How to Afford Your New Car

By Andrew Regan

Does this sound familiar? You've been thinking about getting a new car for ages but you've never quite got round to taking the plunge. There are always other things that need to be paid for - every day bills, that summer holiday you've booked, and even some new clothes to keep up appearances in your job.

If you're in this situation right now then it might be time to sit down and create a plan of action to help you turn that new car into a reality. Block off a few hours where you won't be disturbed, grab a pen and a notepad and use the following steps to get you closer to your goal.

The first area to look at is your household bills. You can often save a lot of money here. Make a note of what you currently pay and go online to do a price check to see how much you could reduce your payments by if you swapped companies. Keep this saving in mind as it can be put towards paying for your new car. The same applies to any credit card bills you have. If you don't pay the balance in full every month you could be paying a fortune in interest. Move the balance to an interest free card and you'll free up another sum of money to fund the purchase of your next car.

You can also approach the issue of finding the money for a new car from another angle. There are plenty of excellent value car finance deals on the market which will enable you to get your next car much sooner than you think. If you combine a good car finance option with the money saving tips mentioned above you will probably find your monthly payments can be met with the money you've saved.

You can also save money quite easily by shopping around for your car insurance. If you can get an idea in advance of the type of car you want to buy, you'll be able to get rough quotes to go on when you're figuring out what your outgoings are likely to be on your new vehicle each month. In this sense the repayments on your car finance agreement won't be the only thing to consider. You could find that by changing the type of car you buy and reducing your insurance payments (and perhaps even paying less in road tax) you could afford a newer car than you'd otherwise be able to.

In short, whatever financial situation you are in it's more than possible to buy a new car if you take the time to work things out in your favour. All you need is perseverance, the right information and the best finance quotes you can find.

Andrew Regan is an online, freelance author from Scotland. He is a keen rugby player and enjoys traveling.

http://www.acfcarfinance.co.uk