If you are like most drivers, there is a car that you’ve been dreaming of owning for a long time. While this might be the case, turning this dream into a reality can seem like a monumental task. Not everyone has the kind of disposable income needed to get their favorite automobile any time they wish. As such, you need to get your finances in order and properly plan for how you are going to acquire it.
Read on to learn our top five tips on how to finally get the car of your dreams.
Organize Your Finances
It should go without saying that even before thinking about buying your dream car, you first need to get your money in order. By keeping track of your finances, you will be able to determine whether you actually have enough money to purchase the car outright or you will need to finance its purchase.
In case your account balance doesn’t allow you to buy the car of your dreams outright and financing doesn’t seem like a favorable option, then you might want to think about going for a personal loan or PCH car finance. This way, you will be able to get that extra money you need to put down on the car and also be able to pay the amount you owe at a later date. Click here to find out more about what loans to take and ways to remain safe if you choose to take this route.
Find A Second Source Of Income
This doesn’t necessarily mean that you seek another job. There are plenty of side hustles that you can take up to help you earn that extra money you need to buy your dream car without interfering with your normal schedule.
An ideal side hustle for a safe driver like you could be freelancing taxiing. For example, being an uber driver allows you to be more in control of your working hours, thus allowing you to commit as much time and effort to this side hustle as you want. One amazing thing about Uber as a platform is that you have the freedom to choose who you want to pick up. This means that you can effectively avoid putting yourself in danger anytime you take on a job.
Time Your Purchase
As cars get older, their prices tend to fall. So, in case you aren’t very much concerned about driving the car of your dreams while it is brand new in the market, you will greatly benefit from waiting around for the right time. When you wait for the right time to buy the car – perhaps a year or two – you could potentially save thousands of pounds. This could even be the biggest determining factor whether you will be able to afford buying the car.
Consider Going For A Second-Hand Version
In a similar fashion, if you want to save on your purchase and aren’t concerned about your dream car has a previous owner, you may consider finding a good second-hand version of it. This will be significantly cheaper than purchasing a new one.
You can potentially gain even more savings on your second-hand purchase by doing the following:
– Visit the dealership when things are slow (avoid shopping during the weekends and the time directly following the general public payday)
– Don’t ask the dealer to tell you the best price – this is too vague and the dealer may take advantage. Instead, you need to tell the dealer how much you are willing to pay and start negotiating from there.
– Have the car inspected by a reputable mechanic before committing to it. This way, you won’t need to pay for ongoing fixes and services.
– You can consider a car exchange option. However, you need to be cautious to ensure that you don’t get the short end of the stick.
– You can also go for an ex-fleet version
In addition, if you are in a situation where you don’t necessarily need to own a car but just need occasionally or for a very short period of time, then you should definitely consider renting it. In this regard, car rental in Fort Lauderdale offers this service.
Advertise On Your Car
If you don’t mind having a few stickers stuck to the bodywork of your dream car, then you might want to consider being a driving advertising billboard. Here, you will just need to have your car stuck with various company names, slogans, and logos and then drive the car around advertising these companies. This way, you will be able to earn that much needed extra money and make paying for your dream car will be very easy.