Now, you’ll get serious about purchasing your selected vehicle. It’s an opportunity to evaluate factors like acceleration, handling properties, comfort levels, and the in-vehicle technology. In case your record features accidents and tickets, you’ll pay more. 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. But, the dealership will give you less money than what you’d get from a private buyer. The availability of spare parts and servicing greatly influences the costs involved in running the car. Three Important Factors to Consider When Choosing a Car With nearly 300 different new car models available for sale, choosing one can be quite overwhelming. Maybe, you belong to an organization(s) that entitles you to additional rebates. There are many things to consider before making your final choice about what vehicle to buy. It refers the price the dealer pays the manufacturer for a car. It’ll help you to plan the car financing options available better. 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. We are still in the age of fuel and diesel cars of the combustion engine since its invention in 1876 by Nikolaus Otto. This post may contain affiliate links. With the increasing cost of petrol now at KSh 103/litre, it can quickly bite into your pocket. 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. Purchase from a fair and cooperative dealer. Going for cheaper and common brand cars will save you more money on the insurance, spare parts and servicing. Take a look at your monthly commitment, and consider how much you can afford to pay for your car every month. We highly advise that you seek multiple quotes from different companies. Of course, you’ve neighbors, family, and friends all around you who’ve purchased cars. This means if you make a purchase, I may receive a commission at no cost to you. You won’t be required to do any of that stuff if you trade the car in. In fact, they qualify for some rebates that aren’t even made public. If you buy a used car, it also important to make sure that you have cross-referenced the ownership details. That’s not all. Research on the different pros and cons of different kinds of cars before you set out to buy that car. Different individuals will have different needs for a car. As well, decide on your mode of payment. Nov 8, 2015 by Jasmine Watts. PESABAZAAR.com Sometimes, these sites’ coverage might be spotty and incomplete. inquiries@pesabazaar.com. You may have saved for the car or you could consider taking a loan. But, typically, they’re less likely to go down than up. Various studies have found that 80% of car buyers make use of the Internet to research about vehicles. Buyers should choose vehicles with features that meet their needs but avoid extra features are unnecessary. comprehehensive car insurance quote in Kenya, All New Full Electric Tesla Model 3 For KSH 3,000,000, Common Financial Mistakes Young Kenyans Make. When we talk about fuel, Maruti Suzuki might … We look at five essential factors you should look at before buying a family car. Simple, talk to people! You should then let the dealer know that you’re aware of that car’s invoice price. Look out for car bazaars like the one on every Sunday at the Jamhuri Park along Ngong Road. That is why owning a car can eliminate at least a million dollars in future value from a retirement account. You’ll thus be likely to win the best deal possible. No, they don’t purchase new cars like they’d buy clothes. Every car in each automaker’s lineup is accessible for your scrutiny. Keep in mind that gas prices are highly volatile. But, that’s a surefire way to retire broke is foolishly wasting money on a car. 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. 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. 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. Factors to Consider When Buying a New Car. You should always consider the additional ownership costs when buying a brand new car. Total costs of ownership add up quickly. It’s thus a wise thing to know all rebates which you qualify for. Discuss the options you’ve with your current credit union or bank. On top of the servicing costs of the car, we also have the annual insurance costs. They take an average of 4-6 months to make the decision about which make and model they’ll purchase. Luxury brands like Mercedes have both availability of spare parts and servicing from the manufacturers. 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. It’d be right to call such people brand loyalists. Having a budget will also help you narrow down to the kind (new or used) and brand of car that you want. Are you in the process of buying a new car? It’s thus time to do research to find the right car. The sky is quite seriously the limit. 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? With so many different options out there, it can be challenging to make a decision. 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. 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. New cars often come with advanced safety features such as adaptive headlights, automatic parking, and backup cameras. 0800723340 The MSRP includes hundreds – and sometimes thousands – of dollars of profit that the dealer will win. Strive to get an amount close to the average ‘book value’ from the dealership. We wouldn’t advise you to walk into that dealership without such information. Car dealers want to sell cars to stay in business. There is a thing called a perfect car. 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. It might feel great to commute in style and impress those around you. 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. Next, they’ll look up reviews, prices, and factor in rebates and incentives. Never extend a car … On the other hand, there’s the Manufacturer’s Suggested Retail Price, often known as the ‘sticker’ price. For example, let’s assume you’re single without any plans of getting married. They should tell you whether they were happy with the dealer and the car. Buying a used car can be risky. These, and many more, are just some of the fun features to consider when looking for a new family car. A new car is an investment; it’s something that you will use for many years, meaning that you should carefully choose your car. Car salespersons might turn your pockets inside out, why? There are a lot of things to consider when buying a new car, including safety, driving comfort and price. Consider them with a high degree of seriousness. If it’s a just-launched/popular model, expect to pay full MSRP sticker. We can’t guarantee that you’ll get the best deal on a car purchase. Many buyers qualify for rebates. People don't buy cars like they buy microwave ovens. What do you do, now? Do your homework throughout this process. We have so many car dealers in this country and some are conveniently online such as cheki.co.ke so before you set out to buy that car, compare prices. But, people don’t purchase cars like they buy household items. In fact, dealers are known for not availing all discounts available to them. Of course, we’re not talking about their name. 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. Is authorised and regulated by the term ‘invoice price’ t always have annual! Easier to know whether to buy a new car, the world your! 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