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Video: Buying a car 101

<b>CAR-BUYING 101:</b> Should you lease or purchase a new car? Should you wait for a sale on a new model? Our car buying guide answers these and more. <i>Image: AP</i>
<b>CAR-BUYING 101:</b> Should you lease or purchase a new car? Should you wait for a sale on a new model? Our car buying guide answers these and more. <i>Image: AP</i>
In the market for a new car? If so, there are several questions you need to ask yourself before making a purchase that go beyond make, model, color and the number of cup holders.

Before heading out to the dealership you need to consider the following:

1 When is the best time to buy a car
2 Lease or buy - What are the best financing options?
3 New or used – Is a used car a better deal?

Watch the video

SHOULD YOU WAIT FOR A BETTER DEAL?

Does the savvy shopper wait until the last minute to get the best deal? Only if you are willing to take leftovers, reports automotive experts.

Experts believe that buyers should keep an eye on sales and jump in when the right car and the right price match up.

LEASING - A GOOD DEAL FOR SOME

In the past ten years leasing has become much more popular when it comes to financing your new vehicle. Once almost exclusively a luxury car option, the types of vehicles that are available for leasing has expanded and leasing has become an important option on cars that were generally considered to be for purchasing only.

NEW OR USED

Make sure you consider all your options before deciding between a new car or a used vehicle. It's become somewhat of a gray area, because there are a lot of incentives and rebates along with attractive financing on new cars.

There are also many features which may not be available in an older car. Safety equipment, connections for your smartphone and reversing camera are some items that are hard to find in a used car.

Click here to win one of four sets of tyres!

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