It’s common knowledge that once you drive your new car off the forecourt its value can depreciate significantly, so if you really want the thrill of owning a brand spanking new vehicle, it makes sense to ensure that you get the very best deal in the first place. Here are my tips for bagging a bargain.Choose the right time
This is not a straightforward matter and there are a number of factors to consider. To start with, what kind of vehicle are you after? Convertibles are most popular in the summer and therefore you’re more likely to get a bargain in the winter, with four wheeled vehicles the opposite is true. If you catch a dealer when they are trying to meet their sales targets then you are in a good position to secure a bargain, but when is that? If you leave it too close to the end of a quarter they might have already met their sales target. Avoid buying at weekends and end of the month paydays. Try several dealers and get a sense of who’s most willing to offer a discount.
Don’t buy a new model immediately
Wait until the excitement about a new model dies down and you’ll be able to negotiate a better price. You could also opt to buy the older model, it’s still a new car, the specs are probably pretty much the same and it will be significantly cheaper. Buying just before new plates come in will also enable you to pick up a new car at a discount price, because dealers will be keen to clear space for the new models. Be aware that although you’re still getting a new car, old plates will make it seem older and affect the price if you sell it in the future.
Insurance is part of the cost
Remember that you need insurance in place before you take charge of a new vehicle so don’t get swept away by excitement and accept the first insurance package you’re offered. There are considerable savings to be made if you do your research and have a look at a few car insurance quotes online.
Sell your old car
It’s much easier to part exchange and a skilful dealer will do their best to convince you that you’re getting a good price, but they won’t be able to give you what you would get for your old car if you sell it privately. This is a more timing consuming process, but there are a number of online marketplaces which make selling a car much easier.
Use a broker rather than a dealer
Car brokers claim that they can get you as much as £5000 off the list price of a new car. They are able to do this because they get manufacturer’s discounts for selling cars in volume and there is no sales commission. The car is usually pre-registered which technically makes you its second owner, so keep in mind that this will affect the value of the car in the future.
I hope you found these tips really useful.
And don’t forget to leave me a comment below if you have any others to share.