Back to News Car insurance is a legal requirement for all drivers

As 2012 dawns, motorists across the country will be looking for a new car to welcome in the New Year. With a wide selection available, finding the best vehicle can be difficult – so what should you look for when buying a New Year car?

Consider the initial price and your budget

Set a clear budget and remember to consider depreciation values when making your purchase. New cars can depreciate very quickly and so it is important that you think of your purchase as an investment rather than a one-off expense.

Buying a pre-registered vehicle can sometimes be a better investment and The Guardian claims that they can be as much as 20% cheaper than a brand new model, whilst still having mileage of as low as 20 miles. Starting the New Year with a savvy saving like this is a great way to make sure you get a top of the range vehicle without leaving your finances beyond repair.

Compare features against your requirements

Make a list of your requirements to make sure you select a suitable model. Always ask yourself questions about how much storage space you require and what features you want before looking at prospective vehicles. Then compare your list of requirements with what is on offer and make sure you make the best decision.

Security features should be considered alongside other aspects, such as entertainment and you should always check the condition of the vehicle regardless of whether you are buying it new or second-hand. Always make sure you check the documentation and don’t commit to a purchase unless you are entirely happy with what you are being offered.

Calculate the additional costs

All car purchases will come with additional costs and these always need to be considered before committing to a purchase. Car insurance is a legal requirement for all drivers and the cost will vary between policies and makes of vehicle. Always obtain insurance quotes prior to purchase to ensure you are prepared for the full cost of the car.

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