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Posts Tagged ‘advice on buying cars’

Car Data Checks a must for used car purchase

Wednesday, September 29th, 2010

Most cars purchased in the UK are second hand and many of these are bought privately. It is always a good idea to complete as many checks as possible on the details of the car. Never arrange to meet the seller anywhere but his home address and certainly not in a car park. Motoring organisations such as the AA offer several services that any purchaser of a second hand vehicle should consider using.

It is a fact that around 30% of used cars sold have some sort of hidden history. This can range from the car being stolen (over 150,000 vehicles are taken without consent every year in the UK) to having the mileage altered.

A Car Data Check (CDC) can cost around £20 for one vehicle with many organisations offering a cheaper rate for multiple checks. Judging by the results, it could well be money well spent. Amazingly, 4% of cars checked turn out to be one of the 600,000 vehicles written off by insurance firms every year. A massive 25% reveal the car has finance on it and 20% have had a number plate change at some time in their lives. The CDC will also ensure the vehicle has the correct Vehicle Identification Number.

Once the car has passed the Car Data Check it is worth spending a little more on a vehicle inspection. A comprehensive inspection will give the potential purchaser a check on many key elements of the car. The interior, including all visual electrical and mechanical equipment, plus the body and paintwork on the exterior of the car, will all be checked detailing any previous accident or damage. A robust 10 mile road assessment is carried out, and at the end of the inspection the purchaser is given a verbal and written report.

This may sound over the top for the purchase of a second hand car, but many vehicles change hands for well over £10,000, a figure that usually represents the second biggest purchase of their lives. Spending an extra £100 or less to achieve at least an element of peace of mind represents good value on a big investment. Of course once all the checks are done and the purchase is agreed, the buyer must get a motor insurance quote on the vehicle before proceeding.

Tags: Advice, advice on buying cars, Car Insurance, Motor insurance, Used Cars
Posted in Advice, Buying used cars, Car Insurance, Cheap Car Insurance, selling a car | No Comments »

Buying a new car

Thursday, August 26th, 2010

Many motorists, especially private motorists, very rarely get the chance to own a brand new car. The vast majority of new car sales go to fleet and company car business but with the new registration plates out in September there will certainly be lots of private motorists planning to purchase a brand new car.

Deciding on exactly what to purchase is something that takes a great deal of thought and doing some background homework will not go amiss. Consider what exactly is the main requirement of the new car. In this era of green technology, there is great emphasis on vehicles that have low emissions and give greater mpg performance than cars just 10 years ago.

Think then, is one of the main priorities for your new car that it is environmentally friendly? Low emissions are definitely environmentally friendly but often mean a drop in performance in a motor. The difference fuel cost wise, on a new green vehicle that achieves a saving of 10mpg on 12,000 miles a year works out around £500, or £10 a week. This is quite a considerable saving and for many will justify losing a bit of “oomph” in performance. But there are other factors to consider.

Depreciation on a new car is a matter of great concern to new vehicle buyers. Although at the very top end of the market new cars will hold their prices very well because of the rarity and luxury, further down the scale there can be a big difference in car values a couple of years old.

Buying a Ford model, which is a very popular thing to do, will never get you noticed on the road, it also means depreciation values are quite high, simply because there are so many on the market. Although not the worst by any means you should be prepared to accept the loss in value. Buying a cheaper car from Asia will probably mean depreciation is higher and conversely buying a car with German engineering will mean considerably less depreciation. There are of course differences in the price one pays at the outset.

Other factors come in to play as well. The look of the car is paramount to many people, the safety features must be taken into consideration also. Always check which insurance group the car is in, this can make a massive difference in your motor insurance quote.

Tags: advice on buying cars, Car Insurance
Posted in Car Insurance | No Comments »

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