Martin Chrimes is an independent financial advisor renowned for giving straight talking consumer focused advice.
His top ten tips will help make sure that you're prepared to do financial battle and ensure that you don't get ripped off on those big ticket items.
Set a realistic budget that anticipates future costs.
Never reveal your budget- not even a between figure.
Research all financing options available- and ensure repayments are feasible within your monthly outgoings.
Know your desired product inside out and use comparison sites to get the going rate before setting foot in store.
Never buy from the first retailer you visit and don't be afraid to play them off against each other.
Expect to meet the retailer halfway.
Separate your old car sale and next car purchases rather than part-exchange. A car dealer has margins to meet when he part exs- you'll either get an inflated price on your old car or a discount on next. But not both.
The more flexible you are willing to be, the better deal you will find. For example, when buying a car: search sites for delivery mileage cars, buy out of season, eg: 4x4's in Spring, be prepared to compromise on things like colour.
Most importantly, be prepared to walk away. You don't want to resent a big purchase and neither do you want to go into debt.
You'll get a better deal if you walk in with 'cash.' (by 'cash' I mean either paying there and then or over time- rather than using a trade in. I don't mean taking in wads of notes!) This is because the dealer knows it will be a quick and easy transaction.
Free online car valuation
Book an appointment
Complete the sale