So, in case your credit is poor, be prepared to pay more each month. You should work out a budget and plan. What do you do, now? is authorised and regulated by the Insurance Regulatory Authority of Kenya. Total costs of ownership add up quickly. For example, $400 a month for 48 months will buy you a $25,000 car, assuming a $3,000 trade in, a $4,000 down payment, and a low interest rate. Do the research: Of course this is a hoary bit of advice, but it holds true every time. You don’t always have the same safety nets you would have if you buy a new car. The driving record is a primary factor that determines how much you’ll pay. They’ll know that you mean business! Most people tend to finance, while others opt for leasing. You can then file an application for a pre-approved loan. Consider them with a high degree of seriousness. You can purchase a fully loaded minivan for those big family vacations, a sleek new sports car, or a stripped-down compact for your new college graduate. Buying a used car can be risky. As well, the model, make, and kind of car you intend to insure will be accounted for. In fact, how would you do that and expect to win the best possible deal? Other things to consider before buying a new car are here in this article which explain in details in tips of buying a car. 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. Nov 8, 2015 by Jasmine Watts. This is because the second hand cars may not have their manufacturer presence in the country. At the end of the day there are a few reasons to treat a new car purchase pretty seriously – not impulsively like I personally did in 2014. Worry not, though. If you buy a used car, it also important to make sure that you have cross-referenced the ownership details. There are two universal facts about buying a car that everyone needs to remember. Then, you’d simply need to go for a car that you can afford. You never wake up, decide to buy a new car, walk into … In turn, that makes for a strong buyers’ market. Similarly, they’ll have different wants. In honour of February, then, here are 10 things to think about as you prepare for and execute a new car buy: 1. Also, put these guidelines into action. Every car in each automaker’s lineup is accessible for your scrutiny. Then, you should understand how the amount you’d afford each month translates into a car’s price. November 22, 2013 By Michelle 3 Comments. Nairobi, Kenya Next, ensure that you’ve received them. It’s time to decide what you’d want in your vehicle. You’ll thus be likely to win the best deal possible. They take an average of 4-6 months to make the decision about which make and model they’ll purchase. The second question you need to ask yourself is, do you want a brand new car or do you want a used car. You should always consider the additional ownership costs when buying a brand new car. 6 Factors to consider while buying a new car insurance in India. Everyone has their set of requirements. Important Factors to Consider When Buying a New Car. Like anything else, have a budget in place to help you get that car. Keep in mind that gas prices are highly volatile. Will you have a surplus to sustain y… We’ll inform you about all you’d require knowing before purchasing that car. For that reason, we’ll ensure that this guide makes you fully prepared for this potentially daunting experience. Therefore, you ought to select something which will meet your specific needs. Are you buying a new car? Taking these two factors into consideration, choosing a brand that is known to have a good resale value is the smart way to go forward. Bottom line is, do you research on every step you take to buy that car to make sure you have made the absolute best decision on each step. That nice red Range Rover you like may not be what you can afford. It is therefore very important to do your research on the brand of that you want. Insurers examine several factors to set insurance premiums. Fuel is the main running expense for any motor vehicle owner although the emergence of hybrid and electric cars is starting to take shape. 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. Next, they’ll look up reviews, prices, and factor in rebates and incentives. Spending hours, days, and months researching reviews and comparing smartphones or laptops isn’t a cost-effective means to spend time, is it? For obvious reasons, a good, clean record would be preferable to an insurer. This has however changed over the years with more and more car brands competing for sales hence bringing the cost of cars relatively low depending on the brand you want. To put it into perspective, there were 85,063 cars imported into the country in 2017 which was a actually a drop from 2016 which saw approximately 109,781 come in. In India, most car owners buy a car insurance policy because it is an obligation. Good credit will enable you to access low-interest rates. Strive to get an amount close to the average ‘book value’ from the dealership. 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. It’s less likely that you’ll just wake up and decide to purchase a new car, then walk into a showroom, swipe a debit or credit card, and drive away. Most people cannot buy a car in cash and the best option is to borrow a loan. The sky is quite seriously the limit. You can look up the ‘book value’ of the trade in using different resources. We highly advise that you research the dealers. Do your homework throughout this process. The struggles and hurdles facing the auto industry are unprecedented; so are the deals availed to potential buyers. Try to book the car for 24 hours if you can so it's thoroughly tested. If you’re in the market for a new car, you may feel overwhelmed by all of the factors that you need to consider. You have put a few factors into consideration before buying a car. You’re more likely to acquire money for the old car if you sell it on your own. Determine if the dealership beats your pre-approved rates. Starting at 800 cc, vehicles on this capacity can do up to 25km per litre such as the Suzuki Alto being used currently for Uber Chap Chap in Nairobi. Choose which loan works for you. But again, have fun while you’re reading and learning! Yes, one thing to consider is to purchase a family vehicle and that calls for a lot of factors to consider. 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