It’ll depend on your creditworthiness. In fact, the preparation should begin even before you set foot in that showroom. Fuel is the main running expense for any motor vehicle owner although the emergence of hybrid and electric cars is starting to take shape. Once you’ve reached and completed up to this step, you can smile since the hard part is over. This does not just include the monthly instalment but also cost of petrol, toll and parking, which are parts and parcels of car ownership. However, those are just average values. It is however also important to research on the dealer you set your sights on to ensure you are not going to be a victim of a con. 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. Never extend a car … Good credit will enable you to access low-interest rates. Different individuals will have different needs for a car. No matter how low your EMI may be, if the car doesn’t have good mileage, you will end up paying more. We can’t guarantee that you’ll get the best deal on a car purchase. If you’re not aware, then you ought to find out. Maybe, you belong to an organization(s) that entitles you to additional rebates. If you’re among that group, you probably need to go for a used Toyota rather than a new car. People, in general, do not compare car insurance policy and base their buying decision based on the low premium cost. We wouldn’t advise you to walk into that dealership without such information. 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. 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. Also, it’s the chance to see the cars up close and compare the different color choices available. Also, they’ll consult ratings and make comparisons. You can then file an application for a pre-approved loan. You’ll thus be likely to win the best deal possible. They’ll know that you mean business! At this point, it’s time to visit various dealerships and conduct test drives. So you have narrowed down on the car that you want and are comfortable with its pros and cons. You’ve found your perfect car. New cars often come with advanced safety features such as adaptive headlights, automatic parking, and backup cameras. As well, the model, make, and kind of car you intend to insure will be accounted for. What if you’re leasing or financing? If you do take the latter, then you also need to have a plan on how you will repay the loan which is actually a debt. Licence Number : IRA/05/30639/2016. You can look up the ‘book value’ of the trade in using different resources. Nairobi, Kenya It is therefore very important to do your research on the brand of that you want. It’s not yet time to head to the dealerships, yet. Most people tend to finance, while others opt for leasing. Prospective buyers should take more than one te… 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. For example, $400 a month for 48 months will buy you a $25,000 car, assuming a $3,000 trade in, a $4,000 down payment, and a low interest rate. For example, let’s assume you’re single without any plans of getting married. You can find excellent loan rates at some websites. While it can be a very exciting time, it’s important to not let the excitement get the better of you so that you make a potentially expensive mistake. New cars cost more than used cars. This is because the second hand cars may not have their manufacturer presence in the country. Know the much you can spend on a car. What factors are considered when buying a new car? These, and many more, are just some of the fun features to consider when looking for a new family car. With so many different options out there, it can be challenging to make a decision. If you have five candidates on your list, test all five. Maybe you intend to replace your old ride with a new one. With the increasing cost of petrol now at KSh 103/litre, it can quickly bite into your pocket. Next, they’ll look up reviews, prices, and factor in rebates and incentives. Having a budget will also help you narrow down to the kind (new or used) and brand of car that you want. Strive to get an amount close to the average ‘book value’ from the dealership. Very few people pay cash. For obvious reasons, a good, clean record would be preferable to an insurer. We highly advise that you seek multiple quotes from different companies. Therefore, as a savvy buyer, you must always be ready. Tips on buying a new car – Things to consider when choosing a new car It is only when you understand the purpose behind buying a car, that you will be able to choose the right type to be it an economy, family, luxury, sports, or an off-road vehicle. 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. In fact, how would you do that and expect to win the best possible deal? In case your record features accidents and tickets, you’ll pay more. Through research you will also learn that it is important to have a car inspected before buying it and especially a used one to avoid buying junk in the name of car. We want to help lessen the complication involved. They’ll then narrow down the potential choices to 3-5 models. You won’t be required to do any of that stuff if you trade the car in. We are still in the age of fuel and diesel cars of the combustion engine since its invention in 1876 by Nikolaus Otto. First, ensure that you’re aware of what your credit rating is. Through research, you will also find out if the spare parts of the car you want are readily available or not. Car dealers want to sell cars to stay in business. First, cars are known to be depreciating assets and second, they are bound to be upgraded in a few years. Every car in each automaker’s lineup is accessible for your scrutiny. Many buyers qualify for rebates. Now, you already know the car that’s right for you. Now, negotiate with your dealer. Know why you want a car and research on the best one to fit that purpose. Various studies have found that 80% of car buyers make use of the Internet to research about vehicles. A new car is at the very peak of its value. Nearly 50% of all car buyers choose a new car based on their previous experience with another make or model. Some dealers can help you get the right financing for your car and help you with the paper work that is needed. Choose which loan works for you. This type of technology can be very beneficial. This post may contain affiliate links. It’s real. The Choice of a New Car: 5 factors to consider while buying a new car in India Jul 29, 2019 Jul 29 • Auto Mode Buying a new car is quite an event in India, especially for a middle class family. In fact, they qualify for some rebates that aren’t even made public. In fact, that’s a reassuring sign that you will win the bet at hand. Determine if the dealership beats your pre-approved rates. You’re aware of what you need and want. So, in case your credit is poor, be prepared to pay more each month. Used car shoppers may be armed with a Kelly Blue Book or the Canadian Black Book to help determine a ball park figure, but it’s factors like mileage, wear … They should tell you whether they were happy with the dealer and the car. This means if you make a purchase, I may receive a commission at no cost to you. 0800723340 What do you do, now? Such include styling, color, reliability, technology, fuel economy, comfort, capacity, and so on. It’d be right to call such people brand loyalists. There are two universal facts about buying a car that everyone needs to remember. A comprehehensive car insurance quote in Kenya can be as high as 5% of the value of the car, this works out at an average of KSh 40,000 per annum which is a hefty expense for any car owner. In fact, dealers are known for not availing all discounts available to them. Even with rebates, discounts and negotiation, you will be paying top dollar. They’ll do so immediately they realize that your sole focus is on payment. The MSRP includes hundreds – and sometimes thousands – of dollars of profit that the dealer will win. Most people cannot buy a car in cash and the best option is to borrow a loan. But, people don’t purchase cars like they buy household items. Going for cheaper and common brand cars will save you more money on the insurance, spare parts and servicing. As well, decide on your mode of payment. It’s less likely that you’ll just wake up and decide to purchase a new car, then walk into a showroom, swipe a debit or credit card, and drive away. Other factors considered include age, gender, common location of driving and your marital status. If it’s a just-launched/popular model, expect to pay full MSRP sticker. Spending hours, days, and months researching reviews and comparing smartphones or laptops isn’t a cost-effective means to spend time, is it? Worry not, though. Any car which fulfils your needs is perfect for you.For what purpose you require a car, how often you drive it, whether you need a smooth or rough car- you should consider these things before even looking for the car options. But, they barely spend the same amount of time to research new cars as the rest of the populace. Making smart decisions throughout the entire selection and buying process is inarguably crucial! Next, you should look up that car’s invoice price. Still, there are remaining crucial steps to take before making any deal. We’ll inform you about all you’d require knowing before purchasing that car. 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