More than two million new cars are sold each year in the UK, which averages out at about 5,500 new cars every single day of the year. Used car sales are about triple that. So in total, an average of over 20,000 people are buying a car each day in the UK. It’s big business.
Therefore, it’s obvious that a lot of people are considering the purchase of a new car at this very moment (and thousands of people are visiting this website every day, usually reading articles relating to buying a car and car finance). They might not buy it for a few days, weeks or months, but they are building up to it.
A car isn’t usually something you buy on the spur of the moment – it takes the average person about three months from first thought to signing a contract. So some quick maths tells us that there should be about two million people in the UK currently in the lengthy process of buying a car.
If you are one of those two million people presently pondering the purchase of a Peugeot or a Porsche, what things should you really be thinking about? What are the key considerations you need to have in mind to make sure you’re getting the best car for your budget and lifestyle?
Be brutally honest with yourself (even if you want to lie to everyone else) and answer these three questions:
- What is the real reason you want to buy a new car?
- How much can you really afford before it’s too much?
- What do you actually need this car to do?
If you can’t answer these questions, you are almost guaranteed to end up spending your hard-earned money on the wrong car.
You should also read this:
The Car Expert’s Ten Golden Rules for buying a car
So let’s look at these three questions in a bit more detail.
