Buying a car is a big commitment. In South Africa especially, cars are pretty expensive (compared to vehicle prices in the rest of the world). At Earn-A-Car, we often see people committing to vehicle finance and car payments before carefully considering their options. Here are a few questions you should ask yourself before you buy a car and commit to vehicle financing programmes:
Do you really need a car?
If you’ve already got a car that’s in working condition, ask yourself if you really need a new one and why. Do you simply want a newer model or is this a necessity in your life?
Can you buy a second hand car?
Second hand cars are usually better value for money. Not only can you knock off a lot of money on your monthly repayments, but the overall sum will be less in the long run. Ask yourself if you are prepared to settle for a second hand car.
Can you afford the monthly payments?
Not everyone has a flexible budget. Sit down and work out your monthly expenses to find out if you really have enough extra money in a month to pay the monthly instalments.
What types of alternative vehicle financing options are available to me?
At Earn-A-Car, we offer an affordable, alternative solution that lets you earn your car in a few short years. Instead of going the traditional route and buying a car with financing from a bank, we essentially let you earn your car.
We offer great deals and a number of value added services. For more information about investing in a vehicle from Earn-A-Car, contact us today.
