The time has come to buy your first car. After so many years singing that “dad, can you bring me down to the center?” or “honey, can you pick me up at 5 in the morning that there is no subway?”, you can finally be free. But watch out! It will surely be one of the most important purchases of your life, and you must do it well; D
That is why, we explain step by step how to make a good purchase, in addition to revealing some other secret …
1. The budget
According to the latest Family Budget Survey prepared by the INE (National Institute of Statistics), a fifth of the budget that comes into the home (18%) is allocated to car expenses, that is, between € 5,000 and € 7,000 per year between gasoline, parking, maintenance, insurance, depreciation, cleaning and road taxes.
For this reason, and always keeping your needs in mind, establish a budget to later see which option is best for you: buy a new car, kilometer zero or a second-hand one, since the price varies a lot in each case.
2. What car are you interested in?
2.1 New car
You have to know what you are going to use it for. If you are not going to exceed 12,000 / 15,000 km a year, that is, you are only going to use it to move around the city, from home to work and from work to home and for a little vacation trip, it is more rewarding to buy one of gasoline than diesel; You will save € 2,000 and up to 3,000 on the high-end ones! What if we also add that the maintenance of a gasoline engine is cheaper than that of a diesel? Maximum savings!
Be careful with the car you choose . For example, choosing one with a large minivan-type trunk just for taking one trip a year with the whole family doesn’t really make up for it. They are very large cars that offer a lot of resistance to air on the road, which leads to higher consumption. In this case, a saloon can fulfill the same function as a family car, and it saves you both in consumption and in purchase price compared to the minivan. Regarding the issue of space, for that trip that you do once a year send the suitcases by mail (about 100Kg is about € 100), in addition, you save on gasoline consumption by carrying fewer suitcases, since for every additional 100kg you consume a 5% more, or what is the same € 216 per year.
We can find a saloon from € 19,900 (Ford Mondeo) and a minivan from € 21,790 (Ford S-Max), the difference is € 1,890.
Models in stock are cheaper than if you have to order them from the factory. If you like the model, choosing a specific color or specific extras is directly synonymous with a higher outlay.
Negotiate, negotiate, and negotiate. Due to the competition between dealers of the same brand, in addition to the mandatory discounts established by the house itself (even if the salesperson sells it to you as a “personal gift”), dealers have an additional margin (depending on the sales volume of the dealer) that ranges from approximately € 200 to € 500 in mid-range cars, and from which you can benefit if you know how to play your cards. Negotiate with the salesperson and you will surely be able to scratch the final price even more
Finally, never forget that one of the peculiarities that new cars have with respect to their price is that a new car is devalued from the moment it leaves the dealership, around 15% according to calculations by various entities of the sector . Do numbers to be sure it fits with your possibilities and goals.
2.2 Kilometer Zero Car
They are cars that have been used by the dealership workers for dynamic tests (that people test them), and that when they reach 10,000 km or even earlier, they are serviced, cleaned and sold to the public cheaper.
The best time to get a zero kilometer is at the end of the year , as this is when dealers close their fiscal year and have to present targets. If these have not been good, many dealers will register the new cars that they have in stock so that they count as sales and sell them at the price of zero kilometer . Take a good look at the kilometers the vehicle has , you can buy a new one at a bargain price!
2.3 Second hand car
Second-hand cars are recommended if you are not going to use them regularly over long distances , but rather in the city and occasional trips.
Buy in store or private? If you buy the car in an authorized establishment, the purchase-sale relationship will be governed by the General Law for the defense of Consumers and Users, while if you buy it from an individual, it will be governed by Common Civil Law, so your rights and Warranties can vary greatly depending on the case.
Buying from private to private can be a better price than at a dealer, but the level of fraud is usually higher . For this reason, you should verify the following points to avoid unnecessary expenses:
Condition of the car . If you are one of those who has no idea about mechanics and you don’t know what things to check, we recommend that a specialist see it before purchasing. However, you can advance work and check the condition of the doors and windows, the wear of the tires, the lights, the power of the air conditioning (AC), etc.
Documents in order. It is very important that all the paperwork is in order: Traffic Tax, ITV, vehicle identification, and very important, find out if it has a fine or embargo, or even if it is stolen. If you go to the Traffic Headquarters you will be able to know all this and by the way, they will also be able to inform you of the true date of the first registration of the vehicle (do not charge more for an old car!).
According to an article in the newspaper El Mundo, in the case of two-year-old vehicles, the average price has gone from € 17,565 to € 15,220 in 2013, 13% less, while those of five years have reduced by 8.7 % its price, up to € 10,055.
As you have seen, there is a great variety of prices and things to take into account each type of car. If you are still very undecided, don’t worry! On the Internet, there are many pages as Autocasion.com, Cochesyconcesionarios.com, and Diariomotor.com that help you compare prices for new cars, Km 0 or second – hand click of a mouse.
Ok, you know what kind of car you want and how much money you need, how do you get it? According to data from the Federation of Automotive Dealers Associations (Faconauto), only 20% pay for their car in cash, compared to 80% who decide to finance the purchase.
Personal loans :
Perhaps you have decided to buy it from an individual. In any of the cases, there are so many types of loans and conditions that it is sometimes very difficult to know which is the best for us. There are numerous pages on the Internet such as Bankimia.com , where you can see and compare numerous loans from different entities. Before your choice, and as we always say, make numbers taking into account your priorities:
- Fixed or variable interest (if you choose the variable, make sure you are aware of the periodicity of the reviews).
- The type of amortization. The normal thing is that they are monthly (French system). Find out about the possibility of making partial or total repayments before maturity.
- Commissions: opening, total and partial amortization
- Insurance that may be associated with them.
- Existence of mandatory products.
If you have not been granted the loan and you do not have savings, calm down! You already know your challenge, now you can achieve it in five simple steps and without dispensing with any whims.
Don’t forget to find out about plans that can help you buy a new vehicle, such as the PIVE 2 Plan , which offers you aid of up to € 3,000 as long as you permanently cancel an old car and buy a new one that pollutes less. There are brands that have their own PIVE Plan, so it is good that you find out about those that interest you.