How to get Good value when Buying a new Car

If you are buying a new car whether it is brand new or just new to you, then there are certain things you need to watch out for to make sure that you get good value. It can be hard buying a car because it is never easy to compare prices, work out if it is in a good state of repair or if it will give you good value for money.

Choose a Good Model

It is worth starting with making sure that you choose a reliable model. It is easy these days to research online and find out which models of cars will be most reliable. Some brands are well-known for reliability and others are not. If you get a reliable brand, it should last longer for you and not need to be repaired as often and therefore provide really good value for money. It can also be worth considering the cost of the parts as some cars have much more expensive parts than others and so this could impact the cost of any repairs that need doing. This can especially important with things that have to replaced regularly such as brake pads and discs. It can also be worth looking at fuel efficiency too as if you can fill up less often then this will help you to be better off as well. Some cars are much more fuel efficient than others and it can make a big difference with regards to the cost of fuel especially in the long term.

Check out Prices

It is wise to have a look at how much different brands and models of car sell for. This is because you could find that there will be some that are really expensive and others which are significantly cheaper. It is a good idea to think about how much you are prepared to pay for a car or how much you have available to spend and then you will be able to work out whether there are models in your price range. You should also compare different sellers so that you can find which one is selling for the cheapest. It is tricky with cars if you are buying second hand, because no one car is alike, so you will not only have to compare the prices but take into account its age, mileage, wear and tear etc.

Get a Warranty or Someone to Check it Over

It can be a good idea to make sure that the car is in a decent condition when you buy it. Sometimes people decide to sell a vehicle because it needs lots of repair work and they do not want the cost of doing it, so you need to bear that in mind. If you know someone that know a bit about cars, then they could potentially check it over for you and help you to judge whether it seems to offer good value for money. You might even be able to pay someone to do this for you if you wish. You could also consider buying from a dealer as they are more likely to sell better vehicles because they will have to abide by the law with regards to safety and you will have some come back if there are problems with the vehicle. With a dealer you may also be able to get a warranty which means that you may be able to get some free repairs if the car is not as good as expected. Do check this though and find out what it covers as the car may be dearer and so you need to be sure what you are paying for.

How to get the Best Bargains

There are many of us that really like shopping for bargains. We want to be able to find the very best prices for the things that we buy so that we know that we are never spending more than we need to. There are quite a lot of places that we can go where we will be able to find bargains and it is a good idea to be aware of where these are so that we can look carefully.

Comparison Websites

These websites will compare the prices charged by different companies and then you will be able to see which is the cheapest. This can be a good idea when you are looking for things like insurance, loans etc as there are many sites with this sort of information. The places will be listed in price order with the cheapest at the top, so that it will be really easy to see which is the cheapest. There are quite a few of these sites and it is worth using more than one as you will find that they have different companies that they compare. It is worth noting that these sites tend to be paid commission so they may only include places that pay them lots of commission and some companies are not listed on these sites anyway. If there are not comparison sites for some items, then comparing prices yourself using their online shops and websites can also be very handy.

Second Hand Shops

Buying items second hand is a great way to save some money. You will find that you will be able to get lots of different things for a lot less than buying them new. Of course, there may be some items that are dearer, perhaps because they are better quality or because they are rare and so you do need to be careful. You will also find that there will be a limited supply of items in the second hand shop due to the fact that they can only sell what is available.

Sales

We can often be tempted when there is a sale in the shop. Items will be reduced but we do have to be really careful. Often the savings can seem a lot better than they actually are. It is well worth actually working out how much you will be paying and thinking about whether it really is worth the money. You should also think about whether you are being tempted to buy products because they are reduced that you would not have bought originally.

Vouchers

Using vouchers can help to save money when buying things. It is well worth looking out for them to make sure that you are not paying more than you need to. However, like a sale price, make sure that you are not buying something that you would not normally buy, just because it is cheap, as opposed to buying something you were intending on buying anyway but just at a cheaper price.

Cashback

It can be possible to sometimes get cashback on purchases. There are sites that you can use to cashback from online shopping, for example. There are also credit cards that you can use to shop to get cashback as well. Like vouchers these can be a great way to spend less when you shop but you need to be careful to only use them to save money on things that you would have bought anyway. It can be tempting to buy more because it is cheap, but try hard not to do this. It may seem like you will be saving more if you spend more, but remember if you spend more, you will be spending more!

How to Find a Good Bank

There are many banks around and it can be difficult sometimes having the confidence to move to a new one. We may realise that it could be in our interest to swap banks to one that perhaps charges less money for its loans or pays more interest. However, we can often have low confidence when choosing them because we do not know what will be the best way to pick between them. We have therefore got together a list of things that you should think about when you are picking a new bank.

Costs

A good place to start is to think about the costs of the accounts. If you are likely to want to borrow money via a short term loan or have an overdraft, for example, then you need to look at these costs and decide what to do about them. It is not always easy to compare them, but you should be able to take a look at their websites and find out what their overdraft percentage is as well as what sorts of loans they offer and at what interest. Loans may have other additional costs too which you need to look for.

Interest Payments

If you are looking to save money then you will want to compare the interest on the savings accounts. Make sure you compare like for like accounts though. An instant access savings account will not pay as much interest as a fixed rate bond, for example, so you need to check that and ensure that you are comparing the same sorts of accounts with the same benefits. It is a good idea to compare them though as you could find that there will be a big difference between them with regards to the amount of interest that you will get from them.

Interest on savings accounts can make a huge difference.

Reputation

It might be that you are interested in the reputation of a bank. You might want to check that you will be able to trust them, that people you know will recommend them, that they good reviews, that you have heard of them or that they treat their customers well. This is something which could make a big difference to your experience of using the bank and you could really want to make sure that you feel they have a good reputation before you use them. You will have to do research, by asking people you know, reading online reviews, looking at their website etc to find out more about them so that you can make this decision.

Branches vs telephone / online banking

You also need to think about how you normally do business with a bank. If you like to go into a branch then it will be important to find out where the nearest one is. If you like to bank online, then you will need to make sure that this is a service that is available, likewise if you like to be able to speak to someone on the telephone you will need to check that this is something that you will be able to do.

Customer Service

Customer service is important to many people as well. They want to be able to easily get in touch with their bank and speak to them about any concerns that they have without worrying about how polite and friendly they will be, whether they will be able to help etc. Some people do not like having to wait a long time to be able to speak to someone. So, you may need to contact the customer services department and see how they are so that you can judge for yourself as to whether they meet your expectations.

Should I Change Jobs to get more Money?

Many of us wish we had more money and we might think of the different options available to get more. One of the main ways that most of us will earn money is to get a job. This means that it could be thought that the best way for us to make more money is to change jobs. It is worth considering the advantages and disadvantages of doing this though.

Advantages

  • If you change jobs then it can be possible for you to get paid more money. It can be hard wen looking for jobs as you will need to make sure that the pay will be higher and some jobs do not advertise the pay rate at all or it is a salary range. You may therefore have to negotiate a rate and hope that they will be happy to pay you that much money.
  • It can be good to have a change in job from time to time. This is because you will find that you get a change in what you are doing. This can be a good thing as it will give you something different do, a new group of people to work with and things like this which will be great for some people. It can be a great challenge.
  • You may need to learn new things and there are many people that really enjoy learning new things. They will feel like they are getting skills that they can use in the future as well as just enjoying the fun of learning.
  • You may be able to move to a company that is closer to where you live and so reduce your communing time. This can be great as you will spend less money on fuel, waste less time travelling and have more pay.

Disadvantages

  • For some people changing jobs can be stressful. They may find it difficult to meet a new group of people and to try to get to know them and just settle into a new routine and way of doing things.
  • The job could be stressful in that you may have different challenges to the ones that you had before and this might not be good. You may find it is not worth the extra money.
  • It could be that you will be expected to work extra hours as a result of having more pay and so you could end up being in work for longer. You may miss being at home with family or having so much time for hobbies and wish that you had a lower paid job so that you could do this.
  • You may even find that you take on a new job and then discover that it isn’t as well paid as you thought. Sometimes it can be complicated to work out the bonus scheme or things like this and so you may assume that you will be better paid when in fact you are actually not better paid. IT is well worth really carefully calculating this as benefits could make a significant difference to how much your take home pay equivalent is.

So, although a new job could be a good way to get more money, it is wise to make sure that you are completely aware of the advantages and disadvantages. It can be a gamble and you need to be sure that it will work out well for you. Ensure that you check carefully to make sure that you know that you will get more pay before you take on a new job and also make sure that it is worth doing as the extra money may not be worth it if it is more stressful, difficult or has longer hours than before.

Should I Bother with Insurance?

Insurance is expensive and it is a good idea to think hard about whether you are getting good value for money and you might even be tempted to think about whether you should even bother with insurance at all. It is worth thinking about the pros and cons to decide if it is worthwhile.

Risk of not being Insured

It is good to think about the alternative to insurance. If you do not have something insured, what is the risk that you are taking. For example, if you do not have your contents insured, then if they are stolen, you will have to pay to replace them yourself. This can be expensive and you may feel that you will not be able to afford it and you want to be able to claim on insurance for it. However, you may not have many valuable possessions and you may feel that you are happy to take the risk because you will be able to afford to replace the main things without too much of a struggle. Different insurances will obviously cover different things and it is worth getting quotes and thinking about whether it is worth the risk of going without or not.

Legal Requirements

With some insurance there is a legal requirement to have it. In the UK this applies to car insurance where you have to have at least third party cover. This insurance cover will ensure that the costs of any damage that you cause as a driver is paid for. However, you can opt to have more than the basic cover but this will cost you more money and you will need to decide whether you want to cover the cost of repairing your vehicle and other extras or just the basics.

Contractual Obligations

There are some cases where you have to take insurance. This can mainly be when you take out a mortgage. You have to take out life insurance so that mortgage is paid off if you die. You also have to take out building’s insurance on the property. When you sign the mortgage agreement you will also sign an agreement to this as well.

Making Insurance Better Value

If you decide that you do want to take out insurance, whether because you have to or because you want to, then you should make sure that you are not paying more than necessary for it. There are lots of things that you can do to check this.

  • Use a comparison website – comparing costs is really important. Just go to a comparison website and find out what different insurers are charging. You may not want to pay the minimum, which is understandable, but it is good to check and see whether it looks like you are paying considerably more than necessary or whether you are paying a reasonable amount. Some people do this search yearly so they ensure that they are never paying too much.
  • Check what is covered – it is well worth checking what you are covered with for the insurance. This is because you may find that you are covered for more things than you thought you were. It may be that you do not think that some of the things are necessary. Some insurances have some flexibility where you are able to remove some parts of the policy so that you can only pay for what you actually will need.
  • Consider increasing excess – the excess is the amount that an insurer will make us pay before they pay out. They put these in to stop us making small claims. There is often an option for making the excess bigger which will reduce the cost of the premium and you need to decide whether this is something that you want to try out.