How to be safe and save on your first used car
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When you’re a student with little cash to spare, making expensive mistakes isn’t an option. With that in mind, buying your first used car can be an extremely daunting prospect. There are loads of helpful tips out there and whether you’re a first-timer or an experienced buyer, you will want to make sure that you’re buying a safe car that’s also good value for money.
Don’t rush!Take your time when choosing a car. Step back and have a chat over coffee with a friend or family member and they might start asking questions that you hadn’t thought of. This can help you to make up your mind about whether or not to go ahead with the purchase, or it could encourage you to request a second viewing and double check the issues you’d forgotten about the first time around.
Image by Taylor Bailey used under CC licenseDealers and private sellers are also likely to get back in touch if you walk away, and often they’ll come to you with a better deal. So taking your time can not only save you money, but it can also prevent you from buying a car that you’re not 100% sure about.
Think smallInsurance is a huge expense, especially for new drivers. So ignore the bigger options and, instead, hunt down small cars with small engines, as they’re the cheapest to insure. If you’re a new driver, you should also consider a black box insurance policy. A little black box that’s fitted to the dashboard of your car will determine how safely you drive, and depending on the readings, you could save money on your insurance.
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Image by Paul Hayday used under CC licenseRunning costs should also be a consideration. A bigger car is likely to need filling up more often, and spending half of your student loan on petrol isn’t particularly fun. After all, there’s no point scraping together the money to buy an expensive car with a big engine if you won’t be able to afford to run or insure it!