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. It’s time to decide what you’d want in your vehicle. It’d be right to call such people brand loyalists. If you are purchasing your car with a hire purchase loan, consider your loan eligibility. Even if the second car you drive feels like the right one, it's not worth writing the others off. No, they don’t purchase new cars like they’d buy clothes. That’s not all. Look out for car bazaars like the one on every Sunday at the Jamhuri Park along Ngong Road. In fact, they qualify for some rebates that aren’t even made public. They should tell you whether they were happy with the dealer and the car. 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 … Find out how different dealers have priced the car that you want. For example, let’s assume you’re single without any plans of getting married. Discuss the options you’ve with your current credit union or bank. For obvious reasons, a good, clean record would be preferable to an insurer. Car salespersons might turn your pockets inside out, why? Various studies have found that 80% of car buyers make use of the Internet to research about vehicles. 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. You don’t always have the same safety nets you would have if you buy a new car. It’s real. Insurers examine several factors to set insurance premiums. This sounds like a silly question to ask yourself before buying a car but it is an important one. In India, most car owners buy a car insurance policy because it is an obligation. What this therefore means is that, if as you bought a car that is two or three years old, or even five, it will be much cheaper than buying the brand new version of it. Choose which loan works for you. Doing you research will also help you determine if you can not only afford your dream car but that you can also afford the cost of maintaining it from the servicing, parts, security, style and car insurance in Kenya. This also requires a bit if research to help you understand the difference between buying a new car and buying a used one. Factors to Consider When Buying a New Car, More Information About MOT Tests And The Reasons For Failing, 9 Useful Tips For Purchasing A Used Vehicle After Lockdown, Finding The Right Vehicle For Your Budget, The Best 12-Volt Air Compressor Available Now, Practical Tips For Choosing The Perfect Car. As well, the model, make, and kind of car you intend to insure will be accounted for. petrol vs diesel car india 2020 petrol vs diesel car petrol or diesel car better petrol car or diesel car best car Web Title : petrol vs diesel car: what are the factors to consider while buying a new car Bengali News from EI Samay , TIL Network It’s thus time to do research to find the right car. You never wake up, decide to buy a new car, walk into … We want to help lessen the complication involved. That doesn’t also suggest that dealers will simply give the cars away. But, ensure that their loan terms and rates are similar to your pre-approved loan. That nice red Range Rover you like may not be what you can afford. 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. Even with rebates, discounts and negotiation, you will be paying top dollar. But, following the above guide will get you in the right direction. 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. It refers the price the dealer pays the manufacturer for a car. With the increasing cost of petrol now at KSh 103/litre, it can quickly bite into your pocket. Cars eventually die and require replacement. So, in case your credit is poor, be prepared to pay more each month. For obvious reasons, a good, clean record would be preferable to an insurer. Now, you already know the car that’s right for you. Those seeking something completely different to drive will compare vehicles. Factors to Consider When Buying a New Car. Simple, talk to people! 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. Also, there’s no set price point to negotiate towards with any car! We highly advise that you research the dealers. It’s vital to define the differences between your needs and wants. Everyone has their set of requirements. You should then let the dealer know that you’re aware of that car’s invoice price. As a result, financing, trade-in values, and rebates are currently the best we’ve had for so long. comprehehensive car insurance quote in Kenya, All New Full Electric Tesla Model 3 For KSH 3,000,000, Common Financial Mistakes Young Kenyans Make. Like anything else, have a budget in place to help you get that car. You’ll thus be likely to win the best deal possible. Ensure to be realistic about the old car’s condition. Total costs of ownership add up quickly. Now, you’ll get serious about purchasing your selected vehicle. In case your record features accidents and tickets, you’ll pay more. image credit, Dodge. Taking these two factors into consideration, choosing a brand that is known to have a good resale value is the smart way to go forward. The driving record is a primary factor that determines how much you’ll pay. Don’t forget the cost of insurance premiums, too. Consider them with a high degree of seriousness. If so, you’ll then need to determine whether you’ll sell the vehicle on your own or trade it in at the dealership. Please refer to our Terms and conditions on this website. Now, negotiate with your dealer. It’s an opportunity to evaluate factors like acceleration, handling properties, comfort levels, and the in-vehicle technology. 0800723340 But, people don’t purchase cars like they buy household items. As well, decide on your mode of payment. In case it does, finance your new car through that dealership. Car dealers want to sell cars to stay in business. That’s because the dealer assumes all the hassle associated with reselling the car. Other things to consider before buying a new car are here in this article which explain in details in tips of buying a car. New cars often come with advanced safety features such as adaptive headlights, automatic parking, and backup cameras. Here, you’d be staking thousands of dollars. You’ll require something safe and roomy in case you’re planning to become a parent or are one. Buying a used car can be risky. We are still in the age of fuel and diesel cars of the combustion engine since its invention in 1876 by Nikolaus Otto. Pesabazaar.com is authorised and regulated by the Insurance Regulatory Authority of Kenya. In fact, how would you do that and expect to win the best possible deal? Factor in the price of insurance, fuel, and maintenance when estimating the amount you need for your new ride. To put it into perspective, there were 85,063 cars imported into the country in 2017 which was a actually a drop from 2016 which saw approximately 109,781 come in. You are likely to purchase multiple vehicles over a lifetime. Some dealers can help you get the right financing for your car and help you with the paper work that is needed. That’s why we’re here. It is therefore very important to do your research on the brand of that you want. It is a great step you are taking when you decide to purchase a car. You can find excellent loan rates at some websites. Yes, cars eventually wear out and prompt for replacement. So you have narrowed down on the car that you want and are comfortable with its pros and cons. Luxury brands like Mercedes have both availability of spare parts and servicing from the manufacturers. 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. On top of the servicing costs of the car, we also have the annual insurance costs. Buying a New Car. In honour of February, then, here are 10 things to think about as you prepare for and execute a new car buy: 1. We look at five essential factors you should look at before buying a family car. It’ll depend on your creditworthiness. This is because the second hand cars may not have their manufacturer presence in the country. The availability of spare parts and servicing greatly influences the costs involved in running the car. This type of technology can be very beneficial. Owning a car in this day and age has become a necessity especially with a growing middle-class that has more disposable income. If it's more or less, so be it. We highly advise that you seek multiple quotes from different companies. Important Factors to Consider When Buying a New Car. Take keen notes. Most people cannot buy a car in cash and the best option is to borrow a loan. Other factors considered include age, gender, common location of driving and your marital status. You’re aware of what you need and want. First, ensure that you’re aware of what your credit rating is. While vehicles may play a part as wealth creators, they can also be wealth destroyers. It’ll help you to plan the car financing options available better. This question can also help you make up your mind on if you really need a car or not because let’s be honest, a car will bring with it added monthly expenses so can you afford it? At the end of the day there are a few reasons to treat a new car purchase pretty seriously – not impulsively like I personally did in 2014. Therefore, as a savvy buyer, you must always be ready. November 22, 2013 By Michelle 3 Comments. 1st Floor, Rhapta Heights, First, cars are known to be depreciating assets and second, they are bound to be upgraded in a few years. In 2018, Statista conducted a survey in which they asked their users in the UK and America the key influencing factors that went into making their decisions when choosing a new vehicle. But, they barely spend the same amount of time to research new cars as the rest of the populace. They’ll know that you mean business! They take an average of 4-6 months to make the decision about which make and model they’ll purchase. In turn, that promises long-term satisfaction with the purchase you’re about to make. From your requirements to your budget, there are plenty of factors to consider before you commit to a purchase. We’ll inform you about all you’d require knowing before purchasing that car. Next, ensure that you’ve received them. Sometimes, these sites’ coverage might be spotty and incomplete. If it’s a just-launched/popular model, expect to pay full MSRP sticker. Purchase from a fair and cooperative dealer. If you’re in the market for a new car, you may feel overwhelmed by all of the factors that you need to consider. Another important factor that you must consider while buying a new or a used car is the fuel you are going for. Try to book the car for 24 hours if you can so it's thoroughly tested. 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. Wait, there’s the bad news. Buying a car will impact your ability to save. In no particular order, the biggest factors to consider before purchasing a vehicle include: Your debt to income ratio. Of course, that’s aside from a new home. Know why you want a car and research on the best one to fit that purpose. New cars cost more than used cars. This research on the different dealers out there will also help you get information on the different incentives they have. For example, before you buy that used car, make sure you find out just how many miles it has done before you are cheated into buying a much older car. Other factors considered include age, gender, common location of driving and your marital status. For example, it is important to know that cars depreciate in value so if you buy a new car, the value of that car immediately goes down in value the minute you drive it from the dealer. Cars do not come cheap so you need to have a clear plan on how you will pay for that car, be it new or used. The fact is that most affluent car buyers seldom keep a new vehicle long enough to fully experience the long-term costs associated with sophisticated, high-tech vehicles. Nov 8, 2015 by Jasmine Watts. This post may contain affiliate links. How much of your earnings will you allocate towards car payment? Also, keep in mind that car payments fluctuate on a monthly basis. 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. 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. What if you’re leasing or financing? In turn, that will save you headaches and a significant deal of money. Factors to Consider When Buying a New Car. 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. People don't buy cars like they buy microwave ovens. You can look up the ‘book value’ of the trade in using different resources. PESABAZAAR.com Nairobi, Kenya Considering the amount of money you’ve got to spend, you ought to be aware of the kind of cars which will satisfy your specific needs. Obviously price is a starting point, but to help you narrow down your choices further, you need to focus on the following three factors: Quality, Cost of Ownership, and Reliability. Never extend a car … You can easily make use of your pre-approved loan as a baseline against which your dealer will compete. You have put a few factors into consideration before buying a car. Similarly, they’ll have different wants. Likewise, don’t purchase a new Lexus model just because you can eventually afford it if you obtain a 5-year loan. Next, they’ll look up reviews, prices, and factor in rebates and incentives. Then, it’s time that you know how much the insurance will cost. inquiries@pesabazaar.com. This can be done through the Kenya Revenue Authority and the National Transport and Safety Authority. Then, you should understand how the amount you’d afford each month translates into a car’s price. It’s thus vital that you get your choice right. The MSRP includes hundreds – and sometimes thousands – of dollars of profit that the dealer will win. We can’t guarantee that you’ll get the best deal on a car purchase. Nearly 50% of all car buyers choose a new car based on their previous experience with another make or model. Many buyers qualify for rebates. This is because the second hand cars may not have their manufacturer presence in the country. Any future home purchases. Yes, one thing to consider is to purchase a family vehicle and that calls for a lot of factors to consider. First, cars are known to be depreciating assets and second, they are bound to be upgraded in a few years. Most cars these days will go 50,000 miles or better without any serious technical issues and many of the initial buyers will get out of them at about that point. Of course, we’re not talking about their name. However, make sure not to pay for technology and features that you will not use. The second question you need to ask yourself is, do you want a brand new car or do you want a used car. Maybe you intend to replace your old ride with a new one. You should always consider the additional ownership costs when buying a brand new car. Also, put these guidelines into action. In fact, dealers are known for not availing all discounts available to them. Instead, they keep some as extra profit. There are many things to consider before making your final choice about what vehicle to buy. One of the most notable factors in buying a new car may be the safety devices, features, and technology. Know the much you can spend on a car. 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. We wouldn’t advise you to walk into that dealership without such information. Your long-term happiness with such a purchase is at stake here. Similarly, you might receive coupons in your mail which entitle you to such rebates. Keep in mind that gas prices are highly volatile. Maybe, you belong to an organization(s) that entitles you to additional rebates. In case your record features accidents and tickets, you’ll pay more. Having a budget will also help you narrow down to the kind (new or used) and brand of car that you want. If you’re among that group, you probably need to go for a used Toyota rather than a new car. Also, it’s the chance to see the cars up close and compare the different color choices available. A new car is an investment; it’s something that you will use for many years, meaning that you should carefully choose your car. Then, you’d simply need to go for a car that you can afford. Through research, you will also find out if the spare parts of the car you want are readily available or not. Also, consider the costs to insure the vehicle, which may be more than you anticipated. In turn, that makes for a strong buyers’ market. For instance, consider checking out LendingTree.com and Bankrate.com. Most people tend to finance, while others opt for leasing. The dealer will know that you are expecting a good deal. It was status symbol that only a few could afford and the others aspire to. Multiple websites allow customers to post reviews of the various dealerships available. 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