4 Tips for buying your dream car

 

If you’re looking to buy the car of your dreams but think you can’t afford it, don’t despair. By setting realistic savings goals and sticking to them, you may be able to get behind the wheel sooner than you think.

Have you reached the stage where you know you want the car of your dreams, but just don’t know if you can afford it?  It is a big decision, and it helps knowing the facts, and setting realistic goals!  Having all our ducks in a row can have you behind the wheel sooner than you think.  We have compiled some tips to help make your dream a reality!

 

The reality is, saving for a new car can take years, that is why most people opt for car finance, which these days is affordable, and an easy option.  Never-the-less you still need to budget to ensure you can afford the repayments.

Tip 1. Calculate your income and expenses

First off, you need to work out how much you can realistically afford to spend each month on a car repayment without blowing your budget. Make sure you consider things such as living expenses, bills, food and a bit extra for emergencies.

Every dream expenditure begins with knowing what you can afford, so create a budget if you don’t already have one.

 

Tip 2. Speak to an expert

Find an expert with experience in Car Finance and discuss your options. so easy to use to find out what you can afford to spend and what your repayments might be. Don’t forget to factor in insurance and maintenance costs. These won’t be included in your monthly repayments; you’ll have to come up with those funds too

Asking questions won’t do any harm. In fact the more you ask, the more you’ll learn.

It’s a good idea to have your finance lined up before looking for a car. It puts you in a better bargaining position because you know exactly how much money you have to play with.

 

Tip 3. Reduce unnecessary spending

It is amazing how the little luxuries add up!  Find ways you can cut back on the unnecessary spending and put that money towards your repayment. Always keep your bigger picture in mind.

 

Tip 4. Research car value

As you get further along with your new car buying plan, you can turn your attention to figuring out what a seller will expect you to pay for your dream car.

Compare prices on new and used cars. This way you focus your search for your dream cars knowing what you can afford, and second, if a dealer later quotes you a price that’s unrealistic, you