What should you consider before buying a car for under £3,000?
Budget
Naturally, the primary concern when you’re looking at a car for under £3,000 is cost. However, that doesn’t just include that headline price, it also contains aspects such as servicing, fuel and insurance.
It’s always a good idea to set a budget before you’ve even started test-driving a car and tie up all of those outgoings into it so that you’ve got a clear picture of what you’re able to afford before you start looking.
Servicing
Remember too that cheaper cars might need extra money spending on them as they’re usually a little older than more expensive versions. However, many of the cars on our list have proven to be popular over their time on sale which means that there’s a plentiful supply of spare parts which can help reduce how much you’ll pay to get them fixed.
Other options
If you’re worried about some of the drawbacks that a cheap used car might bring, then financing a new vehicle might be a better option for you. This can get you behind the wheel of a new car while many finance agreements can also include servicing costs so there’s even less to worry about. Remember, you will be tied into a binding financial agreement with this option.
Tips for finding and buying a car for less than £3,000
Finding and buying a car for less than £3,000 does require a bit of research. At this price point, you’ll be dealing with cars that have higher miles and potentially more issues, so making sure you do all of your key vehicle history checks is essential. We’d run a history check on any car you’re looking at, with these paid-for services flagging up any issues in the car’s past such as whether or not it has been declared crashed and repaired previously.
You also might want to part-exchange your current car against the cost of the new one or you may sell it privately beforehand. It’s worth getting clued up on safe car buying processes before you start all of this too in order to ensure that you’re not going to get caught out down the line.
And if you need a little extra information or want some help in fine-tuning your choice of car, remember that we have an extensive range of car reviews where we take an in-depth look at some of the most popular models available to see what their plus points potential downsides are. A wide variety of cars are covered on the YouTube channel, too.