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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its all true but the USA pay next to nothing for gas or insurance on thair cars let's see you get insurance on a v8 in uk
all cars sold and made should be fixed with all optional items from stand it costs makers next to nothing .
Over the past 40 years I have always brought new, and then normally run the car until it dies. I tend to ignore point 1, I write down the buying cost against my expected ownership and expected mileage. When I do sell anything I get is a bonus.
I don't worry about the colour, I do want to be able to find the car in a car park so I buy Red, Blue, Green or Yellow, It doesn't affect resale value, only dealers worry about it. My last car , Blue, was sold in three days.
Never buy for a 'Badge'. My experience of BMW has not been good, they like Mercedes are busy going down market with their basic models.
In the UK going electric is making very good financial sense, with fuel costs a quarter (or less) then diesel per mile. and servicing costs about a quarter cheaper. A recent report in a motoring mag showed that the EV Golf is the cheapest to run over 4 years compared to other Golfs, with the Hybrid model the most expensive.
You cannot make safety kit an option, you do that and the governments across europe we change the laws. To say.
You seem to have lots of option in the usa that are standard on uk models
If you live in a city and its only you or one other, a small city hatch back car would be the best choice avoid electric unless you have your own charging point.
If manufactures are not giving at least 8 year paint and anti perforation warrenty then they have no business selling cars.
Plus the industry minimum of 3 year full warrenty. No one should be selling new cars without this basic cover.
The last person you got to for help is the car sales man plus they are the last place to go to for finance to buy tge car unless its 0%apr.
to Several years ago my DH & I purchased a 1999 Ford Ranger Truck. We had friends that usually purchase their cars either in March OR December, so we started looking in October, and when we had decided to purchase the Ford Ranger with a crew cab in December. We purchased the car on December 17, 1999...and got a great deal because we had emailed and talked to 3 different dealers and the dealers and the salesmen all knew we were talking 3 different dealerships. We got an excellent deal on our Ford Ranger. I am thrilled that Ford is bringing back the Ranger, however, since 2005 I have been leasing our cars. I am leery about leasing a truck, simply because if you use the truck for what it is made for (we have quite a few things we plan to do with our home, remodeling etc. and if I lease and the truck were to get more than just regular wear & tear from the months we leased (usually we lease for 24-36 months) then I would have to fix what ever damage we did to the truck instead of normal wear and tear. When my lease was up for the Chevy Monte Carlo in 2009, I had to pay $234.00 for the body shop at the dealership to fix the bottom of the driver's side door because my DH didn't judge how far he was away for the drive thru at the bank. I have to get the driver's side mirror replaced on our current Ford C-Max due to my DH damaging that however, I am not going to have the dealer's body shop fix it, I am going to take it to a well-known Body Shope in my area.
I actually love leasing!!! We don't have to worry about any serious type of problems with the autos I lease, and for the most part you can return the auto 6 months PRIOR to the end of the lease agreement which means I can turn the Ford C-Max (2016) in next month if I choose to do so.
it's kinda hard not to be in a hurry when someone totals your only car and you don't have good public transportation where you live. Also, it's is freezing outside, sometimes there is ice, and you work 5 miles away without bike paths. I would love to not be in a hurry, but the kid who rear-ended me didn't leave me with any other choice.
New or used owning a car has a cost each year. If it’s new it’s mainly depreciation. If it’s older it’s maintenance. Even if you buy a 2 year car for 80% of the cost of a new, after owning it for 2 years it will have lost another 20% . If you buy a 6-8 year old car depreciation after a few years won’t be that much but components of the car will start to fail and you are gonna be facing expensive repair bills
I think a big thing is when young people get excited and get an expensive new car on finance before they're financially stable and secure. The problem is two fold, firstly you've pretty much ensured that you'll be pretty much financially burdened for years and years to come and secondly you become used to driving expensive cars the next car will likely be an upgrade to another car you again can't afford
#1 Mistake is buying a new car every 3-5 years. Buy new and keep it until it costs more in repair in a year than it would to finance a new car. At that point, go out and buy a new vehicle. Buying used keeps you in the rat race of always purchasing a "new" car every 3-5 years because your ownership of a vehicle always starts with a vehicle 3-5 years old, meaning you get half the longevity out of a vehicle you would get out of purchasing new and keeping it for a decade (or longer)
Also, financing a new car is actually cheaper right now than used. Most manufacturers are offering 0% as opposed to 3-5% on used. Purchase at end of year and you get deep discounts on top of the 0%.
To all people here:
I'm glad I bought the car I have, and having read many of the posts below, justifies the decision I made in 2008.
I had purchased my 2005 Dodge SRT-4. OK. Are you done with the insults? And NO, it doesn't say "Neon" anywhere on the vehicle.
Well, at the time, it seemed a little bit expensive, but I look at what's available now, and I won't even be able to afford something even half as fast, OR if it is, it LIKELY won't have a manual transmission.
Two priorities that I will never forget that got me what I wasn't sure about back then, but ended up falling in love with my little turbo car.
When I bought the car, I had to priorities. They were:
1. Manual transmission
Those two priorities are not optional for me.
I must have them both, as I do with my 14 year old Dodge SRT-4.
So, I have no reason to consider a new car, anyway. Dodge should be kicking themselves for discontinuing this car, after an only 3 year run. Yes, parts availability is an issue, but man what a fun car to drive! It shared a common platform, back then, but the turbo and 5 speed made the world of performance difference.
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 😂 😂 😂
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