10 tips to avoid the ‘price trap’

By Tessa R. Salazar November 23,2016
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Auto Madness Fever offers lower loan rates, a free one-year comprehensive insurance, and a wide range of car models.

There is no doubt that many Filipinos have the money to buy any car they want. What has become harder to discern, though, is to pinpoint the car that they need. For buyers to avoid falling into the “price trap,” here are some pointers from the experts:

1. Ask yourself first, what do you really need in a car?

2. Set your budget.

3. Consider the cost of owning a car, not just buying one.

4. Would you prefer a diesel- or gasoline-powered vehicle?

5. What design would be pleasing to you?

6. How big and powerful do you need your engine to be?

7. Always test drive first, and visit not just one dealership.

8. Reputation precedes the dealer and the car, so ask other clients of the dealer you intend to buy from.

9. A short list of your desired vehicle’s specifications can come in handy.

10. When you’re going for pre-owned, always remind yourself that, though a second-hand car is a good option price-wise, the car itself might spring unpleasant surprises down the road. Be ready for it financially and mentally.

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