Check those hid­den costs when buy­ing

The Witness - Wheels - - MOTORING - — Supplied.

BUD­GET­ING care­fully is one of the most im­por­tant steps to take when you’re plan­ning to buy a new or pre­vi­ously loved car — but are you sure that you’ve taken all the costs as­so­ci­ated with pur­chas­ing a ve­hi­cle into ac­count?

Im­pe­rial Auto listed some of the longterm costs to run a ve­hi­cle.

ON THE ROAD CHARGES

Also known as the ‘de­liv­ery fee’, on the road charges in­clude the costs that the dealer in­curs in get­ting the ve­hi­cle ready for you to take own­er­ship. This in­cludes reg­is­ter­ing the car and hav­ing new num­ber plates made, a pre-de­liv­ery in­spec­tion as well as fuelling of the ve­hi­cle. Make sure that you’ve fac­tored this into your fi­nal price, and pay for it in cash if you can – it doesn’t make sense to pay in­ter­est on this part of the pur­chase price un­less ab­so­lutely nec­es­sary.

IN­SUR­ANCE

If your car is fi­nanced, you won’t be able to take de­liv­ery of it un­less it’s com­pre­hen­sively in­sured. The fi­nance fa­cil­ity that you use to se­cure the loan to buy your car may well of­fer you a quote, but you are not com­pelled to take it and can shop around for the best in­sur­ance deal. It is worth not­ing that there are a range of in­sur­ance op­tions that not only pro­tect you from ve­hi­cle loss but cover costs re­lat­ing to ter­mi­nal ill­ness or the loss of a fam­ily mem­ber.

SER­VICE PLANS

Many new ve­hi­cle prices in­clude lim­ited-pe­riod ser­vice plans, which are a great value-add and cost saver in the shorter term. If your car doesn’t come with a ser­vice plan, find out how much ser­vices are ex­pected to cost, cal­cu­late your ex­pected mileage to de­ter­mine how of­ten your ve­hi­cle will need to be ser­viced and con­sider an RMI-en­dorsed pack­age.

WAR­RANTIES

If you’re buy­ing a used car, it’s worth in­ves­ti­gat­ing the costs of ex­tend­ing the war­ranty on the ve­hi­cle.

FUEL CON­SUMP­TION

Most brands pub­lish fuel con­sump­tion fig­ures based on a com­bined ur­ban and ru­ral cy­cle, con­sider the routes you drive most regularly, and re­search a bit more to find out what your ex­pected fuel costs will be.

TYRES

Tyres last about 50 000 km. Smaller sizes tend to cost less, while un­usual sizes cost a lot more. It’s never a good idea to re­place a sin­gle tyre — al­ways pur­chase new tyres in pairs to en­sure equal trac­tion.

RE­PLACE­MENT PARTS

Pine­town-based re­searcher Mal­colm Kin­sey’s an­nual list shows what re­place­ment parts for your new car are likely to cost and his com­par­i­son al­ways re­veal sur­pris­ing prices, such as that a fen­der bender on a Porsche Cay­man was cheaper to re­pair than one on a new Toy­ota Corolla.

Con­tact the Im­pe­rial Auto Hub on 011 875 5852 for ex­pert ad­vice, or check the Kin­sey parts re­ports on his site www.kin­seyre­port.co.za.

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