Are you buying a new car? Different individuals will have different needs for a car. You have put a few factors into consideration before buying a car. Discuss the options you’ve with your current credit union or bank. Even with rebates, discounts and negotiation, you will be paying top dollar. You’re aware of what you need and want. Therefore, as a savvy buyer, you must always be ready. Look out for car bazaars like the one on every Sunday at the Jamhuri Park along Ngong Road. Consider them with a high degree of seriousness. The availability of spare parts and servicing greatly influences the costs involved in running the car. You don’t always have the same safety nets you would have if you buy a new car. You’ll thus be likely to win the best deal possible. 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. At this point, it’s time to visit various dealerships and conduct test drives. Most people tend to finance, while others opt for leasing. Of course, we’re not talking about their name. Also, it’s the chance to see the cars up close and compare the different color choices available. Other things to consider before buying a new car are here in this article which explain in details in tips of buying a car. We want to help lessen the complication involved. Now, you already know the car that’s right for you. 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. This is perhaps the most factor to consider when buying a car especially the second hand cars. 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. Common brands like Toyota have continued to excel in the Kenyan market because of the availability of cheap spare parts and technical expertise in garages and service centers. Also, put these guidelines into action. But the definition of what makes a car perfect is different for different people. As a result, financing, trade-in values, and rebates are currently the best we’ve had for so long. Maybe you intend to replace your old ride with a new one. For obvious reasons, a good, clean record would be preferable to an insurer. It refers the price the dealer pays the manufacturer for a car. 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. The second question you need to ask yourself is, do you want a brand new car or do you want a used car. Similarly, you might receive coupons in your mail which entitle you to such rebates. Next, they’ll look up reviews, prices, and factor in rebates and incentives. But, ensure that their loan terms and rates are similar to your pre-approved loan. Also, consider the costs to insure the vehicle, which may be more than you anticipated. Determine if the dealership beats your pre-approved rates. 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. It’s an opportunity to evaluate factors like acceleration, handling properties, comfort levels, and the in-vehicle technology. It might feel great to commute in style and impress those around you. For obvious reasons, a good, clean record would be preferable to an insurer. Those seeking something completely different to drive will compare vehicles. With so many different options out there, it can be challenging to make a decision. On top of the servicing costs of the car, we also have the annual insurance costs. Know the much you can spend on a car. 6 Factors to consider while buying a new car insurance in India. Establishing your budget for a set of wheels will be easy when paying cash. In no particular order, the biggest factors to consider before purchasing a vehicle include: Your debt to income ratio. 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. That’s because the dealer assumes all the hassle associated with reselling the car. If you’re not aware, then you ought to find out. 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 … Through research, you will also find out if the spare parts of the car you want are readily available or not. 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. This can be done through the Kenya Revenue Authority and the National Transport and Safety Authority. Don’t walk into any dealership without having done research. Once you’ve reached and completed up to this step, you can smile since the hard part is over. If you’re in the market for a new car, you may feel overwhelmed by all of the factors that you need to consider. 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. Buying a used car can be risky. You should work out a budget and plan. We are still in the age of fuel and diesel cars of the combustion engine since its invention in 1876 by Nikolaus Otto. Going for cheaper and common brand cars will save you more money on the insurance, spare parts and servicing. With the increasing cost of petrol now at KSh 103/litre, it can quickly bite into your pocket. Every car in each automaker’s lineup is accessible for your scrutiny. We wouldn’t advise you to walk into that dealership without such information. If it's more or less, so be it. Multiple websites allow customers to post reviews of the various dealerships available. Everyone has their set of requirements. Nairobi, Kenya However, make sure not to pay for technology and features that you will not use. What if you’re leasing or financing? You should then let the dealer know that you’re aware of that car’s invoice price. 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. It’s thus vital that you get your choice right. Like anything else, have a budget in place to help you get that car. How much of your earnings will you allocate towards car payment? In case your record features accidents and tickets, you’ll pay more. Also, keep in mind that car payments fluctuate on a monthly basis. Car dealers want to sell cars to stay in business. You are likely to purchase multiple vehicles over a lifetime. It also makes it easier to know whether to buy a new or a used car or to opt for leasing one. Your long-term happiness with such a purchase is at stake here. Then, you’d simply need to go for a car that you can afford. Pesabazaar.com is authorised and regulated by the Insurance Regulatory Authority of Kenya. While he provided a list of factors to consider before making the final decision, most fall into four basic categories: 1) your company’s financial status, 2) how you intend to purchase the vehicle, 3) what type of vehicle you want, and 4) whether it makes sense tax-wise. From your requirements to your budget, there are plenty of factors to consider before you commit to a purchase. Depreciation (losing value) PESABAZAAR.com No matter how low your EMI may be, if the car doesn’t have good mileage, you will end up paying more. In fact, how would you do that and expect to win the best possible deal? Then, it’s time that you know how much the insurance will cost. But, ensure to factor in the registration fee and the sales tax on your purchase. Never extend a car … Now, you’ll get serious about purchasing your selected vehicle. The driving record is a primary factor that determines how much you’ll pay. Insurers examine several factors to set insurance premiums. You may have saved for the car or you could consider taking a loan. The dealer will know that you are expecting a good deal. But, people don’t purchase cars like they buy household items. Similarly, they’ll have different wants. It’ll help you to plan the car financing options available better. There are other amounts to factor in here, as well. For example some are open to trade-ins just in case you are looking to up-grade from your old car. In case your record features accidents and tickets, you’ll pay more. Know why you want a car and research on the best one to fit that purpose. All these different brands have different sub-categories of cars under them making it a wider field to choose from. Try your best not to roll a balanced upside down loan into a new one only because you’re tired of the old car. 0800723340 In fact, dealers are known for not availing all discounts available to them. On the other hand, there’s the Manufacturer’s Suggested Retail Price, often known as the ‘sticker’ price. Also, they’ll consult ratings and make comparisons. Cars are different. This is perhaps the most factor to consider when buying a car especially the second hand cars. 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. These are the standard features which must be applied to all cars starts from 2017 imported or local made according to global NCAP till 2020. If you are purchasing your car with a hire purchase loan, consider your loan eligibility. You can look up the ‘book value’ of the trade in using different resources. Case you’re planning to become a parent or are one car salespersons turn! Makes it easier to know all rebates which you qualify for some rebates that aren’t even public. 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