How to Save on Any Type of Vehicle

Buying a new vehicle is a huge decision – and a huge expense. Whether you’re looking for a new passenger car, SUV, or truck, you’re going to spend a lot of money. The average price of a small car in the U.K. is £15,078, which is no small amount of money. Unfortunately, it’s not easy to find a new vehicle for less. However, if you search online, you can find savings, incentives, and offers that may lower the cost of buying a new car.

It’s possible to save money and get a brand-new vehicle. The key is to do your research so you know what savings are out there. Search online to discover how you can save when you’re buying a new vehicle of any kind.

You can follow these tips to find savings whether you’re buying a car, crossover, or another type of vehicle.

Opt for PCP Instead of PCH

One of the first factors you’ll want to consider is whether you’ll be purchasing your new vehicle on a Personal Contract Purchase (PCP) or a Personal Contract Hire (PCH). While both options offer advantages, choosing PCP can save you more money.

A PCP plan could cost you less than buying a new vehicle outright. You’ll get full use of the vehicle you’ve picked for a set term. Plus, you’ll make an initial deposit, then pay monthly installments. At the end of your term, you can choose to make one final payment to buy the vehicle or hand the car back to the dealership.

While a PCH plan might sound more affordable because you don’t have to pay for the full value of a car, PCPs can be far more affordable. PCP plans offer lower monthly payments and a smaller deposit. Even better, you don’t have to make a big final payment if you don’t want to.

Therefore, a PCP plan can be a great way to get a new car without paying full price.

Ask About Discounts and Deals on Options

Another way to score savings when you’re buying a new car is to negotiate. Instead of negotiating the overall price, you should negotiate the price of options.

Options, like leather seats, safety technology packages, and even trim options or add-on package choices, cost extra. But here’s the catch: they don’t cost the dealership much at all. Dealerships do pay for options, just like they pay to sell the cars on their lots. However, they pay way less than the retail price.

This means salespeople are often willing to throw in options and extras at a healthy discount. For example, a £1,000 leather interior upgrade could see a 50 percent discount if you ask. In fact, a dealership would likely pay about that rate themselves. Other negotiations, like getting a navigation option for free if you buy a safety package, are also possible.

From paint color to extra features, don’t be afraid to ask for a discount on the options.

Search Online for Dealership Offers

Searching online is the best way to find the latest savings, discounts, and offers on new vehicles of all kinds. Most dealerships advertise their best deals online now. As such, failing to search online could actually wind up costing you more money.

Take the time to search online for the latest discounts, incentives, and more on the vehicles you’re interested in. You can compare different offers to find the best, most affordable option. You’ll also be able to use that information to ensure you’re getting the best price no matter what kind of car you’re buying.