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Choosing the right car for you

Posted on 28/09/2015

From city run-arounds to off-road vehicles, choosing the right car is crucial. Fail to do so and you may be back in the market for a new car just a few months down the line.

So you can select the right vehicle for you, we’ve put together this handy car buying guide. Read on to find out more:

New drivers

With sky-high insurance costs common for new drivers, many will try to save some cash when it comes to purchasing the car itself.

Older cars make popular choices, as they can be a lot cheaper than new models. However, it’s important to consider why you are purchasing the vehicle. An old car with high mileage may not be suitable if you intend to regularly travel many miles — in this sense, it becomes almost a false economy.

However, if you only require the vehicle for casual use, an older car may be a better option for you. Bear in mind that some older cars may have higher insurance costs than newer vehicles, as they often have more up-to-date technology to prevent theft and improve security. This varies on a case-by-case basis, so it’s always worth getting a quote for your vehicle before you buy.

You’ll also need to take fuel and maintenance costs into consideration. Remember that new cars are exempt from MOTs for the first three years, which can help keep your expenditure down. Weigh up the pros and cons of both new and used cars thoroughly before making a decision, carefully considering your individual needs.

Families

If you have a growing brood, you’ll need a vehicle that’s large enough to transport the whole family from A to Z.

There are a number of features you should consider when in the market for this type of car. Leather or wipe-clean seats will help to keep mess to a minimum, while clever storage compartments will be handy for storing toys, games and other travel essentials. An in-car entertainment system may also be nice to have, to keep the little ones entertained during long journeys.

Generally speaking, hatchbacks, saloon cars and people carriers are the vehicles of choice for families because they offer an abundance of space. 3-door cars may make strapping in children difficult, so should be avoided.

Commuters

As you battle the traffic on the way to the office each day, you may find that you have to fill up more often. As such, you should choose a vehicle that offers great fuel efficiency to keep your expenditure to a minimum. Take a look at this rundown by Auto Express before you head to the dealership.

You should also consider the size of your vehicle. If you’re working in a city centre or in areas where parking is limited, a compact car may make your life a little bit easier.

Whether you’re a commuter or new driver, you should always consider your requirements thoroughly before making a purchase.

What models would you recommend for each of the above drivers? Let us know over on Twitter.

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UK Car Finance Limited. Registered in England
Registered number 9397657.
Registered Office Lakeside House, 30 Northumbrian Way, Newcastle Upon Tyne, NE12 6EH

Refused Car Finance is a trading style of UK Car Finance Limited and is acting as a licensed credit broker and a lender, we are authorised and regulated by the Financial Conduct Authority, registration number 714966. All finance is subject to status and income. Applicants must be 18 or over, terms and conditions apply, guarantees and indemnities may be required.

Written quotations on request. Certain exclusions for NI residents.

Note: We cannot be held responsible for specification errors, and price errors, we use Motortrade software which is not always 100% accurate. Copyright 2017 Refused Car Finance.

Refused Car Finance can introduce you to a limited number of finance providers based on your credit rating and we may receive a commission for such introductions.

*Representative Example
Cash price – £8,500.00, Deposit – £0.00, Amount of credit – £8,500.00, Rate of interest – 16.24% per annum, Amount of interest – £6,912.00, Lender Documentation fee – £0.00, Lenders option to purchase fee – £10.00, Total charge for credit – £6922.00, First repayment – £256.70, Followed by 58 Monthly repayments of – £256.70, Final repayment – £266.70, Total amount payable – £15,412.00, Representative APR – 29.9%

*Last month, over 51% of Refused Car Finance customers that had their loan arranged were offered an APR of 29.9% or lower

In the first 3 months of this year, UK Car Finance Ltd received 2140 unique applications, of which we were able to offer 2136 applicants a line of credit, subject to the applicant being able to provide acceptable proof of affordability, being free from insolvency and or/a supporting guarantor fitting the lenders eligibility criteria, this represented 99.8% of applicants in this period.

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