Useful Tips on Buying a New or Used Car

Here are some useful tips on buying a new or usedyour car yourself, you generally will get more money
car:than if you trade it in.
Buying A New Car:Buying A Used Car:
A new car is second only to a home as the mostBefore you start shopping for a used car, do some
expensive purchase many consumers make. That'shomework. It may save you serious money. Consider
why it's important to know how to make a smartdriving habits, what the car will be used for, and your
deal. Think about what car model and options youbudget. Research models, options, costs, repair
want and how much you're willing to spend. Do somerecords, safety tests, and mileage through libraries,
research. You'll be less likely to feel pressured intobook stores, and web sites.
making a hasty or expensive decision at theBefore you buy a used car whether from a dealer or
showroom and more likely to get a better deal.an individual:
Consider these suggestions:Examine the car using an inspection checklist. You can
Check publications at a library or bookshop, or on thefind checklists in magazines and books and on
Internet that discuss new car features and prices.Internet sites that deal with used cars;
These may provide information on the dealer's costsTest drive the car under varied road conditions-on
for specific models and options.hills, highways, and in stop-and-go-traffic;
Shop around to get the best possible price byAsk for the car's maintenance record from the
comparing models and prices in ads and at dealerowner, dealer, or repair shop;
showrooms. You also may want to contactHire a mechanic to inspect the car.
car-buying services and broker-buying services toPaying for the car:
make comparisons.Most people do not realise that they have capital
Plan to negotiate on price. Dealers may be willing tolocked up in their property which could be used for
bargain on their profit margin. Usually, this is thebuying that special car of their dreams. Release the
difference between the manufacturer's suggestedcapital tied up in your home with a home owner loan.
retail price (MSRP) and the invoice price. Because theThe loan can be used for any purpose, and is
price is a factor in the dealer's calculations regardlessavailable to anyone who owns their home. Home
of whether you pay cash or finance your car - andloans can be used for any purpose such as, new car,
also affects your monthly payments - negotiating thehome improvements, pay of store card or credit
price can save you money.card debt and debt consolidation.
Consider ordering your new car if you don't see whatHome owner loans are available for practically any
you want on the dealer's lot. This may involve areason. One of the most common types of home
delay, but cars on the lot may have options youowner loans on offer are debt consolidation loans
don't want - and that can raise the price. However,where the objective is to reduce monthly outgoings
dealers often want to sell their current inventoryto a more manageable amount. A UK Home Owner
quickly, so you may be able to negotiate a good dealLoan is great if you want to raise a large amount; are
if an in-stock car meets your needs.having problems getting an unsecured loan; or have a
Trading in Your Old Car:poor credit history. Many lenders look more
Discuss the possibility of a trade-in only after you'vefavourably on people who are home owners as this
negotiated the best possible price for your new cardemonstrates a commitment to repay a large
and after you've researched the value of your oldamount of money over a long period.
car. Check the library for reference books orA UK Home Owner Loan is a cheap, low cost, loan
magazines that can tell you how much it is worth.secured on your UK home. It frees up the equity in
This information may help you get a better priceyour home for you to use on whatever you want.
from the dealer. Though it may take longer to sell