Car Buying Tips

Details of what Ford Cars are made in Mexico?

By TheCarzingTeam August 8, 2019 | Car Buying Tips

Car Buying Tips

Well, if you are not aware, then you need to know that there are some Ford cars which have been manufactured or their parts have been assembled in Mexico. The biggest reason for this is the cost of production is very low in Mexico.

So, if you are looking out to buy a car in Mexico sometime soon, then you need to consider these tips which will help you with your purchase. Let us see what these considerations include.

Things to be taken into account before buying a car:

  • Set your budget: well, no matter what you intend on buying setting your budget beforehand is very important. In this way, you will avoid overspending and look out for the car which you can afford. Also, you need to see the other car-related expenses before you go out and purchase a car for your needs.
  • The comfort of the dealership: this is another important aspect that you cannot skip. You need to make sure that you are comfortable with the dealership you are opting for. This might not seem to be as important as it is in reality, but a comfortable dealership can help you with a lot of other troubles that could occur in the future.
  • Always do internet and phone research: another important thing that you shouldn’t skip is doing good research on the car as well as the dealership. This will give you an idea as to what are the things that you should expect. Also, you will be aware of the various features that are offered by the car and if it is the one that you should buy. When you do your research, you will know about the other models which are available and then you can look into them also. In case they tend to be a better option than you can always opt for it.
  • Take care of the financing well in advance: after you have decided that you want to consider buying a car, then you need to take care of the financing options that are available to you. If you are going in for a loan, then you will have to make all the arrangements in advance and see that all the paperwork is done without any hassle. Also, you need to compare the loan terms from some banks as this will help you know about the best option for you based on your situation.

Another thing that is making news in the market is people buying their car insurance online. Well, there are many perks to this, and here we are going to briefly tell you about some of them. We can’t thank the internet enough as it has helped in making the lives of customers convenient and easy in different aspects.

What are the benefits of buying car insurance online?

  • There are many policy options available: if you have decided to buy the car insurance online, then you have some good benefits to it. Now, you must be wondering why? We will tell you more about it. So, you can use the online comparison tools, which makes it much easy and convenient for you to compare the various policies that you can avail. Once you have done the comparison, then you can opt for the best one as per your requirements. You will also have the freedom to choose for those features that are on par with your requirements and then you can build the package accordingly.
  • Convenience and security: when you decide to purchase your car policy online, you have the liberty to do a proper comparison of various options that are available to you. You need to choose a policy and then get done with all the related paperwork online itself, and this will save a lot of your time and energy rather than running about to do all your paperwork for the car insurance. If you hire an agent to do your work, then there is a tendency that they miss out on some details that need to be put down correctly on your application. So, you should get all your work done by yourself online. So, if you do not want your application to be rejected make sure you fill in all the vital details carefully and then submit it online. You need to make sure that while filling it online, the website you choose is authentic and they have good reviews about their work by their previous customers.
  • Saves you from agents: at times it gets annoying to deal with insurance agents. They tend to push their agendas on you from which they can earn some good amount of commission. Also, you will see that most of the agents that you come across see their selfish motives rather than helping you out with your car insurance and thus end up looting you to a great extent. So, to save you from all this hassle, it is better that you choose to buy your car policy online.

Before you buy your car – some essential things to bear in mind:

The down payment: well, this is concerning the financing option that you can avail. After you discuss with the bank, you will know the best down payment and loan option that is available to you. You need to see that you are satisfied with all the terms and condition mentioned before you sign off any loan agreement.

The tenure of the loan and the EMI: the tenure of the loan and the EMI will depend on the down payment amount and the loan that you have taken. So, if you wish to keep the EMI and loan tenure low, it is advisable that the down payment made should be as high as you can afford.

Rate of interest: the rate of interest will vary from one bank to another, and thus you need to see which bank offers you a minimum amount of interest rate on the amount of loan that you want to avail. Also, banks have their offers when it comes to loans, so make sure you enquire about the same so that you save some bucks in the bargain.

Apart from this, there are also other things that people need to consider, but they tend to overlook those. Here, we have listed out some important things that should also be a part of your research before you go out shopping for a car?

What do these things include?

Consider looking at both new as well as used cars: your main interest is a car that you need to purchase so that your needs are being fulfilled. But, if your budget is on a lower side, then you also have an option to look out for used cars which are in a very good condition. These cars are lesser expensive, and thus most of the people opt for them. Also, there are advantages to buying used cars. There will be tons of such options available online – do your research well so that you have no regrets later on.

Don’t be an impulsive buyer: many people end up being impulsive and make their purchases. In this case, you will end up overspending, and in the end, it might be too late when you realize that you actually cannot afford to buy that car. So, just be patient and calm and see into all the options that you have before you decide what you want to buy. Also, you can take recommendations from your friends and family who have brought cars. They will be able to advise you, and this will be very useful to you.

Do not buy the extended warranty: you will see that the dealership will offer you an extended warranty for your car but make sure you do not buy it because it will be too pricey. The coverage that they offer you will be available for just a limited period and many types of mechanical failures will not even be covered under it. In the end, you will see that you are just wasting a lot of your money on this extended warranty so be wise right from the beginning and do not opt for this offer they provide you with!

Make sure you always test drive the car: some people take the test drive option for granted, but this shouldn’t happen. Now, you might be thinking, why are we stressing so much on taking a test drive of the car, isn’t it? Well, there are many reasons for it. But the main thing that needs to be in your head is a comfort. If you do not have the comfort while driving, then why would you even want to consider buying that car? If you have little kids, then do get them along for the test drive as they will help you in getting honest opinions when it comes to the comfort level while driving around in a car.

Keeping these things aside, you will also have to take a better look into things that follow, and they include:

  • You need to see that your car responds when the brakes or the accelerator is being pressed. You will see that every car differs when it comes to sensitivity. So, you want to pick the car that suits all your preferences extremely well without any hassle and annoyance.
  • Also, see that the view from each of the mirrors is good enough, and you need to see that you get a clear view of the gauges on the dashboard.
  • Another important thing that needs to be looked into is that when the car isn’t being used, it has to be smooth and silent.

Consult a mechanic while buying a used car: you might think that you getting the car examined is enough, but unfortunately it isn’t. You need to take a mechanic and ask him to examine all the parts of the car – exterior as well as the interiors well. So, that if there are any damages then you can either ask for compensation or ask the seller to get it fixed before you buy it. Also, if you feel the car is too damaged and that it will be of no use after buying it then you can just chuck the deal and go for another option. If you are not comfortable spending money on a used vehicle then you do not have to do so. There are many options out there you can always pick the one that suits your preferences and needs well.

 

Car loans – what are the essential things you need to consider?

Why do you even need a car?

This is one of the most important questions you need to ask yourself before you even go out shopping for your car. What is the need to have a car? Every individual has various purposes for which they use their car. If you need a car to drive to work, then the car needs to endure the pollution and traffic in your area. But if you are looking out for a car for travelling purpose, then the mileage of the car becomes the most important factor to consider. If you want to flaunt your car on special occasions, then the looks of the car become an important factor while buying it.

Will you be able to deal with the burden of the car loan?

Before you go and sign the application for the car loan, you will have to think wisely if you will able to deal with all the pressure of the EMIs that will haunt you for some years in the future until your loan is being repaid. You need to be very wise while choosing your loan tenure because if you opt for a car loan which offers a high rate of interest which goes on for a longer tenure, then this can have a bad impact on your finances in the long run. Also, if you are already paying some EMIs on other loans, then you need to make sure that you pay those off before you take another one or else you will be overburdened with a lot of finances and might not be able to deal with them in the end.

Will you be able to maintain your car in the long run?

If you are not aware, then you need to know that in the long run, maintain a car will be expensive.  There are lots of costs which need to be taken care of, and these will include the cost of fuel, timely servicing, sudden repairs, and so much more. The total maintenance of the car can cost you quite a lot, so before you decide on purchasing a car you need to make sure that you can afford the maintenance cost of your car along with the EMIs of the car. Also, you can ask someone how much the maintenance cost of the car model you are interested will cost you for about a year. With this rough idea, you will know if you can afford to maintain it over the long run.

Can the rate of interest be negotiated with the bank?

Well, there is a chance that you can negotiate with your bank the rate of interest of the loan if you are on really good terms with them. If you have a well-maintained credit score, then you can get a lower rate of interest for your car loan. This can turn out to be a great advantage to you because the lower the rate of interest is the lesser will be your EMI amount. If you are good at bargaining, then you will get a good rate of interest while negotiating with your bank.

How can you get the right car loan for yourself?

Well, everyone wants to pay a low rate of interest and get the best deal with regards to the car loan. But people are not aware as to how to go about with this process. Here are a few tips that will help you to get the best deal as per your needs and you will save some money as well. Let us see what it has to offer to us.

Identifying your needs: this is one of the many things that you need to bear in mind while getting a perfect loan for your needs. So, to assess all your needs accurately, you can ask yourself the following questions and then go ahead with the type of loan you require.

  • What type of car are you looking out for – a brand new car or a used car?
  • How much is the budget that you have set for your car?
  • Which is the main feature you are looking out for in the security of the car?

Choosing the car: after you have decided on which car you want to buy as per your needs, then you need to look at the brand and model of the car. There are numerous options from which you can choose from. But you might be confused because of the many options that are there. So, you can take some help from the internet and do some research about the brand and the model that you should opt for. Reading reviews online can help you in many ways, as people’s opinions matter to a great extent. Also, you can go to a dealership and take a test drive and see if that is the type of car that you intend paying for. Once you do this, then you will understand a lot more about the car and then you can figure out if it is the perfect choice for you or not.

Choosing the loan: this can be tricky, but if you follow proper guidelines and ask for recommendations, then this entire loan process turns out to be pretty simple for you. So, while selecting the loan as per your needs, do not forget to keep these pointers in mind. Wondering what they include? Come, let us take a brief look at some of them mentioned below:

  • What are the rates of interest that are available on car loans?
  • What is the maximum amount of down payment can you make to the bank?
  • Comparing the different amounts of loans, what is the monthly amount that you need to pay?

Opting for the rate of interest: you need to make up your mind if you want to take a fixed rate of interest or floating rate of interest. The most convenient option that you should probably opt for is the fixed rate of interest. The loans which are taken at a fixed rate of interest requires you to pay a lower interest rate. Well, before you decide on anything make sure you discuss with both the bank as well as the dealership as they will be able to explain in better terms about the rate of interest and other related details.

Keep a check on the credit score: before you apply for any loan you need to see that your credit score is maintained. This will be an advantage to you, especially if you have a good credit score, the bank will see that you get a lower rate of interest on your loan amount. A poor score of your credit can be a major reason as to why the application of your loan can get rejected. Thus, maintaining the credit score is essential for the approval of the loan. Well, after you have sorted out all these things, then you can go ahead and apply for a car loan.

If you are looking out to get a car loan, then these were some tips that can help you go through the process. Make sure you do take some recommendations and do your research so that you are aware as to what are the things that can be expected from the bank and the dealership.

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