I had even heard people saying this: Since I need to pay for my installment every month, then why dont I switch to a better new car? It seems like paying car installment has become part of peoples routine life where if they dont pay for the installment, they dont know what to do with the money. Maybe people have forgot that they dont have to pay for car installment if they dont want to.

I know that I may offend a lot of people by saying that buying a new car is not necessary. However what I am saying is not that you cannot buy a new car. But when you wanted to buy a new car, think about why do you want to buy it. Is it neccesary? Do you want to buy it because you need it? Or you want to buy it simply because you wanted to show off to people that you are rich. Do you buy the car to boost up your ego?

For me, I only buy a car when it is needed. When I say needed, I mean that I really need the car. Not for no reason, not for showing off purpose. If my house is located at an area where I have no access to public transports, then I will consider to buy a car. If my old car has too many problems, then I will consider to switch to a new car.

Currently I have a car of 5++ years old. I have no intention to change a new car right now as my current car is still in good condition. I plan to use the car for at least 10 years if the conditions are ok. Actually the car is currently used by my wife to drive to work. For myself I am actually taking public transport (LRT). I have no intention to buy a second car although there is no problem in getting one financially.

With this I can save at least RM1000 per month. I would rather leverage this RM1000 per month for other purpose for example paying extra for my house loan. This way I can finish my house loan faster and reduce the interest. Why do I want to increase my expense to somewhere that I dont really need. I can even use the extra money to do some investment. This will improve my financial situation.

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The best time to buy a new car would probably be September and October this is the time when the new models cars arrive. Even if you have already decided the type of vehicle you will buy, make yourself 100% confident about the vehicle. A buyer is said to be in a key position during the entire buying process. Hence it is very important to be well informed about the product even before entering into dealership. You need to keep in mind certain points before you buy the car from a new car dealer.

The following tips will help you to take proper decision before you buy your dream car.

1) How much can you afford: This is the most important decision you need to make even before selecting the vehicle. Money plays a very important role hence analyzing your budget is very important.

2) Shop and get the best rates and models from different dealers and compare them to find out the best which suits you. Also check out for information on the internet regarding the features and the prices of new vehicles.

3) Find out whether the amounts quoted are before or after the rebate is deducted.

4) Order a new car if you are not happy with the dealers lot. Make sure you make the best decision even though there is a delay. You can also bargain by 10% to 20% as dealers usually tend to add his incentives in the invoice price. Always remember that the dealer pays the factory invoice price to the manufacturer.

5) While purchasing a new car always consider an alternative fuel vehicle as your main commuting car. Another important consideration would be to check how much of the vehicle can be recycled once it has lived its usefulness.

6) Always be cautious about the add-ons the dealer might force you to buy. They are specially designed by the dealers to earn that extra income.

7) Always remember that the manufacturer usually offers a guarantee of 36 months with the automobile. However the dealer might defraud you to buy the warranty you already have.
Finally remember that all new car dealers are not scammers. Out of one million people who work for dealership most of them are honest, hardworking and reliable. You need to do a little car research if you want to get the best possible car at a reasonable price. If you are not happy with the dealers lot you are free to walk away.

Did u know?
According to Consumer Reports, only 69 percent of women thoroughly research car prices before they buy, compared to 86 percent of men.

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