September 25, 2021
Buying a car involves a commitment to much finance, and so when you decide to buy one, you don’t want to have buyer’s remorse. Seeing informed decisions are more trustworthy than uninformed ones, let us look at the following tips to buy the right car.1
The first challenge will be deciding which car it should be, which may take some time, as you may initially have several favourite vehicles. However, as you obtain more information about them, you’ll eventually end up with the one car you are most passionate about.
Most manufacturers have Vehicle Configurators available on their websites. This handy application enables you to assemble the car of your dreams. You can choose from high-tech upgrades to specific trim packages until you are satisfied with what you’ve found, as well as the cost involved.
Searching inventories on car dealers’ websites will show you if your car is available. If not, the specific dealership could place you on their waiting list. They may establish if your vehicle is perhaps at one of their other branches if you ask them. You may have to travel to some remote dealership to buy the car.
You may find that the silver colour you wanted is unavailable right now, and you may have to wait quite a while. If need be, be prepared to settle for something different, such as white or blue instead. You may have to consider this, especially if the car you want to buy comes from a limited production.
You may want specific leather seats and other optional extras, but you may have to wait for some time. But to you, your car is well worth the patience it will cost you.
Be mindful of the cost of all these optional extras and the other costs such as car insurance. Do you need that expensive infotainment system and heated seats? Perhaps stick to the entry-level model or not, depending on what you want from your new car.
It’s easy to let emotion have her way, but in the end, you must still be able to afford the monthly payments if you are not buying the car for cash. So, ensure that monthly vehicle payments don’t exceed 20% of your monthly income.
There is nothing like sitting in the driver’s seat and getting a feel for a new car. Walk around the car, inspect, and test. Then, when you get a feel for the basic model, you can see if the more expensive trim levels with all their optional extras are worth it.
Complexity is a crucial characteristic of car insurance, and that’s why this article can only provide information. For the same reason, it is recommended you first consult a certified financial advisor for professional advice before purchasing an insurance product.
Once you have decided to purchase your dream car, you need to ensure it is sufficiently protected against any accidents in South Africa. You can find yourself in a difficult position if you have no cover at all. Contact PMD for affordable, comprehensive car insurance with unique benefits such as fixed premiums* and a reduce to zero excess*. T’s and C’s apply.