Do your researchMany first-time car buyers fall into the trap of buying a car when the deal appears too good to be true. This can be an uphill battle when you’re pressed for finance. So, before committing to anything, do your research and be honest about what your needs are. Taking the time to conduct thorough research will give you an outline of the type of cars that are within your budget range. Are you looking for an SUV, sedan or crossover? Don’t be hasty and feel the pressure to make a decision right away. Take your time and weigh up the pros and cons of each vehicle you might be interested in.
Know what you can affordYou probably have an idea of a price range you are most comfortable with. So, putting a pen to paper and budgeting will help you identify all the costs that come with buying a car. Planning to buy a car is not something that can be done overnight – it takes lots of number crunching and taking a rational look at your finances. When budgeting, make sure that you include costs such as maintenance and petrol. Also, having a down payment will help you reduce the repayment value. Once you have made your decision, you should save at least 10% of the total cost of the car.
Shop around and broaden your optionsAs a first-time car buyer, it's always advised to shop around before making your final decision. Many people might be advising you to go through the traditional route of buying a car, through a dealership, but you shouldn’t be hesitant to explore other options. Admittedly, many people do not consider options such as auctions or private purchase. But it is always good to keep an open mind, to find the best deals. A simple Google search will inform you of all the car sales around your area.
The best cars for first-time buyersGood cars are always available, but as a first-time car buyer, you may have been searching through the web on which car will best suit you. Well, here is a list of the best suitable cars for first-time buyers who are on a budget in 2019:
- Volkswagen Polo
- Kia Picanto
- Toyota Etios
- Renault Sandero
- Volkswagen Polo Vivo