What do you need to know if you're buying a new car?
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What is the main topic discussed in this episode?
The Clare Byrne Show on Newstalk. With Aviva Insurance.
€303,000 would buy you some car, wouldn't it Paddy Cummin?
We'd buy you several nice cars. Absolutely, yeah. That would be a dream scenario.
Wouldn't it just? Well, Paddy is Head of Automotive Content and Communications with Dundee Cars and he's here in studio today to talk about buying a new car or indeed, I presume, a second hand car. A new to you car. A new to you. Oh, I love that. Where do you start?
Well, look, like anything else, it's like, you know, it's like getting into a relationship. You have to make sure that you do your homework on the car that you're intending to buy because you're going to be spending a lot of time and potentially money with this car.
So don't go straight for the good looking one is basically what you're saying.
Yeah, and check for any red flags.
And there are, though, I would imagine, sort of some very basic questions that you need to ask yourself and establish before you ever go on the website.
Where should you start when shopping for a new or 'new-to-you' car?
Yeah, look, like anything else, you need to establish your budget initially. People can get very excited. Obviously, the car is the second most most expensive purchase that a lot of people buy. So there's the potential for that to go wrong in some cases. So you need to do, you obviously need to set your budget, but also set a budget for the maintenance of the car, especially if you're buying a slightly older car, because a lot of the mistakes people make is they go out and they, you know, they say, OK, I have 20 or 25,000 euro to buy this car, but they haven't factored in what the maintenance of it is, especially as it gets a little bit older and falls out of warranty. New cars are a little bit different.
You buy a new car, often it comes with manufacturers warranty sometimes they have a service plan built in um so look buy certainly set your budget but also don't overbuy buy something that suits your needs but you know a lot of people might have one child and they go out and buy a seven seater and so so it's really just buy something that suits your needs primarily how do you figure out what your own car is worth because a lot of people will be trying to trade in a car Very simple. I mean, go on Don't Deal Cars and you can have a look at what they go for. Now, that will often be a little bit above what you will be offered. So that's the retail price of the car, especially at a dealer. And private sales can sometimes be a little bit less than that.
But you can expect that a manufacturer or an OEM or dealer is going to offer you a little bit less for your car. Now, the reason for that is when they take that in, they're probably going to have to service it. They're going to have to repair it. There's costs and light and heat and energy and everything else. So you aren't necessarily going to get exactly what you see on done deal cars for the car itself.
Yeah. In fact, it can be considerably less, as I found out myself recently.
Right. But you have to remember as well that in a lot of cases, the manufacturer might have a little bit of discount in the new car too. So sometimes that can balance out and that it comes somewhere in the middle, hopefully.
A lot of people have an interest now in getting an EV car, but have still, I think, got concerns about range and about battery health. What are the questions you need to ask a dealer if you are trying to make that transition over to an EV?
Well, look, if you're going for a new EV, it's probably a little bit simpler because, OK, you know, these cars are now getting better and bigger. The batteries are getting bigger. A lot of people are primarily still concerned about the range. How far does it go? You will have to, if you look at what your daily commute is, if your daily commute is 50 kilometres each way, that's going to be easy for a lot of people. It's when you get into the longer journeys of if you're driving 200 kilometres each way and your car does 400 kilometres, that's going to be trickier. I would say to people, when you see the manufacturers figure out what the range quotes, just sort of take away the VAT.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:01–0:59
2
Where should you start when shopping for a new or 'new-to-you' car?
0:59–4:12
3
How do you set a realistic budget including maintenance and running costs?
4:12–8:24
4
How can you figure out the true resale or trade-in value of your current car?
8:24–9:01