What you should have in mind when buying a tokunbo car

First, figure out how much your budget will allow you to spend on a car- this includes how much you take as added loan. Newspaper ads should give you an idea of the year and model of cars that fall into your price range, but the problem most car dealer and distributor rarely respond to […]

First, figure out how much your budget will allow you to spend on a car- this includes how much you take as added loan. Newspaper ads should give you an idea of the year and model of cars that fall into your price range, but the problem most car dealer and distributor rarely respond to our request on price list. In some countries, banks, loan institutions, and some libraries have monthly guides listing the prices of used cars. Be sure to calculate not only the price of a car but also the expense of taxes, registration, and insurance. In Nigeria particularly have in mind the exchange rate. Also plan to have some money for unexpected repairs the car may require after you buy it.

What Kind of Car Do I Need?

When deciding what you need, determine what is important to you. Consider your family size and what activities the car will be used for, such as driving to work, transporting your children to school, and going in the Christian ministry. Will the car be used for local trips or long-distance ones? Don’t limit yourself to a specific make and model; rather, look for a car that has been maintained well and is in good shape. Get a car that is easy to service. All cars will need parts eventually. In your area is there a supplier for the appropriate parts? If you are on a limited budget, steer clear of luxury or imported specialty cars, as parts and service will no doubt be more expensive. Although such cars may be very reliable, they can also be very expensive to own.

Is It a Good Car?

A good car is one that has been serviced well. Generally, it is best to avoid cars with extremely high mileage—especially if this is the result of driving in the city rather than on highways. What constitutes high mileage may vary from place to place. No used car will be perfect. However, will you be able to afford the repairs the car needs? Usually the repairs will not increase the value of the car. For example, if you buy a car for $3,000 and then spend $1,000 on needed repairs, the car will not necessarily be worth $4,000. Ordinarily, it is less expensive to buy a car in good shape than it is to buy a car in bad shape and fix it up.