Have you ever bought a new car? Many of us still rely on public transportation and used cars to get around. But these methods aren’t free. Public transport means you travel on someone else’s schedule for a fee, and used cars are more likely to require costly repair. It just might be time for you to get that car loan. Here are eight ways it can improve your life, as well as why it’s more accessible than ever.
- You can afford it.
If you think buying a new car is out of reach, you haven’t looked closely enough. Try this car loan emi calculator to discover how low your monthly payments could be when you finance. Choose the duration of your loan, and you may be surprised at how affordable a modest new car can be.
- Save money on maintenance.
If you’ve ever been left stranded by the side of the road, you know how much repairs can really cost. You can miss valuable hours of work, in addition to paying for parts and labor repairs. This is less of a problem with new cars.
- Better for the environment.
Our pollution levels are some of the highest in the world. If we all make small changes, like using more fuel-efficient vehicles, we can eventually make a big difference.
- You can resell.
After a few years, you can sell your car, and use the proceeds as a down payment on your next new vehicle. This can make the payments on your second new car even lower than the first! And this way, you’re always getting the benefits of the latest innovations in auto manufacturing, which brings us to our next point.
- The features are more convenient.
When you’re busy with work and family, tiny conveniences can be very appealing. Keyless entry, phone charging, and remote features can make your day run that much smoother.
- They’re safer.
Other features can enhance the safety of your vehicle. Things like automatic emergency braking, adaptive cruise control, rear view cameras, and lane departure warnings aren’t available on your old car. New parents especially value these key safety systems.
- You might save on insurance.
Like it or not, you must have insurance. And it’s entirely possible that you could get a better rate with a brand-new car. Ask your insurance provider today how much you can save on your monthly premiums with a safer, more fuel-efficient vehicle.
- You can get a discount.
There are thousands of dealerships who would love to have your business. Make them compete for you by asking what incentives they’re willing to offer. You might end up saving a lot on the asking price, getting an extended warranty, or other perks – all just for choosing the showroom that’s most eager to sell to you.
Being a car owner isn’t as out of reach as you might think. Today, low interest rates on loans, safety features, fuel usage, and the reduced cost of maintenance and repair make it more than worth it. Save a little now and you’ll save a lot in the long term with a new car.
Please note- This article has been written by Rohini and do not necessarily reflect the views of the Free Press Journal.