If you’re planning to buy your first prestige car then there’s a good chance that you already know the car you want. However when buying a prestige car it’s a good idea to think how you’ll go about it so you get the car you want and at the right price.
Below is a guide to help you when buying your first prestige car, including where to buy and how to get the right cover.
Where to buy
The most important decision you have to make when buying a prestige car is where you’re going to buy it.
If you’re going to buy new then you have the advantage of a guarantee and you also have the option to spread the cost. Of course new prestige cars cost more than used models. There are many garages that sell prestige cars so you shouldn’t have too much trouble finding the vehicle you want, depending on how rare it is.
If you want to buy used then you have a few options. You can look on sites such as Auto Trader. The advantage to this is that you can search using very specific criteria, such as age of the vehicle, engine size, capacity etc. There are also websites that are specifically for prestige cars that you can use.
Car auctions are another place where prestige cars are sometimes sold. Many people consider buying at car auctions risky however, so you should think carefully about this option.
When you have your car, you’ll of course need to get the right type of cover for it. It’s usually a good idea to get cover from a specialist provider.
Below are some of the types of cover you can get for prestige cars –
- Road risks – You’ll need to get cover for road risks at a minimum in order to make your vehicle road legal. A third party only policy is the cheapest option but doesn’t really provide any protection for your own car. A comprehensive policy will provide the most protection.
- Agreed valuation – Agreed valuation policies are very useful for prestige car owners since they ensure that you’d be compensated for an amount that you were happy with if your car was stolen or written off.
- Limited mileage policy – If you only use your car for special occasions then you can save money on insurance by getting a limited mileage policy.