So you’re just about to buy your next new car. You have the deal you want, the part exchange value seems palatable, and you can’t wait to get your new car. Sound familiar? Thousands of motorists choose to buy their cars from main franchised dealerships each year. This is mainly due to the fact that they have a wide choice of vehicles, often sold as part of the manufacturers used car scheme, they also provide warranties, a mechanical check, and an element of peace of mind for the consumer. If you are buying a new car you will almost certainly have to visit a franchised dealer as most of the Internet based sellers are merely brokers acting as middle men between the consumer and franchised dealer at coverking stormproof car cover.
Selling you a car is not the only thing the dealer has in mind!
Due to the current economic climate we live in, and the ever growing ease at which you can obtain information over the Internet, many dealers can no longer survive by selling cars alone. Most car dealer groups have dedicated finance departments specifically designed to sell finance and insurance products such as gap insurance, extended warranties, tyre insurance and other insurance related products. Main dealers and car supermarkets now budget to make as much money from finance and insurance as they do from the actual car sale. Most car dealers will aim to make around £800 profit on every car they sell, whether new or used, with almost 50% of that profit coming from finance and insurance products. The growth in popularity of these types of insurance products has resulted in dealers targeting their sales teams to sell gap cover on every car they sell. However, policy costs can vary dramatically when purchased from a car dealer or car supermarket.
So how much should you pay for a gap insurance policy?
Recently we carried out a survey of main dealers, car supermarkets, and a number of independent dealers and found a startling array of gap insurance prices. The average cost of a gap insurance policy at main franchised dealers is around £399 for a policy that will cover vehicle replacement up to the value of £15,000. Prestige car franchises such as BMW, Audi, Porsche and Mercedes appear to be exploiting the popularity of this type of insurance even further with prices as high as £1000 for a vehicle replacement policy. Most prestige franchised dealers calculate gap insurance prices based on a percentage of the vehicle selling price resulting in sky high policy costs!Many dealers now employ Business Managers specifically targeted to sell finance and insurance. So don’t be surprised when you get the heavy sell! The dealer will want you to buy a gap policy and so will the sales person!
Buying on the Internet!Like most things sold on the internet nowadays, you can save a lot of money when purchasing gap insurance from the growing number of online gap insurance providers. Cost savings from not having to pay rent on fancy showrooms combined with high commissions paid to the sales team’s means that the cost of buying a gap insurance policy online can be as much as 75% cheaper than a franchised dealer. Setting up a gap insurance policy online is also very simple and can be completed in a matter of minutes by completing a short online application form. You can also speak to someone over the telephone if you have any questions or queries.In addition to the cost saving, most of the online gap insurance providers make it very easy for you to select the correct policy for your needs with clear and concise product descriptions and key benefits as well as the obligatory T&C’s and policy details, which can all be downloaded.
Choosing The Right Car For Your Needs
Buying a car requires commitment. You will both be spending a lot of time together, so it’s best to know you’ve made the right choice and you’re happy with your decision. There’s also lot of money at stake, so you don’t want to be disappointed. Follow this advice to make sure you choose the very best car for your motoring requirements.First, stop dreaming. Put down that copy of Auto Trader now! It’s time to put your needs before your wants and think about what you really need / want in a new car.Buying a car is exciting – great – so the process should be satisfying. You’ll want to end up with a car that says something about who you are – that’s fine, too. But you still need to choose the right car.Choosing the right car is the first step towards easy car ownership. To tackle this critical task, put your rational head on and really think about what you need in a car because everything comes into the choose when buying one, here’s just a few examples, are you single, married, have children ( how many) do you work the same hours as your partner but both need a car for work, parking in your street, the list goes on and on.There’s no ‘right’ way to choose a car – we’re all different, with complex and often contradictory needs. That’s why ‘Insider Guides’ give you the low-down on thousands of models.Once you’re equipped with the facts and figures, and know what you really, really need, one of those vehicles will be your next car, and the best car for the job.Safety.There is no perfectly safe car, but certain models can protect you better in case of a crash. Some vehicles offer features that help you to avoid an accident in the first place. You can compare there crash test ratings and find other car safety information online at:-
SaferCar.gov – crash-test and rollover ratings for specific models by NHTSA
NHTSA – National Highway Traffic Safety Administration website where you can find automobile safety information, auto crash testing, statistics, recalls and more.
IIHS – the Insurance Institute for Highway Safety website where you can compare frontal offset and side impact crash test results as well as Injury, Collision and Theft Losses and Fatality rates for different cars.
Reliability can be one of the most important things to think of when choosing a new car, Obviously not all models are the same and some models are a lot more reliable than others, If buying new this isn’t usually a major problem as your warranty should cover you for anything that goes wrong, but when buying a second hand car this can be a major factor in choosing the right model.
Cost of Insurance.
The cost of insurance varies a lot depending on the make, year, model and even the colour of the car, as well as driver’s experience and many other factors. I definitely recommended to get insurance quotes before buying a car, you can find lots of different car insurance quotes on-line.
Make or Model.
A question that’s often asked “which make/ model is best for me?” It’s a hard question to answer as there are so many makes and models out there. If you are looking for something that’s going to be very reliable and good on fuel, maybe look at some second hand Toyota Corrollas, Honda Civics or certain fords.If you looking for luxury and the fuel consumption isn’t an issue then maybe take a look at some BMWs or Mercedes maybe even a Maserati. Which ever you choose though there’s always a make/ model out there to suit your every need.
Buying Your First Car – What to Look For
Your first car is a landmark purchase in your life. It’s the vehicle that will finally grant you freedom that public transport cannot, and it’s one possession that will demonstrate how far you’ve come in terms of earning and saving. Hopefully, it’s also a purchase that will last you a long time – so you’ll want to make sure you shop carefully and ask a lot of questions in your quest for a great first set of wheels.Buying a car is a difficult game. Everybody knows of the cliche cars salesmen types that will try to sell you a pile of junk for an extortionate amount. Unfortunately, stereotypes are often based on some truth – even if only just a little. But this happens to be one of the problematic aspects of car-buying: when you’re not too sure of your options, it’s easy to get taken advantage of.However, there are resources to help you. Whether it’s just your knowledgeable dad, car mechanic friend or the myriad support you can get on the internet through online forums, information sites and manufacturer websites, it’s now a lot more difficult to get duped when you’re making your first car purchase.
Drive away with confidence
Firstly, instead of dreaming of the car you want – perhaps that BMW convertible or Audi open top – you need to be realistic. Many people have a dream car, but not all of us can afford them. That’s why you need to sit down and work out exactly how much you can afford to spend on a new car, as well as how much you’re willing to pay. Once you have those figures, make sure you stand firm in sticking to that amount.The next step is to shop around. What one car costs in one place might differ drastically in price elsewhere. Learn to realise that making a major purchase isn’t instantaneous. While you could walk into a car dealer and drive out, a wiser buyer might walk in to several places and drive out with the better deal.You might also want to consider a second-hand car in your search for a great bargain. Not only are second-hand cars much more affordable, but you can often find used cars in excellent condition too.
These cars might not stand in line with today’s brand new models, but they’re a much more realistic option if you’re looking to save a considerable amount on your purchase.However you end up finding your first car, it’s one purchase you’re bound to remember – which is just one reason you’ll want to protect it with insurance. But just like car deals, you’ll find a number of insurance offers available on the market – so it’s best to shop around for a car insurance quote. Potentially, you’re likely to pay more for young driver car insurance river, but there are insurers out there who cater specifically for this demographic. Any good car insurance comparison website will include a handful of young driver specialists in their search.Once your vehicle is properly protected, you can truly enjoy your purchase with both peace of mind and the knowledge that you took every step to gaining a great deal.