1 · Year old cars are MUCH cheaper than new cars Do your research . 4 Cheapest Cars to Run Smaller...

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Transcript of 1 · Year old cars are MUCH cheaper than new cars Do your research . 4 Cheapest Cars to Run Smaller...

Page 1: 1 · Year old cars are MUCH cheaper than new cars Do your research . 4 Cheapest Cars to Run Smaller engines can be cheaper Petrol cars tend to be cheaper than diesel Manual cars are

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www.worcester.ac.uk/moneyadvice

Page 2: 1 · Year old cars are MUCH cheaper than new cars Do your research . 4 Cheapest Cars to Run Smaller engines can be cheaper Petrol cars tend to be cheaper than diesel Manual cars are

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Contents

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Introduction

Year old cars are MUCH cheaper than new cars

Do your research

http://www.honestjohn.co.uk/
http://www.parkers.co.uk/
http://www.whatcar.com/
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Cheapest Cars to Run

Smaller engines can be cheaper

Petrol cars tend to be cheaper than diesel

Manual cars are cheaper than automatic

Hybrid cars are cheap to run, but cost more to buy

Check CO2 emissions, as it affects the road tax you pay

Smaller cars are cheaper to insure

http://www.thatcham.org/
http://www.moneysavingexpert.com/car-insurance/
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Finding the Right Car for You

You also need to think about what you personally need in a car:

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Car Budget

Insurance and Car Tax Rates

Additional Costs

Finance

http://www.gov.uk/calculate-vehicle-tax-rates
http://www.comparethemarket.com/
http://www.moneysupermarket.com/
http://www.confused.com/
http://www.honestjohn.co.uk/
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Car Budget Checklist

Have you factored the following costs

into your budget:

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Where to Buy a Used Car

Dealers – franchise and independents

Pros of buying through a dealer

Cons of buying through a dealer

Buying from a private seller

Pros of buying privately

Cons of buying privately

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Car auctions

- Live car auctions

Pros of live car auctions

Cons of live car auctions

- Online auctions

Pros of online auctions

Cons of online auctions

http://www.ebay.co.uk/motors
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Best Time to Buy a Used Car

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Safety Measures Viewing the car

Always check the car's history

Car purchases are NOT protected on eBay

Pay something toward the car on a credit card

https://hpicheck.com/
http://www.mycarcheck.com/
http://www.moneysavingexpert.com/shopping/section75-protect-your-purchases
http://www.moneysavingexpert.com/shopping/section75-protect-your-purchases
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Car Inspection

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Have you checked:

Car Inspection Checklist

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Test Drive

Test drive tips

What to look for?

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Test Drive Checklist

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Paperwork Logbook or V5C registration document

MOT

Service History

Garage Bills

Sales Contract

Finance Package

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Paperwork Checklist

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Negotiating a Price

Buying from a dealer

Buying privately

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Taking Ownership of Your New Car

Before you hand over any money

Car Insurance

What about tax?

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Ways to Legitimately Cut Your Car Insurance

Avoid modifying your car -

Tweak your excess -

Family and Friends can lower premiums -

Don’t overestimate your mileage -

http://www.comparethemarket.com/
http://www.moneysupermarket.com/
http://www.confused.com/
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Garages and Repairs

Choosing a garage

Things to remember

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Acknowledgements

Information in this guide was sourced from:

http://www.moneysavingexpert.com/
http://www.moneyadviceservice.org.uk/
http://www.theaa.com/
http://www.which.co.uk/
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http://www.worcester.ac.uk/moneyadvice

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