Getting Your First Car

Making the decision to invest in your first car is indeed an exciting one but that said, you will want to make sure that you are making a good investment because there is no doubt that although you want to buy a new car, money is tight and therefore, you will want to take your time, do your research and make sure you are choosing the right care to suit your budget and your needs.

 

First things first

Of course, getting a car does not mean you can start driving the car the next day because you will first need to enroll yourself at a driving school where you can learn to drive and then apply for your license. While you are learning to drive would be a good time for you to start doing your research about the different cars that are available to you. The first thing to consider would be your budget. You will need to have some money in hand that you will be able to pay down as a deposit on the car and this should usually be a minimum of twenty percent of the cars total value and your monthly savings after you have paid off all of your bills and paid for your basic necessities should be no less than the balance payment divided by twenty four months.

Your driving lessons from Brighton should usually take about three to four months with the time that you are waiting for your license to get approved and this should give you more than enough of time to look at different options. If you were to make the mistake of paying a down payment less than twenty percent of the cars value and delay your installments for more than twenty four months, you will end up paying more for the car than the cars actual value which means you may not be able to get your money back when you want to resell the car one day.

You will also have to decide if you are choosing to buy a second hand car or a brand new car. Of course, a brand new car would always be advisable because it will give you better value for money and you will not have to pay for repairs however, it may not always be realistically possible to afford a brand new car. Make an effort to look for a smaller simpler car that you might be able to afford brand new over the alternative of a fancy car that is only affordable to you if you buy it second hand.