HOW TO GET THE MOST MONEY WHEN TRADING IN YOUR CAR

Trading in your car seems like a no-brainer when you’re looking to sell your old motor. There is nothing easier than signing a few papers and driving away in a new vehicle on the very same day. Oh, and the amount of the upfront or finance costs are lower too as the value of your old car is used as a deposit.

While trading in a car is a cost-saver and hassle-free, there’s no reason to accept the first price they give you. After all, it could be too low and money might get left on the table. Here are some fantastic tips for getting the most money when trading in your old vehicle.

Choose a Used Car Dealer

There are lots of dealers on the market, but the best ones for trade-ins are used car specialists. When you opt for a company such as Sutton’s, you tend to get the most value because they know how to sell it on for a profit. They want popular models with low mileage as their customers trust them to provide high-quality, second-hand vehicles. Because they already have the demand, they need the supply and are usually willing to offer more as they can cover the costs while maintaining their reputation.

And One That Doesn’t Sell Your Car

Okay, a dealer should sell the make and model of your car, yet you don’t want there to be too many. Why? It’s because their inventory will hit the value of your car hard. If they already have loads of Vauxhall Astras and can’t get them off the lot, they won’t pay a premium to add another one to their collection. Dealers that don’t have them, on the other hand, might pay more as they are popular with their customers.

Consider Your Car’s Appearance

Car dealers aren’t rocket scientists that look into every small detail before they make a decision. They understand the general worth of a car, and more importantly, what a buyer will pay for it, and that impacts their resale value. People want vehicles that go fast and don’t cost a fortune to run, but they mainly want a good-looking one. Washing the exterior and cleaning the interior, therefore, is a simple yet effective way to boost your car’s trade-in value. Make sure it sparkles so that it makes an excellent first impression.

Find Out More About Repairs

Wear and tear both cause cars to breakdown more often than they should. So, the chances are that your motor will need a service and a couple of repairs before it goes to a dealer. First thing’s first – take to a mechanic you trust. By doing this, you can gain leverage to use in the trade-in negotiations and have a backup plan. For the former, all you need to do is tell the dealer that your mechanic said it would cost X amount to fix. That should stop them from trying to take advantage of you and reduce the amount they are willing to offer.

For the former, remember you can take it back to the garage if the amounts the dealer gives then eat into your profits.

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HOW TO SAVE MONEY AS A NEW DRIVER

Getting your license is an exciting thing. You’re probably eager to get your first car and head out on the open road. Of course, owning a car is expensive, so it’s important that you weigh up your options to make sure you spend your money as effectively as possible. In this article, we’re going to give you some points to help you save money as a new driver. These pieces of advice should help you with both your present-day expenses and any expenses in the future.

Do Your Research Before Buying a Car

Obviously, the initial purchase of your car is one of the biggest costs you’ll face as a new driver. Whilst you might be keen to buy a vehicle and get driving as quickly as possible, it’s important that you do your research before buying a car. Make sure you use price comparison websites because you might be able to find a better deal on a particular model of car elsewhere. You need to think about added costs too. You need to think about the type of insurance policy you’ll need and the amount of tax you’ll face with a particular vehicle.

And you might want to think about any features you’ll need too. Some dealerships will include bonus features with the vehicle, but other dealerships might charge you extra for those features. You have to weigh up all of these factors before making a purchase. By doing your research, you can be sure that you’re actually getting the best possible deal for a particular vehicle.

Obviously, buying an older car is a good way to save money, but there are ways to get good deals on newer or sleeker vehicles on the market. You might want to assess your options if you’re interested in getting a second-hand Mercedes. You could get a much better deal on an expensive car by going down the second-hand route.

Drive Cautiously and Defensively

Driving well is one of the best ways to save money. You might have spent a lot of money on a stylish and technologically-advanced vehicle that claims to be incredibly economical, but you won’t be running it as economically as possible if you drive it badly. Accelerating and braking aggressively, for instance, are both great ways to waste petrol. If you want to save money, then make sure you always drive cautiously and defensively. You’ll ensure that every gallon of petrol takes you much further. You have to focus on these small savings if you want to be a frugal driver.

Maintain Your Car Well

Another smart way to save money as a new driver is to learn how to maintain your car well. This will help you to reduce your costs on your current vehicle and any other vehicles you have in the future. It’s a worthwhile skill. Obviously, it’s also important to take your car into a specialist garage for treatment on a regular basis. But if you can learn to keep your own vehicle in good shape, then you’ll spend much less money on repairs. You’ll be at a much lower risk of breakdowns or other costly issues. Make sure you check your tyre pressure regularly. Under-inflated tyres will drag, and this will make your car much less economical as it’ll waste fuel. Again, keeping your vehicle well-maintained will save you a lot of money.

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