Sticking to a budget when it comes to a depreciating asset is a wise move in these times. But just because a car is affordable, that does not mean it’s junk. Nowadays, there are many options when it comes to good, reliable and very budget-friendly cars. We’ve compiled a list of what to look out for to make it easier when you decide to go car shopping.
Prices That Are Bang For Your Buck
When you are ready to buy a car, the first thing you need to consider is your budget. Affordable cars do not mean cheap – you still have to stay within the parameters you have set for yourself. Questions to ask yourself would be: How much of a deposit do I have? What bank is offering me a competitive interest rate? Are there any fees or licensing costs to pay? These questions will help you determine the best budget for you.
Things to consider
Affordable cars still come with things beyond just purchasing them. You may have fees to pay, or you may want to add on some special extras and features that will make the car more comfortable for your drive. You must also take into account the cost of insurance and fuel for your car. This is where making a list of negotiables and non-negotiables could help greatly.
Conclusion: Vroom Vroom!
Once you have determined your budget and made your list, the fun really begins! Things like fuel economy and safety features are a must, but after that, it’s really up to you – choice of colour, technology and style are the exciting bits. We would also recommend doing your research – compare the cost of a new, demo and second-hand model to determine what will suit you best.