Did you know that the average person spends almost 4 years of their life driving? So then it’s understandably very important to choose the right vehicle for your needs. We guide you through all the need-to-knows when it comes to buying and selling a car, how to get the best price, and how to make sure you have the right car insurance cover to suit your needs– as well as your caravan, trailer and motorcycle.
Getting your car ready for a sale
Before you put a “For sale” sign on your existing car, here are some clever tricks to help you spruce it up and increase its value:
- Get your maintenance and paperwork up to date: Gather all service records and receipts, and make sure small repairs have been attended to.
- Use a dent specialist to restore the exterior: Erasing minor scratches and repairing dents can make a huge difference, plus it will seem as if you have constantly cared for your car.
- Replace tactile items such as the steering wheel or gear lever.
- Have your car professionally washed – not only the interior shampooed and waxed, but also the engine cleaned. Use fabric softener refills to give your car a fresh smell.
Increase the trade-in value of your car by keeping it in mint condition.
With Santam insurance, you not only get coverage against accidents and damages, but also the peace of mind of free 24/7 SOS services to protect your car on the road. These services include breakdown assistance, emergency medical care, route planning and more.
Buying a new or used car? Consider the pros and cons
Love that new car smell? Or enjoy shopping for a great second-hand car deal? Whichever you choose, each purchase has its own benefits and drawbacks:
Buying a NEW car, on the plus side, will be more energy-efficient, easy to customise to your liking and will boast all the latest features and technology. You will enjoy the peace of mind of a motor plan and manufacturer's warranty, and less maintenance generally. Negatives of a new car include a higher price and an immediate drop in value – plus the possibility of added taxes.
Buying a second-hand car offers the benefits of a wider choice of vehicles, a better price and room for negotiation, plus no additional taxes to be paid. On the negative side, you might not always know what you’re getting, you may not have the safety net of a motor plan and warranty, and you don’t have the choice of shiny optional extras or safety features.
To sum up: Be sure to do your homework when buying a car. Familiarise yourself with different brands and models, study average prices, and read articles and forums to see what others like/dislike about their vehicles.
Work out the retail value of your car
As your existing car depreciates in value every year, it’s a good idea to do a check-in on what its current retail value is to make sure you get the best price for it and to see if you are paying the right insurance premium. Secondly, you should also check the replacement value of the new car you are intending to buy, to make sure you are not underinsured. No one wants to find that out when they have to claim.
Visit our car advice page for more useful tips.
If you want to ensure you are adequately covered or request a quote, speak to your broker or call us on 0860 444 444.