Buying your first car can be a terrifying experience, but it can also be fun if you know what to do and what to look for.
Nissan South Africa has developed this handy 10-step guide to help you buy your first car and, with any luck, you may just end up with a trendy little fun-hunter.
- Why do you want a new car?
Scrutinise your motivation for wanting to buy a new car and establish exactly what it’s going to be used for. For example, if you have a new job as a sales representative, you might want an economical car that can easily do high mileage using a small amount of fuel.
- Test drive and research
Take your time to consider all the options available. Don’t rush into buying your first car, whether new or used. Understand that you are spending quite a bit of money and you need to research everything about your potential new ride.
This extends further than the monthly hire purchase payments you will make on your first car and includes monthly fuel costs, insurance and maintenance.
- Interest rate fluctuations
Most first-time car buyers forget that there will be interest rate fluctuations during their finance period of three to six years. Don’t forget to budget for possibly higher monthly repayments.
Don’t underestimate how high insurance payments are for first-time buyers and be sure to shop around for quotes from different companies. Go through the finer details to ensure that you are comprehensively covered.
In the rush to buy a new car, some youngsters unfortunately sacrifice safety features for cool optional extras. Safety must be a priority and your new car should have certain basics.
- Parts pricing
Often, cars that are competitively priced at the outset turn out to be more expensive in the long-run because their parts pricing isn’t as inexpensive as people assume it is.
- Resale value
It pays to think long term and to have a fair understanding of if your new ride is going to hold its value over the years, when you are ready to sell or trade it in.
- Important features
Don’t underestimate the importance of features such as ISOfix child seat anchorage, which is a standard feature in the second row of most car seats. You may not be planning a family just yet, but you never know what life has in store for you.
- Express yourself
When you’ve done all the grown-up stuff such as research, budgeting, reading through insurance quotes, pick a car that has longer warranty for things like accessories to allow you to pimp your ride with peace of mind.
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Source and image: Nissan SA