If you’re looking to drive down the cost of motoring, then downsizing might be an appealing option. You’ll swap your existing large and expensive car for one that’s smaller and cheaper.
But in order to do this properly, and enjoy the greatest possible benefits, you’ll want to consider a few key factors.
Reasons For Downsizing
Increasingly, British motorists are seeking to swap their larger vehicles for smaller ones. This trend has largely been driven by soaring oil prices and general inflation. On the other hand, it isn’t just money that may persuade you to make this kind of change. You might prefer the driving experience of a smaller vehicle, or your environment might not be suited to a larger one. For example, driving a Range Rover around the middle of London could soon lead to problems with parking.
Space
Before you make the switch, you’ll need to be sure that the new vehicle is going to provide enough space to meet your needs. Look at the room in the boot, and ask yourself whether it’s going to be able to accommodate all of your luggage when you go on holiday. For families, extra space at the back might be critical. For older couples who’ve recently reclaimed their independence after their children have finally moved out, a two-seater convertible might be tempting.
Models
A number of specific models stand out. These include the Toyota Yaris, the Seat Ateca, the Volkswagen Polo and the BMW 4 Series. Each of these is compact and inexpensive to run, but without compromising too much on the essential features that a more expensive model might provide. If you’re willing to look at used cars, then you’ll be able to minimise the depreciation to which you’re exposed, and you’ll be able to choose from a very wide selection of models.
Road test
Before you commit to a purchase, you’ll want to take the model out on the road. A test drive will allow you to get a feel for the vehicle, and to learn whether it makes a good match for your particular tastes and driving style. Any strange sounds or smells that might occur during the test drive might also give you a reason to reconsider the purchase, or negotiate a discount. If a car gives you a bad vibe, then it’s probably time to walk away.