We are still in the age of fuel and diesel cars of the combustion engine since its invention in 1876 by Nikolaus Otto. It is no lie that having a family is such a great thing, however, that means you need to consider the needs of your entire family. Nov 8, 2015 by Jasmine Watts. Of course, we’re not talking about their name. We want to help lessen the complication involved. The second question you need to ask yourself is, do you want a brand new car or do you want a used car. Establishing your budget for a set of wheels will be easy when paying cash. This means if you make a purchase, I may receive a commission at no cost to you. 0800723340 It was status symbol that only a few could afford and the others aspire to. Everyone has their set of requirements. With the increasing cost of petrol now at KSh 103/litre, it can quickly bite into your pocket. There are other amounts to factor in here, as well. It’d be wiser to plan for the financing for now. In turn, that promises long-term satisfaction with the purchase you’re about to make. However, those are just average values. This sounds like a silly question to ask yourself before buying a car but it is an important one. Now, you already know the car that’s right for you. Unfortunately, there are countless horror stories about people who did not do their homework when it came to this type of purchase. 6 Factors to consider while buying a new car insurance in India. As well, the model, make, and kind of car you intend to insure will be accounted for. There are two universal facts about buying a car that everyone needs to remember. In fact, that’s a reassuring sign that you will win the bet at hand. You can purchase a fully loaded minivan for those big family vacations, a sleek new sports car, or a stripped-down compact for your new college graduate. Bottom line is, do you research on every step you take to buy that car to make sure you have made the absolute best decision on each step. These are the standard features which must be applied to all cars starts from 2017 imported or local made according to global NCAP till 2020. Cars do not come cheap so you need to have a clear plan on how you will pay for that car, be it new or used. Strive to get an amount close to the average ‘book value’ from the dealership. New cars cost more than used cars. We wouldn’t advise you to walk into that dealership without such information. Owning a car in this day and age has become a necessity especially with a growing middle-class that has more disposable income. From your requirements to your budget, there are plenty of factors to consider before you commit to a purchase. While vehicles may play a part as wealth creators, they can also be wealth destroyers. People, in general, do not compare car insurance policy and base their buying decision based on the low premium cost. It’s time to decide what you’d want in your vehicle. It’s vital to define the differences between your needs and wants. Yes, cars eventually wear out and prompt for replacement. Determine if the dealership beats your pre-approved rates. Of course, that’s aside from a new home. The driving record is a primary factor that determines how much you’ll pay. If so, you’ll then need to determine whether you’ll sell the vehicle on your own or trade it in at the dealership. This is perhaps the most factor to consider when buying a car especially the second hand cars. Then, you’d simply need to go for a car that you can afford. This research on the different dealers out there will also help you get information on the different incentives they have. The availability of spare parts and servicing greatly influences the costs involved in running the car. On top of the servicing costs of the car, we also have the annual insurance costs. Also, they’ll consult ratings and make comparisons. Wait, there’s the bad news. You’re confident that it’ll fit your budget. Find out how different dealers have priced the car that you want. Research on the different pros and cons of different kinds of cars before you set out to buy that car. Any future home purchases. Still, there are remaining crucial steps to take before making any deal. If you’re in the market for a new car, you may feel overwhelmed by all of the factors that you need to consider. For example, let’s assume you’re single without any plans of getting married. Very few people pay cash. The dealer will know that you are expecting a good deal. They’ll then narrow down the potential choices to 3-5 models. It’s not yet time to head to the dealerships, yet. You’ll relate your wants with various factors. With so many different options out there, it can be challenging to make a decision. You’ll require something safe and roomy in case you’re planning to become a parent or are one. It’d be right to call such people brand loyalists. Here, you’d be staking thousands of dollars. Keep in mind that gas prices are highly volatile. Do the research: Of course this is a hoary bit of advice, but it holds true every time. In India, most car owners buy a car insurance policy because it is an obligation. What do we imply by the term ‘invoice price’? That nice red Range Rover you like may not be what you can afford. In turn, that makes for a strong buyers’ market. A vehicle is a big investment so it’s important to do your research before you commit to a purchase. But, the dealership will give you less money than what you’d get from a private buyer. Those seeking something completely different to drive will compare vehicles. The Choice of a New Car: 5 factors to consider while buying a new car in India Jul 29, 2019 Jul 29 • Auto Mode Buying a new car is quite an event in India, especially for a middle class family. But, ensure to factor in the registration fee and the sales tax on your purchase. First, cars are known to be depreciating assets and second, they are bound to be upgraded in a few years. In case your record features accidents and tickets, you’ll pay more. For instance, you’ll want to consider the annual registration fees, insurance premiums, and gasoline. It’ll help you to plan the car financing options available better. These, and many more, are just some of the fun features to consider when looking for a new family car. Yes, one thing to consider is to purchase a family vehicle and that calls for a lot of factors to consider. November 22, 2013 By Michelle 3 Comments. Total costs of ownership add up quickly. If it's more or less, so be it. As well, decide on your mode of payment. 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