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5 common used car buying mistakes to avoid

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Used cars are more popular than ever and for many drivers it can be easy to see why! Brand new cars are still facing huge manufacturer delays and many drivers are opting for a second-hand car when they need a vehicle. Not only that but there are a huge choice and availability of used cars to take advantage of! If you’re buying your first car or haven’t had much experience with buying a second-hand car, these common used car mistakes can help you get the best deal possible. 

Why should you get a second-hand car? 

When you’re shopping for your next car, you may be debating whether to get a brand new or used car next. Here are the top reasons why used cars reign supreme for many drivers: 

  • Huge amount of choice and availability. 
  • You suffer less financial depreciation when buying used.
  • Lower purchase price than brand new cars. 
  • Options to finance used cars with affordable monthly payments.
  • Usually cheaper insurance rates are available for second-hand cars. 
  • Long new car warranties can be transferred with ownership which can benefit used car buyers. 
  • Some dealers can also offer servicing plans on used cars to help you budget better. 

Used car buying mistakes to avoid: 

1. Not doing your homework first. 

Car buying is one of the biggest purchases you will make in your life so it’s important it’s a good choice for you. Before you jump into buying a used car, you should firstly check out the market price of cars you like. This can help you to shop for cars within your budget and get an idea of how much your car will cost. Knowing the market is also key when it comes to negotiating with car dealers on the price of the vehicle. If you’re already aware of a similar car at a rival dealer with a lower price, it can help you to get a better price when negotiating. 

2. Solely focusing on the price. 

It’s no secret that UK drivers love a bargain! However, when it comes to buying a used car, cheaper may not always be better. You should stick to an affordable budget which you are comfortable with and if you’re looking to get finance for a used car, you will need to be able to meet the monthly payments on time and in full until the end of the term. Purchasing a used car is one thing but don’t forget to also consider the cost of insuring and running a car. It can be worth checking insurance rates for a car within your budget before you sign on the dotted line as you could end up with a car that is very costly. 

3. Only shopping for your car locally. 

Whilst getting your car locally from a trusted dealer is a time saving and easy way to get a vehicle, it isn’t your only option. The emergence of online car buying is growing in popularity and the knock-on effect of Covid-19 meant more drivers were looking at contact free buying. It can be worth shopping for cars online or using an online car finance broker to help sort your finance first and then shop for a car from a reputable dealer. Casting your net further afield could get you a better deal and many cars also come with free delivery across the UK! 

4. Not checking the history of a used car. 

The main drawback of buying a used car is that you aren’t the first owner of the vehicle and are in the dark about its previous history. When you buy a car from a private seller, you are having to take the sellers word for it and have to take the car at face value. Buying from a dealer can be safe as they will have their own checks in place to verify the condition of the car. You can also do your own history checks on a used car by entering the details on the Gov.uk website to find out it’s MOT status and also get access to the MOT history report to see if there are any previous faults you should be aware of. 

5. Feeling pressure to rush a decision. 

The availability of used cars means buyers have an endless amount of choice and don’t need to be rushed into the first car they see. Don’t give into any pushy salesmen and feel the need to decide on the spot. If the car doesn’t fit your lifestyle, isn’t fit for purpose, you can’t afford it or you simply don’t want it, you have the right to cancel the sale at any point before you buy it. If you’ve bought a car with a fault, you are covered under the Consumer Rights Act 2015 to return the car and get a full refund within 30 days of purchase.  

Michelle has been a part of the journey ever since Bigtime Daily started. As a strong learner and passionate writer, she contributes her editing skills for the news agency. She also jots down intellectual pieces from categories such as science and health.

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Lifestyle

Powerful Corporate Gifting Strategies to Build and Strengthen Business Partnerships

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If you want to build and strengthen business partnerships with your clients and top investors, there are a few key steps you must take. One essential strategy is corporate gifting. This simple act goes beyond building a partnership. It will also increase your customer retention rate and promote your business even beyond the shore of your country. 

But before you consider gifting any item, there are some strategies to put in place. This will ensure your gift makes a lasting impression and resonates well with your clients. Below are powerful corporate gifting strategies to build and strengthen business partnerships with your clients and top investors. 

Choose a Personalized Item 

Rather than choosing an ordinary gift for your clients and investors, opt for a personalized item. Customised corporate gifts such as T-shirts, coffee mugs, and bags create a stronger emotional connection than generic gifts. They also leave a more lasting impression than most other gift types.

Imagine how investors and your clients will feel when you beautifully inscribe their image or favorite quotes on a T-shirt. Of course, they will feel valued, appreciated, and ready to invest more in your business.

Consider Their Culture and Background 

As an entrepreneur, it’s essential to be culturally competent and sensitive. Your gifts should resonate with your clients’ and investors’ cultural backgrounds. Otherwise, they may be quickly discarded or overlooked. If your investors and audience are predominantly of Black heritage, consider giving them a custom T-shirt featuring a map of Africa or inspirational quotes from iconic Black leaders. 

Their religious beliefs are also important. Specific religions may find some images or symbols inappropriate. For instance, if you’re giving a gift to a Muslim investor, avoid designs that include images like pigs, as they are considered offensive in Islamic culture.

Consider a Functional Gift 

You should also consider the gift’s functionality. A gift that can be used every day will be more valuable than an impractical one. Even if the gift is expensive but doesn’t have any functional purpose, it won’t serve the purpose it was intended for. 

Instead of purely sentimental keepsakes or abstract gifts, consider practical items like pens, notebooks, backpacks, coffee mugs, umbrellas, or water bottles. Just make sure the gift is well-designed and features your brand logo and identity. This not only increases brand visibility but also helps strengthen the connection between you and your investors.

Tie it to a story

Tie your gifts to a story to make them more memorable and emotionally meaningful. For example, if during your business’s early days, your employees always worked tirelessly day and night, you could opt for a custom hourglass. Clients and investors who receive such a gift will appreciate your business’s journey of patience and perseverance.

Offer Quality Gifts

Gifts given to investors or clients who have significantly contributed to your business growth should reflect their value. They shouldn’t be cheap or low-grade items. The gift doesn’t have to be trendy or widely popular, but it should come from a reputable and high-end brand. This will give your gift more credibility. Besides, the recipients will feel comfortable to use the gift among their colleagues.  

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