Before all else, get your figures in order. What is the price range you can afford? If possible, seek advice from a financial planner first, whether it’s a bank loan expert, an accountant, or a friend or relative with money-management skills.
Also, like you shop around to get a good deal on your new vehicle, why not shop around for the loan to pay for it? Most people don’t. They go to the dealer without doing any homework.
Be sure about the type of vehicle you want to buy and then narrow it down to the models and brands you are considering. Decide which options and features you want and don’t want. The Internet is a good place to research your potential vehicles, and to read reviews in independent automotive information sites. (p.s. It has been observed that even though a new car was bought in April and duly registered as the latest model in the RC, when checking with the engine the model turned out to be of the previous year! Hence, car experts advise that the engine be checked to ascertain the actual year in which the car was manufactured.)
Diesel or petrol?
Before deciding what model you want to buy, or even which make, one of the first things you need to work out is which fuel to use. Traditionally, diesel cars were considered smelly, noisy and expensive to buy. However, you often get more miles out of a tank, whereas petrol cars are seen as less economical but quieter and cheaper to buy.