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THE GUIDE TO PURCHASING A CAR
Tips and Recommendations
As “an informed customer is a satisfied customer”, below are some tips and
recommendations on what to consider when purchasing a car:
  • Identify your exact needs and requirements out of the car by trying to answer the following questions:
    1 - What will you primarily use your car for?
    2 - How many people will typically be with you in the car?
    3 - How do you plan on paying for the car?
  • Based on your needs, figure out how much you can spend on monthly payments, and avoid financially stretching yourself to the extreme
  • Compare rates and financing terms offered by banks
  • Ask about the registration cost as well as the insurance rates in order to account for them in your overall budget
  • Check out the car’s average repair and maintenance cost
  • Check the car’s safety rating, which is based on crash tests, accident avoidance, rollover resistance and rear-impact protection (www.euroncap.com is a good source for car safety analysis)
  • Consider the level of fuel economy of the car you are thinking of purchasing, as a vehicle that gets more kilometers per liter is good for your wallet as well as for the environment
  • Inquire about the terms of the warranty offered on the car you wish to purchase
  • Inquire about the after-sale service provided by the car dealer
  • Understand the value and cost of optional products or services offered, including extended warranty, vehicle trade-in, 24/7 towing services, etc.
  • Take a test drive to make sure that you feel comfortable behind the wheel and that you won’t regret the choice you made
  • Carefully review the warranty contract and inquire about any missing or extra clauses