One of the most intimidating things to do in the capitalist world is to buy a new car. The sheer amount of money involved makes even the hardest of men turn into jelly, and with good reason. There are so many choices and configurations involved with cars that the normal human brain can never really decide on anything concrete in a short span of time. Therefore, it is necessary that everyone looking for a new car will be oriented with some tips for buying a new car in the Philippines.
Consider used cars
First and foremost, consider second-hand cars before you really jump the gun to a brand new model. There are a good number of advantages with buying a used car, including the lack of need for breaking it in and a lower price. Of course, there is considerable risk in buying cars that have already been owned by other people, but that can be alleviated through some smart choices. One of the most basic is to read reviews about that particular model and see if they have a reputation for reliability. That should ease your worries for even just a bit.
Fuel consumption
Whether you get a brand new or used car, fuel economy is a top priority criterion. Take note of your needs above everything else, even if the urge to get the best looking thing is irresistible. If it is just for personal transportation, then a 2-door coupe is enough, while a 4-door sedan is more for people who would take in passengers on a regular basis. You may get bigger cars when you need to, but that is just about what you really need. The smaller and lighter the car, the more you will save on fuel and other running costs.
Selling and trading the car in the future
Make a well research on the model’s value and depreciation rate. A car is not exactly something that you can fit into your pocket, so you have to find a way to get rid of it once you either have no use for it anymore or just want to replace it with a newer one. In fact, the rule of the thumb is that you should be ready to sell a car off after around five years or so in order to get the most resale value out of it. If a car had depreciated to more than half the original price by that time, you know that you have gotten a bit of a bad deal.
Ask from the experts
Always get second opinions from those who know a lot more about cars than you do. They would have the experience that you can make the most of during the process of buying one. They will tell various things about different models and brands that you must know in order to prevent any sort of malfunction or annoyance once you do own one. They may also know certain places where you may get a good deal, so it should not hurt to ask at all. There are online communities or online forums of people who owned different kind of cars and people who share and exchange their ideas and experiences about cars and automobile on the Internet. You can join them and ask anything about buying, choosing a brand, selling and just anything about cars.
There are other things that you can do in order to get the best value out of your hard-earned money, including getting the best car loans and so on. The Internet is a great resource for these things, so try to browse around and shop for something more than just a tin can with an engine in it.
Writing for almost a decade, Kristel Cuenta is one of the contributors of BusinessTips.Ph. She took up Bachelor of Arts/Bachelor of Secondary Education Major in Literature in college. She has practiced teaching English subject in a secondary school until she decided to use her writing skills and passion for generating an income. Follow Kristel on Twitter @kristelcuenta
I like the tips about buying a new car in the Philippines that you share. I like the idea of always get second opinions from cars experts.