Buying A Car Money Saving Expert < 2025 >

: Cars are assigned an insurance group numbered 1 to 50. Group 1 is the cheapest to insure, while Group 50 is the most expensive. Check a car's group rating before buying so you don't get hit with massive premium shock.

: Buy a car toward the end of March, June, September, or December. Dealers are scrambling to meet quarterly sales targets and are highly motivated to give you a discount to get bonuses. 🔍 Step 5: Run the Numbers on Hidden Extras Dealers make huge margins upselling useless extras.

: Small engines burn less fuel for city driving. However, if you regularly drive at high speeds on motorways, a slightly larger engine is actually more efficient because it does not have to work as hard. buying a car money saving expert

A brand-new car loses roughly 40% to 50% of its value within the first three years.

: State your firm offer and shut up. Salespeople use silence to make you nervous so you agree to a higher price; turn the tactic back on them. : Cars are assigned an insurance group numbered 1 to 50

: Road tax is non-transferable. You must buy it immediately when taking ownership of the vehicle. Try to buy at the start of a month, as purchasing on the 28th still forces you to pay the full tax rate for that entire month.

: If purchasing from a dealership, pay at least a small portion (even a penny) on a credit card. Under UK consumer laws like Section 75, this forces the credit card company to share liability with the dealer if the car turns out to be a lemon or if the business goes bust. : Buy a car toward the end of

: Dealerships rarely offer the best APR. Secure quotes for independent personal bank loans before you set foot on the forecourt to see if you can beat the dealer’s Hire Purchase (HP) or Personal Contract Purchase (PCP) interest rates.