Apart from the sometimes pushy salespeople, walking around a new car showroom is always a pretty awesome experience. For me, it’s a bit like being a child in a sweet shop, except that, in this case, you are an adult and the sweets are actually brand new cars!
You get to walk around and browse the different models on offer, but for me the best part is being able to sit in the driver’s seat of a brand new car, imagining what it would be like if you owned that car and you drove around in it. And although this sounds a bit weird, I really love the fact that you can immerse yourself in that unforgettable “new car smell”!
I must confess; I am a bit of a car geek, so if you aren’t into cars as well then you will probably think I am somewhat odd – but I digress. Today I want to talk to you about how you could get a new car for less
Want to know what it is? Well, it’s simple – just don’t buy a brand new car! Although it’s always nice driving away from a car dealership in a brand new car that only has delivery miles and no previous owners, the major problem with buying a brand new car isn’t so much the car itself, but it is down to the financial side of things.
What happens as soon as you drive away in that awesome brand new car is that your car starts to depreciate in value. Basically, car depreciation is the process whereby a car starts to lose its value over time, and with brand new cars, the results of many models can often shock many people, as they think it’s not something they have to worry about.
It is not uncommon for many mass-produced cars to lose several thousands of pounds in value within the first twelve months of ownership, regardless of whether it is a Vauxhall Corsa or a Porsche Cayenne!
Car dealers know this, so that’s why they try to entice customers to buy brand new cars by offering some attractive deals. Peugeot, for example, has a “just add fuel” package, where they offer finance and car insurance packaged together for a set period of time and you literally just have to pay for petrol or diesel separately.
Other dealers will usually offer 0% finance packages, for example, in order to “show” people that they can afford to buy that brand new car of their dreams. But the ugly truth is, you still pay for those extra costs through other ways, one of them being depreciation.
Did you know that even cars that are just six months old or twelve months old are also classed as used cars? If you are after a brand new car, those are the types of cars you should set your sights on, because they will be considerably cheaper than the brand new equivalents and for the most part they are probably just demonstrator cars with only a few hundred miles on the clock. You still benefit from the manufacturer’s new car warranty too, and they will still have that “new car smell” too!
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