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You’ll relate your wants with various factors. There are two universal facts about buying a car that everyone needs to remember. What factors are considered when buying a new car? Then, you’d simply need to go for a car that you can afford. You can look up the ‘book value’ of the trade in using different resources. They’ll then narrow down the potential choices to 3-5 models. Even with rebates, discounts and negotiation, you will be paying top dollar. November 22, 2013 By Michelle 3 Comments. But, they barely spend the same amount of time to research new cars as the rest of the populace. In fact, the preparation should begin even before you set foot in that showroom. New cars often come with advanced safety features such as adaptive headlights, automatic parking, and backup cameras. Nearly 50% of all car buyers choose a new car based on their previous experience with another make or model. There may be similar cars that you can purchase that is budget friendly. It’s less likely that you’ll just wake up and decide to purchase a new car, then walk into a showroom, swipe a debit or credit card, and drive away. If you do take the latter, then you also need to have a plan on how you will repay the loan which is actually a debt. There is a thing called a perfect car. This does not just include the monthly instalment but also cost of petrol, toll and parking, which are parts and parcels of car ownership. Depreciation (losing value) A comprehehensive car insurance quote in Kenya can be as high as 5% of the value of the car, this works out at an average of KSh 40,000 per annum which is a hefty expense for any car owner. This is perhaps the most factor to consider when buying a car especially the second hand cars. Know the much you can spend on a car. At the end of the day there are a few reasons to treat a new car purchase pretty seriously – not impulsively like I personally did in 2014. For that reason, we’ll ensure that this guide makes you fully prepared for this potentially daunting experience. Similarly, they’ll have different wants. Take a look at your monthly commitment, and consider how much you can afford to pay for your car every month. Some dealers can help you get the right financing for your car and help you with the paper work that is needed. If you’re in the market for a new car, you may feel overwhelmed by all of the factors that you need to consider. In fact, they qualify for some rebates that aren’t even made public. Important Factors to Consider When Buying a New Car. If you do decide to buy a used car, again, do your research on to know what information you need before buying a used car. It is therefore very important to do your research on the brand of that you want. This can be done through the Kenya Revenue Authority and the National Transport and Safety Authority. You’ll require something safe and roomy in case you’re planning to become a parent or are one. Factors to Consider When Buying a New Car. We highly advise that you seek multiple quotes from different companies. Find out how different dealers have priced the car that you want. You can purchase a fully loaded minivan for those big family vacations, a sleek new sports car, or a stripped-down compact for your new college graduate. It’ll depend on your creditworthiness. In your case, it might take less or even more than that. We can’t guarantee that you’ll get the best deal on a car purchase. Now, you’ll get serious about purchasing your selected vehicle. Your long-term happiness with such a purchase is at stake here. Most people cannot buy a car in cash and the best option is to borrow a loan. It’s thus vital that you get your choice right. Any deal pesabazaar.com is authorised and regulated by the term ‘invoice price’ of insurance, fuel economy, levels. 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