Buying A New Car: A new car is second only to a home as the most expensive
purchase many consumers make. That?s why it?s important to know how to make a
smart deal. Think about what car model and options you want and how much you?re
willing to spend. Do some research. You?ll be less likely to feel pressured into
making a hasty or expensive decision at the showroom and more likely to get a
better deal.
Consider these suggestions:
Check publications at a library or bookshop, or on the Internet that discuss
new car features and prices. These may provide information on the dealer?s costs
for specific models and options.
Shop around to get the best possible price by comparing models and prices in
ads and at dealer showrooms. You also may want to contact car-buying services
and broker-buying services to make comparisons.
Plan to negotiate on price. Dealers may be willing to bargain on their profit
margin. Usually, this is the difference between the manufacturer?s suggested
retail price (MSRP) and the invoice price. Because the price is a factor in the
dealer?s calculations regardless of whether you pay cash or finance your car ?
and also affects your monthly payments ? negotiating the price can save you
money.
Consider ordering your new car if you don?t see what you want on the dealer?s
lot. This may involve a delay, but cars on the lot may have options you don?t
want ? and that can raise the price. However, dealers often want to sell their
current inventory quickly, so you may be able to negotiate a good deal if an
in-stock car meets your needs.
Trading in Your Old Car: Discuss the possibility of a trade-in only after
you?ve negotiated the best possible price for your new car and after you?ve
researched the value of your old car. Check the library for reference books or
magazines that can tell you how much it is worth. This information may help you
get a better price from the dealer. Though it may take longer to sell your car
yourself, you generally will get more money than if you trade it in.
Buying A Used Car: Before you start shopping for a used car, do some
homework. It may save you serious money. Consider driving habits, what the car
will be used for, and your budget. Research models, options, costs, repair
records, safety tests, and mileage through libraries, book stores, and web
sites.
Before you buy a used car whether from a dealer or an individual: Examine the
car using an inspection checklist. You can find checklists in magazines and
books and on Internet sites that deal with used cars; Test drive the car under
varied road conditions?on hills, highways, and in stop-and-go-traffic; Ask for
the car?s maintenance record from the owner, dealer, or repair shop; Hire a
mechanic to inspect the car. Paying for the car: Most people do not realise that
they have capital locked up in their property which could be used for buying
that special car of their dreams.
Release the capital tied up in your home with a home owner loan. The loan can
be used for any purpose, and is available to anyone who owns their home. Home
loans can be used for any purpose such as, new car, home improvements, pay of
store card or credit card debt and debt consolidation.
Home owner loans are available for practically any reason. One of the most
common types of home owner loans on offer are debt consolidation loans where the
objective is to reduce monthly outgoings to a more manageable amount. A UK Home
Owner Loan is great if you want to raise a large amount; are having problems
getting an unsecured loan; or have a poor credit history. Many lenders look more
favourably on people who are home owners as this demonstrates a commitment to
repay a large amount of money over a long period.
A UK Home Owner Loan is a cheap, low cost, loan secured on your UK home. It
frees up the equity in your home for you to use on whatever you want.
