Family Cars on a Budget: Smart Ways Mums Can Save on Their Next Vehicle

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Given the multitude of tasks that mums around the world accomplish daily, the need for a family car is as essential as ever. Whether it's the school run, supermarket sweep, or trips to the park, a reliable vehicle is crucial. However, we understand that affordability can be a big concern when considering a family car. Therefore, this article aims to shed some light on smart strategies that mums can implement to save on their next vehicle purchase.

man, woman and child in a car. man is driving

Look at Insurance Groups

One of the smart ways to save on your next family car is by looking for car models in insurance group 5 or lower. Insurance groups are determined based on many factors, including the cost of repairs, parts prices, and the car's performance. Insurance group 5 includes cars that are both affordable and cheap to insure. By choosing a car in this group, you not only save on the purchase price but also on yearly insurance premiums.

Energy Efficient Vehicles

Fuel-efficient cars can also be a huge saving grace. Vehicles with high fuel efficiency can help reduce the monthly fuel expenses, leading to substantial savings in the long run. Look out for cars with excellent miles per gallon (MPG) figures and lean towards diesel engines or hybrid and electric vehicles if possible. The initial purchase cost may be slightly higher, but the savings on fuel costs over time can make it worthwhile.

Avoid High-End Extras

While car extras and upgrades can seem luxurious and tempting, they often add a substantial amount to the overall cost of the vehicle and offer little in terms of practical value. Examples include high-end navigation systems, upgraded sound systems, and luxury trims. If these extras are not essential for your family's needs, it's usually a good idea to skip them and save that money.

Consider Buying Used Cars

Buying a brand-new car can be tempting, but considering the rapid rate of depreciation, it's often a smart choice to opt for a used car. Many used cars are still in excellent condition and come with a lower price tag. Additionally, consider purchasing used cars from certified dealerships as they usually offer warranties and have strict criteria for vehicle inspection.

Leasing Instead of Buying

Another option for mums on a budget to explore is leasing. This alternative is a good choice if you're yearning for a new car but don't want the financial obligation of buying one outright. Leasing often involves lower monthly costs compared to financing to buy, meaning you could afford a vehicle you otherwise may not have been able to. Bear in mind, though, that there might be limits on annual mileage, and you’ll need to keep the car in good condition to avoid end-of-lease charges.

Skilful Negotiation

Once you've selected your choice of vehicle, being skilful in negotiation is the key to shave off some pounds from your purchase. Whether you're buying from an individual or a dealership, it’s worth doing some research beforehand to know the vehicle's fair market value and be aware of the tricks that sellers may use.

man, woman and child in a car. woman is securing the car seat in the back of the car

Opt for Low-Cost Maintenance Models

Last but not least, consider the maintenance cost of the car model you intend to buy. Some cars cost notably less to maintain than others due to more affordable and readily available parts. Before purchasing, research the average maintenance costs for the model you’re considering and factor it into your decision-making process.

In conclusion, there's no need to break the bank to secure a family car that caters to your needs. By considering options like car models in insurance group 5, energy-efficient vehicles, avoiding high-end extras, opting for used cars or leasing, negotiating skilfully and choosing low maintenance models, mums can save significantly on their next family vehicle. Remember, it's always about finding the best value for money and not necessarily the cheapest option. Take your time, do your research, and find the best car for your family that fits your budget.