September 2021 is just around the corner and the new 71 plate will be hitting our dealerships very soon. You might be thinking you want to treat yourself to a new car this year but you’ve heard so many rumours telling you it’s a bad idea.
If you have worries about whether choosing a brand new car is the right option for you, we’ve put together this myth busting guide on why choosing new might be the best option for you.
Myth 1: It’s so much more expensive!
Owning a brand new car is no longer seen as something only a privileged few have access to. With financial options such as Personal Contract Purchase (also known as Agility at Mercedes-Benz South West) and Hire Purchase growing in popularity, the idea of buying a brand new car seems much more achievable.
Personal Contract Purchase allows you to put down a lower deposit and lower monthly payments with an Optional Purchase Payment at the end of your contract making it simple to plan your finance. Similarly, Hire Purchase is a straight forward and affordable route to ownership which requires you to choose a deposit that suits you and make fixed monthly payments until your vehicle’s value is repaid.
You can find a full breakdown of our payment options here.
Myth 2: Cash buying will get you a better deal
This is an unlikely scenario. Being a cash buyer will only be beneficial if there is an offer available exclusively to those paying for their vehicle outright. As you won’t be paying any interest as a cash buyer, you would save in the long run but it won’t be of benefit when negotiating for your new car.
Myth 3: New vehicles depreciate instantly
Yes, new cars will lose some value when they drive off the forecourt but there are many other factors that should be taken into account. It is often how an owner decides to use their car that minimises depreciation.
Things to consider are:
- Keeping your mileage down
- Servicing the car properly and keeping a record
- Avoid any modifications
- Look after the general condition
Myth 4: It’s best to buy at the end of the month
It is understandable why consumers might think this is the best time to negotiate a good deal when buying a new car. That one car sale might be the one that pushes the sales person over their target for the month. In reality, this isn’t the case at all. Sales quotas might have already been met and stock levels might be at a good number so trying to haggle would be a waste of time. You can visit our showrooms at the beginning, middle or end of the month and will always receive great service from our sales teams.
Myth 5: Leave out you’re planning to part exchange to get a better deal
More than anything, not mentioning you plan on trading your old car in will just slow down getting the keys to your new car. It’s best to be upfront if you are planning to sell your car to the dealership that way we can value your trade in, get your quote together and organise your part exchange all in good time for you to drive off with your new vehicle.