Choosing the right car

There are so many cars to choose from and so many car finance companies to bring them in to your budget as well. But have you ever thought of which is the best car for you?

When someone plans to buy a car, there is definitely some reason behind the decision. Some people buy cars to just add to their status. Some buy their first car as an achievement. Some buy to add up to their utility. Out of these three reasons, the ones who
Buy to add up to their status is not to be discussed about. The people who buy their first car as an achievement need to keep some very important points in their minds.

When you plan to buy your first car, you are usually not aware of the models and the after sales maintenance costs and the money that you are going to dole out monthly in fueling the car. Always remember, the first car that you buy shall always be economical to you because you will not know how much you will be affording monthly behind it. The first thing that you must keep in mind is the size of your family. If you have a family of four including 2 senior citizens and your spouse, go for a high roofed hatchback small car. Old people usually find it difficult to bend too much to sit in a car. High roofed car will have taller doors so that they do not have to bend to get inside the car. Hatchbacks usually do not sport more than a 1000 CC engine. They would fall into your budget too and will come with a better mileage than any saloon. Plan how much you are going to drive the car per day. Buying a smaller car is beneficial in many ways, if it’s your first one. You will get good practice to drive and park in the increasing space crunch. It will not eat up your wallet too. Remember that every car eats up a lot once it is more than 4 years old or it has been driven more than 40,000 Kms. So you need to look at your career chart as well. Your first car should not eat much of your wallet for the first 4 to 5 years. And it is evident that within this period your career chart will go up because you will plan it that way. Then you might have kids within this period. Also by this time you will be knowledgeable enough to figure out the affordability of a car. You can then decide whether you are going to keep this car or you are going to buy a bigger one.

Here come the other reasons of buying a car. You need to decide whether you have the utility to buy a bigger car or say sell the smaller one and buy a bigger car. Or may be you would want to keep the smaller one as well. This decision is completely depended upon whether you want to add up a car to your status or you want to add up to your utility.

Always keep in mind, if you are going for car finance, keep the amount of the EMI as high as you can afford and for as less years as possible. The reason behind this is by the time you are through with paying your EMIs on a 7 year car loan you will already be paying a hefty sum for the maintenance of the car. This will keep you unhappy. Before the car gets older, finish off your loan and sell the car to go for another one with another loan.

Do not get carried away by the advertisements of cars that you see on TV. Think about your pocket before you buy a car. This is not real estate that will increase in value in future. This will depreciate every passing day.

Linus Orakles
http://www.authorclub.info/