Buying a car doesn’t have to be stressful!

At one stage or another, you’re going to need your own wheels. 

Buying a car is a big decision. We know… Ideally, you want to find the perfect car for you quickly, without any hiccups.

Owning a car has many benefits. But, whether you’re buying a new or used car, there are also many considerations to be aware of before making a final decision. Like, do you want a petrol or diesel car? Do you want a sedan, hatchback or bakkie?

There’re many different types of cars on the market. So, you can find the perfect one for you. You just need to do some thorough research to find a car that will fit your needs.

We’ve provided a few important tips to help you find the best car for you.

Tips for buying a new car in South Africa in 2018 and 2019

  • Don’t overlook tough economic times ahead

  • Knock off a few grand by buying a demo

  • Buy with your head and not your heart

  • Work out how much it all costs

  • Car insurance is a non-negotiable

  • Do your homework and choose the best car for you

We’ll elaborate for you…

#1. Don’t overlook tough economic times ahead

As wonderful as our beloved country is, it has its problems. The two biggest ones we’re facing are:

  1. The VAT increase
  2. The petrol price hikes

When it comes to finances, you have to budget carefully. Buying a fuel-efficient car will cut your car’s running costs every month. Consumer Reports listed 10 of the most fuel-efficient cars based on their test results:

  • Toyota Prius
  • Hyundai Ioniq
  • Toyota Prius Prime
  • Honda Accord
  • Toyota Camry
  • Toyota Prius C
  • Kia Niro
  • Toyota Avalon
  • Chevrolet Malibu
  • Chevrolet Cruze

#2. Knock off a few grand by buying a demo

Is buying a brand new car really worth it? There are a few great advantages of buying a car straight out of the box, such as:

  • You can choose the exact model and specification
  • You get a full warranty or maintenance plan
  • You know the exact service history of the car

But, there’s also a downside to buying it brand new. It depreciates drastically as soon as you drive it out of the showrooms. Plus, new cars are extremely expensive because of their  full warranty or maintenance plans. But, buying a second-hand car can be very risky because you just don’t know it’s service history.

Demo cars can offer the best of both worlds for you. The choices may be limited but you can get a demo car on a warranty or maintenance plan and it won’t cost as much as a new car. Win-win.

Buy with your head and not your heart

Don’t just test drive a car you shouldn’t buy – it’s a trap! It’s easy to get completely seduced by a sexy sports car or luxury vehicle you can barely afford. But, you need to make a practical choice.

What do you need in a car? Additional seating? Enough boot space? Off-road capability? Base your decision on what you need, not what seems great at the time.

#3. Work out how much it all costs

There’re a lot of costs that go into buying a car, not just the monthly installments. Remember to shop for low-interest rates and avoid taking out a balloon payment if you can. A balloon payment may lower your monthly installments but you’ll need to pay back your balloon payment to end the payment contract. And it might be a big amount!

When you organise credit, make sure you get the best offer from a car dealership or bank.

Here are other costs you need to budget for:

  • Car insurance: Shop for reliable affordable insurance. Find out how to save on car insurance here.
  • Petrol: As mentioned already, fuel prices keep rising. Make sure you buy a fuel-efficient car.
  • Maintenance costs: Your car will be covered for a few regular services if you’re on a maintenance plan, regular services will be covered for awhile. But, you’ll have to have money for other services, such as new tyres, wheel balancing, etc.
  • License fees: You have to renew your license every year. This will only cost a few hundred rands.

#4. Car insurance is a non-negotiable

 

Car insurance is a necessity, not a luxury.

Let’s say you take out R 200 000 debt to buy a car. About a month after you’ve starting paying off your car, it is written off in an accident. You’re at fault. Now you’re paying off a car you can’t use! How are you going to afford a car now?

Get reliable and affordable car insurance so that if you’re involved in an accident, you’re covered.

Yes, in general, car insurance is expensive. But, it can pay off in the long run. Get car insurance quotes here.

#5. Do your homework and choose the best car for you

Which car is best for you? You’ll only know once you do some research. All the best for choosing a new car! We hope that buying a car is a great experience for you!