Want To Buy A Car?
The cost of a car is often more than the cost of a house. For example, a car may cost 600,000 yuan to buy, but it may depreciate quickly to 100,000 yuan after just a few years. It is also easy to buy a car, but difficult to maintain one.
When buying a car, be sure to read the reviews before making a purchase. Only then can you make an informed decision about which one is the best for your needs.
Must-Know! Grasp the market situation: Want To Buy A Car?
When people are looking to buy a car, the most intuitive factor is often the car price. However, this isn’t always the case - there are many opportunities to find a bargain on cars even if the car’s market price is announced. The key is to find the right time and place to buy a car. ..
When? The end of January and end of July are the most cost-effective
1. Competition month: dealers rush orders
The main point is that the competition month is usually in May or July. Dealers will usually launch promotions during this time, and this is especially good for car buyers because there are often discounts and bonuses offered. Some car manufacturers take a year off during the competition month to adjust their production lines. ..
2. At the end of the third quarter, auto show: the handover of new and old models, limited-time discount
In the third quarter, many automakers will launch promotions. This is because in September, new and old models alternate. Therefore, many consumers will be attracted to these offers. This part of the year mainly attracts people using high-interest rates and buying cars with a warranty in mind.
Where to buy it? The more strongholds, the better bargaining
There are a few things to keep in mind when choosing where to buy a car. First, the more competitive the region, the more obvious the price fight for business. Second, make sure to visit different automobile chambers of commerce in different regions to see what’s available. Finally, always compare prices before making a decision. ..
The more densely populated areas have more sales bases, and the competition is fiercer in these areas, meaning that consumers have a greater bargaining space when buying cars. ..
When buying a car, is the business able to come to the scene of the accident or only be able to assist by telephone?
This is more cost-effective and convenient to purchase a car at a place “within 2 hours from the return trip” of your residence.
Must-Know! Crack the loan trap
In order to answer the question of where the money comes from when it comes to car prices, one must also consider how to make smart loans. ..
There are two main types of car loans: self-operated and with financing companies. Self-operated car loans are the most common, as they are available from most car dealers. With self-operated car loans, you will need to finance your vehicle yourself. This is because the dealership will usually have a preferential loan scheme in place that allows them to give you a lower interest rate on your loan than the average lending institution. Bank-owned car loans are much less common, but they can be just as beneficial if you have a reliable credit history and can afford to pay back the loan quickly. A bank-owned car loan is typically a longer term loan that offers higher interest rates and requires more collateral than an individual self-operated car loan.
Cash payment by card? Don’t underestimate the service charge. It’s worth less than 4%
If you buy a car at the cash price, you can keep the car price to the lowest. However, if you pay for the car in installments with a credit card, you can often get a lower interest rate and pay off the loan faster. ..
At this time, the car dealers, banks, and consumers are all involved. The bank will pay the full cash price to the car dealer at one time, so the car dealer will sell it to consumers at cash price; Consumers and banks then complete the transaction by installment payment.
This is a bank-issued loan with a 0% interest rate and a handling fee of 5%. The total amount repaid will be 400,000, and the handling fee will be 33,333 per month. If the annual interest rate is converted to dollars, it would be $9.58 per year.
Must-Know! Estimated hidden cost
Tax: the higher the exhaust volume, the higher the tax
The vehicle ownership transfer will complete and the supervision station will calculate the unpaid tax for the current year in proportion according to the annual tax collection date, including license and fuel taxes in April and July.
The annual license plate tax and fuel tax are calculated according to the exhaust volume (C.C.), which means that if the same vehicle has different power options, you can pay attention to the tax difference caused by the exhaust volume. For example, for 1ㄝ300 C.C. passenger cars, the annual license plate tax is 11,920 and the fuel tax is 17,440; but if it is 2,000 C.C., the total tax will be 17,440 which is equal to 5,520 more each year.
Insurance: You and others should be fully guaranteed
In the event of an accident, it is important to decide which expenses are for yourself and which are for others. ..
Third-party liability insurance is compulsory when a car accident occurs, because of the person’s fault, they must compensate other people’s expenses.
When you buy a car, it’s important to think about the cost of maintaining it for 10 years. A car costs more to maintain than it does to buy, so if you’re going to spend a lot of money on your car, make sure you’re prepared for the long term.
