This is perhaps the most factor to consider when buying a car especially the second hand cars. We highly advise that you seek multiple quotes from different companies. We have so many car dealers in this country and some are conveniently online such as cheki.co.ke so before you set out to buy that car, compare prices. Like anything else, have a budget in place to help you get that car. Do you want a car to move from one point to another, do you want one for ease of movement for your family or do you want one for business. Good credit will enable you to access low-interest rates. Next, theyâll look up reviews, prices, and factor in rebates and incentives. But, that doesnât imply that itâs now an easy time to purchase a car. This sounds like a silly question to ask yourself before buying a car but it is an important one. Considering the amount of money youâve got to spend, you ought to be aware of the kind of cars which will satisfy your specific needs. A new car is an investment; it’s something that you will use for many years, meaning that you should carefully choose your car. It might feel great to commute in style and impress those around you. Also, keep in mind that car payments fluctuate on a monthly basis. In India, most car owners buy a car insurance policy because it is an obligation. Youâve found your perfect car. Youâre more likely to acquire money for the old car if you sell it on your own. Some dealers can help you get the right financing for your car and help you with the paper work that is needed. Why this question is important is because it will help you decide on the kind of car you want so that its serves its purpose well. There is a thing called a perfect car. Simple, talk to people! Itâll help you to plan the car financing options available better. In fact, a new car is the 2nd most costly item most people. However, those are just average values. When we talk about fuel, Maruti Suzuki might … Depreciation (losing value) Your long-term happiness with such a purchase is at stake here. Everyone now wants the convenience that comes with having a car but getting one is not like picking a packet of milk from the supermarket. Other factors considered include age, gender, common location of driving and your marital status. But, the dealership will give you less money than what youâd get from a private buyer. Nairobi, Kenya However, make sure not to pay for technology and features that you will not use. While vehicles may play a part as wealth creators, they can also be wealth destroyers. Try to book the car for 24 hours if you can so it's thoroughly tested. This does not just include the monthly instalment but also cost of petrol, toll and parking, which are parts and parcels of car ownership. Itâs thus a wise thing to know all rebates which you qualify for. Total costs of ownership add up quickly. You can look up the âbook valueâ of the trade in using different resources. Posted on October 10, 2019 by admin. There are two universal facts about buying a car that everyone needs to remember. Even if the second car you drive feels like the right one, it's not worth writing the others off. Buying a car will impact your ability to save. In case your record features accidents and tickets, youâll pay more. Please refer to our Terms and conditions on this website. First, cars are known to be depreciating assets and second, they are bound to be upgraded in a few years. The struggles and hurdles facing the auto industry are unprecedented; so are the deals availed to potential buyers. You should then let the dealer know that youâre aware of that carâs invoice price. It was status symbol that only a few could afford and the others aspire to. From your requirements to your budget, there are plenty of factors to consider before you commit to a purchase. You can purchase a fully loaded minivan for those big family vacations, a sleek new sports car, or a stripped-down compact for your new college graduate. Therefore, as a savvy buyer, you must always be ready. If it’s a just-launched/popular model, expect to pay full MSRP sticker. You should work out a budget and plan. There are at least over 10 different brands of cars popular in Kenya and if you have been thinking of buying some new wheels then you have quite a variety to choose from. In no particular order, the biggest factors to consider before purchasing a vehicle include: Your debt to income ratio. They take an average of 4-6 months to make the decision about which make and model theyâll purchase. Spending hours, days, and months researching reviews and comparing smartphones or laptops isnât a cost-effective means to spend time, is it? They should tell you whether they were happy with the dealer and the car. Youâll require something safe and roomy in case youâre planning to become a parent or are one. Important Factors to Consider When Buying a New Car. In case it does, finance your new car through that dealership. For example some are open to trade-ins just in case you are looking to up-grade from your old car. Next, you should look up that carâs invoice price. But, they barely spend the same amount of time to research new cars as the rest of the populace. In your case, it might take less or even more than that. Know why you want a car and research on the best one to fit that purpose. You can find excellent loan rates at some websites. In turn, that will save you headaches and a significant deal of money. Also, consider things like reconditioning, price negotiation, and ownership transfer. However, youâll endure all the hassle that accompany advertising, arranging for test drives, and the necessary paperwork. Then, itâs time that you know how much the insurance will cost. Youâre aware of what you need and want. Establishing your budget for a set of wheels will be easy when paying cash. As well, the model, make, and kind of car you intend to insure will be accounted for. Are you buying a new car? Even with rebates, discounts and negotiation, you will be paying top dollar. The availability of spare parts and servicing greatly influences the costs involved in running the car. Itâs vital to define the differences between your needs and wants. With so many different options out there, it can be challenging to make a decision. You thus ought to obtain a new car for a price thatâs closer to the invoice, rather than to the MSRP. There are always new technological and safety advancements being made in the car … First, cars are known to be depreciating assets and second, they are bound to be upgraded in a few years. If you’re in the market for a new car, you may feel overwhelmed by all of the factors that you need to consider. Are you in the process of buying a new car? But, typically, theyâre less likely to go down than up. Itâs less likely that youâll just wake up and decide to purchase a new car, then walk into a showroom, swipe a debit or credit card, and drive away. Luxury brands like Mercedes have both availability of spare parts and servicing from the manufacturers. Pesabazaar.com is authorised and regulated by the Insurance Regulatory Authority of Kenya. Itâs real. Keep in mind that gas prices are highly volatile. Every car in each automaker’s lineup is accessible for your scrutiny. Buyers should choose vehicles with features that meet their needs but avoid extra features are unnecessary. Itâs not yet time to head to the dealerships, yet. Youâll relate your wants with various factors. The budget should also including all the other fees that will come with owning a car such as registration, the cost of servicing or changing something about the car and insurance premiums among others. Most people tend to finance, while others opt for leasing. We wouldnât advise you to walk into that dealership without such information. There may be similar cars that you can purchase that is budget friendly. You can then file an application for a pre-approved loan. It also makes it easier to know whether to buy a new or a used car or to opt for leasing one. Many car lovers want power but this will come at a cost, the big fancy machines like Land Cruiser V8 will be rated at 4700 cc and at 5.5 km per litre. Donât walk into any dealership without having done research. In fact, dealers are known for not availing all discounts available to them. There are other amounts to factor in here, as well. Cars are different. Theyâll know that you mean business! Do the research: Of course this is a hoary bit of advice, but it holds true every time. Donât forget the cost of insurance premiums, too. On the other hand, thereâs the Manufacturerâs Suggested Retail Price, often known as the âstickerâ price. Very few people pay cash. Factors to Consider When Buying a New Car. Take a look at your monthly commitment, and consider how much you can afford to pay for your car every month. Itâd be wiser to plan for the financing for now. 6 Factors to consider while buying a new car insurance in India. Itâd be right to call such people brand loyalists. Of course, youâve neighbors, family, and friends all around you whoâve purchased cars. A new car is at the very peak of its value. One of the most notable factors in buying a new car may be the safety devices, features, and technology. Such include styling, color, reliability, technology, fuel economy, comfort, capacity, and so on. Buying a New Car. This is perhaps the most factor to consider when buying a car especially the second hand cars. Different individuals will have different needs for a car. But, people donât purchase cars like they buy household items. Make sure you are receiving a good value and secure any promises in writing.As you can see, buying a new car can be a complicated process that involves the consideration of many important factors. In turn, that promises long-term satisfaction with the purchase youâre about to make. Factors to Consider When Buying a New Car. This also requires a bit if research to help you understand the difference between buying a new car and buying a used one. In fact, thatâs a reassuring sign that you will win the bet at hand. So, in case your credit is poor, be prepared to pay more each month. Next, ensure that youâve received them. Starting at 800 cc, vehicles on this capacity can do up to 25km per litre such as the Suzuki Alto being used currently for Uber Chap Chap in Nairobi. 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