There are few things more exciting than buying a car. We scrimp and save or seek out a great finance deal and start casting about for that special set of wheels; making sure our hearts don’t rule our heads, naturally. A sports car might be nice but your teenage kids won’t appreciate being shoe-horned into a ‘Plus 2’.
By now every potential car buyer know that, when buying a brand new car, it begins to lose value as soon as you drive it off the dealer forecourt. Naturally, in that first flush of buying, we don’t think about these things but, in time, when the novelty factor has worn off the question of residual value creeps in like an unpopular relative. So how much money does a car lose in the first year?
The short answer is that nobody really knows. There is no set depreciation percentage because certain vehicles retain their value better than others. Supply and demand controls this and value is thus subject to market forces. Those determined to push ahead anyway would do well to consider this depreciation though, especially folk who like to change their motors regularly.
So Why A Used Car
Motorists always want to save money when buying a car; that’s a given. We all like a good deal. This is understandable as buying a car is a significant purchase, possibly second only to buying a house, and one which that could have a major impact on finances in these uncertain times. Most motorists looking to save money should therefore opt for a good used car, as there can be a significant saving from buying new, especially as there is a huge amount of choice of high-quality vehicles available.
When deciding to go for a used car, it might be tempting to try a private seller as they may well offer a slightly lower price than dealerships. However, this can be risky because the car is essentially bought ‘as seen’ and there’s no consumer protection. Thus it simply makes sense to visit a reputable dealership as this provides protection and ensures that each car has undergone important checks. For example, here at eCars247 all our vehicles are AA inspected
. There is also the possibility of part-exchange
Finding The Right Car
Selecting the right car for the job is an important aspect to consider. Is it an all-round family car that’s needed or something prestige for business? Will the new vehicle have to do for work as well? The latest 4x4 crew-cab pick-ups these days are really quite sophisticated and children love riding in them.
Fortunately the days of locally searching the small ads are long gone and it’s a straightforward matter to find just the right car online, especially when the dealer is transparent about all aspect of the vehicles on sale. A good dealer's role should be to provide as much information and advice as possible to, in a sense, help people to buy rather than to sell to them.
Transparency and openness plus an easy to use, clearly stated website experience is a superb route to a quality used car
. All the stock at eCars247 are one owner, low mileage motors and we offer a one-stop shop for all your motoring needs.