from: new and used vehicles. New cars are more reliable, you can take advantage of opportunities to customize the vehicle and add extras and features, and brand new, sparkling vehicles look great, but there are downsides. Buying a new car may be more expensive than opting for a used car, and new vehicles lose value as soon as you drive off the forecourt. If you’re exploring different makes and models, it’s beneficial to compare prices and deals. If you have a specific model in mind, but you can’t afford a new car, search for a vehicle that is a couple of years old. This will make your dream car more accessible. 

 

Finance options

Consumers today have a diverse range of options when it comes to buying new and used cars or signing long-term rental contracts. While some people still prefer to pay for their vehicle outright, car finance has become increasingly popular in recent years. It is now possible to borrow money via lenders like New Roads Auto Loans and you can also spread the cost of getting a new car by signing up for monthly repayments. Before you take out a loan or sign up for a repayment scheme, make sure you can afford the vehicle in question. Check your account balances and ensure your budget will stretch far enough. It’s worth noting that you’ll need to factor in additional costs, for example, fuel, maintenance and insurance. Always take time to compare prices and deals from different dealerships, and check the small print and terms and conditions of finance agreements before you sign on the dotted line. 

 

Shopping around for auto insurance

Buying or hiring a car and keeping it on the road can be expensive. As well as paying to replace your vehicle, you’ll need to make sure that you have insurance. The Internet is a fantastic resource for consumers looking for the best insurance deals. You can use comparison sites to check policies and providers to find the best option for your new car. Enter the details, filter results based on your requirements and follow the links to insure your car. If you already have a policy for another vehicle, you may be able to save by adding your new car to the policy and sticking with the same provider. Always make sure you check out the latest deals when your contracts are due for renewal. Insurers often offer incentives for new customers. 

Are you looking for a new family car, or have you decided that it’s time to get a second vehicle? If you’re searching for a car and you don’t want to break the bank, there are several ways to save. Consider both new and used vehicles, explore finance options, compare prices and deals and shop around for the best offers on auto insurance.