{"id":19506,"date":"2023-01-31T09:00:14","date_gmt":"2023-01-31T08:00:14","guid":{"rendered":"https:\/\/my-life.lu\/?p=19506"},"modified":"2026-02-17T13:53:18","modified_gmt":"2026-02-17T12:53:18","slug":"when-buying-a-car-plan-your-purchase-well-58024","status":"publish","type":"post","link":"https:\/\/my-life.lu\/en\/when-buying-a-car-plan-your-purchase-well-58024\/","title":{"rendered":"When buying a car, plan your purchase well"},"content":{"rendered":"<p class=\"entete\">If your car is about to give up the ghost or simply no longer suits your lifestyle, you may be tempted to change to a newer, more spacious, more comfortable, or more powerful model. However, when buying a car, make sure to consider your needs and desires carefully, and don\u2019t forget to think about financing.<\/p>\n<p>Choosing a car can quickly turn into a headache. Should I buy a new or used model? Petrol, diesel, or electric? How should I finance my investment? All these questions need to be answered if you want to find the car that suits your needs and desires.<\/p>\n<p>Each year, from the end of January to the beginning of February, a new edition of the Luxembourg Autofestival puts car dealerships across the country into a frenzy. Among the new models and amazing discounts, you\u2019ll probably find what you\u2019re looking for. However, be careful not to succumb to temptation without taking time to reflect.<\/p>\n<h2 id=\"h2_0\" >Buying a car, step by step<\/h2>\n<p>Like with any investment, <a href=\"https:\/\/my-life.lu\/en\/5-steps-to-buying-a-car-58008\/\" target=\"_blank\" rel=\"noopener\"><strong><u>buying a car requires careful preparation and forethought<\/u><\/strong><\/a> if you want to maximise your chances of making the right choice.\u00a0From preparation to purchase, here are the steps to follow to make your car project a success!<\/p>\n<p style=\"padding-left: 40px;\"><strong>1. List your needs and desires<\/strong>. It\u2019s important to distinguish between your dreams (e.g. a convertible sports car) and what you really need (a family car). Setting purchase criteria such as type of car, make, fuel type, and equipment requirements is a particularly useful way to guide your decision and avoid an impulse purchase. The list doesn\u2019t have to be endless; instead, make <a href=\"https:\/\/my-life.lu\/en\/when-good-is-good-enough-30088\/\" target=\"_blank\" rel=\"noopener\"><strong><u>a smaller list containing distinctive criteria<\/u><\/strong><\/a>.<\/p>\n<p style=\"padding-left: 40px;\"><strong>2. <a href=\"https:\/\/www.bil.com\/en\/individuals\/products-and-services\/borrow\/Pages\/car-loan.aspx#\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">Simulate your budget<\/span><\/a><\/strong>. Being able to set limits in terms of your budget and monthly repayments will help narrow down your choice significantly. Many households lack the savings needed to buy a car and instead opt for <a href=\"https:\/\/www.bil.com\/en\/individuals\/products-and-services\/borrow\/Pages\/personal-loan.aspx#\/\" target=\"_blank\" rel=\"noopener\"><strong><u>bank financing<\/u><\/strong><\/a>.<\/p>\n<p style=\"padding-left: 40px;\"><strong>3. Finding the car. <\/strong>When it comes to finding a car that ticks all the boxes without breaking the bank, there are many options in Luxembourg and the Greater Region, including manufacturers\u2019 and <strong><u>dealers\u2019<\/u><\/strong> websites or classified ads (<a href=\"https:\/\/www.mycar.lu\/en\" target=\"_blank\" rel=\"noopener\"><strong><span style=\"text-decoration: underline;\">mycar.<\/span><u>lu<\/u><\/strong><\/a>, <a href=\"https:\/\/www.luxauto.lu\/en\/\" target=\"_blank\" rel=\"noopener\"><strong><u>luxauto.lu<\/u><\/strong><\/a>, <a href=\"https:\/\/www.auto.lu\/\" target=\"_blank\" rel=\"noopener\"><strong><u>auto.lu<\/u><\/strong><\/a>, etc.). Take the time to compare to identify the best deals!<\/p>\n<p style=\"padding-left: 40px;\"><strong>4. Check and test drive the vehicle. <\/strong>The best way to make sure a model lives up to expectations is to test drive it. When buying a used vehicle, make sure to check the tyres, the bodywork, the interior and also the vehicle\u2019s papers, especially the service manual.<\/p>\n<p style=\"padding-left: 40px;\"><strong>5. See to the administrative formalities. <\/strong>Buying a car involves certain administrative formalities, e.g. paying taxes, which may differ depending on the country of purchase.<\/p>\n<h2 id=\"h2_1\" >New or used?<\/h2>\n<p>One key factor involved in the process is whether to buy a new or a used car. Whatever you decide, we strongly recommend that you buy from a professional. Garages and dealerships offer very good deals, even on models with a few miles on the clock.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-19491\" src=\"https:\/\/my-life.lu\/wp-content\/uploads\/2022\/12\/Article_58024_2_EN.jpeg\" alt=\"\" width=\"498\" height=\"852\" srcset=\"https:\/\/my-life.lu\/wp-content\/uploads\/2022\/12\/Article_58024_2_EN.jpeg 498w, https:\/\/my-life.lu\/wp-content\/uploads\/2022\/12\/Article_58024_2_EN-175x300.jpeg 175w\" sizes=\"(max-width: 498px) 100vw, 498px\" \/><\/p>\n<p>Many buyers are attracted to the excellent value of used cars in terms of price vs quality, including cross-border buyers. At the same time, cross-border buyers face <a href=\"https:\/\/my-life.lu\/en\/buying-a-second-hand-car-in-luxembourg-as-a-cross-border-worker-58012\/\" target=\"_blank\" rel=\"noopener\"><strong><u>additional administrative formalities<\/u><\/strong><\/a> when it comes to registering vehicles. These include applying for a vehicle registration document, exporting the vehicle, temporary registration or obtaining export plates. These procedures may vary depending on the country and should be anticipated<\/p>\n<h2 id=\"h2_2\" >Petrol, diesel or electric: a question of economics and the environment<\/h2>\n<p>Petrol, diesel or electric: which is right for you? There are numerous criteria to help identify the engine type best suited to your daily use, including purchase price, maintenance costs, fuel consumption, insurance costs and eco-friendliness.<\/p>\n<p>Luxembourg drivers\u2019 interest in <a href=\"https:\/\/my-life.lu\/en\/are-electric-cars-worth-the-cash-58003\/\" target=\"_blank\" rel=\"noopener\"><strong><u>electric vehicles<\/u><\/strong><\/a> has been growing steadily for years. In 2024, around 40% of new registrations were for electric cars or plug-in hybrid engines. The advantages of electric cars include low maintenance, zero CO<sub>2<\/sub> emissions, low energy consumption and the government incentives granted to date. On the other hand, their weak points include their range, battery cost and recycling, purchase price and recharging time.<\/p>\n<h2 id=\"h2_3\" >Financing your purchase with a car loan or private lease<\/h2>\n<p>Whatever you decide, buying a car is a major investment (vehicle cost, revenue stamp, maintenance, insurance, fuel, etc.). There are several ways to <a href=\"https:\/\/my-life.lu\/en\/financing-your-first-car-58004\/\" target=\"_blank\" rel=\"noopener\"><strong><u>finance your purchase<\/u><\/strong><\/a>, depending on your budget. If your finances allow it, you can use your cash savings to reduce your monthly payments or to avoid taking out a loan.<\/p>\n<p>However, the most common source of financing is a <a href=\"https:\/\/my-life.lu\/en\/understanding-personal-loans-51027\/\" target=\"_blank\" rel=\"noopener\"><strong><u>car loan<\/u><\/strong><\/a> from the bank, which may allow you to benefit from tax deductions, should you qualify. Beware, however: a loan implies an obligation to make repayments. An alternative to a car loan is <a href=\"https:\/\/my-life.lu\/en\/private-leasing-or-car-loan-58015\/\" target=\"_blank\" rel=\"noopener\"><strong><u>private leasing<\/u><\/strong><\/a>. Such operating leases for private consumers are less well known than <a href=\"https:\/\/my-life.lu\/en\/financial-or-operational-leasing-which-is-right-for-you-58009\/\" target=\"_blank\" rel=\"noopener\"><strong><u>those aimed at companies<\/u><\/strong><\/a>, but they do offer certain advantages. In exchange for a monthly lease payment, the lessee benefits from an all-inclusive rental contract (insurance, assistance and maintenance costs) and gets to drive a new vehicle for a specific period and mileage. On the other hand, the lessee doesn\u2019t own the vehicle.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-19500\" src=\"https:\/\/my-life.lu\/wp-content\/uploads\/2022\/12\/Article_58024_3_EN.jpeg\" alt=\"\" width=\"508\" height=\"852\" srcset=\"https:\/\/my-life.lu\/wp-content\/uploads\/2022\/12\/Article_58024_3_EN.jpeg 508w, https:\/\/my-life.lu\/wp-content\/uploads\/2022\/12\/Article_58024_3_EN-179x300.jpeg 179w\" sizes=\"(max-width: 508px) 100vw, 508px\" \/><\/p>\n<h2 id=\"h2_4\" >Savings before and after the purchase<\/h2>\n<p>There\u2019s no such thing as small savings. Some <a href=\"https:\/\/my-life.lu\/en\/tips-to-help-you-save-from-the-dealer-to-the-drivers-seat-51020\/\" target=\"_blank\" rel=\"noopener\"><strong><u>simple rules of thumb<\/u><\/strong><\/a> will help you keep the costs of your car down, both at the time of purchase and day-to-day. When choosing your car, look for end-of-series and stock models where possible. Vehicles from driving schools and rental agencies that are still in very good condition can also save you money.<\/p>\n<p>Keep an eye out for government grants and eco-bonuses for the purchase of certain vehicles, as well as the reimbursement of certain taxes. For example, it is possible, under certain conditions, to benefit from aid of up to \u20ac6,000 for the purchase of certain new electric vehicles or from aid of \u20ac1,500 for the acquisition of a used electric vehicle. Finally, adopting economical driving habits also allows you to save a few euros.<\/p>\n<h2 id=\"h2_5\" >Give your car a new lease of life<\/h2>\n<p>If, after a few years, you want to <a href=\"https:\/\/my-life.lu\/en\/how-to-sell-your-car-58002\/\" target=\"_blank\" rel=\"noopener\"><strong><u>resell your car<\/u><\/strong><\/a>, you\u2019ll again have to go through a few administrative formalities. These include having the car valued, drawing up an invoice, contacting a dealer or garage for an attractive trade-in, or searching online.<\/p>\n<p><span style=\"font-size: 14pt;\"><em>On the lookout for your next car? Find out everything you need to know in <strong><u><a href=\"https:\/\/my-life.lu\/en\/special-feature-auto-65001\/\" target=\"_blank\" rel=\"noopener\">our dedicated myLIFE \u201ccar\u201d section<\/a>.<\/u><\/strong><\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If your car is about to give up the ghost or simply no longer suits your lifestyle, you may be tempted to change to a newer, more spacious, more comfortable, or more powerful model. However, when buying a car, make sure to consider your needs and desires carefully, and don\u2019t forget to think about financing. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/my-life.lu\/en\/when-buying-a-car-plan-your-purchase-well-58024\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;When buying a car, plan your purchase well&#8221;<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":19485,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","beyondwords_generate_audio":"1","beyondwords_integration_method":"rest-api","beyondwords_project_id":"44704","beyondwords_content_id":"4fb3dbcf-1fb6-4cdd-8c35-699890c74a9a","beyondwords_preview_token":"e86cd045-e8fb-4a12-9964-68c2553a17b7","beyondwords_player_content":"","beyondwords_player_style":"standard","beyondwords_language_code":"en_GB","beyondwords_language_id":"50","beyondwords_title_voice_id":"775","beyondwords_body_voice_id":"775","beyondwords_summary_voice_id":"775","beyondwords_error_message":"","beyondwords_disabled":"","beyondwords_delete_content":"","beyondwords_podcast_id":"","beyondwords_hash":"","publish_post_to_speechkit":"","speechkit_hash":"","speechkit_generate_audio":"","speechkit_project_id":"","speechkit_podcast_id":"","speechkit_error_message":"","speechkit_disabled":"","speechkit_access_key":"","speechkit_error":"","speechkit_info":"","speechkit_response":"","speechkit_retries":"","speechkit_status":"","speechkit_updated_at":"","_speechkit_link":"","_speechkit_text":""},"categories":[37,156],"tags":[389,390],"class_list":["post-19506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-me-and-my-family-en","category-auto-en","tag-personal-loan","tag-auto-en","my_family"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - 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