Making Your Dream Car a Reality

Posted by Ben Davidson about 7 months ago
If you’re anything like most car enthusiasts you’ll have been dreaming about your perfect car since being a child; perhaps you’ll have had posters or magazine cut outs pasted next to your bed looking forward to the day you were finally old enough to drive and could go out and get your dream car.

Unfortunately, acquiring our longed for possessions isn’t always as effortless as we feel it will be as a child which is where this article comes in to bridge the gap between your dream car and your hands behind the wheel.  Let’s take a look at the three most popular practical options when it comes to turning your dream into a reality.


BUYING YOUR DREAM CAR OUTRIGHT

Owning a car might seem like the most sensible choice, however, a car is a depreciating asset that rapidly loses its value with each mile you drive, meaning if you buy a brand new car, as soon as you drive it off the forecourt, you can expect to lose four figures in terms of depreciation.  

For this reason, it might be better to consider buying an ‘almost new’ car that has been driven just a few thousand miles.  This way, you still have the prestige of driving a new car without the inflated price tag.  It also means you could upgrade the spec so that it has even more bells and whistles such as a heated steering wheel.

Buying a second-hand car, particularly one that is just a few months old, seems to be one of the smartest moves you can make if purchasing a car outright… yet owning an older car can come with a fair amount of hassle.  Indeed, many people share horror stories of buying a car only to have it sat in the auto repair shop for weeks on end as they quickly discover it has problem after problem.  

This is the downside of owning the car yourself; if something goes wrong with it, it’s your responsibility and you assume all the risk under the legal concept of caveat emptor, known colloquially as buyer beware’.


RENTING YOUR DREAM CAR

It might seem a strange idea to rent a car, as an alternative to owning one, but if you don’t often use a car then hiring a car could prove to be a good option.  The great thing about this option is that you can rent a different car each time, if you wanted, as often the fun wears off once we get used to a car and we look for the next toy to play with.

Also, when you consider how much insurance costs - renting a car that comes with fully comprehensive insurance can end up saving you money, particularly for inexperienced drivers, or those without a no claims bonus.


LEASING YOUR DREAM CAR

Leasing is the longer term cousin of renting.  You can find some incredible offers on a variety of premium cars for a typical two-year period, though there are many short-term premium car leasing options available too on a variety of cars ranging from the BMW X5 M to Audi R8’s and many more.

Leasing can offer a hassle-free option, but the downside is you never end up owning the car, so a bit like renting a property - you’re not building any equity in an asset, however, with a car… it’s a depreciating asset anyway, so this shouldn’t be too off-putting.
Tags:
Rent a car, dream car, Leasing

Latest Articles

See All
  • We're Making Driving More Expensive For Ourselves!
    We're Making Driving More Expensive For Ourselves!

    September 20, 2018 - Well, pretty much your whole life is going to revolve around driving now, so, have a read on, and let us show you a few ways that you’re probably making driving more expensive for yourself.

  • Things Every New Motorcyclist Should Know
    Things Every New Motorcyclist Should Know

    September 19, 2018 - There are many things new motorcyclists should be aware of if they want to stay safe and enjoy their riding. Motorcycle riding can give a feeling of freedom and excitement, but you do not want to put yourself in any danger.

  • Top Tips To Avoid Road Accidents
    Top Tips To Avoid Road Accidents

    September 19, 2018 - Car accidents are a horrid part of motoring life. No one thinks it will happen to them, but you're unlikely to go many years without some form of mishap occurring - whether you're to blame or not. Of course, you can never make yourself immune, but it

  • Why Do So Many Drivers Give Up?
    Why Do So Many Drivers Give Up?

    September 14, 2018 - You might think this is strange as driving is so essential to some people, but there are actually quite a few really good reasons why some car owners might simply never get behind the wheel again. Read on to find out more!

  • No License, No Problem: Off-Road adventure at the Calabogie Boogie
    No License, No Problem: Off-Road adventure at the ...

    September 13, 2018 - Off-road riding is an interesting area of motorcycling, as, in many cases, you don’t actually need a license to do it. You’ll certainly find your share of licensed riders – both new and seasoned – partaking. But you’ll also find riders of all skill l

  • 4 Essential Things To Do After Buying A Used Car
    4 Essential Things To Do After Buying A Used Car

    September 10, 2018 - There’s nothing wrong with dipping into the used car market. In fact, you will often find some absolute bargains when you purchase a second-hand car. Regardless of whether you’ve bought a vintage vehicle or a modern machine that’s only a year old; he

  • Titanium Gleams in the Automobile Industry
    Titanium Gleams in the Automobile Industry

    September 10, 2018 - Titanium’s strength, light weight, and high survival rate is making it a top choice for cutting edge cars and in this post, we will highlight just a few of its most cutting edge uses.

  • Off-Roading: How To Choose The Perfect Vehicle
    Off-Roading: How To Choose The Perfect Vehicle

    September 3, 2018 - If you’ve given off-roading a try and have decided that you really enjoy getting out and about and cruising across country instead of on the roads, then you might be thinking about treating yourself to your own off-road vehicle

  • 2019 Hyundai Veloster Turbo: Putting the Fun in Funky
    2019 Hyundai Veloster Turbo: Putting the Fun in Fu...

    September 3, 2018 - Two doors or four doors? When you’re buying a sporty car, it’s a choice many buyers are faced with. But Hyundai did things a little differently, giving you a sweet spot in the middle with three doors in the Veloster. When it first launched in 2011,

  • What Should You Do After a Minor Car Collision?
    What Should You Do After a Minor Car Collision?

    August 30, 2018 - It’s worth knowing what you should do and how you should conduct yourself if you’re ever in this situation yourself. So you should read on now and learn more about what you should do after a minor car collision.

Share This!

or