Buying a Second Hand Car with Insurance in Mind

For many first-time car buyers, a second-hand car is the ideal solution. Not only does it cut down on the initial cost of purchase and is not subject to immediate depreciation, but it also offers significant savings in terms of running costs. Certain marques hold their value better than others thanks to the reputation of the manufacturers, with German and Japanese cars coming out as the most sought-after in the second-hand market. In addition, cars with relatively low mileage for their age can be sold on for close to their second-hand purchase price within a year or two if regularly serviced and maintained.

An eye should also be kept on the car's CO2 emissions rating in order to reduce the cost of motor tax, although most cars less than ten years old do not present a problem in this area, particularly those with lower performance engines. Engine capacity along with security features like immobilisers are just two areas where savings can be made on insurance premiums, so these are worth keeping in mind when considering a purchase.

In addition, unless a significant outlay has been made for a second-hand car, fully comprehensive insurance is not always the best option. Given the premiums for less experienced drivers and those without a no-claims bonus history, opting for a Third Party, Fire & Theft policy can significantly reduce running costs for first-time owners.