The best way to buy a car is dependent on your preference, your personal circumstances and on your desired vehicle. For instance, if you have the necessary savings and have identified a particular good value used car deal, buying a car outright privately might suit you well. Whereas if you are looking for a brand-new car and can commit to monthly repayments over an agreed period of time, buying a new car from a main dealer might be better.
Once you’ve researched and decided on the type of car you want to buy and have understood your affordability, you need to compare the options of how and where to buy a car. There are several common ways to buy a car, all of which have their pros and cons. Because of this, the best way to buy a car is dependent on your preference, your personal circumstances and on your desired vehicle.
The most common ways and places to buy a car are:
Let us take you through the various options to help determine the right method for you.
Buying a car privately from a private seller is a popular method of buying a car and could save you money in comparison to buying from a dealer or garage. If you’re looking for a car which is a popular make and model, you can often find lots of choice in the private seller market, allowing you to find a car with the right finish, mileage and history.
Buying privately can sometimes feel daunting as you are dealing directly with the car owner, without the added protections of a garage – particularly where warranties and breakdown cover are factors. Hence, there are some key tips and advice you should consider before buying a car privately.
Buying a used car from a dealer or garage is very common. There are often bargains to be had and with an added layer of consumer protection, buying confidence increases. Buying a car in this way can range from buying from a main manufacturer dealer who stock used cars, to small garages or independent driveway sellers with much smaller amounts of stock.
Buying a car at auction can be a great way to find a good deal, though it can also be risky as you probably won’t have the same legal protection that you have if you buy through a trader. You will also likely only have a limited window to view the vehicles up close, and you’re unlikely to have the opportunity to test drive.
Buying a new car is a popular choice for many people, as you have the excitement of the car being brand new and built to your own specifications. There is of course a cost to this, but providing the car is affordable, it can be a desirable choice. If you are looking to buy a new car, there are a number of options such as buying directly from a dealer, using a broker or using a car finance company.
If you are thinking of buying a car on finance, Moneybarn are bad credit vehicle finance specialists who might be able to help. Use our car finance calculator or apply online today to see if we can help you get car finance.
Representative example: £10,030 repayable over 57 months. 56 monthly payments of £322.77. Representative 31.9% APR. Total amount payable is £18,075.12. Subject to affordability and you could risk losing your vehicle if you do not keep up payments.