Cost Of Buying A New Car
by Joseph Kenny
One of life's joys is buying a new car. The excitement of looking through
those glossy brochures, choosing the brand, model, colour, plus the
features is incredible. Ask most men and I'm sure they'll tell you it's
one of the things they enjoy most in the world. And these days, with women
reported to be involved in over 80% of all new car purchases, women are
getting hooked fast on the pleasure of buying a new car.
However, if there is one thing that can detract from the enjoyment of
buying a new car, it is the finances of the whole deal. This is not just
speaking about the price of the new car, although this can be
considerable. There is also the issue of all the hidden, and not so hidden
extras that you have to pay for. For example, before you finalise the
price of the car, you have to find out what features come as standard, and
if you want to have any additional features, be they for safety, power,
style or any other reason, you have to make sure that you calculate the
extra cost of them into the price of the car.
Then, added to this is the delivery cost if there is one. Plus any other
hidden dealer fees for whatever reason. Then you have to deal with
financing charges. You may be one of the lucky people who can pay outright
for their car, but most people will be using some style of financial
product to cover the purchase price of the car. Either they'll be leasing
it from the dealer, or they'll be relying on the dealer's financing
offers, or maybe you will have arranged a separate loan from your bank or
other lender. Frequently there will be associated costs with the financing
package and they should not be overlooked when calculating the cost of the
Add to this the cost of road tax. Road tax is calculated based on the size
of the engine of the car. Then you will also need insurance. You should
make sure you shop around and get the best possible price for your car
insurance. You can choose between different levels of coverage depending
on whether you want your own car to be covered or just third parties.
By the time you have added all of these extra expenses on to the purchase
price of the vehicle you will be closer to knowing the true cost of the
car. Make sure you can afford this figure and your car buying experience
will be far more enjoyable.
About The Author:
Joseph Kenny writes for the loan information sites http://www.selectloans.co.uk/
and also http://www.ukpersonalloanstore.co.uk. Select Loans have
information and links to certain suppliers in the car loans http://www.selectloans.co.uk/CarLoans.html
section of the site.
Copyright Joseph Kenny -