56 Views

Top Tips To Save Lots Of Money When Buying A Car

Buying a car is one of the important decisions you’ll make in your lifetime. A car can be the difference between a hassle-free transportation and a constant scuffle for buses and tricycles every morning. Nonetheless, I’ve heard my fair share of stories that touch from people who regret the decision to buy a car.

One of the regrets, especially from first-time buyers is that they bought the car for much more than it is inherently worth. This piece seeks to provide you with 4 tips that can save you lots of money when buying a car.

Comparison Shop on the Internet

Car buyers now have an advantage over car dealers because of the access to information that the Internet provides. Comparison-shopping will let you know the inherent value of a car in order know if the dealer is quoting a fair or exorbitant price.

You can have a firm idea of how much a car is worth even before stepping out of your house to a dealer shop. The auto section of Nairaland.com offers you a wealth of information about the going prices for (used) cars. You can also check for prices on Carmudi.com and Cheki.com.ng. However, I’ll warn you to be careful on OLX.com because that’s where you’ll get BMW Series 5 going for N200,000.

Last Year’s Models are Still in Vogue

Another thing that causes people to lose money when buying a car is a fixation on a particular brand or model. Unless you are buying something along the lines of a Ferrari, Maserati or Lamborghini, a car is primarily a utility that should take you from point A to point B. Hence, the world won’t come crashing if you bought a 2013 model instead of a 2014 model.

You can save literally tons of money on your next car purchase if you opt for one of the previous year’s models. Interestingly, you won’t find much difference in the models made with one-year intervals. The noticeable differences are in the trim, headlamps, and add-ons in gadgetry. However, those minor upgrades could cost you an arm and leg without adding much value to your ownership of the car.

Think about the Maintenance Costs

Probably the easiest way to save money when buying a car is to consider the maintenance costs before you buy the car. The cost of keeping a car on the road is as important as the cost of making the original purchase. A car is no good if it spends six months of the year at the mechanics’ place because you are still raising money to fix a problem.

Hence, before buying a car you should research the average cost of keeping the car on the road per month, starting with its fuel efficiency. A V6 engine will offer you impressive power, but can you afford its fuel guzzling efficiency? Even minor things such as changing oil, fuel filters, air filters, and spark plugs can leave a dent on your bank account. You should also know the kind of problems that are common to the particular brand or model that you want to buy in order to avoid surprises. Peugeot cars should have their timing belts changed after 60,000 KM, Nissan Altima (2001-2003) are prone to alternator failures, and a Honda Accord (2003- 2006) can disgrace you with a torn camshaft at any point in time.

When Buying Used Cars, Everything is Negotiable

You can also save money when buying a car by bargaining the price until the seller agrees to a “fair” deal. When you are buying a used car “Tokunbo or Nigerian used”, you should use the fact that the car is not new to your advantage.

Is the car showing a rather high mileage? Are there code error faults on the dashboard? What about dents and scratches? Beat the price down. You can also have them remove those alloy wheels for regular wheels if it will save you N100,000. Okay, if the dealer won’t shift an inch, ask him to bear the cost of making the vehicle particulars or the cost of servicing the car.

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

Why 36 States Pulled Out Of Meeting With Federal Government
Politics
Politics

Why 36 States Pulled Out Of Meeting With Federal Government

PH - November 24, 2017

The monthly federal account allocation committee (FAAC) meeting, failed to hold as the 36 states of the federation pulled out, due to alleged discrepancies in federation account…

REVEALED: Why Yar’Adua Wanted Ibori As His Vice-President
Politics
6 views
Politics
6 views

REVEALED: Why Yar’Adua Wanted Ibori As His Vice-President

PH - November 24, 2017

It is common knowledge that the late President Umaru Musa Ya’Adua did not pick former President Goodluck Jonathan as his running mate in the 2007 presidential election.…

10 Fresh Shocking Revelations In Abdulrasheed Maina’s Probe
Politics
37 views
Politics
37 views

10 Fresh Shocking Revelations In Abdulrasheed Maina’s Probe

PH - November 24, 2017

The complexion of the Senate probe into the controversial reinstatement of fugitive ex-pension reform task force boss, Abdulrasheed Maina, into the federal civil service appeared to have…

Russia 2018 World Cup: Here Is The Bonus Nigeria’s Super Eagles Will Receive
Sports
50 views
Sports
50 views

Russia 2018 World Cup: Here Is The Bonus Nigeria’s Super Eagles Will Receive

MT - November 24, 2017

Thanks to a great performance, the super Eagles have managed to qualify for the football world cup to be held in 2018 in Russia. A remarkable qualification, exceptional…

REVEALED: How 222 Assets Recovered By Maina Were Shared Among Governmentt Officials
Politics
40 views
Politics
40 views

REVEALED: How 222 Assets Recovered By Maina Were Shared Among Governmentt Officials

PH - November 24, 2017

Attorney-General and Minister of Justice Abubakar Malami claimed yesterday that about 222 assets were recovered by the Presidential Task Force Team on Pension Reform. They were shared…

FIFA Ranking: Nigerians React As FIFA Dropped Super Eagles By 9 Places
Sports
112 views
Sports
112 views

FIFA Ranking: Nigerians React As FIFA Dropped Super Eagles By 9 Places

PH - November 23, 2017

Nigerians are complaining about the drop of Super Eagles team in the latest FIFA ranking in spite of the sterling performance in the World Cup qualifiers and…

Governor Okorocha’s Aide Reveals The Cost Of The Controversial 8 Statues In Imo (Photo)
Politics
101 views
Politics
101 views

Governor Okorocha’s Aide Reveals The Cost Of The Controversial 8 Statues In Imo (Photo)

MT - November 23, 2017

N500,000 was spent on statue, says Governor Okorocha’s aide Special Assistant to Imo State Governor on Electronic Media, Dr. Ebere Nzeworji, has disclosed that the governor approved…

Watch Davido’s Daughter, Imade, Dance To his Song ‘FIA’
Entertainment
129 views
Entertainment
129 views

Watch Davido’s Daughter, Imade, Dance To his Song ‘FIA’

PH - November 23, 2017

Imade is Davido's first child! Her mother, Sophia Momodu shared this video of their little girl grooving to his new song, 'FIA'. Watch below. https://www.instagram.com/p/Bb1LcZOjSEX/  

Speaker of the House of Reps, Yakubu Dogara, Meets Pope Francis
Politics
99 views
Politics
99 views

Speaker of the House of Reps, Yakubu Dogara, Meets Pope Francis

PH - November 23, 2017

Speaker of the House of Representatives, Yakubu Dogara, is currently in Rome. He met with Pope Francis today, November 23rd. According to Dogara, Pope Francis is well…

Video From the Flamboyant Wedding of Bilyaminu Bello to His Wife Who Recently Stabbed Him to Death
Shocking
138 views
Shocking
138 views

Video From the Flamboyant Wedding of Bilyaminu Bello to His Wife Who Recently Stabbed Him to Death

PH - November 23, 2017

A lady alleged that while the deceased was still married to his first wife, Fakhriyya, Maryam Sanda who was the side chic, used to send her pictures…

Going Solo Could Be A Blessing In Disguise – Mr P
Entertainment
92 views
Entertainment
92 views

Going Solo Could Be A Blessing In Disguise – Mr P

PH - November 23, 2017

Peter Okoye, a.k.a Mr P, sat for an interview with Inspiration 92.3 FM to discuss going solo. Mr P sat through the lunch hour, telling his story of…

Nollywood Star, Jim Iyke, Unveils New Reality TV Show “The Adventurer”
Entertainment
104 views
Entertainment
104 views

Nollywood Star, Jim Iyke, Unveils New Reality TV Show “The Adventurer”

PH - November 23, 2017

Nollywood star, Jim Iyke, is bringing a fresh reality TV show to our screens. The show titled ‘The Adventurer” is set to bring a new perspective to both…

Ushbebe And Wife Annette Celebrate 4th Wedding Anniversary
Entertainment
75 views
Entertainment
75 views

Ushbebe And Wife Annette Celebrate 4th Wedding Anniversary

PH - November 23, 2017

Comedian Ushbebe and his wife Annette are celebrating their 4th wedding anniversary today. The comedian shared new photos of them on his Instagram page, accompanied with sweet words, where he wrote: It’s…

I Pray For Everyone Not To Experience What I Experienced – Mr 2Kay
Entertainment
99 views
Entertainment
99 views

I Pray For Everyone Not To Experience What I Experienced – Mr 2Kay

PH - November 23, 2017

Mr 2Kay, in an interview with HipTV, has said he’s praying no one experiences what he experienced during his recent robbery at Eko Hotel & Suites. The singer…

Police Explain Why It’s Difficult to Detain Wife Who Allegedly Stabbed PDP Ex-Chairman’s Son to Death
Shocking
146 views
Shocking
146 views

Police Explain Why It’s Difficult to Detain Wife Who Allegedly Stabbed PDP Ex-Chairman’s Son to Death

PH - November 23, 2017

The police has said they are finding it difficult to remand Maryam Sanda, the wife who stabbed to death her husband Bilyamin Bello, the son of former People’s Democratic Party chairman Haliru Bello.…

How Nigeria Lost $9bn to illegal Mining in 2 Years
Business
79 views
Business
79 views

How Nigeria Lost $9bn to illegal Mining in 2 Years

PH - November 23, 2017

The Federal Government lost about $9bn to illegal Mining between 2014 and 2015, the Minister of Mines and Steel Development, Kayode Fayemi, has said. Fayemi who addressed…

Why President Buhari Is APC’s Greatest Enemy – Iwuanyanwu
Politics
100 views
Politics
100 views

Why President Buhari Is APC’s Greatest Enemy – Iwuanyanwu

PH - November 23, 2017

Emmanuel Iwuanyanwu, a member of the Peoples Democratic Party, PDP, Board of Trustees, BoT, has insisted that President Muhammadu Buhari is the “greatest enemy” of the All…

Why PDP Lost Anambra Election – Makarfi
Politics
108 views
Politics
108 views

Why PDP Lost Anambra Election – Makarfi

PH - November 23, 2017

National Chairman of the Peoples Democratic Party (PDP), Ahmed Makarfi, has revealed why Oseloka Obaze, the Party’s candidate in the just concluded governorship election in Anambra state…

Loading...