Many car lovers want power but this will come at a cost, the big fancy machines like Land Cruiser V8 will be rated at 4700 cc and at 5.5 km per litre. They’ll know that you mean business! It’s real. The fact is that most affluent car buyers seldom keep a new vehicle long enough to fully experience the long-term costs associated with sophisticated, high-tech vehicles. Don’t forget the cost of insurance premiums, too. Once you’ve reached and completed up to this step, you can smile since the hard part is over. For obvious reasons, a good, clean record would be preferable to an insurer. Do your homework throughout this process. Then, you should understand how the amount you’d afford each month translates into a car’s price. Choose which loan works for you. They’ll then narrow down the potential choices to 3-5 models. Posted on October 10, 2019 by admin. Wait, there’s the bad news. You should work out a budget and plan. There are at least over 10 different brands of cars popular in Kenya and if you have been thinking of buying some new wheels then you have quite a variety to choose from. It’d be right to call such people brand loyalists. In fact, how would you do that and expect to win the best possible deal? Do the research: Of course this is a hoary bit of advice, but it holds true every time. But the definition of what makes a car perfect is different for different people. What do you do, now? The dealer will know that you are expecting a good deal. 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. They should tell you whether they were happy with the dealer and the car. This can be done through the Kenya Revenue Authority and the National Transport and Safety Authority. As well, decide on your mode of payment. Don’t walk into any dealership without having done research. It’ll depend on your creditworthiness. Such include styling, color, reliability, technology, fuel economy, comfort, capacity, and so on. It is therefore very important to do your research on the brand of that you want. Find out how different dealers have priced the car that you want. Try your best not to roll a balanced upside down loan into a new one only because you’re tired of the old car. While he provided a list of factors to consider before making the final decision, most fall into four basic categories: 1) your company’s financial status, 2) how you intend to purchase the vehicle, 3) what type of vehicle you want, and 4) whether it makes sense tax-wise. Also, consider things like reconditioning, price negotiation, and ownership transfer. It’s an opportunity to evaluate factors like acceleration, handling properties, comfort levels, and the in-vehicle technology. Take keen notes. Therefore, as a savvy buyer, you must always be ready. Therefore, you ought to select something which will meet your specific needs. 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. Do you want a car to move from one point to another, do you want one for ease of movement for your family or do you want one for business. If you buy a used car, it also important to make sure that you have cross-referenced the ownership details. As a result, financing, trade-in values, and rebates are currently the best we’ve had for so long. Common brands like Toyota have continued to excel in the Kenyan market because of the availability of cheap spare parts and technical expertise in garages and service centers. To put it into perspective, there were 85,063 cars imported into the country in 2017 which was a actually a drop from 2016 which saw approximately 109,781 come in. 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. Know the much you can spend on a car. The budget should also including all the other fees that will come with owning a car such as registration, the cost of servicing or changing something about the car and insurance premiums among others. Also, keep in mind that car payments fluctuate on a monthly basis. Likewise, don’t purchase a new Lexus model just because you can eventually afford it if you obtain a 5-year loan. For example, $400 a month for 48 months will buy you a $25,000 car, assuming a $3,000 trade in, a $4,000 down payment, and a low interest rate. Doing you research will also help you determine if you can not only afford your dream car but that you can also afford the cost of maintaining it from the servicing, parts, security, style and car insurance in Kenya. 6 Factors to consider while buying a new car insurance in India. Important Factors to Consider When Buying a New Car. It’s not yet time to head to the dealerships, yet. Insurers examine several factors to set insurance premiums. For obvious reasons, a good, clean record would be preferable to an insurer. Any future home purchases. That nice red Range Rover you like may not be what you can afford. No, they don’t purchase new cars like they’d buy clothes. Factors to Consider When Buying a New Car. Of course, that’s aside from a new home. Then, you’d simply need to go for a car that you can afford. Cars are different. New cars often come with advanced safety features such as adaptive headlights, automatic parking, and backup cameras. In fact, the preparation should begin even before you set foot in that showroom. It’s time to decide what you’d want in your vehicle. Owning a personal car was once a preserve for only the very rich. Similarly, you might receive coupons in your mail which entitle you to such rebates. Never extend a car … Different individuals will have different needs for a car. The availability of spare parts and servicing greatly influences the costs involved in running the car. In fact, that’s a reassuring sign that you will win the bet at hand. So you have narrowed down on the car that you want and are comfortable with its pros and cons. Rhapta Road As well, the model, make, and kind of car you intend to insure will be accounted for. How much of your earnings will you allocate towards car payment? These, and many more, are just some of the fun features to consider when looking for a new family car. That’s not all. Owning a car in this day and age has become a necessity especially with a growing middle-class that has more disposable income. In honour of February, then, here are 10 things to think about as you prepare for and execute a new car buy: 1. You’ll relate your wants with various factors. This post may contain affiliate links. Through research you will also learn that it is important to have a car inspected before buying it and especially a used one to avoid buying junk in the name of car. In 2018, Statista conducted a survey in which they asked their users in the UK and America the key influencing factors that went into making their decisions when choosing a new vehicle. In fact, a new car is the 2nd most costly item most people. You’re confident that it’ll fit your budget. But, that doesn’t imply that it’s now an easy time to purchase a car. You can then file an application for a pre-approved loan. A comprehehensive car insurance quote in Kenya can be as high as 5% of the value of the car, this works out at an average of KSh 40,000 per annum which is a hefty expense for any car owner. But, the dealership will give you less money than what you’d get from a private buyer. For example some are open to trade-ins just in case you are looking to up-grade from your old car. Going for cheaper and common brand cars will save you more money on the insurance, spare parts and servicing. Even if the second car you drive feels like the right one, it's not worth writing the others off. Starting at 800 cc, vehicles on this capacity can do up to 25km per litre such as the Suzuki Alto being used currently for Uber Chap Chap in Nairobi. Will you have a surplus to sustain y… For example, before you buy that used car, make sure you find out just how many miles it has done before you are cheated into buying a much older car. In turn, that promises long-term satisfaction with the purchase you’re about to make. From your requirements to your budget, there are plenty of factors to consider before you commit to a purchase. For instance, you’ll want to consider the annual registration fees, insurance premiums, and gasoline. Sometimes, these sites’ coverage might be spotty and incomplete. But, people don’t purchase cars like they buy household items. Factors to Consider When Buying a New Car, More Information About MOT Tests And The Reasons For Failing, 9 Useful Tips For Purchasing A Used Vehicle After Lockdown, Finding The Right Vehicle For Your Budget, The Best 12-Volt Air Compressor Available Now, Practical Tips For Choosing The Perfect Car. In fact, dealers are known for not availing all discounts available to them. What if you’re leasing or financing? That’s because the dealer assumes all the hassle associated with reselling the car. 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. Yourself is, do not compare car insurance quote in Kenya, all new full electric model... At before buying a car … factors to consider when looking for a new insurance... It also important to do any of that you are looking to up-grade your. 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