How can I afford an affordable car of my own?
- Set a Realistic Budget Plan
- Research the Car You Want
- Determine the Car’s Purpose
- Do a Test Drive
Owning an affordable and completey functional car is in everyone’s wish-list. It’s no surprise that cars like the Toyota Vios from the Philippines are on everyone’s sights in every occasion. Problem is, a quick look into the market shows that prices tend to be very steep; and when you’re approached by salespeople about seemingly affordable car plans, you can’t help but think that there’s definitely a catch.
Buying a car isn’t like buying chips from a convenience store. It takes a lot of thought and research. It requires you to hunker down and take a look at your current savings, expenses, future expenses, and flow of income to know the right choice to make.
But don’t worry too much. All it takes is a bit of, as what Filipinos call, “diskarte”, and having the know-how in what you need and want in your ideal car. Here are some great tips just for you if you wish to gain an affordable car of your own:
Set a Budget Plan
This is really the biggest thing to consider. Setting a realistic budget plan is one of the first steps one should make when thinking of purchasing something a bit expensive like a car. That way, you won’t have to worry about shortage and debts on your end; and if ever you choose to pay through an installment-based payment scheme, setting a budget plan can definitely help you make wise decisions so you can make those payments on time. Keep in mind that you’ll also want to invest in insurance, so include that in your possible expenses when you buy a car.
Research the Car You Wish to Buy
When it comes to buying a car, or pretty much anything in general, research goes a long way. Sure, the Toyota Vios may be one of the most common cars in the country; but, no matter how much you know of its usualness in appearance, you need to know for yourself the benefits of these particular models.
For this, consider the Internet as your trusted, loyal companion. If you already have your eye on a particular model, all the information you need to know about that car is only a Google search away. It’s also good to read up on other models and compare them to see how they size up. You’ll find that you actually have several options!
Make sure to cover all important aspects such as engine performance, space and dimensions, comfort and entertainment, and other capabilities. Keep in mind the purpose for buying the car and your budget.
Determine the Car’s Purpose
Think about the real reason you’re buying the car. To go on long road trips? To pick up the kids from school? To take the family out? To eventually pass on to your child or sister? This will help you pinpoint the key features that you need in a vehicle.
If You Get the Chance, Test Drive for Yourself
There’s nothing more exciting than getting a chance to test drive your dream car, especially if you intend to someday make the purchase. In fact, this particular tip in buying an affordable car can definitely help you in making the right decision.
The reason why this tip is so important is because of the fact that it allows you to get a feel of the car before you decide to buy it, most especially when it comes to seeing the car’s key features for yourself and whether you really need those extra features. After all, the more features the car is equipped with, the more likely it will affect the price tag.
Bear in mind that the excitment of trying out a new car may coax you into making an impulse buy, even if you can’t really afford it. Set a date to look at and test drive cars, but make sure you set a DIFFERENT date to actually make the purchase. This way you’ll get the chance to mull it over some more.
Key Takeaway
There are numerous other tips when it comes to buying an affordable car. With these 4 aforementioned tips in store for you to absorb, this guide will definitely help you in choosing the right car that’s perfect for your financial capabilities. You may also want to consider having a look at secondhand cars to further cut costs.
