In university, college or high school this is when most students get the opportunity to own their first cars from the car market. Some save their own money from childhood with that dream of driving their own cars apart from their parents though others get money from their benefactors, parents or rich relatives. However, students ought to be guided on what to consider before doing a car purchase. These are some of the tips that the students can follow:
- You need to consider the operating costs because a car actually costs more than just its car price, so the maintenance costs should be considered.
- If a student can afford the cost of insurance then he/she can buy a car however some insurance companies have student discounts. You can always ask for the insurance manager for even a better price.
- A student is advised to make a budget that doesn’t dig deep into his/her pockets to put him into debts which are not worth it. Often time, salesmen quote a high asking price however, a student should not be afraid to negotiate for a better price.
- A student that is fond of driving a lot is recommended to buy a fuel efficient car that he won’t end up parking or selling off in the used car market due to high fuel consumption.
- Take your time when signing a contract and read through all the details not to get surprise costs you might pay in future.
- Make research about the different offers given by the different car dealership stores before settling for one. Before you settle on a particular car model, do research about its reliability car rating and don’t ignore the consumer reports.
- It’s a good practice to talk to a friend or a family member driving the car model you want to purchase to tell you the positive and negative things about it so that you don’t have any surprises.
