We all have one dream car we think about owning, and when opportunity presents itself, we often jump in head first, without thinking about the long term consequences. Whether you are obsessed with one of the classic German masterpieces or would like to own a classic Dodge Charger, you will have to conduct a reality check before you make your final decision. It is always recommended to take the car of your dreams for a spin, so you can check whether it is really as good as the reviews and movies make it look like.
Will It Suit You Long Term?
You might be a single person with no kids, but this will change. Having a sports car with two doors and a miniature boot, just like the Mercedes SLK might be a dream you have had for a long time, but it is not very practical, unless you have your grocery shopping delivered to your home or purchase a second car. Think about your long term plans, and decide whether or not you can enjoy your dream car for long enough.
Can You Keep Its Value?
Some cars still look and feel great when they are 20 years old, but they lose their value. Others will drop in price in the first few years. If you want to make your money work for you, and get a good return on investment, you should check out the retained value comparison chart of cars, especially if you are planning on taking out car finance.
How Much Will It Cost Long Term?
It is also important to check that you can afford your dream car long term. How much fuel will you use commuting to work or taking scenic road trips around the country enjoying your car’s interior and comfort? You should also think about car insurance prices. When buying a classic or valuable vehicle, it is recommended that you check GoCompare before you sign the sales documents.
Is It Suitable for Your Needs?
You might be dreaming of owning a sports car, but live on the top of the hill, and the roads can be slippery in the winter. Or you could get an SUV that doesn’t perform that well when you are stuck in the city traffic. Consider your lifestyle first, before you choose your next vehicle. Whether you need storage space, fuel economy, or advanced safety features, you should check whether the model you have in your mind can meet your expectations.
Common Problems
Every car comes with regular problems. If you can find out what the most common mishaps are, and what can go wrong with the model you chose, you can look out for the signs before you buy, so you don’t end up with your vehicle being stuck in the garage, not being able to afford the repairs.
We all dream about cars, and often get disconnected with reality. To avoid making the wrong decision and listening to your heart instead of your mind, check the above things before buying your dream car.
