My New Car Deal is completely free of any charge with no hidden charges so shoppers have nothing to loose by using the service.
There are many websites, which will give you a good idea of what your car may be worth, depending on how you're buying or selling it. However, many factors can influence the price, including:
Cars of similar ages can have vastly different levels of wear and tear; the overall condition will have a large influence on what you car is worth.
Features like sat nav; leather seats, style of alloy wheels, and panoramic sunroofs can improve the value.
Certain colours can be more desirable, depending on what’s in and what’s out of current fashion.
Typically, cars with more previous owners are worth less, especially if they lack documentation too.
Cars are worth more with a fully documented service history, especially if a manufacturers franchised dealer has carried out the servicing.
Tyre prices vary significantly depending on your model and can be expensive to replace, tread depths are therefore important as they may be close to legal limit.
Buyers often pay more for a long MOT.
Additions like body kits, spoilers and so on can increase or decrease the value depending on the quality and whether Manufacturer additional specification.
Some cars can become more desirable because there just isn’t as many of them around, overall desirability and rarity will increase the value.
Taking a little bit of time now to provide the information requested will significantly enhance your deal and make your overall experience more enjoyable.
MyNewCarDeal value your car based on your appraisal and information provided.
Valuations direct from MyNewCarDeal cut out the middlemen ensuring we offer the best price.
MyNewCarDeal do not provide system-generated valuations, unlike many of our competitors, as this can only to often lead to disappointment at a later stage when you can be chipped back on the initial price offered.
If you’re in the market for a car, your first decision is whether to buy a New, Nearly New, or Used. First of all, a few words to explain the main advantages and disadvantage of each.
A new car is where you are the first registered owner on the V5 registration document. The car will either be in dealer stock and available for immediate delivery, or will be a factory order which will be subject to lead time which the dealer will be able to advise at point of ordering. Depending on the current order bank this can sometimes be up to a few months.
Whilst it is common knowledge that a new car starts to depreciate as you take delivery it is fair to say there are still some significant advantages.
Buying new enables you to choose the car to your exact specification, whether its metallic paint, upholstery, panoramic roof, wheels, touch screen technology or the endless list of options available these days, buying new guarantees you get exactly what you want.
My New Car Deal classifies a nearly new car as cars up to 10,000 miles or up to 12 months old. These cars will already have a previous owner on the V5 registration document; however, many will still have delivery mileage, and can offer significant savings over new car. The car will be in dealer stock and available for immediate delivery with the remainder of the manufacturers warranty. Whilst maybe not to your exact specification the other advantages may sway towards this option.
My New Car Deal classifies a used car as cars over 10,000 miles or 12 months old. Most manufacturers now operate an “Approved Used” program where the dealer has to sell the car within parameters of the program set by the manufacturer. These programs can differ greatly so it is important to ensure you know exactly what is on offer. Cars sold on this type of program may look a bit more expensive initially however it will include a minimum 12 months comprehensive warranty and the overall package will offer additional peace of mind if buying a slightly older car.
Deciding how to pay will depend largely on what car you are buying and the finance offers available.
Personal Contract Purchase (PCP) is very much flavor of the month with about 80% of new cars sold in the UK now being financed via PCP.
The success of PCP has been driven by the fact that it allows you to take out finance not on the full value of the car, but on its predicted depreciation over a predetermined period of time. This is obviously a far smaller figure, meaning monthly repayments are reduced, which in turn allows you to shop for cars that otherwise you might not have been able to afford.
Throw in the fact that you can also change to a brand new car every two or three years, and it’s easy to see why the majority of new cars sold in the UK are bought using PCP. However, be very careful of excess mileage charges for exceeding your contracted mileage limit, and ensure you are being offered a competitive APR rate.
That’s not to say you shouldn’t also consider buying outright if you have the funds to do so, or consider other types of finance such as a personal car loan, or hire purchase. Don’t simply opt for the finance deal that the dealer is offering. Personal loan rates are at historically low levels – so it’s worth investigating and if you want to keep the car at the end of the finance term, HP is still worth considering, as there’s no limit on the miles you can drive and no other hidden fees.
The main thing is that you should understand the advantages and drawbacks of each option and choose the one which best meets your personal circumstances.
If you are buying a nearly new car it will come with the remainder of the manufacturers warranty or if you’re buying an approved used car, it will come with a manufacturer extended warranty similar to what was offered from the manufacturer when it was new.
It’s still worth reading the small print, particularly regarding wear and tear, maximum value of claim and how many claims you can make, but in general such warranties are at the more comprehensive end of the scale in terms of what they cover.
Most car dealers, including car supermarkets, will also offer a warranty, and may quite possibly encourage you to extend it as part of buying the car. However, as with finance, it’s always worth comparing this with an independently supplied warranty as shopping around can reveal cheaper policies that also offer superior cover.
When applying for any warranty quote, it’s important to accurately describe the make, model, age, and mileage of your car, because this will be what determines the price you’ll pay. In addition, you’ll need to pay very close attention to what the warranty cover. A cheaper policy might look appealing, but not if it’s hampered by a list of exclusions as long as your arm.
The minimum cover you would want to ensure is parts and labour costs for any failure of a major component, such as the engine, gearbox, or steering. However, you may find a component like the clutch fails and it’s deemed wear and tear? Some policies will cover you for this, while others won’t, so it’s vital to read the terms and conditions. Among the other points to consider is where the car needs to be serviced, if labour extends to main dealer hourly rates, the claim limit, and any excess that applies for each claim and the maximum value of each claim.
Prices for extended warranties can range from less than £200 to more than £700, depending on the car, what’s covered and the provider. It is basically an insurance policy and no different to car insurance, other than the fact it is not compulsory.
Whether or not you feel an extended warranty is worth the cost depends on the car you are buying and your attitude toward risk. On the whole, they are cost effective compared to say an extended warranty on white goods given the significantly higher capital cost.
If you’re spending at the top end of your budget, on an older car, then an extended warranty could be worth considering, providing it gives you the correct level of protection to meet your needs.