Although it is not an essential part of the process of buying a car, the personalisation of the number plates can act as an important part of a businesses image.
An image of prestige is given if the head of ABC limited has the registration number A1 ABC. Some companies even like to buy company personalised numbers for all their key staff.
The costs of the registration numbers (private number plates) can vary from £100 to several thousand pounds depending on the rarity and the demand for that (or similar) registrations.
Finding new and second hand cars can be done online in seconds, you can search thousands of cars for the results you want.
Purchasing online is quicker and usually cheaper than purchasing offline, but should only be used if you are decided on the car you want, or have had it checked/inspected first.
"Purchasing online is quicker and usually cheaper than purchasing offline"
Varying degrees of inspection are available for used cars; the cost of these is cheap in comparison to the costs of buying a car with serious faults or a chequered history, especially if you are unable to view the car directly yourself.
Online Car Site (buying online) – Cheaper, more convenient, low risk, but need to be sure of car and spec you require first.
Independent dealer (buying mostly offline) – Cheaper, less risk than private sales, normally used cars only.
Private sale (buying offline) – Can be much cheaper, more risky than dealers, few legal rights.
Auction (buying both on or offline) – Possible bargains, very risky, few legal rights.
The five main ways of financing:
Personal Loan – Monthly payments, you own the car, harder to get than other finance options, but a cash sale means you may be able to get a price reduction.
Hire Purchase – Deposit of 10-20%, Monthly payments, easier to obtain and normally cheaper than a loan, but you do not own the car until after the last payment.
Personal/Business Contract Purchase – 10-20% deposit, low monthly payments plus lump sum at end of term, based on mileage and contract length. Good if changing cars every 2 or 3 years, but if you do not pay the lump sum, you lose the car; and the car is not yours until after the full payment. Less tax than a company car.
Personal Contract Hire – Low monthly payments based on mileage and contract length, low initial cost, and maintenance can be included. Good if changing cars regularly, but you never own the car. Less tax than a company car.
Business Contract Hire - Low monthly payments based on mileage and contract length, low initial cost, and maintenance can be included. Large tax benefits for VAT registered companies (up to 100% of VAT can be claimed back).
Searching for a new or used car online can help you find the right car quickly. Whether you buy online, or find the car and buy it in person, car websites and listings can bring hundreds of relevant cars to your attention in a matter of minutes without any travelling or registration costs.
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