Hi Guys
You all seem to be well informed on cars and all, I need some major advice.
My Profile
-Am 27years old
-Have had my license for only six months now
-About to buy my first car
-Madly inlove with the GTi brand, specifically Polo Gti 2014+
-Can afford a vehicle priced R249 900 max w/ 10% deposit
Questions
-Is it advisable for me to go for a pre-owned Polo GTi?
-If yes, at what mileage maximum?
-How much am I likely to pay for a major service should it be out of service plan?
-How much am I likely to pay for insurance?
Insurance will have their way with you mate, don't do it!
Rather get a car that has low mileage and still well within warranty.
Look at Mazda2, Ford Fiesta 1.0 EcoBoost, Polo 1.2TSI, Renault Clio 4, new gen Kia Rio, new gen Hyundai i20, or even a Audi A1.
Get something well within budget, that will take you the distance with a long warranty and service plan.
Also, with the Petrol Price getting crazy high, trust me you don't want anything too powerful. So many okes driving GTIs, and Focus STs that are crying over petrol, lol.
I hope you have done a thorough budget for yourself:
E.g. you have considered the following:
- Car instalment
- Insurance premium (start shopping around before you even buy the car) you are bound to get a high premium as you are a under 30yrld male and have a drivers license that is still brand new
- Petrol budget: how much travelling you'll be doing vs. how much a full tank will cost you if you for example have a car with a 55L tank (most of these Hot Hatches cars do)
- Yearly maintenance cost (if you only have a service plan, then consider how much things like Brake Pads and Whipers will cost you)
- Tyres: how much will a set of 2 cost if you e.g. hit a pothole, some of these hot hatches come with some premium rubber on them and you will want premium tyres if you want it to handle well and last long
Etc...
I am 28, I have had 4 cars so far, and I had to learn very quickly , as once that 1st instalment goes out your bank account, things get VERY real.
P.S. Don't you dare go and get a Balloon Payment!!! Read your car finance contract carefully, ask as many questions as possible, make sure you ask if there is a balloon payment at the end of the finance term, or they will hide it in there and suddenly on the 55th or the 73rd month you will have a +R40,000 instalment waiting for you.