CAR PURCHASE TIPS
Top 5 questions to ask before buying a car
NEW OR USED?
Not sure if you should purchase a new or used vehicle? Or maybe demo car? It can be a hard decision to make. You’ve probably heard a new car takes a hit in value the instant you drive it off the lot. While the difference in price is clear, you may decide that ‘new car feel’ can’t be matched in a pre-loved car. Buying new could also be the better choice if you intend on keeping the car for the long haul, while travelling the used route requires taking a more rigorous approach. Regardless of which option you go with, having a rock solid warranty policy is essential.
What is the warranty policy?
Can I see the maintenance history?
While it’s easy to be blinded by the glint and glimmer of that PD i30, grabbing the lowdown of where your car’s been and gone may be the smartest move you’ll make. You won’t be able to discern everything about the car – it’s unlikely every scuff and fender dent in its history will have been recorded in its lifetime – but it’s a snapshot you’ll learn too much from to pass up.
What payment plans are available?
Daydreaming about that brand new Hyundai Kona may be more fun than thinking about how you’re going to budget for it, but it pays to find out what’s available. How much of a deposit do you have saved up, and how long do you have to go to fully finance your new baby? Are you going to go with a monthly payment plan or take out a loan? If a loan is more appropriate, we highly recommend checking out your local credit union – they often offer great low-interest deals that the big banks can’t beat.