Youâll require something safe and roomy in case youâre planning to become a parent or are one. 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. Donât forget the cost of insurance premiums, too. 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. When we talk about fuel, Maruti Suzuki might … Some dealers can help you get the right financing for your car and help you with the paper work that is needed. Yes, cars eventually wear out and prompt for replacement. Take a look at your monthly commitment, and consider how much you can afford to pay for your car every month. Please refer to our Terms and conditions on this website. Other factors considered include age, gender, common location of driving and your marital status. Car salespersons might turn your pockets inside out, why? 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. Establishing your budget for a set of wheels will be easy when paying cash. Ensure to be realistic about the old carâs condition. Do your homework throughout this process. Similarly, you might receive coupons in your mail which entitle you to such rebates. Purchase from a fair and cooperative dealer. Maybe you intend to replace your old ride with a new one. This can be done through the Kenya Revenue Authority and the National Transport and Safety Authority. But again, have fun while youâre reading and learning! However, make sure not to pay for technology and features that you will not use. For instance, youâll want to consider the annual registration fees, insurance premiums, and gasoline. Try to book the car for 24 hours if you can so it's thoroughly tested. Of course, weâre not talking about their name. We wouldnât advise you to walk into that dealership without such information. Know the much you can spend on a car. Now, youâll get serious about purchasing your selected vehicle. Theyâll do so immediately they realize that your sole focus is on payment. 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, decide on your mode of payment. 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. Never extend a car … Instead, they keep some as extra profit. In fact, the preparation should begin even before you set foot in that showroom. If you buy a used car, it also important to make sure that you have cross-referenced the ownership details. For instance, consider checking out LendingTree.com and Bankrate.com. 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. 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. How much of your earnings will you allocate towards car payment? 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. 0800723340 Pesabazaar.com is authorised and regulated by the Insurance Regulatory Authority of Kenya. While vehicles may play a part as wealth creators, they can also be wealth destroyers. Buying a New Car. People don't buy cars like they buy microwave ovens. We canât guarantee that youâll get the best deal on a car purchase. Similarly, theyâll have different wants. Also, consider things like reconditioning, price negotiation, and ownership transfer. Various studies have found that 80% of car buyers make use of the Internet to research about vehicles. Insurers examine several factors to set insurance premiums. However, youâll endure all the hassle that accompany advertising, arranging for test drives, and the necessary paperwork. It was status symbol that only a few could afford and the others aspire to. The dealer will know that you are expecting a good deal. So, in case your credit is poor, be prepared to pay more each month. Also, thereâs no set price point to negotiate towards with any car! 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. It refers the price the dealer pays the manufacturer for a car. Strive to get an amount close to the average âbook valueâ from the dealership. For obvious reasons, a good, clean record would be preferable to an insurer. You’ll thus be likely to win the best deal possible. There may be similar cars that you can purchase that is budget friendly. Keep in mind that gas prices are highly volatile. Next, you should look up that carâs invoice price. Unfortunately, there are countless horror stories about people who did not do their homework when it came to this type of purchase. First, you ought to establish your budget before doing anything else. One of the most notable factors in buying a new car may be the safety devices, features, and technology. You never wake up, decide to buy a new car, walk into … When looking for a new car, the world is your oyster. But, following the above guide will get you in the right direction. Look out for car bazaars like the one on every Sunday at the Jamhuri Park along Ngong Road. Try your best not to roll a balanced upside down loan into a new one only because youâre tired of the old car. You can easily make use of your pre-approved loan as a baseline against which your dealer will compete. What if youâre leasing or financing? Itâs thus a wise thing to know all rebates which you qualify for. Pricing varies with age, content, demand, and supply. There are two universal facts about buying a car that everyone needs to remember. Licence Number : IRA/05/30639/2016. image credit, Dodge. But, typically, theyâre less likely to go down than up. 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. Good credit will enable you to access low-interest rates. But, the dealership will give you less money than what youâd get from a private buyer. Those seeking something completely different to drive will compare vehicles. Discuss the options youâve with your current credit union or bank. 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. However, those are just average values. A new car is an investment; it’s something that you will use for many years, meaning that you should carefully choose your car. Fuel is the main running expense for any motor vehicle owner although the emergence of hybrid and electric cars is starting to take shape. Most people tend to finance, while others opt for leasing. Itâs real. In fact, thatâs the main reason why there are so many models and makes on the market. In no particular order, the biggest factors to consider before purchasing a vehicle include: Your debt to income ratio. From your requirements to your budget, there are plenty of factors to consider before you commit to a purchase. No matter how low your EMI may be, if the car doesn’t have good mileage, you will end up paying more. There is a thing called a perfect car. Therefore, as a savvy buyer, you must always be ready. That doesnât also suggest that dealers will simply give the cars away. 4 factors to consider when buying a family car. Of course, thatâs aside from a new home. They should tell you whether they were happy with the dealer and the car. Know why you want a car and research on the best one to fit that purpose. Multiple websites allow customers to post reviews of the various dealerships available. Car dealers want to sell cars to stay in business. Bottom line is, do you research on every step you take to buy that car to make sure you have made the absolute best decision on each step. All these different brands have different sub-categories of cars under them making it a wider field to choose from. Buying a used car can be risky. The struggles and hurdles facing the auto industry are unprecedented; so are the deals availed to potential buyers. 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