A new car is one of the most important purchases you need to make. Your car has to get you wherever you need to be, and it needs to not be too much of a drain on your finances. If you've set yourself a budget, you're likely wondering how you can make the most of the money you have available. If you want to get more car for your money, follow the tips below.
Buy Used
Buying a used car is obviously one of the best ways to make savings on your vehicle. As soon as a brand new car leaves the dealer's lot, it's suddenly worth less than it was a minute ago. Even if you buy a used car that's relatively new, you could still make some significant savings.
Choose a Car That Depreciates Slower
All cars depreciate in value, which means you'll always be selling for less than you bought it for. But some cars depreciate less than others do, and they're worth considering for your next purchase. For example, Minis, Audis, and Volkswagens hold their value well.
Negotiate When Purchasing
There's usually an opportunity for negotiating when you buy a new car. You can haggle the price or try to get some extra features thrown in. But to come out of it successfully, you have to be aware of some of the tricks a car dealer might try to play. They want to make a sale, but they also want you to spend more.
Lease Instead of Buying
If you want a better car for less, leasing could be the right option for you. You could save money on monthly payments, and you can easily swap your car for another one later on.
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