So you’ve just passed your driving test, and you’re eager to enjoy your new-found independence and get on the road driving alone for the first time. But first, you’re probably thinking about what you should get for your first car, buying your first car is an exciting experience, but it can also be a daunting and challenging one. With so much to choose from, it can be overwhelming for first-time buyers and those with limited knowledge about cars. If you’re lucky enough to have a family member or friend that knows a bit about cars and can help you decide what to go for, you should take advantage of this help. You also have to decide whether to buy a new car or a second-hand used car.
Buying your first car
Buying your first car is a momentous occasion, finally gaining that independence you’ve always wanted. You want to look back on your first car and have fond memories, that’s why you must make the right decision.
There are a few things you will need to consider when buying your first car. Firstly, cost, this is arguably one of the most important factors when it comes to choosing your first car. You will also need to bear in mind additional costs that come with owning a vehicle such as insurance, road tax, MOT and fuel, not to mention the cost of replacing parts on the car such as tyres.
Once you’ve worked out your budget and are confident you can afford a car as well as the running and maintenance costs; it’s time to decide on your vehicle. Depending on whether you’re buying a new or used car, you will need to look in different places. If you’re buying a new car, you’ll be able to find local dealers online. If you’re going for a used car, you can also find used car dealers online such as autotrader.
New vs old – should I buy a new or used car?
Deciding between buying a new or used car can be a tricky decision, with many pros and cons to either choice. It’s become standard procedure when you pass your driving test to buy a used car, run around in it for 2-3 years and build up your no claims bonus then buy a newer car when you haven’t got any claims, you’re older and earning more money.
It depends on each individual and their circumstances as to whether they buy a new car on not. To try and make the decision a little easier for you, we’ve put together a list of the top pros and cons.
Buying a new car
Buying a new car is a luxury only some can afford, however, if you can afford to go new, there are many benefits to purchasing a new car.
The pros of buying a new car
- More to choose from
- New cars come with a warranty
- Require fewer repairs within the first years
- Finance options available
- Some new cars are safer
- New technology
The cons of buying a new car
- Lose money on the car from the first day of owning it
- New cars can cost considerably more than used cars
- Higher insurance premiums
Buying a used car
For new drivers especially, used cars are becoming increasingly popular. They tend to be more affordable and are a great option for a first car as the driver can get used to driving and build up their confidence before spending out on a more expensive car.
Pros of buying a used car
- Someone else takes the majority of the depreciation hit on the car
- Insurance rates may be lower on a used car
- More affordable options
- Build up confidence and practice before buying a more expensive car
Cons of buying a used car
- May not be as reliable as a new car
- Limited choice
- Safety factors
Making your decision
It’s ultimately up to you to decide what first car to get as only you know what you want, need and what you can afford. It’s important to do your research and take your time, you don’t want to rush your decision and end up regretting it. Bring someone with you that knows about cars and have them look over the car for you. If you don’t have anyone you can bring along, it might be a good idea to have a mechanic look at the vehicle before you buy it, especially if it is a used car.
