Practical Considerations When You Buy a Car
You are planning to purchase your own car. This could be an exciting time for anyone. Despite the traffic, it makes a huge difference in the Philippines if you have a car. But of course, you should never do it in a very compulsive manner.
If you will compare the cost of cars in the Philippines to that in North America, you’ll be surprised how it is more expensive to buy a car here! Though consumers have lower buying power in the Philippines, taxes and shipping costs could contribute to this scenario. For anyone who is going to purchase a car, here are some practical considerations that you don’t want to miss.
One of the most important considerations is seating capacity. Do you buy a two-seater Mazda Miata when you have to bring five kids to school? Of course, this makes a very impractical purchase. You need to know how many people could sit all at once. For most people, they base the seat capacity consideration depending on the number of family members that they have.
What is your daily routine? Do you tend to go outdoors, long drives, or driving in rugged terrain? These are all considerations that you need to look into if you wish to purchase a car. If you are the type who regularly performs these types of activities with your vehicle, you may want to get a vehicle that has 4×4 capability.
Cost of living and Price Range
How much does the car cost? You have to check the cost of the car in order to determine if it is really a good pick. Do you tend to have a budget for a P1 million car? Or perhaps, you could only afford a P300,000 second-hand vehicle?
Aside from the price of the car, you also have to always consider your cost of living. Do you think that it is practical to allocate at least P20,000 worth of monthly fee for the next years to come just to pay the car loan that you just took? Always check how much you spend monthly. This way, it is possible to assess if the price range of the car is really practical for you.
Repairs and other costs
It is a good idea that you invest in a car; however, you need to be aware of the fact that there are additional costs to this endeavor. You will need to make sure that you also check the possible repairs and maintenance costs. Also, you want to make sure that you purchase a car insurance policy to have the right peace of mind.
Condition of the engine
No matter how good the deal is, you have to always consider the engine’s condition. You want to make sure that you don’t have to spend on these costly repairs, especially if you are going to purchase the car on an as-is-where-is basis.
Will the insurance still cover the car?
Not all cars can be covered by an insurance policy. You have to remember that insurance companies are also looking at their risks. This means that if there is a high probability that the car is going to breakdown on the road, they will most likely not cover the car.
Are you planning to buy a new car? If you are planning to buy a new car, you might as well check with iChoose.ph cars that are most likely covered by your local car insurance companies.
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