Buying a car is usually something that requires a fair amount of money. Of course, this can be problematic because it means that the make or model that you want may be out of your price range, and you will have to settle for something else. Luckily, there are some methods you can use to reduce the cost of buying a car. Read on to find out what they are below.

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Use finance

One way that you can save money when buying a car, or at least get more bang for your buck is to go with a finance offer on a new model. However many people think that buying a brand new car is actually quite a lot more expensive than getting a used one, but this isn’t always the case.

In fact, if you can find a vehicle that is on offer, and combine this with a reasonable interest rate for your fiance, you may well be able to get a brand new motor to drive off the forecourt for around the same price as someone else would pay for a used model.

Of course, you can save a fair bit in the long term when buying a new car, as they are less likely to break down or need extensive maintenance work, and they are often more fuel efficient too. Therefore it’s well worth checking the figures before you make your finance choice.

Buy used

Of course, if there are no finance offers on it may well be cheaper to go for a used model over a new one. It is, therefore, vital that you make sure that you know exactly what to look for when you examine and test drive the car. Then you can keep an eye out for any potential issues, and use this knowledge to knock money off the asking price if you do decide to go ahead with your purchase.

Motability Scheme

One of the best ways to own a brand new car is through the Motability scheme. You can join this scheme if you’re disabled and struggling to keep your mobility. Motability dealers don’t request for credit checks or give you lengthy forms to fill. You simply exchange your mobility allowance for leasing a car that is suitable for your needs. In return, all costs of running your vehicle, including insurance for up to three registered drivers, breakdown recovery, servicing, and maintenance are covered. All you have to do is fuel your new car.

Part exchange

Next, you can often get a substantial chunk of the cost of the car that you want to buy taken off by part, exchanging your current vehicle. In fact, used car retailers like the one at Georgesons Cars will even often you an accurate market value quotation for your current car. Something that means you will get the full amount that your old vehicle is worth taken off the new one you buy, and so can save you a significant amount of money.

Go for the basic model

Lastly, when it comes to saving money when buying a car having slightly less grand expectation can do you a lot of favours. In fact, if you go for the most basic model, without all the whistles and bows, you can often expect to pay around £1000 less, whether it’s brand new or a used model.  

Additionally, if you are buying a new car, remember that specific colours come as standard and will be held in stock at your local dealership. In fact, if you choose one of these car colours like white or red, you can avoid a hefty price hike for a more high end or custom tone. Something else that can save you a lot of money when buying a car.