3 Common New Car Buying Mistakes

You have stumbled upon the page for Mitsubishi Montero Sport for sale in Las Piñas Metro Manila. We make a point to keep this page up to date as much as possible to help you find the best deal for your next dream car.

Have you found your next car yet from our extensive car listings from the most reputable and certified car dealerships? If you have, you might want to hold your horses just a bit before jumping the gun and getting your hands to the keys of your next vehicle.

We'll be discussing the most common mistakes new car buyers commonly make and how to avoid them.

Loving the Car

Falling in love with a particular car model has its pitfalls. Much like having drunk goggles on in a bar, entering a dealership and loving a car right away will lead you to ignore the other things about it. If you fall in love too much with a car even before driving it, you tend to ignore details such as; price, fuel economy, maintenance cost, safety features, and others.

We do admit, however, that love is a feeling you that can never really be quantified nor explained by logic, but keep in mind that you will be shelling out quite a significant amount of hard-earned money.

Always do your due diligence by checking out all available cars for sale listings to create options for yourself before entering a dealership;

Underestimating the Value of Safety Features

The past decade saw an increase in the number of vehicles that include quite a plethora of safety features. In the early part of the millennium, there were still some car models that do not even feature airbags, or you had the option to omit it from the standard kit to save a significant amount of money from the sticker price.

Nowadays, you can find multiple airbags and anti-lock braking system (ABS) in even the fleet edition of some car models. You also have cars that offer more than 2 airbags, there are airbags for the rear occupants, your knees and even curtain airbags to protect yourself against side collisions. There are even cars with cameras mounted all around it that sense if a car is veering off from its lane or to warn you of impending danger.

It can be very tempting to omit many of these features from the standard kit just to lower the sticker price, but you have to keep in mind that these amenities were set in place for a reason and that's to save you and your passengers' lives.

If you want to look at it from a financial standpoint, these features also add to a car's residual value after a few years if you plan to re-sell it.

Focusing on the Monthly Payments

It might be easy to notice from our list of Mitsubishi Montero Sport car for sale in Las Piñas, Metro Manila Philippines as well as other car ads available in the market nowadays that monthly payment amount of the car is featured and even made as a key selling point in the piece of advertisement. Some agents and dealers even waive off the down payment amount and simply give you the monthly amortization you have to pay.

It sounds very tempting to make payments of Php 15,000 a month for very little down payment but don't let that cloud your judgment.

If you do your own quick computation based on the latest car price list and actually count the number of months you have to pay a particular amount, you'll find that you will actually pay for more than the sticker price due to an insanely high-interest rate.

If you really want to get the most out of your hard-earned cash create a detailed budget of your income and expenses way before you even visit the dealerships, that way you know how much you have in your barrel to play with. Don't get sucked in with all these low monthly payment options. At the end of the day, nothing beats good financial planning on your end.

These are but the most common car buying mistakes new car buyers make whenever they're in the market for cars. Everything seems to be too complicated and that's where Philkotse.com comes in. We make your car buying experience as enjoyable and simple as possible.