Despite of the fact that we still appear to be (all be it at the rear end)of an economic slump, new car sales have been going strong, and as a result,most car companies are keeping the same car deals and incentives that have been making sales all year.
On research the best car deals around at present include 0% finance and a plethora of cash back offers. In some cases,buyers are able to combine low or zero interest finance with cash back.
It seems that if you are in the market for a new car,present car sales and discounts should enable you to search out a great deal. As an example,a 2013 VW Passat was available last month in the UK with zero percent financing for sixty six months.Whereas the same model but running on diesel was available on finance for the same period of time at a rate of 0.9 percent interest.
Buyers who are in the market for something a little spacier can also get good deals on SUV’s at this present time. For example, a Toyota Highlander is currently available with a remarkable cash back deal, or indeed zero percent finance.
Once again, following research,it seems that you are better off getting your financing via a financial institution as opposed to the car dealership itself. To keep yourself on the right side of your personal financial budget it is recommended that your car repayment should never represent more than 20% of your personal income. This amount should not only cover the cost of your car payment, but should also include the cost of insurance,tax and fuel.
Long term car loans will work out to be extremely expensive in the long run. Payment periods would ideally span anywhere between three to five years. Some people like to take the lease option when it comes to cars, but really, leasing is just an extended car rental. You have to return it at the end of the lease to the dealer or alternatively, buy it from them at a prearranged price, which is often way higher than what you would pay for a similar used car in a deal.
Many people do lease,plainly it does suit some people to do so, but it is not the ideal way to keep a car, mainly because you are always making payments. Again,following research,it seems that when purchasing a car,it pays to shop early in the week.The reason for this is that weekends are the busiest time for dealers, so if you stroll into the dealership first thing on a Monday morning,a salesman may be prepared to cut a deal that he would not otherwise have cut because business could be very slow for a few days.
Another factor that is worth considering when seeking out that deal is to purchase a certified pre- owned vehicle. These cars often come with extra assurances with relation to the cars condition.
Going ‘second hand’ can actually work out to be quite a good move. The reasons for that are that most cars lose up to 18% of their value in their first year. A certified pre- owned car will have been inspected and fixed hopefully to a high and safe standard, and will usually come with a manufacturer backed warranty much like a brand spanking new car would.