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The Best Way To Buy a New Car

The Best Way To Buy a New Car

Many people believe that trying to purchase a new car is hard to accomplish and seems like a distant dream. Well it could be a lot more possible than you think. There are many ways to achieve obtaining a new luxury car whether it’s through finance; leasing and used are the most viable options for many people but which way is the best.

Purchasing a car on finance seems to be the most popular decision at the moment. This allows customers to pay monthly instalments over an agreed period of time that not only allows them to manage the costs easily but they can then also tie down service costs and insurance within this package. A finance option also tends to be available with little deposit needed at the start. This allows customers to get a luxury car without the large starting fee and fewer costs will be carried out on manufacturing faults as the car will be under warranty. However, one of the major disadvantages with purchasing a car on finance is that the car within the first 2-3 years will decrease in value significantly by 25-40%. Another factor to bear in mind is that some dealerships have high interest rates on their finance options so check each individual offer.

One way to avoid the large depreciation cost is by purchasing a slightly used car; this allows customers to avoid the loss and can still have a relatively new car at a significantly decreased price. With some dealerships offering guarantees of 3-5 years any manufacturing faults can still be eligible for repair. Some dealerships like this Mercedes Benz dealership offer finance options on luxury used vehicles proving a better deal for the customer.

The final option highlighted is leasing, which has appealed to so many people recently as no deposit is needed at the start (only needs to be the first month’s payment, taxes, registration and security deposit plus a few extras). When you have reached the end of the leasing you can trade the vehicle in for a newer model and escape the burden of having to sell the car on. There are still some strict rules that come with leasing; no modifications can occur throughout the allotted time period nor any damage, an agreed mileage needs to be met and you will need to have maximum car insurance.

Whichever car you have already set in your mind it is vital to weight up all options available with interests varying between dealerships and certain offers available specifically to others. Nothing will beat the feeling of having a brand new set of keys in your hand rushing into a decision immediately can always prove to be costly.

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