A
Modern Convenience
The
vast majority of American households have at least one car. Cars provide a
modern convenience to people, who rely on their vehicles for a variety of purposes - the daily commute, the
school run, visiting family and friends, shopping; American people love their
cars.
But
sooner or later the time will come when you want - or need - to buy a new vehicle.
However, you should take the time to consider what factors influence the cost
of buying a new car in order to get more bang for your buck.
Insurance
Premiums
These
factors all have a bearing on your vehicle insurance premium- one of the most
variable costs when purchasing a car.
•
The Age of the Driver - Younger drivers pay much more to insure their vehicle - particularly if they are
buying a new car. This is often a hidden cost for young people who haven’t
considered all the different options.
•
License Points - Points on your license can have a huge effect on
the price of your premium - especially if you are a younger driver.
• Annual Mileage - The higher your
annual mileage, the higher the price of your insurance!
• Geography - The local geography in
which your car is registered influences the cost of your car insurance. Factors
such as the prevalence of crime in the local area are taken into consideration.
• Profession - Your car insurance
premium may be greater if your work requires regular travel.
• Marital Status - Strange as it may
seem, your marital status can have a bearing on the price of your insurance.
Time
of Year
In
addition to the cost of insurance, the cost of maintenance on your old car
should be considered when choosing when to buy your new car. More inclement
seasonal weather can lead to breakdowns and high repair costs. As fall
goes into winter, the onset of bad weather can put stress on an older vehicle.
The number of breakdowns goes through the roof in the colder months of the
year. Therefore, making an investment in a new car before the winter months can
actually save you money in the long run.
There
are many factors which affect the overall cost of buying a new car. Your insurance
premium often represents one of the most significant and variable of them all.
However, the cost to insure a brand new
vehicle may be disproportionate to your expectations.
Therefore,
why not replace your old car with a quality used car? This can represent a good
and cost-effective investment. Used cars are easily available online from
trustworthy suppliers such as AA Cars, and they often give you
much more bang for your buck.
You
may not be able to change your age or life circumstances to reduce the overall
cost of buying a car, but looking for a quality used car may help you to get
great new wheels for less!
What
are your next wheels going to be?
No comments:
Post a Comment
Thank you very much for commenting. I may not reply to them all but I read every one and it is very much appreciated.