Tips for Working Out Your Budget When Buying a New Car

Do you want to buy a new car? Maybe you just want to make sure that you are getting the best deal but don’t want to spend too much time pondering over the finer details. Either way, you can find out everything you need to know right here.

Work out the Running Costs

The first thing that you’ll need to do is work out the running costs. If you need some help then you should know that there are some running cost calculators out there that you can use. When you have found out how much you can afford to pay towards your car, you then need to make sure that you can actually afford to run it. A used car will always cost more in fuel, servicing, maintenance and tax, not to mention that you will also have to worry about the value depreciating as well.

If you buy a new car then you won’t pay as much across the board, but you will pay more for the car itself. That being said, although a used car costs more to run, you have to know that the new car will lose most of its value during the first year, so unless you plan on keeping the car longer than this time period, you’ll certainly lose out more when you sell. If you need some help covering the costs then remember that some of the best installment loans for buying new and used vehicles will give you very good interest rates from the get-go.

How to Find the Right Car

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You have to make sure that you don’t let your heart rule your head. If you know that you cannot afford your dream vehicle then you may want to think about getting a nearly new or used car. You can look in car magazines or you can look at cars on the road if you want. When you do, you will soon find that it is easier than ever for you to make the best purchase without having to worry about a thing.

Questions you Need to Ask Yourself

Think about it; what length of warranty do you need? Is the car that you are buying one of the safest on the road? Do you want a car that is going to hold its value well? When you ask yourself questions like this, you can then begin to make the best decision in regards to your car and your purchase in general. If you just don’t know what car you need, then you need to try and talk to your local garage to see if they can advise you. When you do, they should be able to tell you about the cars that they get in for repairs the most so you can choose a car that is as low maintenance as possible.

Take into account your Fuel

Another thing that you need to do is work out the fuel costs. If you don’t then you may find that you end up paying more in the long-run and this is the last thing that you need. If you are concerned about running your car on fuel that is expensive then you should know that electric cars are the most fuel-efficient cars on the market, but they are very expensive to buy. The diesel variant of a car will give you better mileage for long journeys, but it is not as ideal for short journeys. If you want to get a good result out of your car then you need to make sure that you account for this as much as possible.

Gasoline-o-Wow!!!

The dermatologist has summoned me to revisit her redoubt tomorrow morning — on the far side of the universe: south of Sun City, west of terrifying Maryvale. This entails driving driving driving…and guzzling of gallons of gasoline.

The tank was about a third full, which probably would have sufficed to get there and back. But I didn’t want to take a chance, so decided that when I took my mail-in ballot up to the post office today, I would buy some overpriced gasoline at the QT. And while out, run by the Leslie’s Pools store to pick up a replacement for a cracked pump pot basket.

Y’know…the last time I filled the gas tank on that car was May 14. That was two months ago. So that suggests the car used only a third of a tank of gas a month, under the Quarantine Regime.

The amount I pumped this morning — to replace two months’ worth of fuel — came to $20.30.

Now consider this: On April 1, when the present covid imprisonment began, my gasoline budget was ninety dollars a month! And yes, that is how much I regularly spent on gas then.

What has done this trick is ordering groceries, household supplies, and gardening products through Instacart and Amazon. For eight bucks, Instacart will make a run on whatever crazy place you please. And Total Wine, BTW, will deliver for “free.” At eight bucks a trip, two carefully calculated grocery-store or Costco runs per month cost you all of $16. Okay…$20.30 plus $16 will set you back all of 36 bucks…a far cry from $90 worth of gasoline.

What’s racking up that 90 bucks? Running around town to buy this, that, and the other at Costco, Walmart, Albertson’s, Safeway, Home Depot, and waypoints, whenever you happen to think of it. If instead you’re budgeting your car rides — by sending runners to pick up items from those stores and then using your car to travel to local destinations only when you absolutely have to — you could cut your gasoline costs alone by 50% to 66%.

But of course a car’s costs include far more than just gas. There are, for example, the oil changes, the new batteries, the tires, the smog tests, the insurance, the registration fee…and that’s only for newer cars that are relatively trouble-free. And it assumes you’ve paid for the damn thing and are not coughing up anything from $300 to $600 a month for a car loan.

What this suggests is that replacing your car with delivery services, Amazon (which also is essentially a delivery service), and ride services like Uber and Lyft could save you shitloads of money. Even if you kept your car, budgeting your rides to go only to places where you have to show up in person — the doctor, the dentist, the vet, the hair salon, the movie theater — would cut the cost of car ownership drastically.

It might even allow you to get rid of the car altogether. When you really need a car to haul something or go on a vacation, rent one. Otherwise…why pay to park one in your garage 365 days a year?

If you had a redundant two-car garage, what would you use it for?