Want to buy a car A survey carried out by the National Association of Automotive Vehicle Manufacturers (Anfavea) at the end of 2018 confirms that cars are an object of desire, especially among younger generations: around 70% of people aged up to 25 who participated in the interview they wanted to buy a vehicle.
And it makes sense! The car is synonymous not only with freedom and financial independence: with it, you can achieve a real qualitative leap in the standard of living. But Brazilians also know very well that no great achievement is easy. It would be no different with the purchase of the first car. apply for car finance
Therefore, we can already say that, before even thinking about purchasing a car, you will likely have to make some sacrifices, prepare a plan and be disciplined. And no giving up, okay? When you turn the key in the ignition, you will see that it was all worth it.
Want to buy a car
It was with the intention of helping you along this path that we have packed this complete guide with valuable tips to get you there. Interested? So, read on!
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How to buy a car?
We have already mentioned that the car is the consumption desire of a large part of the Brazilian population, right? But the point is that transforming this intention into reality can involve a journey and, as with any trajectory, it is necessary to start with small steps.
Therefore, before thinking about the best form of payment for your pocket, budgeting for insurance or considering which car model to choose, it is necessary to plan and save. For this, there is only one way out: rigid and efficient financial control .
We’re talking about keeping your finances balanced so that you can predict how much you’ll be able to save each month to buy your first car.
In practice, however, financial planning is quite a challenge for many people who still lack discipline in this industry. But the truth is, this step can be a lot simpler than it sounds. He doubts? So, check out now how to make your financial control in just 2 steps!
1. Know your expenses and Want to buy a car
A car is a high value-added good, which requires resources not only to be paid off, but also to be maintained. With this in mind, consider: Is your financial life organized enough to give you the freedom to make a big purchase?
To arrive at that answer, you need to make a fair assessment of your wealth and income. So find out exactly where your money is going.
Want to buy a car The best way to do this is to catalog and organize any and all expenses you incur during the month. Start by writing down fixed and predictable costs, such as paying rent, your spending on public transport, and paying off your electricity, water and internet bills.
Then analyze specific areas. So, in the food category, make a note of your spending on purchases for the month and on meals eaten away from home — from weekend pizza to snacks bought at the bakery next to work.
Also specify your leisure expenses, such as paying for concert tickets or subscribing to streaming movies or music services.
Want to buy a car Finally, make a survey of your outstanding debts: credit card, overdraft, personal loans, financing. At this point, it is important to make a hierarchy of these pending items according to some criteria, starting with the interest rate, going through the monthly installment and going up to the total amount due.
After making this complete diagnosis of your financial life, you will be able to know very well what percentage of your salary goes to essential bills, what portion is used to pay debts, what amount takes care of food and transport, and so on. on.
With this, it is possible to see in which areas of life you are spending more than you should, which will open a window for adjustments.
2. Choose the best time Want to buy a car
Then, consider whether you’re at the right time to buy a car or whether your priority is still in other stages of your growth — paying for college, for example. However, it’s worth remembering that it’s not because you can’t buy a vehicle now that you shouldn’t start saving to do it anytime soon, right?
How to choose the first car?
Now that you know what the initial steps are to accomplish the goal of the first car, we can go ahead and talk a little bit about choosing the car itself. That is, we can assess which models and features make — or not — sense to you.
Want to buy a car With that in mind, we have separated, in this topic, some tips for you to know how to choose the best vehicle. Check out!
3. Think about needs
The choice of car must be guided, in the first place, by necessity. In other words, you need to choose a car that is compatible with your reality. For example, if you have or are planning to have children in the near future, the ideal is to look for a model that already offers greater space and more comfort — and that prioritizes the issue of safety.
In the same sense, if you intend to use the car for daily commuting, the ideal is to choose a more economical model, as the cost of fuel can weigh heavily on the budget — especially when the vehicle is very “drinking”.
For those who prefer to travel, the ideal is a car with a spacious trunk. On the other hand, if you only drive through large centers with limited parking space, a small car might be the best solution.
Want to buy a car As each individual or family has a specific need, it is interesting to make a list with the features that cannot be lacking in the vehicle that will be purchased.
The tip here is to focus on needs and forget about desires. After all, even if a person wants a very powerful car, it doesn’t make sense to buy it if the function is to drive inside a city with heavy traffic.
By listing the necessary topics, you don’t run the risk of buying a good that won’t adapt to your daily routine and problems.
4. Check the budget Want to buy a car
After evaluating your needs, it is essential to check the budget available for purchase. After all, difficulties in paying for the vehicle can bring many financial and personal problems.
It is recommended that the value of the installment refer to, at most, one third of the income. However, as this value is quite high, it is interesting to carry out simulations in the most varied forms of payment, in order to guarantee the lowest interest rate and the greatest comfort.
5. Quote prices
One of the most pleasurable phases in acquiring your first car is research. It is at this crucial moment that you will have contact with your new purchase possibilities, keeping yourself motivated. That way, don’t be tempted to buy immediately, either because of anxiety or pressure from a seller.
So, what should really be your attention at this point? First of all, research the difference in values between new and used cars . It is worth remembering here that it is important to go beyond the net price. Assess average maintenance cost, insurance price, fuel costs, etc.
It is also important to compare makes and models. If you want a hatchback, check out all of each manufacturer, both through ads and doing the famous test drive.
Sometimes it’s worth spending a little more on something that fits your preferences and needs better than spending years bemoaning a less-than-significant savings.
Finally, don’t forget to track the depreciation rate of the vehicle you are looking to purchase. After all, over time, you may want to change it for a more modern or even a different price range or style. For that reason, it’s important to know if your first car will still be a good deal at that time.
6. Analyze the technical and mechanical specifications of the car Want to buy a car
Among the main recommendations when buying a new car is carefully evaluating all the technical and mechanical specifications of the chosen model, so that the vehicle taken to the garage meets your daily needs.
Although this can be difficult, especially for those who do not understand much about the subject, such care avoids a series of frustrations after the acquisition is made.
Therefore, it is important to consult specialized sources in order to gather opinions about the models that piqued your interest and see how they can improve the use of the vehicle.
Understanding what an automatic transmission is and how it works, for example, can help you choose those cars that have this standard item or consider it unnecessary for your needs or for how much you are willing to spend.Want to buy a car
Fortunately, with the internet, it is possible to find places with specialized information and that bring a series of opinions, analyses, ratings, comparisons and other content that will help in consolidating your purchase decision.
However, when evaluating all the car’s components, it is also essential to check some relevant specifications, which go beyond the aesthetic issue and the comfort offered by the model.
Thus, before getting your hands on the keys of the new car, consider the average consumption per kilometer driven, the trunk capacity, the cost and the frequency required for maintenance, for example.
All of these points affect how much it will cost to maintain the car; therefore, it is important to consider them carefully, so that this investment does not weigh too heavily on the daily budget.
7. Test drives Want to buy a car
After all the research and evaluation of the technical and mechanical specifications of countless models, it is natural that the buyer will be in doubt between two or three. The best way to resolve this issue is to test drives, to effectively put your hands on the wheel and your foot on the gas.
This is important because details — such as the seats and the height of the dashboard — can make a big difference in everyday life, and these features are only noticed when the user tries out the car. So, during the test drive, don’t hesitate and ask as many questions as possible about the model being tried.
How about some additional tips? Want to buy a car
Now that you’ve organized your financial life as a whole, it’s time to focus on your vehicle purchase.
At this stage, you should think about the specific aspects of purchasing a car, deepening your knowledge of what you need to do until you close the deal. Are you ready? So here we go!
8. Negotiate with the Dealer
You may have found the ideal car, from that brand you like so much and at a price that fits your budget. Is it time to close the deal? Calm! Paying isn’t everything.
As a buyer, you can not only negotiate the best terms and benefits. And it is possible to do this directly with the dealership.
Today, dealers can offer a wide range of services, ranging from free license plates, including more items in your car for a reduced price (such as air conditioning or electric windows) to payment or cost sharing, as the first IPVA or the fuel of the initial months. Want to buy a car
New cars also come with a factory warranty, which can be extended if you get a good deal from the dealership. Before closing the purchase and signing the contract, consider whether you can get discounts on scheduled maintenance visits or on services you will need in the future — such as alignment and tire set replacement.
9. Consider the consortium and Want to buy a car
One of the main questions for those who want to understand how to buy a car is knowing, after all, how they will make the payment. It is common for the interested party to be in a moment of unconsolidated financial life. So, no matter how much you’ve already made a small nest egg, you still won’t have very big savings.
Not being able to make the transaction in cash, however, does not mean that the only path is to give up the objective! This is where the consortium comes in , one of the most realistic alternatives to get there.
So that you understand how this system works, let’s talk now about its main features. Keep watching!
Scheduled and joint savings
In a consortium, a number of people come together, through the intermediation of an administrator, in order to jointly save money and acquire a certain good.
Thus, the monthly contributions of the consortium members are reversed into prize draws or bid offers. This happens until everyone receives the release of the letter of credit for the purchase.
It’s a great way to save money for a specific goal. In this case, there is no danger of saving the money for a while only to end up spending your savings on the first eventuality that comes along. You save your money with a fixed goal: buy a car.
We don’t even need to talk about the size of interest rates in Brazil to make sure you escape this trap, right? What if we say that the consortiums have no interest and that their installments are readjusted according to the car manufacturer’s table, in order to maintain the consortium’s purchasing power? Sounds ideal, right?
Possibility to anticipate the contemplation
In general, the first concern of those looking for a consortium is: will I have to wait a long time before being awarded?
This question arises because, no matter how much you make monthly payments, to receive your letter of credit and, thus, buy your vehicle, each consortium member must expect a draw via draw. But what most people don’t know is that this type of investment allows anticipation of this achievement.
Vehicle syndicates are open to a feature known as “bid”. This means that it is possible to pay some installments in advance and, in return, increase your chances of being covered. That way, whenever you have extra money, you can invest it to get closer to your first car.
What will be the expenses after purchasing the car?
As we’ve seen, you can’t be fooled into thinking that the costs related to buying a car come down to the value of that good. Therefore, it is necessary to plan.
To keep the vehicle headache-free, be aware of the expenses that come with your new purchase. Even from the moment you become a vehicle owner, some expenses become part of your budget on a recurring basis — and you need to be prepared to pay for them.
Below we list some of the expenses that arise when buying a car. Check it out and avoid surprises in the future!
In Brazil, it is impossible not to mention the tax burden built into purchases.
When we talk about automobiles, we must keep in mind the costs related to the Motor Vehicle Property Tax (IPVA), which has to be paid annually and, as a rule, is proportional to the value of the car. In addition to the IPVA, the vehicle owner must also pay the annual licensing fee.
As fueling the car isn’t cheap — and this will probably be the main and most constant expense with the new car — it’s worth researching fuel consumption.
Therefore, give preference to flex cars, which accept gasoline and alcohol, and make an estimated calculation of how much you will spend per month on this input. To do so, evaluate your daily route in kilometers, leaving a surplus for possible unforeseen events, and calculate how many liters per kilometer each model makes.
There are cars with a low price, but with a very high maintenance value. Therefore, before buying the car, it is important to take into account the expenses with scheduled revisions and even simpler, day-to-day acts, such as changing the oil, buying new tires and replacing parts due to wear. natural or breakage.
As it is your first car, a tip is to give preference to more basic models, whose maintenance is simple and cheap and which, for sure, will not bring you a headache. Today, the market offers many options for popular cars that are economical, well equipped and very reliable. Without a doubt, one of them will meet your needs.
We will address the need to have an insurance company more calmly afterwards, but it is worth remembering that automotive insurance can also represent a considerable expense and proportional to the value of the vehicle and the services contracted.
In this case, it is worth making a quote for the models that are on your list of possible purchases. Some vehicles, either because they have more expensive parts or because they are more targeted by criminals, have insurance with higher premiums, making the driver need to pay more for protection.
Why take out insurance for your car?
As already mentioned, buying a car is something that requires a financial effort, as this is a high value-added good. For this and other reasons, it is very important that you protect your vehicle from unpredictable and potentially harmful situations .
For example, have you ever imagined how frustrating it can be to save money to buy your first car and have it stolen or stolen? The truth is that this type of situation can occur (and it is not that uncommon, as Brazil is one of the countries with the highest rates of vehicle theft). That’s why it’s so important to protect yourself.
By taking out auto insurance, you avoid having to bear losses caused by criminal actions, accidents and natural disasters, for example.
As you can see, buying the first new car is not a complex task. In fact, it is enough to know a little about the subject and be aware of the precautions that must be taken before, during and after the purchase to obtain the best cost-benefit with your purchase. check
Now that you know the best tips on how to buy your first car and understand the importance of insurance, don’t stop there. Contact Rodobens and discover the best solutions to conquer and protect your assets!