10 Mistakes Lots of People Make When Buying a New Car
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- เผยแพร่เมื่อ 19 มิ.ย. 2024
- According to statistics, most drivers change their car once every six years, which is a pretty long period of time. To take the best out of your car in those six years, to save money and to avoid constant repairing, you’d better avoid ten mistakes many of us make when buying a car.
One day you’ll probably decide to sell your car. That’s why you have to consider some important features. According to Paint supplier PPG Industries, white is the most popular car color in the US with 35 percent of all sold vehicles. It is followed by black with 17 percent, and silver and gray that both got a 12 percent popularity.
In case you want to purchase some good old German luxury brands such as BMW or Mercedes-Benz, you have to be prepared to pay around $17,800 and $12,900 for ten years of maintenance accordingly. US popular brand Cadillac comes next with an average $12,500 maintenance cost for the same period of time.
Additional airbags, a passenger sensing system that can tell the size of the person in the seat and save smaller children in case of a crash, auto-dimming mirrors to reduce the glare coming from headlights at night, head restraints and ABS are some of the things you don’t want to save money at.
Make a check-list of features you need to check and think of where you’ll be driving your new vehicle. Try driving on the highway and park in uncomfortable conditions if that’s what you know you’ll have to do in the future. Examine everything to help yourself make the right decision.
Don’t be afraid to miss “the deal of a lifetime.” You must have noticed those come up now and then, so you shouldn’t let them pressure you into making a wrong financial decision that will affect your budget for years.
Music:
th-cam.com/users/audiolibrary...
TIMESTAMPS
You don’t think about resale value. 0:32
Car maintenance can be expensive. 1:46
You pay for optional items. 2:50
You buy a brand new car. 3:33
You buy a car that is too big or too small. 4:03
You can’t choose between car’s prestige and technical characteristics. 4:34
You don’t examine the car. 5:19
You miss advantageous offers and discounts. 6:08
You don’t try to lower the price. 6:30
You’re in a hurry. 6:51
SUMMARY
-First, the car brand matters: there are brands that are more or less popular among drivers. Second, you need to think about the vehicle specifications and the engine. Third, don’t forget about its color.
-Think of how much of your family budget car maintenance can make, and decide if you want to spend that much on your vehicle after you’ve purchased it.
-Some drivers don’t smoke inside their cars. In this case, they don’t need an ashtray. An additional corrosion treatment is useless as well because cars already have an anti-corrosion treatment.
-The best choice is a car model that is no more than three years old and already well-known.
-Try to predict how many times you’re going to travel by car, how many passengers will be there, and so on.
-A premium class car will give you better safety, high performance and increased comfort their manufacturers guarantee.
-Gather as much information as possible at reliable websites and among your friends, consult an independent specialist, and test drive your chosen car.
-The best time to buy a car starts in December and reaches its peak in March.
-Try to call or send emails to different dealerships saying you have a better offer and asking if they can beat it.
-Spend enough time to gather information, consulting specialists, and weighing the pros and cons.
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I buy a car for my own self satisfaction, considering my financial status. I don't choose the car specifications to please the next owner.
Do you live in germany??😏
This video is focused on cost savings, if you don’t mind throwing money away you can buy whatever car you prefer ignoring its depreciation and cost maintenance
Bot
When I buy a car, I'm not thinking to sell it, I will use it until its last breath. Proper use and maintenance are the keys to last your car with you.
I agree. My car just died in October at 14 yrs and 265K miles. Miss my Nissan Altima and seeking a new car now.
How did it happen? Can it not be repaired anymore?
The problem with that approach is that modern cars are safer than old cars when you decide to keep your old car you are missing all the new technology that could safe your life one day
@@bosethminidu some car brands are more reliable than others
Im 16 now when i buy my first car ( golf 5 gti ) i think i will never sell it
You drive that car for 6 years, you get to pick it, it's your hard-earned money. And then instead of choosing a colour *you* like, you pick a colour you think the next owner will like!?
you're right.....
That's true but this video is entirely focus on cost saving.
hahahahahhahaha
ironic indeed but worth it
If you don’t mind burning your hard earned money you can buy the car of your preference without taking into consideration depreciation and maintenance bills
@@leoncharles1431 Yeah very ironic but it'll definitely be worth it in the future lol
The main mistake is you're reading the comments instead of watching the video.
blitzyclint i finished the video then read the comments
Touche
But I can read and listen at the same time.
blitzyclint 😂
dalindar
I put this video speed to 1.25 and now it wounds normal
I can't believe it but you are absolutely right😅 their videos are so slow and boring
Same..
you wound wierd
mrzack888 this
Even at 2x speed, there isn’t an information overload!
When I sold cars, I recommended RENTING a similar car for a week. Let the wife go grocery shopping, take the kids where ever, take a weekend trip, THEN decide if the car will fit your needs. My manager had fits because I didn't "close the deal" on the spot, but MOST of my customers came back and either purchased that car or decided it didn't fit their needs and tried something else rather than be stuck with an expensive purchase that the wife will hate and won't suit your needs.
That's a really good idea, pretty cheap to know if you actually like the car. You sound like a good honest salesman, I appreciate that.
MrTommyboy68
Are you a unicorn?
See kids this is a good dealer
@x1c3x: Nope just and HONEST car salesman. I had a LOT of happy customers because I made CERTAIN the car fit their needs. And WHAT does being a unicorn have to do wit the price of tea in China??????
some cars you cant rent though. I test drove a Honda Accord and the sale guy said you cant rent them. I currently drive a Mazda 6 and i knew within 3 days i didnt like the car. But by then it was too late. Unfortunately its hard to find new cars to rent. Im looking at the 2019 VW Jetta and you cant rent them. I have been trying hard to pick a car i will like. Id love to drive a coupe but there are none out there comparable to a mid size car.
Im 25, single, no family. Ill buy the car i want.
Goodluck to ur future...😁
henri isagan get a m3
shame sad life. marry ur car aswell lol
bright side is with you
@@sadangaming8021 better than having a wife...
I would rather marry my car than my wife!
I bought my car new in 2002, and I’m still driving it. I bought new because I planned on keeping it a long time.
I've never seen a SUV more off road then someone's lawn.
You don't live out in the middle of nowhere... A lot of my friends have actually went off-road doing doughnuts and bottoming out their normal sedans, and its common to see someone taking a SUV or truck (pretty much used the same for having fun), and they'll just be having a blast drifting in the snow during winter. Some of the kids in my high school had them lifted (about 2 to 3 feet, sometimes gutted with huge V8 8 Liter engines for mudding). It was fine, they did it themselves and had great practice welding and fabricating modifications. We even had people working on modifications during ag class since, so even during school people were modifying things.
Nothing like going to class and seeing your classmates welding roll cages into their vehicle!
than
I do it all the time.....in my Forester
Great! One question, What is a Forester?
Robert Craighead lol! Good one
The thumbnail for this video shows a mistake that isn't mentioned in this top 10 list ... spending too high a percentage of your income on a car.
Good to know! Thanks for the video! Very informative!
Very Helpful. Thank you so much
Watching all car reviews helps a lot
Heyy first time love it thanks for the lessons.
This is great and i like the man's voice as well. Thanks very much
Thank you for this video!!!:)
This video really helps for someone who buys a car....
Yes........ dont use This as a guide
The #1 mistake that many people make when buying a car is simple: not buying what they want. Buy what you love. People spend hours upon hours driving. Make all that time worthwhile.
Yep, I love my rotary! Long live rotaries!
(that's 50 to 100k miles in rotary terms, but you have a smile every second you're driving them).
Rotary just needs a rebuild once a while. :) And loads of oil. But the sound is amazing.
if I bought what I love, I'd end up spending all my net worth just to maintain her
TFL - Eternal Defiance sometimes that’s how it works. It’s a sacrifice, but the majority of people who make that sacrifice are happy they made it.
I will never be happy without money no matter what it was for. I'll drive a car I hate and have money, then drive a car I love but without it.
I got perfect idea about the vehicle. Thank you very much and keep ti up.
Thanks. Really helped me a lot
In my country there is a saying: "There's a buyer for every cow"
It means that you should buy whatever you like, if you want to resell it later, you will find buyer 100%.
Not always
"... [white] stands for semplicity, purity and order..." It just keeps the car cooler during summer months.. just saying.
Also tells me the owner is boring, and unwilling to take risks. I could never be friends with anyone who drives a white toyota camry. They would probably put me to sleep talking to them
White isn't that bad a lot of cars look good in white especially if you add a lot of black or carbon fiber accents but yeah i stray away from white just because there's so many white cars on the roads
Other colours can reflect heat as well such as orange bright green or blue etc
@@inspirice9844 I wasn't aware of this, always loved orange cars. I bet not many other people like me know this tho.
@@LorenzoLiteFlowFurlanetto orange is apparently one of the safest colours but it's so rare ;-;
Thanks a lot... I knew some of this.. But this will help all the confused people who's buying new car.. Great video
On a VW forecourt in SW London, I'd seen the much criticized Phaeton that was only 15 months old (diesel engine) and it lost £10,000 in such a short space of time - that's the average cost of a basic specced city car.
The message here is clear : if you want a prestige vehicle (like the aforementioned - it shares very much of the Bentley GT coupé) purchase when the car is two years old : you're likely to pay a much lower cost due to its initial depreciation and there's going to be some warranty left.
Makes perfect sense!.
4:46 How is she driving forward but her hairs blowing the opposite direction ??? 🤔😂😂
Probably opposite directed wind flow may way powerful..
lol
Mistake #1 and #2. Buying brand new car on credit. #3. Keeping it only for 6 years. #4. Buying a German Premium car.
My 2008 Highlander Sport has over 280,000 miles and still running smoothly. Tips, every 5000-7500 use mobile one full synthetic oil, rotate tire, balance every 5000 miles, replace air filter and cabin air filter after every oil change. Wash the engine bay every 10,000 miles, transmission & radiator flush once a years, and drive normally so your car can last for 10 years.
Excellent information.
One tip: share your car with collegues, friends and family so they can participate in the costs.
Depends on the jurisdiction . In my country, if someone drives your car and hit someone, you will be liable as well.
For me insurance, brand (Japanese), used, automatic and colour (black) were most important. As a new driver my insurance quotes were all £1000-8000 per year, so it rules out a lot of brands. I got a nice black Toyota Yaris hybrid and got my insurance pretty "low" for a new 25 year old driver at a little over £900
Me and my family are still using our 17 years old vehicle upto now. Thanks for the nice advice, we will be buying our new car this year. Hope everything goes well 🙂
Very valuable information 👍😊
4:28
Hatchbacks are smaller than sedans.
Three Way Comparison: Golf (Hatch vs Wagon) vs Jetta:
Golf|Wagon|Jetta
Length: ~4.3m (168") | ~4.6m (180") | ~4.7m (185")
Hatchbacks are smaller outside and have less volume than the equivalent sedan. In most cases the wagon is as long and has more room than the equivalent sedan, but less room and more economy (and better driving feel) than the equivalent SUV.
First mistake: bying a new car. Second mistake: bying a french car.
“bying”
actually
bye
But I’m interested in a second hand peugeot 🥺🥺🥺
I have a renault duster , tata tigor and a jaguar xf.. we use renault for daily use and city drives. Done 100000 kms. No issues. French cars are not bad afterall.
Service cost is very cheap as well
4:04 I have a tiny Renault Twingo. It's a diesel. Diesel is a bit cheaper in feul-milage and maintenance in Europe. I travel a lot for work. All the equipment fits well. And when I ordered it I added the better front seats for more comfort. It saves money since it's a small car. But powerful enough to pull up when needed.
Thx brother it helped a lot
I bought. 2007 Honda Civic for 2k,I bought a new compressor and fix the a/c fix the 2 front speakers,got 4 rims from a junk yard spray paint it Black,now I have to find some1 to sand my car's paint so I can paint it dark blue! 💪💰😎
I have two issues with this advice. Issue one, luxury cars depreciate more than regular brands. Take a look at an 8 -10 year old Mercedes CLK or S-class. Issue two, depending on where you live, the "Optional extra corrosion protection" will not be wasted money. If you live somewhere with snow and salted roads, this will not only be a selling feature to add value for resale, it may be the difference between selling you car versus scrapping it.
That's because Mercedes is literally one of the worst brands made nowadays. What kind of luxury it is when it has to be towed and repaired five times a year and rusts faster than other 10x less expensive cars? It's a joke.
draconpost lol have u owned a new mercedes to say that?
draconpost My friend has Mercedes B-class and I think that car is not going to die in next 30 years. She is only changing normal things like oils, filters, etc... I have Audi A6 and that car is most reliable car I ever had tbh. German cars are reliable and cheap to own. (Not all but most of them).
Very.. Very... Very... Awsum informative Vedio you made for best and proficient assistance for your viewers.. Thanks a lot.. Jazakallah Khairah.. Vish you all the best for your evergreen success..
I concur with all the tips. I did do most of them when purchasing my SUV. No off roading in Norfolk, Virginia for this Nissan Murano LE. 😄
I love watching your videos
Your*
Ģirts Siliņš thanks
Zabi i Gari he sucks and he lies
I never finance a car , I once purchased a Cadillac CTS for 1500 put $600 on repairs . Drove it out west and sold it for $5000. Was the easiest $2900 I ever made 👌
we get it... you're cheap
pipiligrama some may call it cheap , others call it smart 🤔🤔
it wasn't even your car if you just bought it to resell it, which is not the topic of this video... and btw, you didn't "make" $2900 on your "deal"; you're not taking into consideration gas, food, lodging and your time (and let's just assume you jumped the title). For being an "investing hustler" you sure know jackshit about "investments".
INVESTING HUSTLER - Stocks and money making videos i dont think he likes you.
pipiligrama .
Excellent... Superb video l like this video great job
Great video!
Number ONE mistake. Don't buy new!!! Especially the luxury or just simply higher priced ones. It's BETTER to buy one of those that is 1-2 years old instead. You'll PRACTICALLY pay just HALF the price of new. My brother in law had bought a 1 year old Ford Explorer a few years ago for $28000. And that particular model (and features) cost nearly $50000 NEW!
YOU SEE THAT?
Its never that simple as some people mange to sell cars with hidden problems or industrial defects and not all of us are experts.
Gilbert Arciniega. Good tip, very much appreciated.!!!
so just take it to an inspection, a 1k ispection, 5k repair job is still cpeaper than the car new, also not all cars are defective people don't sell their cars when they have defected they get an insurence pay out, the only problem people lie about is accident but all you need is a jack to look for cracks in the subframe, also look at the listing if they say V4 they are dumb and probably did't take car of it, also there is dead reliable cars, you can get a volvo 240 for under 1k and it will live longer than you
Never buy new is the best rule these days. Even more so than the luxury German cars. They drop so much in the first 2 years. I rotate through new BMWs every 1.5 years. I just picked up a used BMW that was 1 year and 5 months old with 24k miles for $42k off original sticker. Ever better advise for states that charge a yearly excise tax on cars. The excise tax drops dramatically each year.
Don't spread the trick dude.
If people stop bying new, we won't have cheap used cars to buy :D
You gotta love the fact that on the thumbnail, the car on the right is actually more expensive than the one on the left.
Brightside can you make more of car videos I really enjoyed Them And I really love that you have an awesome channel
The trick in which you tell about another dealership with better prices is very useful in electronics too, if you get a $400 microwave in one shop and a $500 microwave in a trusted shop, then you may even give them the details of the other shop and then get the microwave at $350. Also, if you live in a joint family, then I suggest that you should buy all your cars from a certain dealership, so that you can negotiate prices saying you are a regular customer.
buy a by-cycle economical,eco friendly & easy
Till it rains...
This is definitely helpful since I'm saving up for a first car in the future. I got my license in February but barley got to drive since...
Practice practice practice. Even practice drifting in an empty parking lot (especially do this as well in the snow and ice), it's very likely it may save your life someday (and maybe even your families). You need to know how to push your car to its limits to avoid danger and get to safety under all conditions.
to Several years ago my DH & I purchased a 1999 Ford Ranger Truck. We had friends that usually purchase their cars either in March OR December, so we started looking in October, and when we had decided to purchase the Ford Ranger with a crew cab in December. We purchased the car on December 17, 1999...and got a great deal because we had emailed and talked to 3 different dealers and the dealers and the salesmen all knew we were talking 3 different dealerships. We got an excellent deal on our Ford Ranger. I am thrilled that Ford is bringing back the Ranger, however, since 2005 I have been leasing our cars. I am leery about leasing a truck, simply because if you use the truck for what it is made for (we have quite a few things we plan to do with our home, remodeling etc. and if I lease and the truck were to get more than just regular wear & tear from the months we leased (usually we lease for 24-36 months) then I would have to fix what ever damage we did to the truck instead of normal wear and tear. When my lease was up for the Chevy Monte Carlo in 2009, I had to pay $234.00 for the body shop at the dealership to fix the bottom of the driver's side door because my DH didn't judge how far he was away for the drive thru at the bank. I have to get the driver's side mirror replaced on our current Ford C-Max due to my DH damaging that however, I am not going to have the dealer's body shop fix it, I am going to take it to a well-known Body Shope in my area.
I actually love leasing!!! We don't have to worry about any serious type of problems with the autos I lease, and for the most part you can return the auto 6 months PRIOR to the end of the lease agreement which means I can turn the Ford C-Max (2016) in next month if I choose to do so.
I bought a new Suzuki XL7 in 2008 & have put over 259,000 miles on it , needing to take it in for repairs a few times mainly electronic sensors needing to be replaced which didn't cost much & had to have catalytic converters replaced 2 years ago which was my most expensive repair at $1,500.00 , other than those it was just repairs that due to wear as in replacing tires , wheel bearings , rotors , oil changes , transmission flush , having filters replaced & taking it to a body shop because I hit a deer & due to hail damage. Windshield replacement is free where I live which has saved me quite a bit of money.
Conclusion: Buy Toyota and call it a day. Best Value, reliability & Resale
Amen
Lol
It is better also to ask how many owners this car had because statistically if the number of owner is big the car is more likely to have some features that are altered or even deleted but you still paying for (eg the seat belt alarm)
Maybe, or if I owned it, expect 30,000 modifications. So statistically speaking, the less time I own it, the less time I've had to make modifications.
Actually I just thought about that. I was going to do some modifications that are legal for me, but illegal for most people.
Program my own control unit (remote start, automated rev sequence and LED show display all activated with the push of a button going through encrypted controllers with literally 1 of a kind programming). However, I would need to change the radio frequencies for the next car owner, because I was going to use frequencies only allowed by HAM radio licence holders like myself.
Good point, maybe I should start with radio legal for the average Joe from the beginning.
Not just for any modifications but also if a car has had alot of owners in a short period of time then it could indicate its not very reliable. Eg if a car has had say 4 owners in only 5 years. A car with less owners can usually mean its been reliable
Great sharing.
Bought a 4 Year old Peugeot Microvan as my car this time, best decision I ever made: Cheap and against all odds very reliable. Also super luxurius for an econobox
Buying a new car is the first mistake
Devin Haisma have u bought a new car?
biker dude no and I'm never going to, because as soon as you drive away from the dealership the car lost already half of its value
Devin Haisma 3:33 yep, that’s why it’s in the video 🤦🏽♂️
@@devinhaisma That depends on the car, I'm currently on the look for a Dodge Challenger here in Germany, many 2-3 year old cars sell for more than retail value because Dodge does not sell this car here and many people people don't want to go through the hassle importing them by themselves.
Tiari I would strongly not recommend buying and Chrysler products atm just due to lack of quality control for the past 15 ish years if you’re still wanting a muscle car I’d look Towards a Ford or Chevrolet if you do choose to buy a Chrysler get the eight speed it’s the same transmission used in the 2020 supra
Some people just like cars. And they are happy to spend money on something they enjoy. It's not always about the "best" deal.
For me, driving is pure pleasure, I love cars and all the tech, I love the sound of a powerful engine and appreciate the skill and design that went into making the car.
If everybody only ever spent the bare minimum, there would be no car industry left.
If you have the money, and you enjoy it, it's not a mistake to pay for it.
The first half of the video is pretty good accurate. I have been selling cars for +2 years but a lot of the dealership's in my area (Midwest) are now going to a 1 price way of sales. It eliminates pushy sales and we also don't work off commission. The best thing is to ask your dealership is they are a one price dealership it will eliminate most of the problems in the second half of the video.
This is really good info
The mistake itself is buying a car new...
So true
Imagine if you didn't have to buy the car in the first place, just pay for the use of a car.
That would cost way way more than buying a used car. Just look at current car sharing services.
I assume you are referring to leasing a car. Imagine if instead of giving $400 away a month to a bank to lease a car forever you saved and invest that amount from age 25 to age 60 at 9% rate of return. You would be a millionaire at retirement.
Your assumption is wrong. I am referring to buying a car that is in working condition. It is possible to buy such a car for around $3000. It's not a new car but it works ok its maintenance is not that expensive and now you can start saving for more important things. Your scheme of an infinitely extended, guaranteed 9% return is a fantasy. If you invest in something riskier to get to the 9% and you don't know what you are doing you are very likely to lose all your money.
Why am I watching this I’m not even old enough to buy a car😂
Holls i can drive a car but only 14 :(
Because youtube recommends it
One day you'll have to.. enjoy 😉
Same lol
Same
Awesome video!
These advices will very useful for me
Thank you so much😘❤
Just buy a brand new Toyota every 20 years.
That way, you will only have to put up with the hassle and expense of buying three cars in your lifetime.
Lol im surprised people don't keep their cars for more than 15 years when buying brand new
Just buy an electric car
So you think I can afford a toyota ? well no !
That a really sad life
Simple as that!
I lease and write it off for my business, I only get what I want and every 2-3 years I get new. Mercedes has a good residual value and the new cars are extremely safe and reliable.
helpful info 👏👏👏👏
I really loved this vedio, it is as if ur speaking my mind out, I love cars but I'd rather lease it than to buy it, and have a simple car owned.
Buying cars new is a scam and a huge rip off.
But these are still pretty good tips for getting ripped off *less* from car stealerships. Nice video =)
my recommendation is to try living with that car for a week. Use services like Turo, rent out the same model from them, experience it and then make a decision. I did the same and realized getting a Camry was better than getting the civic.
JoshuaWashua Needed a bigger car mate and was able to afford it.
The description of this video... I like that
NICE VIDEO!
I went 12 years with my 2005 corolla so I had a good reason for a 2018 corolla se.
Bro toyota is toyota nobody can beat it's quality one of the best car company I will suggest u to buy toyota innova crysta it will be better for your family I own it
Awesome bro love from india☺️☺️👍
My first car was a Fiat Punto with the rugged 1.7TD engine.
Bought as second hand car with 40'000km for the equivalent of 5.500€ in 2001.
It last 11years, 285000km with heavy modifications, about doubled the power, running on vegetable oil for more than half its life.
Crushed even if functional because of secondary problems.
The second one was a Piaggio Porter (Daihatsu Hijet rebadged) 4x4, bought for 3500€, in my hand for 4years and 50'000km of work, loaded with twice the rated load sometimes.
It is running, but I passed to a Volvo S40 1.8, 2000€ with 26'000km...
Putting a random clip of the Holland tunnel though at 4:58 xD brings back bad memories of traffic on canal
The problem with luxury cars like BMW and Mercedes is that they are less reliable and cost more to repair as they have allot of electronics/computers which are not easy to repair either. So, unless you are rich you shouldn't be buying those luxury cars.
Not realy. My first car 9 years ago was 2002 mercedes s600 amg, i bought it in Germany for 4k dollars. I spend another 4k dollars to fix it completley. So 8k for luxury sport sedan from premium brand, and those cars are pretty relayble. Problem is idiots buy them, drive like idiots and that is why they brake them
dont be in a hurry....idk how much money im gonna throw at this maxima!!!!!
All good advise for the most part. Gotta watch out for those salesmen though. One was trying to sell me into a car before they even showed me the car last time I went car shopping. I ran out of there quick. Found a nice reliable one down the road instead.
should i buy brabus S65 2018 or camry 17 ? which is better?
Buy a hatchback it has the same fuel economy as a sedan and it's much much more practical to use.
Europe agrees with this statement :)
I've had my car for 20 years (FORD Scorpio)
really great advice!
Im from india , tis vdo is much hlp ful .. im getting a car nxt mnth . .. thx a lot fr tis vdo ..
Buy only from new car dealerships (they have used cars to) and never finance through the car lot. Get a pre-approval from your bank. Then you know your budget and cant possibly be tricked or talked into going over budget and you already know your interest rate. And never tell them how much your pre-approval check is. If you have 15k, tell them your budget is 10. The price is always higher than their bottom line. Check the car over for dents and scratches. Excuse yourself to the bathroom. Check on your phone how much the car goes for and dont pay much more over that. Also remember you have to pay tax and fees so the price will be a little higher than the agreed price.
Except that manufacturers often have great incentives to finance. When I bought my pickup the dealer gave me an extra $1,500 off if I financed through the manufacturer. I had to finance at least $3,500 at 0% on a 4 year term and I could pay it off at any time. I took the $1500 and paid it off 60 days later, but the deal (4 years 0% apr) was still better than any bank would have given me.
Good Point. Yea, if your buying a new car.. either way, doing your research can save you tons. Iv seen people pay horrible interest rates for no reason. You have to know, going in, what your willing to pay. If you get a better deal than that, bonus.
Never buy a 2nd hand car from a dealership that is marketed as ‘as traded’ no registration or road worthy certificate - when a dealship gets a trade in they do an appraisal and if the car is going to cost a lot to get a road worthy certificate or needs a lot of attention they will sell it ‘as traded’
Point number seven is very important, i noticed this especially with phones and software, when the new visual studios came out in 2015 i pounced on it, it had nice themes and added UI features but my computer kept crashing, so i removed it and installed the latest version of VS 2013 that came out in 2015 and it ran smoothly. I figured this concept extended to other consumer product like cars. When a manufacturer like BMW releases their 7th gen 3 series next year (2019), buy a brand new 6th instead, that is the best batch in its generation because its been revised and tested again and again for the last 5years, plus the price is drastically reduced by the demand for the newer ones, some time they even add in next gen features. Alternatively just by a corolla or a camry.
Excellent Superb video l like this great job
Never take your girlfriend with you, than color and emotions are more important to them than specifications! :D
The thumbnail is just WRONG 😒😒 A 10+ years old BMW 3 series E90 doesn't cost more than a last gen Renault Clio RS
Michael Petrakis mybe it's the cost of maintainance thingie
drunk1kangaroo true. But again it's not just any clio it's the rs model so parts are not that common
This is exactly what I thought too, plus since the e90 is one of the more popular luxury vehicles, parts are cheaper than you think
I guess they factor in reliability costs i mean a old beamer is more likely to break down and require more maintenance. Then fuel wise the beamer is likely to be heavier on fuel than the Clio. But as you pointed out its a Clio RS a regular Clio would probably be better on reliability and fuel
taz874 Bimmers aren’t that bad in terms of reliability. And as you said it has very bad fuel economy compared to a regular Clio. But the RS model might be kinda worse. Also, (coming from a Renault owner) Renaults break A LOT. And parts are not cheap, especially for newer models..😏
I am guilty of #1 on more than one occasion, the car I currently own was on sale and I hurried to close the deal. Aside from two mechanical issues, I think made the right call (or just caught a break) and it's served me well since the purchase. That being said, it had a pretty much flawless history of maintenance and ownership.
5:51 I can't stress this enough; subject the car to tests designed by you! I once test-drove an old Range Rover over a curb and I think the rear suspension folded like a cardboard box. Needless to say, I didn't buy it.
Bought a golf for 3500, spend 700 on maintenance/repairs and it's been trouble free for over 4 years. If I sell it next year I'll be able to sell it for the same price and I've spend less then 1000 on maintenance over 5 years. Cost of maintenance and resale value is my main reason to buy or not buy a car while not having to go to a dealership for maintenace is the nr 1 priority.
Small summary:
*Buy a Toyota*
Martin Leonardo Santacruz Molina no buy a Tesla or other electric vehicles
@@josephb.3841 Toyota makes electric vehicles.
No Toyotas may be reliable they are not as luxurious as the German cars
Absolutely. Researching 1001 cars is a waste of time. Buy a Toyota and call it a day.
Jose8090 Teslas are not that cheap buddy
I bought my car with a brand new model year, I haven't had issues with it. I suppose I did get a little lucky with that..but it's great feeling like the only person on the road with that car for a good 1 to 2 years, otherwise why buy brand new in the first place if it's been out for 3 years already?
@kevin
Very true,
there is THE EXPERIENCE isn't there.
so.. when you're driving to work in the morning and you are pretty much the only person on the road with a new car and everyone around you has a 10+year old car
back in 08 i bought a brand new Mazda 6 Luxury sports 08 Model
Leather, Sunroof , the whole bit
it was amazing and a pleasure to drive
I bought brand new model last year and I had sensor indicator flashing on issue, the service station found the problem was false alarm because of cable defect. They kept my car 3 painful weeks because my car model was new and they didn't got the product replacement from company fast
What car did you buy?
Very helpful
Just bought 2018 Ram Rebel last month,saved $15K on it,cause the 2019 models coming,the truck still new,I love it
Here's a tip that goes with the test drive. have a friend go with you. let him ride in the front, and then the back seat. Some problems are easier to notice based on where you sit. (IE i was in the back seat when I was out with my father looking for a new car for myself, in the back seat I realized one potential car had a rough transmission)
Nobody listens to a person with a furry propic
Ad hominem.
White color's popularity is not because everybody loves them but because car sellers charge you extra money for metallic paint! Thus people go for the white color instead of paying extra for something that is not crucial.
very very helpful, #thankyou
Not to buy new car is somewhat of a myth. For the vast majority, yes, it's a bad idea, and it is almost always better to buy used. But for the financial literate, buying new is sometimes better!
I've bought 3 used cars and 3 new cars in my lifetime (for me and my family members). I actually prefer buying new. Here's why:
1) I always buy new cars AT THE RIGHT PRICE. With 10-20% off MSRP. I do this by not buying it the day it gets released but wait a few months after the new model demand cools off. I then shop around and negotiate with at least 3 dealerships to find the best deal. This way I get to take full advantage of factory warranty and sometimes free maintenance. I usually only lose 10% of the car’s value after 3 years of ownership. (on paper, it did lose 30% in 3 years. BUT in many cases new cars can be had for 20% under MSRP, after 3 years I could sell it with only a 10% loss. if I wanted to.) Take into account of the wear and tear items that you need to replace soon after buying a 3 year-old car such as brake pads and tires, it’s actually not a bad deal. People say “you lose 20% of the value when you drive off the lot” because they overpay for new cars!
2) More on cost of maintenance: The difference between buying a new car and a used car that is, for instance, 3 years old, is not the cost of the first 3 years of maintenance (which is small), it is actually the cost of the LAST 3 years of the car. For example, if you buy a new car and keep it for 10 years, versus if you buy a 3 year-old car and keep it for 10 years, the difference in maintenance cost is year 11 to year 13 of the car. And the older the car is, the more it costs to maintain.
3) I buy a new car when I plan to keep it for a really long time (10-15 years). Because when you sell a car too soon, you are taking the depreciation hit repeatedly (every time you buy a new car). Plus you have to pay the sales tax every time you buy a new car. Now when your car hits 100k miles, it is incredibly valuable to know the entire history of your car. Not doubting if the previous owner had abused it or damaged any parts gives you such a peace of mind.
4) More on vehicle history: It is also hard to put a price on not knowing the vehicle history. Yes, you can hire a mechanic to do a pre-purchase inspection. But there are so many things they cannot see. For example, if the car has been in a wreck and had parts replaced, not totaled so still holds a clean title. How do you make sure the replacement parts are up to the original manufacturer's standards? What if the structural integrity isn't intact? What if the airbags aren't installed correctly? Your next accident might be the one that kills you because you went for a used car. Again, this is hard to put a price on, but to me, it's worth a little bit of money.
5) This only applies to people good with personal finance skills. When getting a new car, you can often take advantage of 0% financing where you can build your credit score while investing the money elsewhere. What I do is, first, I make sure I have enough cash to buy the car out right (i.e. you should never buy anything you can't afford). Then, I make sure to put 1/3 down (even though it's 0%) so that the car will never be "upside down" in value (i.e. the money I owe is always less than what the car is worth). And I put the rest of the money in a diverse mutual fund to generate ~8% return every year. There is no harm in financing a car if you are responsible with money.
Brakes and tires? Those are going to cost about $650 to buy a new set, like a performance tire set... My family has bought a lot of used cars (they start looking after they reach 200k miles, and we buy those and drive them until 300k miles). Funny thing is, we sometimes sell them at the exact same price we paid (plus maybe $50 in parts and an evening getting them in tip top shape).
I can buy sometimes 20 used cars (that will last another 100k miles each with minimal maintenance) for the same as someone spends on a new $20k car. I can drive a DOZEN of them into a brick wall, and still have 8 good cars left. IDK, but used cars seem like a lot better deal to me.
Oh side note: My current car is illegal to manufacture now, so you can't buy any more new rotary powered cars, you just can't. So you can't buy really amazing cars (one of my dream cars as a mechanical engineer) new, they just can't make them. You also can't get classics either.
And some offer 0 apr to pay in 5 years
rainystorm88 Yeah that a lie and you know it no new car loses just 10% in 3 years....
Andre Pol on paper, it did lose 30% in 3 years. BUT in many cases new cars can be had for 20% under MSRP,* in practice, in my experience at least, after 3 years I could sell it with only a 10% loss** if I wanted to. All I did was share my experiences. so believe it or not, it's up to you.
*This is when people wait a few months after a new model gets released, buy during huge manufacturer's rebate offerings, and know how to compare prices and negotiate with dealers.
**The loss of 10% does not include taxes and fees paid, which means I still won't sell my car after just 3 years, or else I would have lost the nearly 10% sales tax here in California when I bought it new. I'm just saying new cars do not lose as much value as people think they do.
Jake Garrett when u buy a brand new car you get the free servicing and warranty from the manafacturer so not a lot of money is wasted plus having that new car feel and smell is such a wonderful experience btw most people dont sell their new cars within 2-3 years time unless they absolutely hate it or it had some problems before not everyone is a petrol head who like to work on second hand junk for a week