7 Common Mistakes of First Time Car Buyers
Is it exciting to drive a new car? Unlike first world countries where buying a car is just a common feat, cars tend to be an accomplishment in the Philippines. Why? It simply costs a lot of money. Unfortunately, there are instances when first-time car buyers commit mistakes while purchasing their vehicles.
Not knowing the features and reviews
If you are going to purchase a car, you need to always make sure that you have done your own research. Is your car a bit too small for your use? What are the features that make it a perfect car for you and your family? Also, is there anything that you should be worried about? The internet can provide you with all of these answers.
Having a car that isn’t efficient
Were you caught off guard by the looks of the car? Yes, there are times when our need for other people’s approval tends to get the best of us. Does an SUV make you more manly than a simple 8-year-old sedan? There are times when first-time car buyers go for larger, less efficient vehicles to boost their self-esteem.
Not paying attention to the details during a test drive
It is imperative that you always test drive the vehicle. Here, you will know exactly how it feels to drive the vehicle. For some first time buyers, they are way more excited to buy the car than to know just how it feels driving the vehicle.
Not bringing a licensed mechanic
You also need to check what is under the hood. For most people who are clueless on how to inspect a car’s engine, having a licensed mechanic by your side is a must. Here, they can tell you exactly what to expect. They will check not only the mileage but even assess the overall wear and tear of the vehicle.
Buying brand new vehicles
The thing with the automotive industry is that cars depreciate fast. If you are going to buy a new car, don’t be surprised if it ends up P100,000 cheaper just within a span of 1 year. To be practical, you can consider used vehicles. A 5-year-old car that is well maintained can already make up most people’s day to day needs.
Not doing enough comparison
Why is it important to compare cars for sale? Here, you will be able to evaluate which one is the right purchase for your needs. Not only do you need to compare the price, but you also need to check the overall condition of the vehicle. This way, you get the best option out there that is available for you.
Failure to window shop for the right car insurance policy and financing options
Lastly, you need to make sure that you are going to window shop for the best financing option available for you, as well as the right car insurance policy. The financing option should be convenient on your part. Also, as a rule of thumb, always check the reputation of the financing institution. As for the insurance, you need to evaluate closely what you need, as well as the cost of your premium. iChoose.ph offers a comparison between different car insurance firms.
If you are going to buy a car, you need to stop being impulsive. Impulsive behavior is typically related to these 7 common mistakes. Try to give it some time and work with what you have.
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