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What Is The Best Way to Purchase a Car?

When looking to buy a vehicle, you may have found yourself asking “what is the best way to purchase a car?” With a few options available when you are looking to purchase a car, this can often cause confusion as to which option is best suited for you and understandably - this can make the exciting process of finding your next car frustrating. We have therefore compiled this guide to discuss all of the options that are available when looking to purchase a car and to help you by discussing all of the benefits of each option that is available.

 

If you are looking for a way to purchase a used car or are looking for used cars in Weston then look no further. We have many years of experience offering a wide range of used cars from many different manufacturers and providing many models for our customers. You can get in touch using an online contact form on our website or by telephoning our team now.

What Payment Options Are Available?

 

When looking to purchase your first or next car, one of the first aspects that you will need to think about is your budget. This can be a huge deciding factor as to which vehicle you decide to purchase so being unable to agree a budget can make it seem as if you are getting nowhere when purchasing a new or used car. There are three main approaches when looking to purchase a car and each has its own benefits and considerations to make:

 

  • Purchasing a vehicle outright allows you to own it and part-exchange that vehicle for another should you decide to make the change. If you have the capital available and are not so worried about depreciation - this is a great choice for those who want to control and own their vehicle outright.

  • Financing a vehicle is a great way to own a vehicle and pay for your vehicle in manageable monthly repayments. This is great for those who want to drive a better car on a lower upfront budget as you are able to pay in manageable amounts each month. You will have to pay interest if you wish to change your agreement and over the term but this is ideally suited for many budgets.

 

  • Leasing a new vehicle allows you to drive a new car every couple of years. You don’t need to worry about MOTs (as leasing contracts typically last for 3 years) and as the car is brand new - you shouldn’t run into many issues with the vehicle. With contracts to hand the car back after the lease is completed or with the option to purchase the car after the contract expires - this is a great option for those who like new cars and want to pay for their car in manageable monthly repayments.

 

The Process of Deciding Your Budget

There are benefits and considerations that you need to take with all of the 3 different payment options when buying a new or used car. Arguably, however, your budget is one of the biggest factors that can help you choose which car is best for your needs and requirements. Although your budget may seem to need to encompass the initial payments for your car, there are actually other costs that you need to consider when purchasing your first or next car:

 

  • Your budget doesn’t just include your upfront or monthly payments for buying a car. Start by considering how much money you will need should something go wrong. Leasing a new car may eliminate these costs as no MOT will be needed for the first 3 years from registration and new cars are likely to be more reliable.

  • If you usually travel a long distance regularly then you need to consider that your car will be more at risk to wear and tear as well as fuel costs. This needs to be included in your budget.

  • Insurance? Road Tax? These are additional costs but also need to be factored into your overall budget to ensure that you are not caught out by additional costs later down the line. These costs need to be combined with monthly costs as well as outright payments for a car. 



Once you have decided your overall budget and the costs that you can and are willing to pay, it’s time to consider which payment option is best suited for you as well as which option is realistic to your wants and needs. Your budget is likely the most important first step when looking for your first or next car but now it’s time to think about the purchase option that you are going to go with.

There Are a Range of Options Included Within Each Payment Option

The great news is that there are a lot of different options included within the different payment options so you aren’t just pigeonholed into 3 choices when purchasing your car. For example, there are loans available as well as finance options and we offer the SEAT Approved Used Car Scheme. There are many options available to suit you as well as that suit your budget and to ensure that you can purchase the car that you want and that suits you to the letter. 

 

When purchasing a car outright - you have other options available as well as purchasing a car outright such as part exchanging your current vehicle to go towards the next car that you want. We offer a vehicle valuation service for our clients in Bristol and the surrounding areas which can help if you are looking to arrange for a part exchange.

Choosing Your First or Next Used or New Car

When you have determined your budget and your requirements - it’s time to decide on which payment option best suits you. Although a certain method may suit you, these are generally the best payment methods for new or used cars:

 

  • Upfront payments are great for both new and used cars. Motorists often purchase used cars so that they can be used to purchase the next car that suits them. Upfront payments can be used for new cars however if you are concerned about depreciation - leasing may be a better option for you.

  • Finance options are ideally suited for those who want a new or used car and can be used for both. This is generally a better option if you are not looking to change your car in the near future.

  • You are able to arrange for a car lease if you have a full UK Driving License & are able to pass a credit check. If you know how much you are going to drive per year and want to drive a new car every couple of years - leasing is the best choice for you.

 

It’s important to take the stress out of buying your next or first car as it should be an exciting process! Understanding your budget as well as the options to obtain your vehicle will make the process less stressful and will help you to find your dream car!

 

If you are looking for a way to purchase a used car or are looking for used cars in Weston then look no further. We have many years of experience offering a wide range of used cars from many different manufacturers and providing many models for our customers. You can get in touch using an online contact form on our website or by telephoning our team now.

Purchasing a New or Used Car