Tips to Buy Car
Recently, a friend of mine asked me for my opinion in buying a car. Well, I think to buy a car is not like simply go to a car shop, and sign on anything they give you. It's not like buying a dress! Even if we are to buy dress, we will look and judge several aspect (especially price) before getting one.
Well, my opinion, here are some aspects that one should think before getting themselves a car:
1. Cost range
2. Type of car (big, small, medium, local car, non local car)
3. The economy & environment
4. The needs of the car
5. Several bank interest rate
1. Cost range
This is very important. The first and easiest way to filter is to look on our own capability to afford what cost of car. Is it 30K, 40K or 50K? Or more than 50K? Most people go for car they like and ignore this. The reason I say this is very important because it really depends on our own affordability before commiting into a loan which may last for 3 years to 9 years. Imagine paying 700-800 per month when the salary is below 2000. Will this be a pinch?
2. Type of car
For big family, it is better to get a bigger car so that whole family can get together all the time. For small family, there is no point in getting a big car. It only takes up space and waste petrol. Hahaha! That's my opinion. Other than that, local or non local car is very important in consideration as well. Local cars tends to have higher interest rate (don't ask me why). But spares part easily to get. What will you do with the car? Travel from town to town? Or just to drive to work and shopping?
3. The economy and the environment
Well, everyone knows that this is not the right time to buy car. Economy is dropping each day and probability of retrenchment in company is very high. For the economy now, it is wise not to commit into huge amount of loan. Lower cost car is easier to commit compare to a higher cost. Also the environment in which the car will be used.
4. The needs of the car
Do your job requires you to have car to go places? How far will the location be? Do you need to travel from places which is thousand miles away everyday? Well, if you need to travel a lot with your car, it is not wise to get small car (such as Kancil) due to maintenance cost later on.
5. Several bank interest rate
Don't hear what the salesman tell you. Find it out yourselves! Normally salesman would just recommend the bank in which they have better relation to fastened the loan approval. This bank may have high interest rate compares to other bank. 3.5% and 4% has a huge different if you add in all the different over the years!
Lastly, remember that car is a SURE LOST INVESTMENT. The moment you buy car, the price will drop! You will never get a higher cost if you sell the car. Get a car that suits your needs, not suits your desire and ego!
Well, my opinion, here are some aspects that one should think before getting themselves a car:
1. Cost range
2. Type of car (big, small, medium, local car, non local car)
3. The economy & environment
4. The needs of the car
5. Several bank interest rate
1. Cost range
This is very important. The first and easiest way to filter is to look on our own capability to afford what cost of car. Is it 30K, 40K or 50K? Or more than 50K? Most people go for car they like and ignore this. The reason I say this is very important because it really depends on our own affordability before commiting into a loan which may last for 3 years to 9 years. Imagine paying 700-800 per month when the salary is below 2000. Will this be a pinch?
2. Type of car
For big family, it is better to get a bigger car so that whole family can get together all the time. For small family, there is no point in getting a big car. It only takes up space and waste petrol. Hahaha! That's my opinion. Other than that, local or non local car is very important in consideration as well. Local cars tends to have higher interest rate (don't ask me why). But spares part easily to get. What will you do with the car? Travel from town to town? Or just to drive to work and shopping?
3. The economy and the environment
Well, everyone knows that this is not the right time to buy car. Economy is dropping each day and probability of retrenchment in company is very high. For the economy now, it is wise not to commit into huge amount of loan. Lower cost car is easier to commit compare to a higher cost. Also the environment in which the car will be used.
4. The needs of the car
Do your job requires you to have car to go places? How far will the location be? Do you need to travel from places which is thousand miles away everyday? Well, if you need to travel a lot with your car, it is not wise to get small car (such as Kancil) due to maintenance cost later on.
5. Several bank interest rate
Don't hear what the salesman tell you. Find it out yourselves! Normally salesman would just recommend the bank in which they have better relation to fastened the loan approval. This bank may have high interest rate compares to other bank. 3.5% and 4% has a huge different if you add in all the different over the years!
Lastly, remember that car is a SURE LOST INVESTMENT. The moment you buy car, the price will drop! You will never get a higher cost if you sell the car. Get a car that suits your needs, not suits your desire and ego!
Comments
Well said!
Something to add...After sales service and then service of the car. And also, spare parts availability and cost. :)
Also, don't feel paiseh whenever you complain about the car when it is within the warranty ... Because after warranty, you will need to pay!!!
Btw, you got an award from me, grab it at http://kuchingnitefamily.blogspot.com (The Lings)
Thanks! Been long time I didn't get any awards.. Haha..
Raymond ... Thanks for coming here .. well, everyone has the first trial of buying car that will teach us how to choose a car in the future!