The Ford Puma is a modern and stylish compact crossover designed for urban and city driving. It’s not to be confused with the original Ford Puma, a sporty compact coupe produced in the late 1990s and early 2000s. The new Ford Puma boasts a fresh design, efficient engines, and a range of tech features, making it a popular choice for those seeking a practical and stylish urban vehicle.
Some key highlights of the new Ford Puma include:
Design: The Puma features a contemporary exterior design with a prominent front grille and sleek lines, giving it a distinctive and eye-catching appearance.
Compact Size: It’s designed to be a compact crossover, making it well-suited for navigating through crowded city streets and fitting into tight parking spaces.
Engine Options: The Puma offers a selection of engine options, including fuel-efficient Eco Boost petrol engines. Some models may even feature mild-hybrid technology for improved fuel economy.
Interior Comfort: The interior is well-designed with comfortable seats, a user-friendly infotainment system, and a focus on providing a pleasant driving experience for both the driver and passengers.
Practicality: Despite its compact size, the Puma is known for its decent cargo space and versatile rear seat design, making it suitable for small families and those with active lifestyles.
Technology: The Puma is equipped with modern tech features, including Ford’s SYNC infotainment system, smartphone integration, and advanced safety features like adaptive cruise control and lane-keeping assist.
Handling: One of the notable aspects of the Puma is its agile and responsive handling, which makes it enjoyable to drive, especially in urban environments.
Fuel Efficiency: Ford has positioned the Puma as a fuel-efficient vehicle, which can help reduce fuel costs and environmental impact.
Competitive Pricing: The pricing of the Ford Puma is competitive within its segment, making it an attractive option for budget-conscious buyers.
Please keep in mind that specific features, engine options, and technology may vary depending on the trim level and the model year of the Ford Puma. For the most up-to-date information on the new Ford Puma, I recommend visiting the official Ford website or contacting a Ford dealership.
The automotive world is constantly evolving, and the 2023 Hyundai Tucson is a prime example of how a carmaker can keep up with the changing landscape. The Tucson, a mainstay in the compact SUV segment, has undergone a significant transformation that not only raises the bar for its own brand but also competes admirably in a fiercely contested market.
Exterior Design: A Bold Departure
The first thing that grabs your attention is the Tucson’s distinctive exterior design. With its parametric grille, sharp lines, and a mesmerizing light signature, it’s unlike anything you’ve seen from Hyundai before. Some may find the design a bit polarizing, but it undoubtedly exudes modernity and originality.
Interior Comfort and Quality
Step inside the Tucson, and you’ll find a well-crafted and spacious interior. The cabin is impressively quiet, thanks to thoughtful sound insulation, making it a serene environment for both driver and passengers. The quality of materials used, including soft-touch surfaces and available leather upholstery, lends an air of luxury to this compact SUV.
Seating comfort is excellent in both the front and rear, and rear passengers will appreciate the ample legroom. The panoramic sunroof option adds to the sense of spaciousness and lets in plenty of natural light.
Technology and Infotainment
Hyundai has upped the ante when it comes to technology. The 2023 Tucson boasts a large, easy-to-use touchscreen infotainment system. Apple Car Play and Android Auto compatibility come standard, making it effortless to integrate your smartphone. The available 10.25-inch touchscreen is responsive, and the user interface is intuitive.
Safety features are abundant, with adaptive cruise control, blind-spot monitoring, and lane-keeping assist, to name a few. The 360-degree camera system aids parking and manoeuvring in tight spaces. These features make the Tucson a family-friendly and safe choice.
Performance and Efficiency
The 2023 Tucson offers a variety of engine options, including gas and hybrid powertrains. The base 2.5-liter four-cylinder engine provides adequate power for daily driving, while the available turbocharged 1.6-liter engine adds a bit more zest, especially on the highway. The hybrid version is an appealing choice for eco-conscious consumers, providing excellent fuel efficiency.
The ride quality is comfortable, absorbing road imperfections with ease. Handling is precise, and the Tucson feels stable and composed through corners. It’s not a performance-oriented vehicle, but it strikes a fine balance between comfort and agility.
Conclusion: A Bold and Impressive Choice
The 2023 Hyundai Tucson is a game-changer in the compact SUV segment. With its daring design, comfortable and high-quality interior, advanced technology, and a range of efficient powertrains, it’s a well-rounded package. Hyundai has clearly pushed the envelope, and the Tucson now stands shoulder-to-shoulder with some of the best offerings in its class.
If you’re in the market for a compact SUV that doesn’t compromise on style, comfort, or features, the 2023 Tucson should be at the top of your list. It’s a bold and impressive choice that showcases Hyundai’s commitment to delivering value, quality, and innovation to its customers.
The MOT, short for Ministry of Transport examination, plays a vital role in maintaining a minimum standard of roadworthiness for vehicles on the United Kingdom’s roadways. Originally established in 1960, it has since become an integral aspect of owning and looking after a vehicle in the UK. So, what precisely is an MOT, and why is it necessary? Let’s explore these questions.
What is an MOT?
An MOT, which stands for Ministry of Transport, represents a test designed by the government department responsible for its inception, the Ministry of Transport. The MOT examination assesses a vehicle’s safety, encompassing aspects such as its roadworthiness and exhaust emissions. It also ensures that specific vehicle components meet the legal standards. In the United Kingdom, it is a legal requirement for all vehicles aged three years or older to undergo an annual MOT test.
What does an MOT check for?
The MOT test is a comprehensive evaluation that encompasses various critical aspects of a vehicle. This examination covers:
The overall body and structure of the vehicle
Inspection of tow bars if applicable
Evaluation of the fuel system
Assessment of exhaust emissions
Examination of the exhaust system
Verification of seatbelt functionality
Inspection of seats
Examination of doors
Verification of mirrors
Assessment of load security
Inspection of the braking system
Examination of tires and wheels
Verification of registration plates
Assessment of lighting systems
Inspection of the bonnet
Evaluation of wipers and washers
Examination of the windscreen
Verification of the horn
Inspection of steering and suspension
Confirmation of the Vehicle Identification Number (VIN)
Assessment of electrical components
It’s essential to understand that while the MOT test is thorough, it does not inspect every element of your vehicle. Certain components, such as the engine, clutch, or gearbox, are not examined for damage or wear and tear. Therefore, the MOT should not be viewed as a replacement for your car’s regular service. You should still schedule an annual service to assess your vehicle’s overall mechanical condition.
After the MOT test, the test centre provides a detailed report explaining what your vehicle was examined for, how it was inspected, and any reasons for potential failures. If your vehicle passes the MOT, you will receive a certificate confirming its roadworthiness.
What is the typical duration of the MOT test?
Typically, an MOT test takes around 45 minutes to an hour. However, if your vehicle requires any extra repairs or adjustments, your wait time may be extended. It’s advisable to allocate a full day for your car’s availability, just in case it necessitates additional work.
How much should an MOT cost me?
While you’ve probably come across garages promoting ‘special offer’ MOT deals, it’s important to note that, according to the law, the maximum allowable charge for an MOT is £54.85. As is the case with many purchases, it’s wise to explore different options to ensure you’re getting a fair price.
If your car does not pass its MOT, you have the option to schedule a partial retest at the same testing center, which is often provided at no cost or a reduced fee. To qualify, the retest must be conducted within 10 working days.
If my car fails its MOT, am I able to drive it away?
If your vehicle does not pass the MOT inspection, and its certificate has expired, you won’t be allowed to drive it away from the garage as usual. However, if your car’s certificate is still valid (within the expiration date on your test certificate) and it does not have any ‘dangerous’ defects noted, you can drive it away.
In the latter scenario, leaving the test centre without addressing the issues could result in significant consequences, including a potential fine of up to £2,500 if caught, along with the imposition of three penalty points on your driver’s license and the possibility of a driving ban.
To resolve these issues, you will need to get the necessary repairs and have the car retested. If it passes the retest, you will then be permitted to drive the vehicle.
Are any cars exempt from needing an MOT?
A limited set of vehicles are exempt from the requirement to undergo an MOT for legal road use. This exemption encompasses electric-powered goods vehicles registered before March 1, 2015, as well as classic cars that were manufactured or initially registered over 40 years ago.
What makes an MOT fail?
According to the Society of Motor Manufacturers and Traders (SMMT), approximately 1.5 million vehicles in the UK fail their MOT each year. While the sheer number of vehicle failures may appear astonishing, it’s worth noting that an MOT failure can result from rather minor issues. These issues can be as simple as a malfunctioning light bulb, worn tire treads, or an empty windscreen washer reservoir. The range of factors that can lead to an MOT failure is surprisingly broad. Here are some of the most prevalent reasons:
Malfunctioning or broken lights.
Problems with the car’s suspension.
Worn brake discs and pads.
Damaged or worn tires.
Many of the issues that cause vehicles to fail their MOT can be easily prevented by conducting regular vehicle checks and ensuring that your car is well-maintained through regular servicing. This proactive approach can help you avoid unnecessary MOT failures and ensure the safety and roadworthiness of your vehicle.
What do you need for an MOT test?
Before heading to an MOT test, there are certain documents and items you should have at hand. If you’re taking your vehicle for its initial MOT, make sure to bring your vehicle log book, commonly referred to as a V5C. For cars that have previously undergone one or more MOTs, it’s generally a good practice to carry your most recent MOT certificate. Some MOT test centers might also request additional documentation such as your driver’s license, proof of address, and your car’s service history. Having these documents ready can help ensure a smooth and efficient MOT testing process.
Can you drive without an MOT?
If your car has surpassed the three-year mark and lacks a current MOT, it’s important to understand that driving the vehicle in such a condition is against the law. Contrary to what many drivers might assume, there is no leniency or grace period that permits you to continue driving your car while awaiting repairs if it fails the MOT. Instead, you are obligated to address the issues promptly if you intend to use the vehicle again.
Moreover, you won’t be able to renew your road tax without a valid MOT. In essence, there’s no way to avoid this requirement, and driving with an expired MOT puts you at risk of facing a substantial fine. It’s crucial to adhere to the legal requirements and ensure your vehicle is roadworthy by obtaining a valid MOT before driving it.
If you have any further questions in relation to MOT’s you can email us directly at info@motorly.co.uk
Introduction: Passing your MOT (Ministry of Transport) examination is a crucial requirement for keeping your vehicle legally on the road. To enhance your chances of a successful MOT test, you can take a series of important steps. In this blog, we’ll guide you through 10 key areas of your vehicle to inspect and maintain.
By following these steps, you’ll not only increase your MOT pass rate but also contribute to overall road safety.
Comprehensive Light Inspection: Your vehicle’s lighting systems are a common source of MOT test failures. To start, check your headlights, fog lights, indicators, and hazard lights to ensure they’re working correctly. Verify that your brake lights function as well. Remember to replace any broken bulbs and adhere to colour requirements (white for headlights, red for brake lights).
Tire Tread Depth Verification: Regularly monitor your tire tread depth to maintain road safety. If the tread depth falls below the legal minimum of 1.6mm, your tires are unsafe and illegal for road use. Consult your vehicle’s manual for guidance on checking tread depth.
Checking Tyre Condition: In addition to tread depth, assess the overall condition of your tires. Look for cracks, cuts, lumps, or bulges on the sidewalls. Any damage could lead to an MOT test failure. If you spot such issues, consult a tire specialist promptly.
Windscreen Assessment: A clear and unobstructed view of the road is vital for road safety. Ensure your windscreen is free from damage exceeding specified limits. Smaller damages might be repairable, but larger ones will require replacement.
Careful Examination of Wipers and Washers: Properly functioning windscreen wipers and washers are essential for a clear view of the road. Ensure they are in good working order and top up the screen wash. These seemingly minor elements significantly impact road visibility.
Thorough Brake Inspection: Brakes are paramount for safety. If you notice any issues with brake performance, strange noises, or pulling to one side when braking, have your brakes inspected promptly. Check brake fluid levels and top up if necessary.
Seat Belt Evaluation: Examine all seat belts for damage, ensuring they resist force as expected and lock securely. The safety of all occupants depends on properly functioning seat belts.
Registration Plate Inspection: Both front and rear registration plates must be in good condition and legible. Ensure custom plates comply with guidelines and that the VIN is displayed and readable, meeting legal requirements for identification.
Mirrors: Inspect your wing mirrors and rear-view mirror for damage and proper functionality. Clean them to ensure a clear view, contributing to road safety.
Vehicle Body Assessment and Cleanliness: A well-maintained vehicle body, free from sharp edges, is essential for road safety. While cleanliness isn’t a direct factor in the MOT test, presenting a clean vehicle can make a positive impression and set the right tone for your examination.
Conclusion: By following these 10 essential steps to enhance your MOT pass success rate, you’ll not only improve your chances of passing the MOT test but also contribute to road safety. Remember that regular vehicle maintenance and careful inspections can keep you and others safe on the road while helping you avoid the stress of an MOT test failure.
The automotive industry is constantly evolving, with new models and trends emerging each year.
In 2023, we’ve witnessed some surprising shifts in the list of best-selling cars.
As we bid farewell to old favourites and welcome the rise of new contenders, let’s delve into the top 10 cars of 2023 and explore why they’ve captured the hearts of drivers across the UK.
1. Ford Fiesta
The Ford Fiesta, a beloved compact car, has come to the end of its production journey in June. Despite this, it has managed to retain its place in the top 10 best-selling cars of 2023. Renowned for its exceptional handling, user-friendliness, and all-around brilliance, the Fiesta has left a lasting impression on car enthusiasts. It’s a bittersweet farewell to this iconic model.
2. Mini
In a market saturated with SUVs and crossovers, the Mini proves that the classic hatchback still has its charm. With a diverse engine lineup and a unique interior design, the Mini stands out from the crowd. While it may not offer ample cargo space, it certainly catches the eye with its distinctive Union Jack brake lights.
3. Vauxhall Mokka
The Vauxhall Mokka has undergone a significant transformation, sporting a sharp and modern look, a far cry from its original design back in 2012. The second-generation Mokka boasts distinctive aesthetics, an abundance of features, and an electric variant fittingly named the “Mokka Electric.”
4. Nissan Juke
The Nissan Juke, recognized for its distinctive appearance, may not be the most thrilling to drive. However, its simplicity behind the wheel and spacious interior make it a practical choice for many. Starting at accessible prices, including hybrid options, it caters to those with tightened purse strings.
5. Hyundai Tucson
The Hyundai Tucson stands out with its unmistakable front headlight signature. While its design may not appeal to everyone, its spacious interior, excellent driving dynamics, and advanced technology have won over thousands of drivers.
6. Kia Sportage
Kia, a South Korean automaker, has emerged as a major player in the automotive industry, offering affordable and high-quality vehicles, including the Sportage. Don’t be fooled by the badge; it’s unmistakably “KIA” and not “KN.”
7. Tesla Model Y
The Tesla Model Y shines as a complete package, with outstanding performance, a competitive all-electric range, and the support of Tesla’s Supercharger network for convenient long-distance travel. However, it does come with a somewhat bumpy ride and a design that’s open to interpretation.
8. Vauxhall Corsa
Despite the growing popularity of crossovers and SUVs, the Vauxhall Corsa continues to stand its ground in the supermini segment. While it offers a decent look and meets many criteria, its interior may seem somewhat outdated. It’s worth noting that this model shares its platform with Peugeot, so originality isn’t its strong suit.
9. Nissan Qashqai
Leading the pack in the SUV and crossover category, the Nissan Qashqai secures the second position in the list. As one of the pioneers of the genre, the Qashqai, now in its third generation, boasts simplicity in driving and the trust of the Nissan brand. However, its ride quality is somewhat on the stiff side.
10. Ford Puma
While the Ford Fiesta has reached the end of its journey, the Ford Puma continues to thrive. This is excellent news because the Puma inherits many of the handling characteristics that made the Fiesta beloved. Additionally, it’s a crossover, making it even more appealing to a broader audience. For enthusiasts, there’s even an ST version available.
In 2023, the automotive landscape is marked by the transformation of old classics and the rise of new stars. These top 10 cars reflect the evolving preferences of drivers, showcasing a diverse range of vehicles catering to various needs and tastes. As we look to the future, we can anticipate more exciting developments and innovations in the world of automobiles.
Motorly Car Finance is your gateway to affordable and convenient vehicle financing solutions in the United Kingdom.
With a commitment to making the car-buying process hassle-free and accessible to a wide range of customers, we offer a unique blend of flexibility and inclusivity.
Whether you’re a seasoned driver looking for a new set of wheels or a first-time car buyer eager to hit the road, Motorly Car Finance provides the means to turn your automotive dreams into reality.
Our application criteria is as per below;
Full UK Driving Licence: To be eligible for car finance through Motorly, you typically need to hold a full UK driving licence.
Full Time Employed: Applicants are generally required to be full-time employed. This indicates that you need to have a stable source of income from a job.
Minimum Income of £1200 per Month: There is a minimum income requirement of £1,200 per month. You should have a regular income that meets or exceeds this threshold to be considered for car finance.
3 Years UK Address History: Having a stable address history in the UK for at least three years is typically a requirement. This demonstrates stability and a degree of financial reliability.
Over the Age of 18: Applicants must be at least 18 years old. This is a legal requirement for entering into financial agreements.
UK Bank Account: You need to have a UK bank account. This is likely for the purpose of making monthly payments and processing financial transactions.
No Deposit Options: Motorly offers car finance options without requiring a deposit, which can be advantageous for those who don’t have a large sum of money to put down upfront.
Flexible Payment Terms from 24 to 60 Months: Borrowers have the flexibility to choose their payment terms, ranging from 24 to 60 months. This allows you to tailor the repayment schedule to your financial situation.
Multiple Lending Partners: Motorly works with multiple lending partners, which can increase the chances of finding a suitable financing option for your needs and credit profile.
IVA/CCJ Customers Are Welcome to Apply: Motorly may consider applications from customers who have previously experienced financial difficulties, such as individuals with Individual Voluntary Arrangements (IVAs) or County Court Judgments (CCJs). If you are currently in an IVA agreement you can be approved for finance with us.
Choose from Any Dealership in the UK: You have the freedom to choose your vehicle from any dealership in the UK, giving you a wide range of options.
Keep in mind that specific lenders or dealerships may have additional requirements or criteria that you need to meet. It’s important to carefully review the terms and conditions of any car finance agreement and ensure that you fully understand the terms before proceeding.
When it comes to buying a car, securing a car loan or financing plan is typically a critical step.
Dealerships often offer their own financing options, but before you readily embrace dealership financing, it’s essential to understand why it might not be the best choice.
In this blog, we will delve into the downsides of dealership financing and explore alternative avenues that can provide better value, flexibility, and savings.
Potentially Elevated Interest Rates
Dealership financing often accompanies higher interest rates compared to what other lenders offer. Dealerships typically markup the interest rates, from what they receive from the actual lender. This markup can result in higher overall interest expenses over the loan’s duration. By exploring alternative financing sources, you could come across more attractive interest rates that ultimately save you money.
Pressure Sales Tactics Dealerships have a vested interest in selling cars, and they may employ pressure sales tactics to encourage customers to opt for dealership financing. This might include seemingly irresistible deals contingent on choosing dealership financing. While it’s essential to be aware of these tactics, remember that you have the right to explore other financing options and should never feel coerced into making an immediate decision.
Limited Choices One significant drawback of dealership financing is the restricted range of options it presents. Dealerships usually collaborate with a handful of preferred lenders, which means your access to the most favorable loan terms, competitive interest rates, or customizable repayment plans might be limited. Essentially, you are constrained by the financing choices the dealership provides, which may not align with your unique financial situation and preferences.
Lack of Transparency
Dealing with dealership finance, transactions can sometimes be less transparent. When dealing with other lenders, especially reputable banks and credit unions, you are more likely to receive clear and transparent loan agreements, facilitating a better understanding of the terms and conditions involved.
Limited Flexibility
Dealership finance plans can be less flexible than loans from other lenders. You might find yourself locked into a specific repayment schedule or facing penalties when attempting to modify your loan terms. This lack of flexibility can be problematic if your financial situation undergoes changes necessitating adjustments to your payment plan.
Missed Opportunities for Discounts and Incentives
Opting for dealership financing may cause you to forfeit manufacturer incentives, rebates, or discounts available when financing through a bank or credit union. These savings can accumulate significantly and significantly impact the overall cost of your car purchase.
Impact on Price Negotiations
Choosing dealership financing can sometimes hinder your ability to negotiate the car’s purchase price. Dealerships may be less inclined to negotiate on the vehicle’s price if they believe they can make up the difference through financing terms.
In conclusion, while dealership finance may seem convenient, it often comes with limitations and potential drawbacks that can cost you more in the long run. Exploring alternative financing options can save you money, provide more flexibility, and allow you to make a more informed decision that aligns with your financial situation and goals. Remember that it’s crucial to research and compare different lenders, loan terms, and interest rates to find the best car financing solution for your needs.
If you’re seeking a car finance solution that offers greater flexibility, competitive rates, and a transparent, customer-centric approach, we encourage you to consider Motorly Car Finance.
Our commitment to providing tailored financing solutions that align with your individual financial circumstances sets us apart from the dealership’s one-size-fits-all approach.
At Motorly Car Finance, we pride ourselves on offering a wide range of financing options, access to competitive interest rates, and a straightforward, transparent application process. By choosing us, you’re not just obtaining a car loan; you’re gaining a financial partner dedicated to helping you make the best possible car purchase decision.
Why settle for limited options and potentially higher costs when you can explore a world of financial possibilities with Motorly Car Finance?
Take the first step toward securing a car financing solution that truly works for you.
Visit our website today or contact our experienced team for a personalised quote tailored to your needs.
Your dream car is closer than you think, and with Motorly Car Finance, you’ll be on the road to a brighter, more affordable future.
Dreaming of a new car? Whether it’s that sleek sports car you’ve always wanted or a reliable family vehicle, obtaining a car loan can be a crucial step toward making your automotive dreams a reality. However, before you hit the dealership, it’s essential to understand the art of building car loan eligibility to maximize your chances of approval. In this blog, we’ll walk you through some practical steps to boost your approval chances and secure the car of your dreams.
Check Your Credit Score
One of the first things a lender will look at when considering your car loan application is your credit score. A good credit score demonstrates your ability to manage debt responsibly. Before applying for a car loan, obtain a copy of your credit report and check for any errors. If you find inaccuracies, dispute them immediately. Additionally, work on improving your credit score by paying bills on time, reducing credit card balances, and avoiding new debt.
Determine Your Budget
Knowing your budget is essential when seeking car loan eligibility. Lenders will want to ensure that you can comfortably repay the loan, so calculate your monthly expenses, income, and any other outstanding debts. Use online calculators to estimate how much you can afford as a monthly car payment without straining your finances. Being realistic about your budget will not only increase your eligibility but also prevent financial stress down the road.
Save for a Deposit
A deposit is a significant factor that can influence your car loan eligibility. Lenders often prefer borrowers who can make a substantial down payment. Saving up for a deposit not only reduces the amount you need to borrow but also demonstrates your commitment to the purchase. A deposit of 10-20% is generally recommended to increase your chances of approval.
Shop Around for Lenders
Don’t settle for the first lender that comes your way. Shop around and compare offers from different banks, credit unions, and online lenders. Each lender may have different eligibility criteria and interest rates, so it pays to do your research. While doing so, try to complete your loan applications within a short period, as multiple credit inquiries within a short timeframe will typically be counted as a single inquiry, minimizing the impact on your credit score.
Consider a Guarantor
If you have a limited credit history or a low credit score, consider asking a trusted friend or family member with good credit to co-sign your car loan. A guarantor essentially vouches for your ability to repay the loan, making it easier for you to qualify for better loan terms and lower interest rates.
Choose the Right Car
The type of car you want to buy can also affect your car loan eligibility. Lenders may have restrictions on the age, mileage, and value of the vehicle you’re financing. Be sure to check with your lender to ensure the car you desire aligns with their lending criteria.
Conclusion
Building car loan eligibility is not a one-size-fits-all process. It involves a combination of factors such as credit score, budget, down payment, and lender selection. By taking the time to improve your credit, save for a down payment, and shop around for the right lender, you can significantly boost your chances of getting approved for a car loan with favourable terms. So, before you drive off into the sunset in your new car, invest some effort into these steps to make your dream car a reality while keeping your financial well-being in check.
Maximising the value of your old car when financing a new one through a trade-in involves careful planning, preparation, and negotiation.
Here are some tactics to help you get the best deal:
Research Your Car’s Value
Use online tools to estimate your car’s current market value. Be honest about your car’s condition, mileage, and any additional features.
Clean and Maintain Your Car
Before taking your car to the dealership, give it a thorough cleaning, both inside and out. Consider getting it professionally detailed.
Complete any overdue maintenance or minor repairs. A well-maintained car can command a higher price.
Gather Documentation
Assemble all relevant paperwork, including the vehicle’s title, service records, owner’s manual, and any warranties that may still be valid.
Consider Private Sale vs. Trade-In
While trading in your car at a dealership is convenient, selling it privately can often yield a higher price. Compare offers from dealerships to what you could get through a private sale to determine the best option.
Get Multiple Appraisals
Visit several dealerships to get trade-in appraisals. This will give you a range of offers to work with and help you identify the most competitive one.
Timing Matters
Try to time your trade-in when demand for your type of vehicle is high. Seasonal fluctuations, such as selling a convertible in the summer or an SUV in the winter, can impact the price you receive.
Negotiate Separately
When negotiating the trade-in value, keep it separate from the new car purchase. Dealerships often mix the two to obscure the trade-in value. Focus on getting the best trade-in deal first.
Be Prepared to Walk Away
Don’t feel pressured to accept the first offer you receive. If the dealer’s offer is too low, politely decline and consider other options.
Explore Trade-In Promotions
Dealerships often run promotions or incentives for trade-ins, such as bonus cash or special financing rates. Keep an eye out for these deals, as they can add value to your trade-in.
Negotiate the New Car Price Separately
Once you’ve secured a satisfactory trade-in value, negotiate the price of the new car separately. Don’t let the dealer confuse the two transactions.
To conclude, remember that dealerships are in the business of making a profit, so be prepared for some negotiation.
By following these tactics and being well-informed, you can maximise the value of your old car when financing a new one through a trade-in.
