Everybody has a dream car. It’s most likely one you’ve had in your head since you were a kid. It could be Herbie, or even KITT from Knight Rider. But as we get older our expectations change and become more realistic. Even still it is a good bet that you probably have an idea of what your dream car is.
Many people work towards attaining their dream car. In fact, it is often seen as a rite of passage for the working man when that day comes that he finally has the money to buy his dream car.
If you are still learning to drive, this may be a distant thing for you. In fact, if you are mid to late teens and you are reading this then you’re probably only thinking about getting your hands on your dream car. You’re not there yet! First you will need to pass your driving test. Many tests can be booked online. Make sure you visit http://www.booktheorytesttoday.com/ to take your first steps towards your dream motor.
In the meanwhile, there are some things that you should consider before and during the process of picking your dream car.
Your budget will be the first thing you will need to consider when you start the process of buying a car. In fact, even when you are just thinking about buying your budget should still be the first thing on your mind.
Now your expectations for your dream car might have to evolve depending upon what your budget is. You will be restricted by many factors including the cost of the car and your income. If you have only recently started work, it is not likely that you will be in a financial position to be able to afford an expensive car. Or a new car. You may be able to get help from your family or take out a loan if you are dead set on a car that is out of your price range.
But it would be advisable to set a budget and try to stick as close to it as you can. Find out as much as you can about the cost of the car you want. You may want to consider looking at used cars as it may well prove much cheaper than buying new.
New or Preowned
Another important factor to consider when you pick your dream car is to decide whether you are going to go for a new or pre-owned option.
Depending on your age, employment situation and socio-economic standing you may or may not be in a position to buy a car new. If you are in a position to buy new there are several options available including monthly repayments and buying on finance.
Most people will not be in a position to buy a car new. If your dream car is an expensive or renowned model, it is even less likely that you’ll be in a position to buy new due to the cost.
If you are in a position to buy new then it is something you should take under advisement. New cars have insurance and breakdown cover, etc. They are also subjected to rigorous MOT and roadworthiness tests before being sold. For this reason, you know that the car is not going to have any major issues when you buy it, whereas buying used can be more of a lottery.
If you have recently entered employment or you are of a younger age then it is most likely that you will be looking at used or pre-owned cars.
Check dealerships, magazines and websites. There are hundreds, maybe thousands dedicated to used cars. Find out how much your dream car will cost as a used car. You may well be in for a surprise.
One of the major advantages of buying a used or pre-owned car is that they are much cheaper than buying new.
This provides an opportunity to buy the car outright and as such you will not have the issue of constant repayments to deal with.
When you decide what your dream car is going to be you also need to consider the upkeep of the vehicle.
Upkeep can cover anything from the day to day running of the car, to petrol costs and maintenance work. If the car is quite old, or large, or a specialised model like a Jaguar then the upkeep costs can be high.
Factor these costs in as they will be like your budget. You will need to be sure that you can cover the costs of running a car on a daily basis. But you will also need to make sure you can pay for any work that it might need.
For this reason, it is more helpful to buy new as newer cars in principle should require less work than older better-used cars.
Being that the principle use of a car should be for practicality first, you need to be sure that it is not off the road for too long. If it has to go in for repairs make sure you have the money to get it back on the road as soon as possible.
The condition of your dream car should also be a factor when selecting it. This will generally only apply if you are thinking about buying a used car. Brand new vehicles will have been through rigorous testing before going onto the forecourt. If you have bought new you should be fine, though make sure you have all the paperwork from the dealer.
If you are buying or even considering buying pre-owned then, you need to check the condition of the vehicle. Find out how many miles it’s done. Make sure it has taken and passed a recent MOT test. Find out about the state of the engine as well. These three factors are the most important in determining whether your dream car is in a suitable condition to buy. If it isn’t then it may be time to cast glances elsewhere.