Ready to buy a new car?
That’s exciting. For many South Africans, a car is the second biggest purchase they will ever make after a house. As this is a pretty big deal, you want to make sure you buy the right car.
Even after going through reviews, determining a budget, investigating long-term costs and test driving a few possibilities, deciding on what car to purchase can be very overwhelming.
We’d like to give you a few tips to make the process of buying a new car less daunting.
Educate yourself on cars.
It’s always better to be an informed buyer so make sure you know the recommended selling prices of various cars so that you can shop around for the best price. You also need to know what’s included in the cars’ sale prices as well as which features are listed as optional extras and how much more these extras cost. Find out what affects the depreciation rates of cars in South Africa.
Look out for deals.
If you can save a few thousand rands on a car purchase, do so. Car dealerships may offer discounts and sales later on in the year to reach annual sale targets. Also, check out the prices and deals on older car models when new models come out as dealerships often need to clear old stock so they sell off the older models for less.
Be careful when financing your car.
Make sure you understand all the terms and conditions that come with financing a car - specifically in terms of the interest rate you will be paying on the loan.
Get car insurance.
This is a non-negotiable. Don’t buy a car that you cannot afford to insure. If you do not insure your car with comprehensive car cover, you will end up losing a lot of money if your car gets stolen or crashes.
Get a great price for your old car.
Research what your old car is worth and make sure you get the most money you can for it. Buy My Cars can help you get the best deal for your car.