Tips To Consider Before Buying a New Car

Are you looking to buy a new car? If so, congratulations!

If you are in the market looking to purchase a new car, chances are you have a barrage of questions or a checklist you need ticked off. However, the excitement of the whole process can get you all flustered too. 

Gumtree gives you the top 5 things to look out for before buying your dream vehicle.

  1. Review your budget: Even before looking for cars, it is imperative you understand and set your budget. Check your monthly statements for the last year to see how much you can afford to spend on the car on a monthly basis. Ask around to see what the best interest rates you can secure are. And finally, understand that buying a car is not just about the price of the car. You need to include additional costs such as fuel, insurance, sales tax and any add-ons you are interested in.
  2. Understand your needs: Once you have a budget in place, you need to assess what kind of car you need (and want). For example, a 20-year-old will have very different needs from a father of two.
  3. Research, research, research: Now that you have a budget in place and know what exactly you are looking for, research car brands and models to find the perfect fit. Use online tools to compare prices, check reviews and analyse safety ratings before narrowing down on a model.
  4. Insurance: As mentioned previously, there are additional costs that go into buying a car and a large chunk of that is insurance. Insurance companies set their premiums according to the make and model of car. This means you may pay less or more than what you were earlier. Get several quotes from various insurance companies to get the best deal.
  5. Financing: Obviously paying a car off in cash is not feasible for most of us. Gumtree recommends getting in touch with different banks to determine who can give you the best interest rate for a car loan.

Now that you’ve got the knowledge, it’s time to shop! Head to gumtree.co.za or your Gumtree app (click for Apple & Android) and don’t forget to use your location settings to find local automotive vehicle information close to home.

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