Looking to buy a new car but don’t know where to start? The process of buying a new car is exciting for some people, while it is a hectic task for others. And, we get that. That’s why we compiled 10 easy and important steps for you to follow when buying a new car.
The following are these simple steps that can help you immensely in the new car buying process.
Also Read: Easy Steps To Buying A New Car Without Getting Defrauded
Decide your Budget
The initial step towards buying a new car is deciding on the budget. It will decide what car you want or can buy. After that, you can research the cars through different mediums, such as visiting the dealerships or through PakWheels.com.
Research and Compare
It can be daunting to decide what price is the best for your dream car. Previously, you had to believe the word of mouth. But now, you can easily find out competitive prices of different cars online! Simply visit PakWheels.com’s new car section or download PakWheels App and go to the new car section, compare different cars, and see their prices, features, and specifications. You can also take a tour of the dealerships in your city for these purposes.
You can also view the PakWheels Car Review section, blog section, PakWheels Forums, and YouTube channel to see car reviews to make a practical list of cars that suit you or fall under your budget.
Do Not Buy In Hurry
Never buy your new car in haste, as you are going to spend a huge amount of money on this transaction.
In some cases, it is even people’s life savings. Spend your money wisely to get maximum utility from your new car. Sometimes dealers tell you that they have only one unit of the vehicle that you are interested in, and it will get sold if you do not buy it on the same day. Let that car get sold, and do not buy it in haste. The fresh unit will arrive soon.
A new car can become a life-long asset for you, so be patient while buying a vehicle. It is advised that you should always consider the resale value of the car while purchasing it.
Be Watchful of Resale value
The main important point while buying a new car is its resale value. You should contact an expert or go to the market to get information on your favorite car’s resale value. This is because, in the future, you will have to sell off the car either to acquire cash or to buy a new car.
One important thing to consider here is the brand value of the car. Some brands are more popular, and therefore their vehicles hold their value for a very long time. Other things to note are the engine and specifications of the car you are about to buy. Exterior paint color also affects the resale value of the car.
Cars in popular colors like white, black, and silver usually hold up their values for a more extended period. In Pakistan, the most popular color is white, which constitutes 23 percent of the market share. It is followed by black, which constitutes 18 percent, and silver, which constitutes 16 percent.
Moreover, while considering all these factors, you also need to keep in mind the cost of ownership of the car as well, such as the token amount for the vehicle, maintenance cost, etc.
Check the Maintenance Cost
Maintenance cost is also one of the most significant factors to look out for. This comprises the cost of periodic maintenance and spare parts. About spare parts, check whether spare parts are readily available from multiple vendors in your city or locality. This is important since the maintenance costs differ for different brands and their cars.
As far as imported cars are concerned, their maintenance is a bit difficult compared to the local ones. The same goes for the availability and cost of spare parts.
Spare parts for locally-manufactured vehicles are readily available, and they are cheaper compared to those of imported ones. Trained staff is also not present for the periodic maintenance of imported cars.
Note that you should always know what you need; otherwise, you will get into trouble in the future.
Know Your Need
There are many specifications and options that you may not need in the future. Usually, some people realize this after they have bought a car. For example, for some people, having a push-start feature, leather seats, a powerful engine, and a sunroof are not required features. Some people prefer extra boot space, more seating capacity, and fuel average over other things. Identifying your needs saves you time and
Both local and imported vehicles come in different variants so that you can choose the suitable variant that best suits your needs. Paying for something that you do not need can be wasteful at times.
If you have a small family, you can go for a hatchback or a compact sedan. If you have a large family, you can go for a full-size sedan, an MPV, or an SUV. Also consider where you are living because a smaller car is more suitable for an urban setting compared to a larger car. Smaller cars are much easier to drive and park in urban areas.
Try to buy a car when there is some discount or special campaign being offered by the company, as it will save you your hard-earned money.
Discount And Offers
By the end of the year, usually in November and December, the prices of new cars fall. There are many discounts and offers that you can avail of in this period. You can save a lot of money by purchasing your new vehicle in this interim.
After you have decided which car to buy, always remember to get it inspected.
Opt for PakWheels Car Inspection Service
Car inspection is as essential for buying new cars as it is for buying used cars from the market. This is because new cars can also get damaged during transit between cities. These damaged cars get sold at times as new ones, which can cause problems for you in the future.
PakWheels Car inspection can tell you everything before you buy a damaged car. Take the car for a road test as well. This is because you have paid a huge amount of money, and it is your right to see if there are any faults. It is the responsibility of the dealer to provide you with the facility of a road test, even if there are chances of the car getting hit in the traffic.
Read Here: What Is PakWheels Car Inspection Service And How To Read It?
Never Pay in Cash
Never pay in cash or write a cheque, make a pay order, or demand a draft in the name of an individual or dealership. All transactions must be documented so that you have documentary evidence in case of litigation.
Buy the Car
After you have gone through all these steps mentioned above now, you can buy the car of your choice with ease.
Read Here: How To Drive A New Car In Run-In Period?
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