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It’s an opportunity to evaluate factors like acceleration, handling properties, comfort levels, and the in-vehicle technology. Luxury brands like Mercedes have both availability of spare parts and servicing from the manufacturers. All these different brands have different sub-categories of cars under them making it a wider field to choose from. On the contrary, you’ll pay high-interest rates if you’ve got poor credit. But the definition of what makes a car perfect is different for different people. But, ensure to factor in the registration fee and the sales tax on your purchase. We are still in the age of fuel and diesel cars of the combustion engine since its invention in 1876 by Nikolaus Otto. Then, you’d simply need to go for a car that you can afford. It is therefore very important to do your research on the brand of that you want. Establishing your budget for a set of wheels will be easy when paying cash. People don't buy cars like they buy microwave ovens. The dealer will know that you are expecting a good deal. The driving record is a primary factor that determines how much you’ll pay. There are a lot of things to consider when buying a new car, including safety, driving comfort and price. There may be similar cars that you can purchase that is budget friendly. New cars cost more than used cars. That’s because the dealer assumes all the hassle associated with reselling the car. Yes, one thing to consider is to purchase a family vehicle and that calls for a lot of factors to consider. Fuel is the main running expense for any motor vehicle owner although the emergence of hybrid and electric cars is starting to take shape. Cars eventually die and require replacement. The driving record is a primary factor that determines how much you’ll pay. Licence Number : IRA/05/30639/2016. Therefore, you ought to select something which will meet your specific needs. Sometimes, these sites’ coverage might be spotty and incomplete. It is a great step you are taking when you decide to purchase a car. Therefore, as a savvy buyer, you must always be ready. Try your best not to roll a balanced upside down loan into a new one only because you’re tired of the old car. Never extend a car … Buying a car will impact your ability to save. That’s why we’re here. If it’s a just-launched/popular model, expect to pay full MSRP sticker. Very few people pay cash. But, the dealership will give you less money than what you’d get from a private buyer. Please refer to our Terms and conditions on this website. They’ll do so immediately they realize that your sole focus is on payment. Instead, they keep some as extra profit. This also requires a bit if research to help you understand the difference between buying a new car and buying a used one. Ensure to be realistic about the old car’s condition. In fact, how would you do that and expect to win the best possible deal? 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. From your requirements to your budget, there are plenty of factors to consider before you commit to a purchase. Every car in each automaker’s lineup is accessible for your scrutiny. 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. Of course, that’s aside from a new home. But, that’s a surefire way to retire broke is foolishly wasting money on a car. For instance, there are cases where you’ll seek online reviews of a dealer you’re considering only not to find any. Buyers should choose vehicles with features that meet their needs but avoid extra features are unnecessary. Buying a used car can be risky. Of course, we’re not talking about their name. Choose which loan works for you. Owning a personal car was once a preserve for only the very rich. Research on the different pros and cons of different kinds of cars before you set out to buy that car. Owning a car in this day and age has become a necessity especially with a growing middle-class that has more disposable income. No, they don’t purchase new cars like they’d buy clothes. But, following the above guide will get you in the right direction. Different individuals will have different needs for a car. But, typically, they’re less likely to go down than up. Here, you’d be staking thousands of dollars. In no particular order, the biggest factors to consider before purchasing a vehicle include: Your debt to income ratio. Even with rebates, discounts and negotiation, you will be paying top dollar. 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. Maybe you intend to replace your old ride with a new one. Your long-term happiness with such a purchase is at stake here. Going for cheaper and common brand cars will save you more money on the insurance, spare parts and servicing. It’d be right to call such people brand loyalists. Some dealers can help you get the right financing for your car and help you with the paper work that is needed. Of course, you’ve neighbors, family, and friends all around you who’ve purchased cars. They’ll then narrow down the potential choices to 3-5 models. For that reason, we’ll ensure that this guide makes you fully prepared for this potentially daunting experience. This is because the second hand cars may not have their manufacturer presence in the country. In turn, that promises long-term satisfaction with the purchase you’re about to make. 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. But, ensure that their loan terms and rates are similar to your pre-approved loan. If you are purchasing your car with a hire purchase loan, consider your loan eligibility. As well, the model, make, and kind of car you intend to insure will be accounted for. That doesn’t also suggest that dealers will simply give the cars away. Take keen notes. So you have narrowed down on the car that you want and are comfortable with its pros and cons. Total costs of ownership add up quickly. Similarly, you might receive coupons in your mail which entitle you to such rebates. You’re aware of what you need and want. 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. You should always consider the additional ownership costs when buying a brand new car. 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. Nov 8, 2015 by Jasmine Watts. 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. Some of us are empty nesters who’ve been saddled with underfunded 401Ks and college bills. This has however changed over the years with more and more car brands competing for sales hence bringing the cost of cars relatively low depending on the brand you want. Like anything else, have a budget in place to help you get that car. Such include styling, color, reliability, technology, fuel economy, comfort, capacity, and so on. But, they barely spend the same amount of time to research new cars as the rest of the populace. First, ensure that you’re aware of what your credit rating is. 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