5 Tactics to Slash the Cost of Your Next Vehicle

This post was written for the Life According to Steph audience by James Daniels: a freelance writer, business enthusiast, a bit of a tech buff, and an overall geek. He is also an avid reader, who can while away hours reading and knowing about the latest gadgets and tech, whilst offering views and opinions on these topics.

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If your current car or motorbike appears worn or riddled with problems, you might be eager to secure a new vehicle. Yet, buying a different make and model isn’t cheap, which is why you must look for ways to decrease the essential expense.

A new car, van, or motorcycle doesn’t need to destroy your finances. Here are five clever tactics that can slash the cost of your next vehicle.

1. Browse the Market

Never accept the first price you find for a vehicle. Browse the market to secure your desired car, van, or bike at the best possible price. A little research and smart haggling could help you secure a vehicle for a fraction of another dealer’s price.

2. Buy a Car at the End of the Year

If possible, buy your next car at the end of the year. Many dealerships are often eager to sell older models to make room for the latest designs arriving the next year. In most cases, the new model is similar in design to the previous version. So, buying a 2021 car later this year will allow you to enjoy a similar style and feature to an upcoming 2022 model, but at a fraction of the price.

3. Buy Used Over New

There are many used vehicles on the market that have been thoroughly tested by a dealer. For example, bmgscooters.com provides its customers with reliable new and pre-owned Suzuki motorcycles, which are each serviced by factory trained technicians. It’s the perfect way to get your hands on a fantastic make and model, such as the Suzuki V-Strom 1050.

4. Downsize Your Vehicle

If your current car cost a substantial sum and guzzles gas, consider downsizing your vehicle. While a Mercedes E-Class might impress your neighbors, it might not complement your bank balance. Instead, pick a more affordable alternative to protect your finances. For instance, you could swap your E-Class for a smaller C-class. You could even make the switch to a motorcycle or scooter. It could be a cheaper alternative to a car or van, depending on the make and model you choose.

5. Look for an Eco-Friendly Vehicle

Save a considerable sum throughout the years by buying an eco-friendly vehicle, such as a small car or an electric scooter. For example, small cars are not only lighter due to their small engines and size, but they tend to produce lower CO2 emissions and have a better fuel economy. An eco-friendly vehicle could reduce your car insurance rate, too, which could save you hundreds of dollars throughout the year.

Conclusion

Don’t rush into a decision when looking for your next vehicle. Browse the market to find the best deal on your desired make and model to ensure you don’t spend a penny more than necessary. Also, you can save money by buying a car at the end of the year, downsizing your vehicle, or investing in a pre-owned motorcycle or van, which can help you enter the new year the right way.