Cars are valuable assets that every buyer should thoroughly consider before buying.

Cars are valuable assets that every buyer should thoroughly consider every aspect involved before buying in order to avoid the unexpected costs that might incur. Below is the must-read list of 5 things Philcar news.com thinks that you should pay attention to when buying a car. 

Only a few years ago, advanced features such as anti-collision, navigation, backward camera, etc. were exclusively available in the luxury car segment. However, these features have gradually become more popular and more standard models are coming equipped with such advanced technology.

Versions of the same vehicle can carry many differences in design or performance. Knowing the difference between car models will help you avoid buying an older model or negotiate a lower, more reasonable price.

2. Insurance costs

With different insurance coverage packages, garage repair options, free rescue services, priority and compensation procedures, so every insurance agent can offer different rates for the same car. Having the cheapest package is not necessarily the most economical solution.

Hence, if you want to do your wallet a favor in the long run, you need to be well prepared before deciding on your car insurance.

Having the cheapest insurance package is not necessarily the most economical solution

3. Warranty

Car manufacturers usually offer a 3-year or 100,000-mile warranty whichever comes first. A good warranty will cover all the problems of the car, so it is in your best interest to ask the seller to make sure that all parts and components of the car are within the warranty period and that they are in good repair and maintenance condition.

>>> Read more:

• Excellent tips on how to buy a car in the Philippines
• 5 things to keep in mind to minimize the cost of car purchasing

4. Discount from the manufacturer

Currently, many car dealers offer attractive incentives to the consumers when buying a car. Checking on a genuine website for promotional offers is a small step and easy to do but can actually save you a lot of money. Some common support for car manufacturers is to assist with registration, donation, lucky draw or discounts.

Currently, many car dealers offer attractive incentives to the consumers when buying a car

5. Preparation for optimal financial plan

Planning for a lucrative payment plan will have several benefits for the car purchase decision and even your financial status after you have purchased the car. If you are financially sound, you can pay the full cost of the car in one transaction.

In contrast, bank lending or installment payments will help you avoid spending large amounts up front on this mode of transportation and help you stabilize your financial status. If you are well-prepared and know the information, you can easily find a suitable package of loans from the bank.

 

 If you are well-prepared and know the information, you can easily find a suitable package of loans from the bank

>>> Click here to get more helpful tips and advice for your car buying and selling