Walking through the steps to buying your first car
Deciding on your budget
Before stepping onto a forecourt or browsing online, get clear on your budget. Decide how much you can afford upfront, and if you’re considering a loan or finance option, calculate what’s realistic for your monthly payments.
Factor in additional costs like fuel, road tax, MOTs and maintenance. Remember, it’s not just the car’s price tag you need to consider but the ongoing expenses as well. Potential repairs are important, too. You’ll pay a lot more for parts and tyres for some makes than others.
Understanding financing options
If you can’t pay for the car outright, financing may be an option. From personal loans to hire purchase (HP) or personal contract purchase (PCP), each comes with its pros and cons.
Hire purchase involves paying off the cost of the car in instalments, while PCP offers lower monthly payments but requires a larger payment at the end to own the vehicle. Take your time to understand the associated interest rates and terms. Always read the small print – some deals aren’t as good as they seem.
Choosing the make and model
Think carefully about what you need from your car. Is it for commuting, long trips or weekend outings? Hatchbacks like the Ford Fiesta or Volkswagen Polo are popular with first-time buyers for their reliability, low running costs and ease of handling.
If you’ll be covering lots of miles on the motorway, consider something a bit more robust. Cars with larger engines have the power needed to handle higher speeds and longer distances more comfortably.
Comparing cars
Once you’ve narrowed your choices, compare a few real-world options. Online platforms such as AutoTrader are great for this with listings from sellers all around the country.
Pay attention to mileage, service history and any noticeable damage. Don’t be swayed by extras and perks too much – focus on practicality and value for money. If you can test, drive your shortlisted cars to see how they feel on the road. You’ll learn a lot in just a few miles.
Sealing the deal
When you’ve chosen your car, it’s time to make the purchase. Don’t be afraid to ask for a discount or extras like a free service or warranty extension if you think they’re needed.
If buying used, ensure the vehicle’s paperwork is in order. MOT certificates, logbooks and any service history should all be checked. If everything feels right, sign the paperwork but don’t rush. A reputable seller won’t pressure you into anything.
Sorting insurance
Before driving off, you’ll need car insurance. First-time drivers often face higher premiums, so shop around for the best deals. Consider black box insurance if you’re a careful driver – this can help reduce costs.
Once insured, double-check you have your road tax sorted, and you’re good to go. Happy driving!
