Money-Saving Tips For Buying a Family Car

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2020 Toyota RAV4 - Money Saving Tips Family Car

Finances are usually the most important consideration when shopping for a family car like the Honda Odyssey, Toyota RAV 4, Toyota Highlander, Toyota Avalon and the Toyota Camry. It usually has a direct impact on the boxes you have to tick in deciding what car to buy and when you can buy it.

You need a family car that is versatile and durable enough to serve the holiday and long-distance travelling needs of your family. You will also need a plan to save money when purchasing this dream family car. Don’t stress yourself, we got you covered! Here are money-saving tips you need for buying a family car. Have a look:

1. Pick a Suitable Family Car

The first step to buying a family car is deciding on a particular car that will be right for your family needs. This is how you get to know the financial implications involved and the length it will take to save for the car.

This is the point you decide if you want a new car, a foreign used car or a locally used car and what your budget at the moment can carry.

2. Think of the Cost of Maintenance

This is an important factor to consider when shopping for a family car. It makes great financial sense to purchase a car that is easy to maintain. It will save you a lot of money and time off the road over the lifetime of your new family car.

Therefore, as you shop for the family car, consider cars that you are more familiar with and that you can take on the simple maintenance tasks. A common make and model of car fits this description. A popular model will be easy for your mechanic to service and purchase spare parts for, which means your family car won’t have to be off the road for too long.

3. Consider Buying a Smaller Car

It is fine if you disagree with this but we will shed more light on it. It is now a culture to buy big Jeep-Grand-Cherokee-SUV-kind of cars for a family car. This is because it can take a family of four.

SUVs are becoming the norm, but if you want to save some money, you can buy a sedan. This is not asking you to buy a small car in terms of size, but that you consider a sedan that is affordable over the more expensive SUVs.

This will save you money over the initial purchase and the duration of the entire use of the car.

4. Buy a Fuel Efficient Car

This is not a step that will benefit you before the purchase of the car; it is rather an investment for the future. Buying a fuel efficient car involves a lot of research about the different models online that can save you money.

The car dealer may not tell you the full story about the fuel efficiency of the car, so it pays to find out yourself before making that purchase.

5. Create a Budget

This is a very crucial step in buying that family car. Without a budget, you will just be unable to determine what to save and how well you are doing with your saving plans.

Consider your income and expenses when preparing your budget and determine what you will be saving on a weekly or monthly basis to reach the goal of your desired family car.

A Nigeria-based writer and blogger who has written and edited for top brands including The SUN, Punch, Newswatch, Pulse.ng, Bigsam Media, Nigerian Bulletin, Swish Interativ, Hello Nigeria, National LIFE, iCampus, Jobberman and Cheki.