A car is a major investment. The make and model you choose can have a big impact on your finances, as well as on your experience behind the wheel. If you’re buying a car for the first time, then you might not know exactly what you’re looking for – which can make the decision even trickier.
Let’s run through a few worthwhile tips that will help you to narrow your options, and pick out a vehicle that’s right for you.
Setting your budget
There is no point in looking at cars you can’t afford. Make sure that you start, therefore, with an idea of what you have to spend. Your budget should take into account not only the up-front purchase price, but also ongoing costs associated with fuel, insurance, maintenance, tax, and clean-air charges. If the car is older than three years, then it will also need to undergo an annual MOT exam. Factor all of these things in, and you’ll avoid nasty surprises later on.
Choosing the right car
There are many different kinds of cars available, many of them suited to young drivers. You might have your eye on something speedy and good-looking. But performance cars tend to be expensive to insure, especially for young drivers. Look instead for something that’s practical, fuel-efficient, and cheap to insure. You might also look for features that appeal to you as a driver. If you’re not yet confident with reverse parking, then you might look for a vehicle with rear-mounted cameras.
For most young drivers, models like the Ford Fiesta and Kia Picanto tend to appeal. They’re compact, affordable, and fun to drive.
Understanding insurance options
Insurance should be a major consideration for young drivers, and there are specific young driver insurance options that can cover you. Since younger drivers are statistically more likely to be involved in accidents, they tend to represent a greater risk for insurers. This risk translates to higher premiums.
Telematics (or ‘black box’) insurance allows you to offer some reassurance to your insurer. It works via a special device, which records your speed and driving behaviour, and reports it back to the insurer. In exchange, you’ll enjoy cheaper premiums. Most young driver insurance products are based around this technology.
Conducting vehicle checks
You’ll want to check the vehicle you’re agreeing to buy before you part with any money. This goes especially if you’re buying second-hand. Look through the service history, and perform an inspection of the exterior and interior. Then test drive. Make sure that there are no unusual smells or sounds, and that the vehicle handles well. If you get a bad vibe from the car, then don’t hesitate to walk away.
You can have a car professionally inspected before you agree to purchase, for maximum peace of mind. You’ll also want to check the vehicle’s MOT history, which can be done via the government’s website.