Drivers urged not to rush into buying a new ’76-plate car
Motorists planning to buy a new car when the ’76 registration arrives on September 1 are being urged to research their options carefully and avoid making a rushed decision.
The Motor Ombudsman says buyers should establish a realistic budget that covers not only the purchase price or monthly finance payments, but also insurance, road tax, servicing, maintenance, fuel or charging.
These expenses can rise over time, particularly once introductory benefits such as free servicing or manufacturer warranties have ended.
Bill Fennell, chief ombudsman and managing director of The Motor Ombudsman, said: “It’s important to do the maths to ensure that your preferred make, model and fuel type is a viable proposition, not just now, but in the future.
“This is especially relevant if you’re intending to hold on to the car for a good number of years.”
Those using finance should compare the total amount payable over the full agreement rather than focusing solely on the monthly figure.
Hire Purchase agreements generally involve paying a deposit followed by monthly instalments, with ownership transferring at the end of the term. Personal Contract Purchase usually offers lower monthly payments but requires an optional final payment if the driver wants to keep the vehicle.
Buyers should also consider how the car will be used, including commuting, school runs and holidays. Boot space, passenger capacity, towing ability and access to charging points may all influence the decision.
Reviews of vehicles and dealerships can provide added reassurance, although motorists are advised to check that online information is current and comes from a trusted source.
Demand can increase around registration changes, so customers should ask retailers about expected delivery times and secure written confirmation of the anticipated handover date.
All agreements about the vehicle’s specification, optional extras and price should also be documented before any money is paid or contracts are signed.
Motorists trading in an existing car are encouraged to research its likely value before accepting an offer. They should also examine the new vehicle’s warranty and determine whether servicing plans, breakdown assistance, software updates, charging packages or subscriptions carry additional costs.
A test drive across several types of road can help buyers assess comfort, visibility, practicality and onboard technology.
Bill added: “The arrival of a new registration plate can be an exciting time for buyers. As this is often a significant financial commitment, it is vital that any purchase decision is not rushed and is guided by thorough research.”
