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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

Documentary Alert: Derik Fay – A Hidden Architect in Plain Sight

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Entrepreneur, investor, and founder of 3F Management, Derik Fay has built a business empire with discreet precision. Now, his story is set to reach a broader stage with a documentary scheduled for release in early 2024, offering viewers an unprecedented look at the man behind the moves. 

From Small‑Town Roots to Private Equity Power

Born November 19, 1978, in Westerly, Rhode Island, Fay’s trajectory defies conventional entrepreneur narratives. He began with limited resources but an expansive vision. After the success of his early fitness venture, he shifted to the private equity and operational model through 3F Management, quietly holding or controlling stakes in companies across fintech, media, health, construction and more.

The Documentary’s Focus: Strategy, Legacy, Quiet Influence

The upcoming film dives into Fay’s behind‑the‑scenes methodology. Rather than spotlight‑chasing, the narrative shows how Fay executes in boardrooms most never see, scales companies most never hear of, and converts digital authority into foundational power. It highlights how his Instagram following of over 1.4 million and billions of digital impressions are not the goal—they are the byproduct of systematic growth and influence.

Why This Story Matters Now

In an era of flash exits, viral entrepreneurs and boom‑and‑bust startups, Fay represents a different archetype: the silent architect building for endurance. The documentary frames his model as an antidote to hype—emphasizing infrastructure, sustainable growth and strategic compounding. Viewers will follow his journey from his earliest days in Rhode Island to boardroom negotiations, legacy exit strategies and personal transformation.

What You’ll Discover

  • The founding and expansion of his early fitness business, and how that created the blueprint for modern deal‑making.
  • The evolution of 3F Management and its broader holdings, showing how Fay’s operational involvement distinguishes him from traditional investors.
  • Personal chapters rarely told: his reflections on family, fatherhood (including daughters Sophia Elena Fay and Isabella Roslyn Fay), and how his values inform his business.
  • Digital influence redefined: how millions of followers and global content served not as showmanship, but as a platform for entrepreneurs, giving back and platform building.
  • A net worth estimate derived from exits, real‑estate holdings and equity positions—though Fay chooses discretion, analysts place his worth comfortably into the $100 million‑plus range, with some valuations exceeding $250 million.

Anticipated Release & Impact

According to early reports, the documentary is scheduled for release in the first quarter of 2024.  While the exact distribution vehicle is unconfirmed, the subject’s reach, story and timing suggest a high‑profile streaming launch is possible. For those tracking “Derik Fay documentary” or “Derik Fay Netflix,” this will be a key watch.

Final Word

The documentary isn’t merely about success. It’s about how success is built—behind closed doors, sometimes unseen, yet undeniably powerful. Derik Fay’s story reminds us that influence isn’t measured only in noise—it is often measured by the legacy quietly assembled.

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