Buying a car these days can go through a similar process to buying any item. You do your research, you make comparisons and you save some money. Then you wait for the right time when you have enough for downpayment and when the model is launched (considering it is a new model).
Not always that simple
When it comes to buying a car, you need to make a lot of considerations. A lot has been said about payment, new or used, efficiency and such. What you really need to be aware of is that there are common things that people do that seemed normal but are grave mistakes. So, before you head out and buy your car, consider these mistakes so that you are not making them.
Being bullied into buying
Models like the Proton X70 and X50 have been in high demand and customers have to be in 6-8 months waiting lists. Unscrupulous agents might try to ‘blackmail’ you into paying extra to have earlier deliveries or to sell you a ‘showroom’ car (which means you get what you see). They could have defects. So, there is no reason to be too nice or be bullied into buying something that is substandard.
Consider the payment mode
You might be cash-rich and could possibly pay for the car in cash. While that goes to show how wealthy you might be, there are consequences:
- Commission – Perhaps you are buying a used car which is not very expensive. However, the car dealers do earn from car loans and you need to be considerate when it comes to this as it might mean denying them that source of income.
- Income tax – If the car you are buying is more than RM100,000, paying it by cash would raise flags and that could mean the authorities are aware that you might be under-declaring your income (even if you aren’t).
The add-ons and modifications
We all know you are excited about your new car and that you want personalize it as much as possible. In most cases, car accessories shops have almost any product that can make your car look better or even improve the engine’s performance. Their main targets are usually new car owners. Think for a moment if you really need them as you might regret installing them later. If the car salesman tries to sell these to you, you should consider them strongly. It could be window tinting films, brake lights, car stickers and others.
Not test-driving the car
Whether it is a new or used car, always go for a test drive and do this the proper way. Test the handling of the car, the breaks and the transmission. If it is a new car, you might not encounter any major issues but be mindful when you are testing a used car. Ultimately, you want to try if the car suits your driving style. Even if it’s your dream car, if you feel that the steering is too heavy for your driving, you might want to consider another car.
