Repayments of your car So cheap with These 5 ways
Car cheap is not always synonymous with something that is not qualified or who are already in bad condition. Many people need a car to support all activities and a variety of other activities that are done outside the House but banged on the costs and capabilities of repayments limited. Things like this are no longer be a problem, because there are many types of credit option that we can take to address them, one of them is to have cheap car installment.
Most people will always associate the word cheap with something that has a low quality and not enough qualified, but that view is not always correct. Where currently there are many cheap and affordable car that we can make as an option. Not an easy matter when it turned out that we intend to buy a car, this must be done with caution and careful consideration as it would affect our finances as a whole. We certainly don't want to experience financial problems simply because it has a car, isn't it?
Each person will have different needs and abilities to buy a car, but as a rule, it is recommended by financial experts, then the first thing we must do is adjust those needs with the financial capability we have. Many people who force me to buy a dream car outside of his ability and it is doubtful if it turns out that it brings negative effects as well as a wide range of issues in their finances in the coming days. For that, we should think about and do a careful calculation before deciding to buy a car.
1. Cheap car; The former or the new?
Though it is said, does not mean cheap car price we can redeem with a one-time salary, especially when we only status as mid-level employees only. Car cheap in the category still will be worth tens of millions or even hundreds of millions as well, where the price will be adjusted to the type and condition of the car we want.
The first thing we have to think of is the kind of car we buy, where we have to choose between a used car with a new car but affordable and not fall into the category of luxury cars.
When it turns out that our choice is to buy a used car, then there are many things that we should be aware of before you do that, among other things:
- Find out with certainty the value or the market price of that car, it will be crucial to prevent us to buy a car with a price that is too high. Do a survey of some used car dealers or we also can know this through a lot of information circulating on the internet. It never hurts to ask friends or relatives who also have a car and qualified knowledge in this regard.
- Check the condition of the last car. This is one of the most important things for us to do, because at the time of going to buy something, then we must know clearly the conditions and all the risk in the goods to be purchased. Do not let us buy a car in a poor condition and is not well maintained, this would be very risky to make a wide variety of losses in the coming days.
But if it turns out we decided to buy a car in a condition that is still new, so it's good we know your needs and the kind of car that suits your finances. Currently, on the market, there are many new cars at affordable prices, where we can easily select and customize our needs with the kinds of cars.
Buying a new car is simple, can be a long-term consideration, where cars like this will not require a wide array of maintenance costs or damage due to the excessive engine was still good. Consider carefully before deciding to buy a used car or new car.
2. Cash advance
The next thing we need to think about is the amount of down payment, this applies when we are going to buy a car in credit through leasing, be it a used car or cars in new condition.
Make sure we have a number of sufficient funds as a down payment, this amount will greatly affect a number of installments payable each month. Despite having only 25%, but it doesn't hurt to dress pays an advance larger than that provision, so that the value of credit debt we have is getting smaller. Small credit debt, of course, will be directly proportional to the amount of the monthly installment is small too, this will also affect the interest repayments payable each month.
3. Negotiable Discount
As a buyer, we, of course, wanted to get the best price offer on the market. Have sufficient knowledge of the features found on cars and car prices in the market, this will help us to do the negotiations and get the most lucrative deals at the time of purchase.
There are many dealers that offer a number of discounts on purchases and we can choose the best one among them. Don't rush in determining the choice, do a comparison against a few dealers before finally decided to pick one of the best deals and lucrative.
4. Do the survey
When going to buy an item, then the survey is an obligatory thing to do, especially when we are going to purchase an item of value. Conducting the survey will give us the opportunity to get the best prices and prevent we experience losses on purchases already made.
The first survey we should do is to a number of dealers which is quite reliable and has good credibility if they have no knowledge that qualified on the car, then there's no harm in us invites as well as a relative or a friend who has enough understanding in this regard.
Usually, the dealer party will provide references we can use leasing as a financing institution credit we will ask. Understand correctly the rules and provisions that they apply in such cooperation. We can also choose and determine your own specific leasing services indeed we find most good and worth to be used. Do the survey at several dealers and leasing all at once, this will help us in finding and leasing a dealer with service and the best deals.
5. Perform Simulation
After getting a certain amount of information from dealers and leasing, then the last thing we do before it was obliged to take a decision is to do a simulation credit. This will help us in determining the final choice and customize the capabilities of our pay against the purchase we will do.
Example: when we intend to buy a used car for $ Rp80 million, with interest charges amounted to 7% per year and the credit for 2 years, then the calculations as follows:
- The price of the car: Rp80 million
- Cash advance: Rp80 million x 25% = Rp20 million
- The amount of credit to the bank: Rp80 million – Rp20 million = Rp60 million
- Interest expenses for 2 years: 7% x 2 (years) x Rp60 million = Rp 8.400.000,-
- Total debt plus interest: Rp 60,000,000,-+ Usd 8.400.000,-= Rp 68.400.000,-
- Mortgage per month: amount of Rp 68.400.000,-/24 (months) = Rp 2.850.000,-
Total first installment payable:
- Down payment: USD 20 million,-
- First installment: 2.850.000 Usd,-
- Insurance costs (assuming the 1.8%/year): 1.8% x 2 x Rp60 million = Rp 2.160.000,-
- Administrative fee: USD 800,000,-
- Then the total down payment payable = Rp 25.810.000,-
6. Cheap and good quality
Civil Cars Can Also Be Saved
Basically, all matters relating to finance it could be saved. But, successful or whether everything is back again to you as the person doing it. In relation to car loans, by doing the things above, expenditure on purchasing a car can also be pressed and you can also find a used car that his condition is still good.So Friend AutomotiveZone24 Tips on buying a car from us we wish you get a dream car in search, look forward to the next tip if AutomotiveZone24 companions liked the helpful tips from our don't forget in share well, Thanks
