You’re aware of what you need and want. 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. All these different brands have different sub-categories of cars under them making it a wider field to choose from. Also, they’ll consult ratings and make comparisons. 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. As well, the model, make, and kind of car you intend to insure will be accounted for. How much of your earnings will you allocate towards car payment? Licence Number : IRA/05/30639/2016. 4 factors to consider when buying a family car. Buying a car will impact your ability to save. Important Factors to Consider When Buying a New Car. Like anything else, have a budget in place to help you get that car. Luxury brands like Mercedes have both availability of spare parts and servicing from the manufacturers. Do your homework throughout this process. Here, you’d be staking thousands of dollars. In fact, the preparation should begin even before you set foot in that showroom. We want to help lessen the complication involved. Rhapta Road The MSRP includes hundreds – and sometimes thousands – of dollars of profit that the dealer will win. 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. Strive to get an amount close to the average ‘book value’ from the dealership. In fact, they qualify for some rebates that aren’t even made public. It’s thus time to do research to find the right car. You never wake up, decide to buy a new car, walk into … Car salespersons might turn your pockets inside out, why? It’s real. It’d be right to call such people brand loyalists. When looking for a new car, the world is your oyster. That’s not all. You’re confident that it’ll fit your budget. You’ve found your perfect car. It nice to want the finer things in life, however, you have to select a car that is budget friendly. Also, there’s no set price point to negotiate towards with any car! You should always consider the additional ownership costs when buying a brand new car. Simple, talk to people! A vehicle is a big investment so it’s important to do your research before you commit to a purchase. 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. Then, you should understand how the amount you’d afford each month translates into a car’s price. There is a thing called a perfect car. Sometimes, these sites’ coverage might be spotty and incomplete. This is because the second hand cars may not have their manufacturer presence in the country. 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. There are many things to consider before making your final choice about what vehicle to buy. Will you have a surplus to sustain y… On the other hand, there’s the Manufacturer’s Suggested Retail Price, often known as the ‘sticker’ price. It is no lie that having a family is such a great thing, however, that means you need to consider the needs of your entire family. 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. 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. Similarly, you might receive coupons in your mail which entitle you to such rebates. This research on the different dealers out there will also help you get information on the different incentives they have. Many buyers qualify for rebates. They’ll do so immediately they realize that your sole focus is on payment. You’ll thus be likely to win the best deal possible. 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’s time to decide what you’d want in your vehicle. So you have narrowed down on the car that you want and are comfortable with its pros and cons. Nearly 50% of all car buyers choose a new car based on their previous experience with another make or model. Insurers examine several factors to set insurance premiums. In your case, it might take less or even more than that. Of course, we’re not talking about their name. Determine if the dealership beats your pre-approved rates. Pricing varies with age, content, demand, and supply. There are other amounts to factor in here, as well. But, typically, they’re less likely to go down than up. It was status symbol that only a few could afford and the others aspire to. 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. Pesabazaar.com is authorised and regulated by the Insurance Regulatory Authority of Kenya. Buying a New Car. 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. Don’t walk into any dealership without having done research. Also, they spend an average of 10-15 hours doing so. But again, have fun while you’re reading and learning! Every car in each automaker’s lineup is accessible for your scrutiny. Very few people pay cash. The dealer will know that you are expecting a good deal. Any future home purchases. In fact, that’s a reassuring sign that you will win the bet at hand. It’s vital to define the differences between your needs and wants. Various studies have found that 80% of car buyers make use of the Internet to research about vehicles. Look out for car bazaars like the one on every Sunday at the Jamhuri Park along Ngong Road. 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. In no particular order, the biggest factors to consider before purchasing a vehicle include: Your debt to income ratio. Ensure to be realistic about the old car’s condition. For example, let’s assume you’re single without any plans of getting married. While vehicles may play a part as wealth creators, they can also be wealth destroyers. With so many different options out there, it can be challenging to make a decision. This can be done through the Kenya Revenue Authority and the National Transport and Safety Authority. They’ll then narrow down the potential choices to 3-5 models. Car dealers want to sell cars to stay in business. Likewise, don’t purchase a new Lexus model just because you can eventually afford it if you obtain a 5-year loan. Other things to consider before buying a new car are here in this article which explain in details in tips of buying a car. Do the research: Of course this is a hoary bit of advice, but it holds true every time. In turn, that will save you headaches and a significant deal of money. In honour of February, then, here are 10 things to think about as you prepare for and execute a new car buy: 1. Maybe you intend to replace your old ride with a new one. 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. Are you buying a new 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 … 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. 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. Now, you already know the car that’s right for you. 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. We wouldn’t advise you to walk into that dealership without such information. 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