Drive hard bargain to save big on ’17 dream motor

While popping down to your local dealership might seem like the easiest option, it is always worth broadening your search to make sure you get the best price.

2) Think about the future: Before you start browsing the forecourts, think about what you really need from a new car. There’s no point buying a two-seater convertible if you’re thinking about starting a family.

3) Set a budget: While many of us balance the books before buying a car itself, it’s also important to consider the financial commitment that continues after you leave the dealership. Setting a monthly budget for regular costs such as fuel, road tax and toll payments can prevent overspending.

4) Shop around: Whether you’re buying insurance or booking a service, make sure you shop around for the best deals and choose the option most suited to your circumstances. For instance, if you will only drive occasionally, pay-as-you-go insurance might be a better fit. And families with a grown-up child behind the wheel could save by taking out multi-car policies.

5) Be savvy when spending: If you are budgeting for car costs this year you could get something back by spending on a card which offers rewards or cashback.

The American Express Preferred Rewards Gold Card offers new cardholders 20,000 Membership Rewards points on £2,000 of spending in the first three months.

That could get you a return flight from London to more than 100 destinations, or a £100 gift card to spend at over 20 retailers.

And the American Express Platinum Cashback Credit Card offers 5% cashback up to £125 in the first three months.