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Best car for your lifestyle needs

After your home, your car is easily one of the biggest financial commitments you can make so it’s understandable that you may find the car buying process overwhelming.

Fortunately, if you do your research you can remove most of the stress from the experience.

One of the biggest factors to consider when choosing a vehicle is your lifestyle as it will help determine your needs and the budget you should stick to when shopping. The good news is there’s enough competition in the market today to find a car to suit almost any need and budget.

Know your budget

Setting a budget from the outset means you are less likely to spend more than you can afford. The car market has become increasingly competitive, which means even though you might have a specific make and model in mind, chances are you can find a comparable car from another manufacturer that will cost you less.

When setting a budget, not only do you need to factor in the costs associated with buying the vehicle, you should also consider the ongoing costs of keeping it on the road. Anticipate how much you will need to spend on insurance, registration, fuel and servicing before you make your decision. Of course, your life stage should also influence your budget. For example, a young family is likely to have a different set of priorities and disposable income than a retiree.

What are your overall needs?

The size of vehicle you choose to buy will vary depending on the number of passengers you plan to carry. Consider whether you need: two or four doors; a hatchback; a coupe; a sedan; a van; a ute or a 4WD. Ask yourself: do you need to carry as little as four or as many as seven passengers? Do you need more boot space and extra seats for your growing family?

You should be aware that vehicle and engine size may impact the fuel efficiency of the vehicle, so it’s something to keep in mind in terms of your overall budget.

Have a clear idea which features you’re not willing to compromise on. For example, are speed and power the most important to you? Or, do you value safety above all else? You may want to consider surround or reverse cameras, and driver assist systems. It’s important you know this as it will help you narrow down your options when shopping and empower you to negotiate with car dealers.

Driving style

The type of driving you plan to do is another important consideration. Ask yourself: will you be commuting to work every day? Or do you simply need a vehicle to get around on the weekend? Do you live in a metropolitan or regional area? What type of surface will you be driving on?
If you are concerned about the impact driving has on the environment, you may want to consider opting for a hybrid or electric car.

Do you need more help?

At Mortgage Choice, we know you lead a busy life, which is why we offer a car buying service. We search a national network of car dealers to get you the best deal, then deliver the car to your door. If you prefer to do the shopping yourself, no problem! We are here to help you finance the purchase when you’re ready to buy. We compare loans from over 20 different lenders to find you one to suit your needs.

If you need help with financing or would like more information about the car buying process, get in touch with your local Mortgage Choice broker today.

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