A car is a must for most people. The choice of car is now almost limitless, so finding the best price / quality ratio can be a daunting task.
To save money on buying a car, you need to take into account several nuances.
Purchase by installments
In order not to overpay a lot of money, try not to stretch the payment over time. This may not seem like a big deal,.
Old or new car
The vehicle is not an investment vehicle. Transport depreciates faster, so when you buy a new car, you can expect it to drop in value. In fact, a new car is usually. If your new car has been in service for five years, then from its original price. Thus, it makes more sense to buy a used car that has been in use for 3 to 5 years. Then you will save a decent amount of money.
Choosing the right car
Do you buy a car for yourself to get to and from work home? Then you probably don't need a $ 45,000 eight-seat SUV that can weigh over 2 tons.
Consider other costs
The actual cost of the vehicle is important, but what is often overlooked is. Keep in mind that premiums are usually higher for high-priced cars, so buying a more expensive car will increase your annual insurance costs. This can add up to hundreds, if not thousands, of dollars a year.
In addition to insurance,. Luxury or performance models will generally require more expensive parts, which can cost much more than budget car parts. In addition, it takes much longer to wait for the necessary spare parts for slow-moving car models, and they are even more expensive due to the inclusion of spare parts in the cost of delivering spare parts, for example, from abroad.
Finally, you need to consider The average vehicle mileage is 15,000-25,000 km per year. For a vehicle that consumes an average of 8-9 liters per 100 km, you can spend from $ 1000 to $ 1500 per year. Now consider a car that consumes much more, about 12-15 liters per 100 km. In this case, you will have to spend from $ 2000 per year and more.
Considering fuel consumption, oil changes, insurance, and regular maintenance, vehicle costs can range from $ 3,000 to $ 5,000 in addition to your monthly car loan payment each year.
Don't overpay for built-in hardware
Paying $ 1,500 or more, for example, for built-in satellite navigation when a handheld device costs several hundred dollars. With the further resale of their car, few buyers will be willing to pay extra for built-in equipment, when you can buy a portable and more modern one.
Haggle
When buying a used car, about the price that suits both you, the buyer and the seller. This can save you from a few hundred to a thousand dollars.
