Buying an Eco Car
Buying a car can be a daunting project. However, if you break the task down into core components and educate yourself, it need not be an overwhelming experience. Thanks to the internet, it has never been easier to shop around or to learn everything you need to know about choosing a car.
Eco Cars with Long Warrantees
If you’re buying a new car, there is much less worry about the condition and reliability of the car. Auto manufacturers today offer standard warrantees ranging up to seven years or even a lifetime, meaning you have recourse to the manufacturer should any major problems crop up. You may be able to extend the warrantee further for a small fee. Buying Eco Cars is becoming increasingly easier.
Buying a Reliable Eco Car
Unlike the situation just a few years ago, almost every new car available in the UK today enjoys solid engineering and manufacturing quality. It is hard to find a car that is outright bad. On the other hand, some carmakers continue to enjoy particularly notable reliability records.
Financing the Purchase of an Eco Car
The primary concerns when buying an Eco Car are finding the vehicle that meets your needs and budget, and deciding how to finance the purchase. If you need to arrange a lease or HP (hire-purchase) contract, you will also want to learn the ins and outs of financing.
Read all Paperwork
Always read all paperwork carefully and be wary of spending more on a car simply because the monthly payments seem so affordable. The total cost of ownership can end up much higher than you thought.
Another major consideration when buying new is the expected level of depreciation. Many people fail to take depreciation into consideration when calculating the overall cost of buying and running a car. Remember: when you finally sell your car, the difference between what you paid and what you get selling it is money coming directly out of your pocket.
Daily Running Costs
Other variables that can affect the daily cost of your new car include insurance, tax and fuel. Sexy, high-performance cars can be remarkably cheap to buy and very exciting to drive. However, don’t forget that many of these cars are being sold cheaply precisely because of the financial headaches associated with running them. They may also have suffered from hard use, especially (but not only) if they’re used.
Choose Carefully by Researching Well
For buyers looking at used cars, another major variable enters the equation: reliability. It is vitally important to avoid ending up with a ‘lemon’.
There is plenty of information available online that details the typical weak points and problem areas of most cars. With just a little research, you should easily learn how to spot the warning signs and avoid wasting time and money on a dodgy used car.
When you think you have finally found the car you want to buy, it is well worth investing in a full engineer’s report. These don’t cost much and what you learn could prevent you from a buying disaster.
At the very least, the information in the report can help you negotiate a better price from the vendor. After all, who is going to argue with the findings of an independent expert? Many motoring organisations offer car inspections that include checks to ensure the car is not listed as stolen or an insurance write-off.
Consider Running Costs
You will also want to investigate the prospective cost to tax and insure any car you want to buy. What seems a great deal at first glance could turn out to be an expensive insurance proposition.