If you are planning to get a car, whether brand new or secondhand, careful planning is very much needed. We want to get the most out of our hard-earned money and as much as possible, get a good deal. With the rising trend with the Transport Network Vehicle Services (TNVS) here in the Philippines, many people are encouraged to get a brand new car for business used. So, whether you are planning to get one for business or personal use, these five tips will help you get started.
1. How much is your budget?
The first thing you need to consider before making (any) purchase is of course how much money you have. You need to check your wallet considering the maintenance and insurance fees outside of your basic needs.
2. Cash or loan?
If you opted for a cash, you would want not to over exceed your allotted resources. Usually, you can get discounts on a cash basis. If you want to get a car loan, you need to consider the bank or lending companies you would want to borrow money. Try to compare the terms and interest rates and decide from there.
3. New or used?
With brand new cars, you can get the most updated features in the market brought by technological advancement. On the other hand, secondhand cars are way cheaper than brand new cars. But you need to be careful not to end up buying a lemon and spend more in repairs than the actual cost. It is best to bring a mechanic friend and do some test drive before making a deal.
4. Does it suit you?
Do you have a big family? You need to tailor-fit the car for your needs. We want a car that will be comfortable and can accommodate the size of our family. Choose the best model that suits your personality. Check also the accessories included.
5. Research for Reviews
Find honest reviews of those people who have actual experience of the vehicle, new or used. At Cars.com, you can get information that you need before buying. I find checking reviews really helpful before considering buying. At least you would know what to expect with what you are getting. Make sure you have enough knowledge on the car you are eyeing on, so you'll not be easily persuaded by sales people. Doing research can also help you know the competitive pricing of different dealers and get the best deal.
So there, I hope you learn something from this. Remember to make a wise choice before buying. All the best!
