According to statistics, most drivers change their car once every six years, which is a pretty long period of time. To take the best out of your car in those six years, to save money and to avoid constant repairing, you’d better avoid ten mistakes many of us make when buying a car.
One day you’ll probably decide to sell your car. That’s why you have to consider some important features. According to Paint supplier PPG Industries, white is the most popular car color in the US with 35 percent of all sold vehicles. It is followed by black with 17 percent, and silver and gray that both got a 12 percent popularity.
In case you want to purchase some good old German luxury brands such as BMW or Mercedes-Benz, you have to be prepared to pay around $17,800 and $12,900 for ten years of maintenance accordingly. US popular brand Cadillac comes next with an average $12,500 maintenance cost for the same period of time.
Additional airbags, a passenger sensing system that can tell the size of the person in the seat and save smaller children in case of a crash, auto-dimming mirrors to reduce the glare coming from headlights at night, head restraints and ABS are some of the things you don’t want to save money at.
Make a check-list of features you need to check and think of where you’ll be driving your new vehicle. Try driving on the highway and park in uncomfortable conditions if that’s what you know you’ll have to do in the future. Examine everything to help yourself make the right decision.
Don’t be afraid to miss “the deal of a lifetime.” You must have noticed those come up now and then, so you shouldn’t let them pressure you into making a wrong financial decision that will affect your budget for years.
You don’t think about resale value. 0:32
Car maintenance can be expensive. 1:46
You pay for optional items. 2:50
You buy a brand new car. 3:33
You buy a car that is too big or too small. 4:03
You can’t choose between car’s prestige and technical characteristics. 4:34
You don’t examine the car. 5:19
You miss advantageous offers and discounts. 6:08
You don’t try to lower the price. 6:30
You’re in a hurry. 6:51
-First, the car brand matters: there are brands that are more or less popular among drivers. Second, you need to think about the vehicle specifications and the engine. Third, don’t forget about its color.
-Think of how much of your family budget car maintenance can make, and decide if you want to spend that much on your vehicle after you’ve purchased it.
-Some drivers don’t smoke inside their cars. In this case, they don’t need an ashtray. An additional corrosion treatment is useless as well because cars already have an anti-corrosion treatment.
-The best choice is a car model that is no more than three years old and already well-known.
-Try to predict how many times you’re going to travel by car, how many passengers will be there, and so on.
-A premium class car will give you better safety, high performance and increased comfort their manufacturers guarantee.
-Gather as much information as possible at reliable websites and among your friends, consult an independent specialist, and test drive your chosen car.
-The best time to buy a car starts in December and reaches its peak in March.
-Try to call or send emails to different dealerships saying you have a better offer and asking if they can beat it.
-Spend enough time to gather information, consulting specialists, and weighing the pros and cons.
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Save 10% of your income and buy a previous rental that's a year old with 18,000 miles for half price.
I saved and drove a bucket for years, bought 2017 corolla S with 18000 miles for 12000 dollars cash no interest. Stop giving away your money people!
Actually the mistakes in the video is useless compared to having enough cash to go with it. It doesn’t even matter anymore if u buy new or old models when you have the cash(not credit) to purchase it. Your problem is actually acquiring money and that is the poor mans attitude. Buying products even though they can’t afford it. Using credit cards are also have pros and cons. Pros if u have enough income to pay it off every month. But if u don’t then stop watching video and start acquiring money. Hope this message help alot of people.
Cars are for middle class. Rich people dont buy cars. Instead they use ride services like Uber or Lyft. No overhead of a bank loan, no lease. Invest the money wisely and multiply it. Cars are white elephants that can only depreciate in value.
I buy new BMW every time. I use my 25 k I get for my old car as a down payment almost every time. So my loan is usually for 45k range. 5 year loan and good to go. Life is too short to be cheap. I could have a nicer house but I like my new cars...
if you can't get but 6 years out of a vehicle, you might want to shop for a different brand the next time. I know rich people who buy new every 2 or 3 years and have known poor people who traded after a year, bought the exact same vehicle because they wanted a different color. my oldest is 15 years (I bought it new.) my newest is a 2013 which I bought when it was less than 3 years old. I know people who could pay cash for any new car but daily drive a 23-28 year old cadillac.
That's why African living in Africa are buying used cars more than new cars.
America and the rest of the first world country should buy new cars so that after 2 to 3 years , we African (living in 3rd world country ) can afford your cars.
LEAVE THE DIPSTICKS WHERE THEY BELONG.NOT REFILL IT WIT A DAM PUMPED TO FILL IT BACK TO FULL EVERYBODY DO THE HOME WORK BEFORE BUYING ANY CAR OR TRUCK>>>>>>>>>>WARNING<<<<<<<<<!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
If you have good credits, Credit Union offer the lowest interest rates of close to 1.99% and get GAP insurance at Credit union too. Never get GAP at dealership. They usually cost double. If your interest rate is low, pay as little as possible monthly if you don't plan to keep the car. This was if the car is total in an accident GAP pays it off and you didn't put much in from the start. GAP saved me on a car I had for only 6 months when it was totaled and I put 0 down. Remember, we have our individuality and priorities. Not all of us like the same brand of car, same type of car, or prefer new or use car. Buy a car that fits your lifestyle and not a car just to save money but doesn't make you happy. The money you save on one thing, you will spend it on somewhere else. It's all about what makes you happy in your life.
I have 4cars 3+Benz and 1 accord 2019 all Cash payed the problem is people don't have the money the get a loan or a lease that is the problem if you don't have the money don't buy it loan and lean its not your car its the banks car haha 😂 😂 😂
If buying a car is all about saving money, finances and being smart money wise, don’t buy a car at all. Use public transport or a bike. But if you want a car, a performance car, a comfortable car and a safe car then buy whatever you feel like. Go for a reliable brand. That’s all
Well he did not mention two of the most important things , that I check out here in Sweden.
Road tax, which is 2 times higher than the Uk and engine size and fuel economy. The video seemed to be about the American market, from what they showed and over there, what I mentioned ,does not matter.
1) buy base model and just add aftermarket leather . Saved me $5k because one trim up added a lot don’t want
2) don’t buy a car until old car repairs exceed new payment . Dumbest thing in world to keep buying new cars. Grow up
3) I drive cars until they are only worth maybe 5k so easy to sell on Craigslist . Biggest rip is trading in car to dealership
4) finance at credit union. I joined the local teachers credit union because my kid was in a public school .
5) buy new if you drive 15k or more year . You will easily make up by not having to get new tires/brakes etc in a couple of years plus no surprises.
6) I did zero required maintenance other than changing fluids . Things like replacing belts because it says times up is a rip off.
Still have original belts in 13 year old car
Mercedes maintenance ain't that bad... I have two Mercedes ('05 C220 and '07 E420) and they usually cost me around 1000-1200 Euros a year. That's the regular maintenance. If anything breaks, I can usually replace it myself and save money.
Then again, I am a carguy, so I do have STAR for car diagnostics and a proper tool kit for repairs I can do. Most owners are clueless. I love clueless car owners. I work as a car dealership manager and there ain't nothing better than someone that comes with a "There is something wrong with my car"...
Our most reliable car has been our Chevrolet Silverado 2000 model we purchased new.
19 years later tires, brakes, Batteries is all we have spent and a lot of gas at 16 mpg
We are done buying used. Tired of other people’s problems.
Purchased new 2016 Rav 4 Toyota and plan to keep it for 20 years.
Buy a 2 year old car if you are not handy. If you are handy buy an older rust free car. Go to the junkyard for parts. Check IIHS and NHTSA results to make sure its a safe ride. Upgrade the headlights on an older car.
investing money on any cars new or old is like written off. total wastage of money. The better option is using public transportation and taxi services. You only have to pay for this as much as you pay for insurance and taxes of your own car. If needed for a private use you can rent a car for a short period. But it is only possible to some extent. For instance, your own car is a better option if you are in a hurry or a very busy person. You can use it according to your wish.
New cars are always better than used! Bought a used car and the engine blew a month later! My parents bought a used car and it cost $5000 in repairs cause something always broke every week! Luckily it was totaled in an accident. Bought many new cars that got over 200,000 miles without a single problem before they were sold.
Used cars aren't always the lower price. I bought new cars that were cheaper than 1-2 year old used cars. Many buyers get intimidated looking at the new car stickers and walk to the used car lot and pay overinflated prices on used cars. But had they known how to negotiate, learned about rebates, 0% financing, end of year discounts, etc. they would've got the new one for less!!!!!! Dealers make way more money on used cars than on new cars!!!!!!
I agree with No. 4 don't trust the sellers. A guy told me he bought a used car from an auction seller who claimed it's a clean car with 15.000$. He observed there's a hydraulic problem after few weeks of purchasing, he decided to see a mechanic, but he shocked him by telling that his car is damaged of a strong accident which has repaired, and his car's price doesn't worth 2000$.
Examine the car and check it up by a certified computer inspection center before you buy it.
Don't isolate yourself. There are people who have been through what you might be facing right now and they overcame it. Don't push people away, surround yourself with people who are spiritually mature and get the help that you need. Isolation when you are in pain and don't know if there's a way out is dangerous and that's why we have suicide cases. Listen, there's nothing that you can be facing that God is not able to solve for with God nothing is impossible. Hold on. Jesus loves you.
Just bought my 2004 vectra c for 2k Iam starting to regret it, I really wanted a car and bought it without thinking, apparently that car was in a crash, fog light are missing some electronics dont work, and engine jerks when I turn off ignition. tho parts are cheap in used parts shop so that good
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