Back to School
Back to School
Nearing the end of summer, people are looking to get back into the classroom around the lower mainland and across BC. Many parents and students will be looking for a reliable set of wheels for back to school. Purchasing a vehicle is a major milestone and a major investment. With so many options available, the process of choosing the right car can be difficult. So, we’ve done some research, to help you understand the benefits of used cars, and how to stay within your budget, with what’s what is a necessity.
Set a budget
Buying a car can be a fun and thrilling experience. But it can also be easy to get swept up in the excitement and end up spending outside your means. So it’s important to establish a realistic budget before you start looking at any vehicles. If parents or partners (or anyone else) will be involved in purchasing the vehicle, have an open discussion with them on this budget, and use these parameters to guide your search. Understanding your comfortable monthly payment is the best way to stay within your means! In addition to the cost of the vehicle, remember to factor in additional costs such as insurance, gas, maintenance, etc.
A great alternative to buying new is pre-owned. There’s more variety because you’re not just dealing with the newest models and buying used usually leads to bigger savings. You get most of the car’s life, and some or most of the warranty for a fraction of the new-car price. Plus there’s more choice among age, make, model, and trim, and insurance rates tend to be lower.
To help with any potential mechanical repairs down the road, Basant Motors does sell fully reconditioned, and safety inspected vehicles to provide you with the most ease when purchasing a pre-owned vehicle.
Financing does have it advantages too: payment lengths can be more flexible, interest rates are often lower than with used cars or leasing, and manufacturer rebates are sometimes higher than lease deals. In the end, the major savings generally come when you can combine years of payment-free use with low maintenance and repair bills.
What’s important to you?
It’s important to consider how you or your child will use the vehicle, because that will impact the type of vehicle you end up selecting. Will the car be used for light city driving, or occasional errands on the weekends? Will there be long-distance driving involved, and will they need extra cargo space to move into their dorm? Together as a family, make a list of “must haves” and “nice to haves”. It’s important to understand which features you could give up if the budget requires, and which you can’t live without. Safety features are always an important priority to keep in mind, even if not as glamorous as some others. Newer models generally offer more safety features, sometimes even in the standard model.