These tips aim to provide advice that will help you buy the right vehicle for your needs and budget.<\/p>\n
Santam recommends you follow these five steps before settling on a car:<\/p>\n
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- Make a list of what you need rather than what you want.<\/li>\n
- Once you\u2019ve picked the car you need, research prices between dealerships to ensure the price you\u2019ve been offered is fair.<\/li>\n
- Decide whether to pay with cash or credit \u2013 cash is usually ideal, but if not, look for the shortest payment term you can afford and the lowest interest rate.<\/li>\n
- Use your old car to help pay for the new one by either trading it in or selling it.<\/li>\n
- Determine the most affordable insurance price you can get on your new vehicle by comparing the different options on the market.<\/li>\n<\/ol>\n
Throughout these steps, there are also extra measures you can take to ensure you get the most value from your car-buying journey.<\/p>\n
For instance: if you\u2019re trading in an old vehicle, make sure your car is clean and presentable – as this could improve the trade-in price you are offered.<\/p>\n
You should also settle on a trade-in price before you tell the dealership which car you\u2019re interested in. This is called \u2018banking\u2019 and ensures a fair price both for your trade-in vehicle and the new car.<\/p>\n
Additionally, remember that dealerships and salespeople will often use various tricks to try and get you to purchase a vehicle immediately.<\/p>\n
These tricks will include limited offers, freebies, and time pressure \u2013 but it is essential that you ignore these and only make the purchase when you feel confident.<\/p>\n
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