In some point in our lives, we all had the dream of riding in a new car that no one has never used before – that fresh car scent and comfortable seats that we all hope to experience one day.

But when reality hits you, our bank accounts won’t allow you to live the fantasy. This doesn’t mean that it’s the end of the road, you can still get that same feeling as one would have with a brand new car. The main point of the car is that it should be able to take you from point A to point B, you can still achieve this with a second-hand car but cheaper.

While it is cheaper investing in a second-hand car, buying a used car can also be a risky investment. There are always high possibilities that the car can be a “skorokoro” (unreliable), especially if the previous owner didn’t take care of it.

Hooking yourself up with new wheels is an important requirement to survive the festive season. It’s quite challenging to use public transport to travel to parties during the festive season, as the taxi schedules might not necessarily match the party memo.

While everyone is partying “koze kuse” (until morning), unfortunately, you’re having to leave the party to catch the next taxi home.

Don’t allow the car to kill your mood this festive season.

Owning a car van be double the marriage commitment. Despite paying off the monthly instalments for your car, you’re never off the hook. It’s just what I would call the beginning of a ‘broke hommie’ situation – you will still have a lifetime additional costs, like fuel, repairs and insurance. Like any other thing, it’s important to plan and budget properly before buying a car to avoid unnecessary nightmares.

Top three reasons why you should consider buying a second-hand car:

1. Set realistic goals
Don’t worry you are not the only one who dreams of driving an Austin Martin we all do! However, if your dream doesn’t match with your monthly allowance then cut it out or else your dream will never be a reality.

2. Plan and set a budget
Buying a new car is expensive, beginners don’t necessarily need a brand new car, you can rather take the cheaper route and get yourself a second-hand car. Although owning a car is cool, when we face the reality of buying a car it is not as easy as grabbing a Pin Pop to your nearest spaza shop, buying a car means proper planning and strict budgeting. depending on the model of the car that you want to buy, this determines the amount that you need to budget and the period that you would like to purchase it in

Considering the additional costs that will forever follow you like fuel, maintenance and insurance, it might be very difficult to own a new car, buying a second hand cuts the costs of buying a new car and the remaining money can be saved for the additional costs like costs like; fuel, maintenance, and insurance.

3. Value for less
As far as value is concerned, the older the car is the lesser you pay, depending on the model. However, once cars are six-years-old, the depreciation curve increases again, and cars of that age are less reliable. On average, a new car depreciates as much as 19 percent of its value in its first year of ownership.

Categories: Money