Buying a car is one of those things that, every once in a while, you just have to do. As your existing car gets older, it will get less reliable, and in the present day it also becomes a lot less efficient than most cars on the road. Unlike most of the big ticket purchases you might make, a new car is one of those things that simply can’t be avoided – the automobile industry changes so often and so completely that those who don’t update their vehicle are inevitably going to be left behind.
There are plenty of people who believe that, because they’re going to change car in a few years’ time anyway, it’s not really worth spending what it takes to get the best. And, sure, they have a point, in that it always makes sense to get the best deal on the car you buy. However, there are reasons that it makes sense to spend more for higher quality when it comes to getting your next car. As you’ll see from the following, it makes sense to pay for quality.
1. Skimping doesn’t save you money in the long term
People can try to talk themselves into believing that buying at a lower price means they are getting a better deal, but the simple truth is valuation is more complicated than that. Looking for the lowest price may mean you pay less up front, but more often than not it means you’ll miss out on benefits like greater fuel economy, add-ons like Sat Nav, and more besides. Worst of all, the chances are that when you buy in the bargain basement, you’ll get a less reliable car – and just end up spending more on repairs or an eventual replacement.
2. Spreading the cost brings better cars into affordable range
You will have your own set budget for what you can afford when it comes to buying a car, and this is particularly important to stick to when you are buying used. If you bust your budget on a used car, you’ll leave yourself very little room for manoeuvre when it comes to other areas of your budget. However, if you can get a payment plan from the likes of https://www.newtonsofashley.com/used-cars, you’ll find that it brings high-quality marques into your price range, and you can get them for not much more than mid-market vehicles.
3. Seeking quality helps to future-proof your purchase
The writing is on the wall for fossil-fuel vehicles, as is clear from stories such as https://www.theguardian.com/business/2020/jan/13/polluting-vehicles-could-be-pulled-from-uk-sale-say-carmakers and more besides. By cutting corners on your vehicle purchase, you may run the risk of getting a vehicle that has no trade-in value when the time comes. Simply put, the more efficient a car is right now, the more it will hold its value – with electric or hybrid motors faring the best on this score for obvious reasons. So even if you’re not buying an electric car this time, it’s worth paying a little more to get a more efficient car with the future in mind.
You may enjoy the immediate benefits of paying less for a car, but in time it often becomes all too clear that spending a little more now will get you better results in the future.