How to budget for your new car

Buying a new car is both an exciting prospect and a significant investment. At Lookers, we want to help you prepare yourself for a new car by providing you with helpful tips to ensure you buy your perfect car at the perfect price. 

There a few factors to think about when looking for a new car. Narrowing down the options to the vehicle type you're after - such as an SUV or saloon, for example - is only half the battle. The asking price is a good place to start, but this is not the only cost you will incur. Running costs such as fuel and tax, servicing and insurance must also be taken into consideration.

The number of models and spec levels on offer can make the decision a tricky one, but with these pointers, you could be navigating the forecourt with a bit more of a focus.

Fuel and tax

It is critical that you know how much each of these will cost you. Road tax is simple to work out once you know how. The CO2 rating of a car will determine its tax band, and at Lookers we are clear about which tax band each of our cars falls into.

We also provide the mpg of each of our cars, and although the on-the-road figure may differ, it'll give a guide as to where the car sits in relation to any other models you're looking at. 

Petrol or diesel?

Diesel models are generally more efficient than petrol. Diesel cars therefore generally cost more than petrol cars, and diesel costs more at the petrol station. If you are going to be driving more than 14,000 miles a year, a diesel car will generally make more financial sense as you will have made back your money in efficiency savings.

Servicing

It is very important to make sure you get your car serviced to keep it running healthily and efficiently. At Lookers, our experienced technicians use the latest technology to examine your car and carry out the necessary maintenance. We offer a free reminder service that will avoid you incurring any costs for late MOTs or breakdowns.

At Lookers, we also have a Lookers Service Club. This provides you with a ten per cent reduction on all servicing costs, half price MOTs for you and your family and complimentary accident and aftercare services. 


 

Our team is here to help make sure you get the most out of your money. Contact us to find out more about budgeting for your new car and our current offers.

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