Monday, August 20, 2007

Before You Go Out To Search For A New Car

Research as much as possible before shopping. Read reviews from independent sources (don't just read the manufacturer's reviews – naturally, they make the cars sound the best buy car). Use the internet and find more information, especially from any forum who discuss about your desired car.

Take along pen, paper and a calculator.

Speak to friends, family, trusted mechanics. Try to find someone in your circle of friends and family who owns or has owned the vehicle you are looking at.

Consider whether you will buy all the options through the dealer. Although convenient, you may pay more than if you bought the parts after the purchase from an independent retailer. You will also save on stamp duty (remember though that many people value ‘genuine’ options more highly).

Decide whether you will trade-in your current used car or sell it privately. Accept that the wholesale price for your vehicle will be a lot lower than a potential private sale price. Log on to free car classifieds to know what your car is currently valued at in the market.

If you are trading in your car, concentrate on the changeover price as that is what an upgrade will ultimately cost you (be aware that the wholesale value of your car will always be way less than you think).