Cius
Honorary Master
So three weeks ago at 2:30AM a drunk driver came through the back gate of our complex, carried the gate on the front of his merc for 25m until with a huge amount of force he T-Boned my new Honda amaze CVT that I got 4 months back from an emigrating family member. The car was less than a year old. My car was smashed into the corner of my garden wall smashing up every side/door panel on the car, shattering a fair amount of glass, and bending the roof slightly. Insurance wrote the car off as repairs where more than 60% of the value of the car despite the engine being untouched.
Anyways I have my insurance payout now but am a bit torn about what to do next so I thought I would ask some advice. Firstly I loved that car. I drove a little Toyota Tazz for 15 years as a means to achieve my financial goals. It had no power steering, no aircon, and was not exactly comfortable. This car was my big upgrade as a reward for getting the financial goals achieved. I loved it and want to replace with the same car (Amaze CVT), or another decent Honda. I however prefer not to buy second hand cars that I don't know the history of. Heard of too many bad experiences. Hence the jam as the insurance payout was a fair bit under the cost of a new CVT Amaze.
Anyways, payout was about R180K. I don't need a second car until probably Jan as I am working from home. Insurance on the car was about R800 which I am now saving. I can also earn interest on the 180K. Hence each month I don't buy it means more money towards the new one. On the other hand I don't know if and when annual price increases might kick in and that could mess it all up. Also buying in Dec effectively means I can register it in Jan only making it a 2021 car.
So there are a lot of factors and I am not sure when to try purchase and how to get best value for money. If a new model is due that could also factor in as the older model could be discounted and i can get that, or perhaps i like the new model and prefer to pay in a bit to get that. So anyways any advice on how to proceed would be appreciated, especially on timing, how to get value for money, good deals, etc. I knowledge on this type of thing is fairly limited and I know there are people here who know far more than me!
For now I am kind of leaning towards waiting till December and aiming for a decent demo model or something from a dealer, but keeping an eye out in the meantime in case something great comes along. That could be a really bad idea however if the price goes up in the meantime. In case it matters I am based in JHB.
Anyways I have my insurance payout now but am a bit torn about what to do next so I thought I would ask some advice. Firstly I loved that car. I drove a little Toyota Tazz for 15 years as a means to achieve my financial goals. It had no power steering, no aircon, and was not exactly comfortable. This car was my big upgrade as a reward for getting the financial goals achieved. I loved it and want to replace with the same car (Amaze CVT), or another decent Honda. I however prefer not to buy second hand cars that I don't know the history of. Heard of too many bad experiences. Hence the jam as the insurance payout was a fair bit under the cost of a new CVT Amaze.
Anyways, payout was about R180K. I don't need a second car until probably Jan as I am working from home. Insurance on the car was about R800 which I am now saving. I can also earn interest on the 180K. Hence each month I don't buy it means more money towards the new one. On the other hand I don't know if and when annual price increases might kick in and that could mess it all up. Also buying in Dec effectively means I can register it in Jan only making it a 2021 car.
So there are a lot of factors and I am not sure when to try purchase and how to get best value for money. If a new model is due that could also factor in as the older model could be discounted and i can get that, or perhaps i like the new model and prefer to pay in a bit to get that. So anyways any advice on how to proceed would be appreciated, especially on timing, how to get value for money, good deals, etc. I knowledge on this type of thing is fairly limited and I know there are people here who know far more than me!
For now I am kind of leaning towards waiting till December and aiming for a decent demo model or something from a dealer, but keeping an eye out in the meantime in case something great comes along. That could be a really bad idea however if the price goes up in the meantime. In case it matters I am based in JHB.
