Buying your First Car

If you are a first time car buyer there is no doubt you are keen and excited about your new found driving abilities. Now you have the license to allow you free domain over driving without the need for an adult driver passenger telling you what to do. Even though are al excited and ready to go there is still the little problem of actually getting the car to drive in the first place and they can be very expensive.

If you are buying your first car there are a few things you need to remember before you sign away on the dotted line.




•Budget everything - Cars are not just the sale sticker price you see on the car window. Even if you get a good car for a price you can easily pay in cash there are still lots of other costs to take into account such as road tax, petrol, maintenance and insurance costs. These are all compulsory things. Not having insurance, paying tax or even completing regular MOT checks is illegal.
•Shop Around - Remember to shop around for the best finance deals and take a good look into their policies. If you have a good credit rating then that should make things much easier for you when applying for a loan but you may need to look into other loans such as a secured car finance loan or no credit check loan if you have a bad or non existent credit rating. These loans are easier to get but come with certain drawbacks so research them thoroughly.
•Check out the insurance policy details - Many first time buyers will just go for the cheapest car insurance out there which often means getting car insurance with the bare minimum of policy inclusions, high policy excesses and only Third Party cover. TP cover means if you get into an accident you won’t have to pay out for the other car if it’s your fault but you will be left to pick up the pieces of your own car if it is your fault or a 50/50 claim. Some companies will also charge below average premiums only to implement a high policy excess on your cover. That means when you get into an accident you may find that you are faced with an excess that is out of your price range, and many garages will not repair the vehicle until the excess is paid in full. You may even find that the repair costs of your vehicle are less than your excess so you still have to pay for all the repairs and if the accident was your fault, you will still get a claim on your record which increases your premiums.