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Saving Money On Your Next Car

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When it comes to buying a new car, there is a lot that you need to think about. With so many different makes and models on the market and with the varying needs that you may have for your car, getting the right one to suit your life and at the right price might be a challenge. 

But by asking yourself the right questions and with the right research it will be possible to find the car that best suits you without breaking the bank. 

Here are some tips on saving money on your next car. 

Decide What You Want From Your Car

We all want something different from our cars. You may just want a little runaround that will get you from A to B without any hassle. Or, you might be looking for a commuter vehicle that will have the strength to last for hours on end running you up and down the country every day. 

Whether you are looking for a hybrid or electric model, or are large family car for you, your partner, and your five children, there are cars out there to suit all. 

Make a list of the requirements that you need, and use this to help you to work out which model will suit you best. 

Why Buy A Used Car?

If you are looking for affordable cars, used cars are the way to go. Often a new car will have lost a lot of its value very quickly. By buying a second-hand used car you will be able to enjoy a car that is not actually that old while saving a considerable sum of money. 

Of course, if you wanted to get something much older, you may be able to get something much cheaper. You will need to be aware though, that problems may start to emerge in this type of car. 

Shop For Insurance

Before you commit to buying a car, find out how much the insurance is likely to cost you. You may find that the car you are looking at buying is extortionate when it comes to insurance. 

Ideally, you will want fully comprehensive insurance that covers both you and the other car if you are at fault in a crash. This will mean that you are not saddled with the burden of buying yourself a replacement car if you write yours off. 

Check Out The Other Running Costs

Of course, buying the car and paying for insurance are not the only running costs that you need to worry about. Fuel consumption is another area that you should look into. Find out how the car you are interested in performs in terms of fuel costs

Think about how much things like replacement tires, brake pads, and other commonly needed spares will be. You will need to spend money on replacement parts for your car during its lifespan, it makes sense to make sure that you are not buying a car that costs the earth to maintain. 

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Emma Drew

Emma has spent over 15 years sharing her expertise in making and saving money, inspiring thousands to take control of their finances. After paying off £15,000 in credit card debt, she turned her side hustles into a full-time career in 2015. Her award-winning blog, recognized as the UK's best money-making blog for three years, has made her a trusted voice, with features on BBC TV, BBC radio, and more.

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