The Two Most Important Things When Buying A New Car

July 30th, 2024

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There are various things to think about when we want to buy a new car.  Most importantly, the thought of how much we can afford needs to be right up at the top of the list of things that we need to consider.  Here are a couple of the main points we should be pondering and committing to before we sign any dotted lines on the sales document.

What’s The Top Price?

Our budget and what we can afford needs to be the first point that we get clear in our minds.  Having a figure that we will stick to sets the price ceiling for us, and this is the figure we take with us around the car sales yards.  Any cars over our price ceiling can be omitted from our shortlist.  This makes the task even easier, so those vehicles up to the price ceiling are definitely the ones we can enjoy drooling over, learning about, test driving, and even buying as our next new vehicle. This is, of course, where Private Fleet can help you!

What’s The Purpose?

What are we wanting/needing the new vehicle for?  Is it because we need more space for a growing family?  Maybe we need a new vehicle because it will allow us to carry our elderly parents/in-laws about town or on vacations.  It could be that our trusty ute or van that we use for work has finally run its last race, and we need a replacement… fast.  Knowing our main purposes for the new vehicle gives us an indication of the type of vehicle and body style we should be looking at. 

What I mean is that it won’t be any good getting ourselves a new Toyota Camry hybrid sedan when we will need to take Buster – our large, long coated, and rather boisterous dog – to the local obedience class.  Especially not if Buster is accompanied by his brother.  A Skoda Ocatvia wagon, a Toyota RAV4, or a Honda CR-V SUV with huge rear boot space would much better to suit our needs – and Buster’s.  In this example, even a ute or 4×4 SUV might be the best option, particularly if you love heading down to the beach or heading away on an outdoor adventure in the Outback with Buster and the whole family.

Another example of a purchase fail is if you ended up with a light EV van when you also needed the vehicle to tow a trailer or to cover larger distances far from the urban boundary.  Towing really drains that battery quickly, and there’s nothing worse than being caught miles away from the nearest charging station.

Maybe we just need a solo commuter to get us across town to the office for work.  The distance to work takes us a total distance of 23 km per day, five days a week, and that’s all you want the new vehicle will do.  If this was the case, an EV or hybrid could easily make it onto the list of ideal vehicles.  In this case, these sorts of vehicles are ideal for keeping the cost of running right down and the emissions nice and low.  Something like a BYD Dolphin or Audi eTron, both of which are EVs, or a hybrid BMW or Toyota could do the trick.  It’s all about the price ceiling, however, and there is a big difference between the purchase price of a BYD and the BMW. 

Maybe we could even consider a small hatchback for a city commute or even a sedan, both which have a small internal combustion engine (ICE) or a light hybrid powerplant that boasts very good economy ratings but don’t cost much to buy new.  In this case, the constraints on our budget and the low price ceiling may point us more towards something like a Suzuki Swift, Kia Picanto or Honda Jazz. 

As to how luxurious, expensive, or even exotic our new car may be does depend on our price ceiling.  And the price ceiling is what we will have worked out already before heading out on the hunt for a new vehicle.  Most manufacturers have a wide range within their model line-up; some more than others.  For example, Ford has a base version of its 2024 Ford Everest SUV called the Ambiente that costs around $60k new at the time of writing, a more luxurious Trend ($65–75k), Sports models ($67–82k), and two top of the range Platinum versions stacked with luxury for $84–91k.

If we do our homework, there is no reason why we can’t buy a new vehicle that will be suitable for our needs, be fun to drive, and even be in the colour we want!