Due to economic setbacks from COVID-19, numerous industries including the automotive sector have been affected. Increased financial difficulties also continue to restrict consumers’ purchases. But for some, the benefits of owning a car in the middle of this crisis outweighs its drawbacks. And similar to getting comprehensive car insurance in the Philippines, many want to gain reassurance amidst uncertainties like quarantine restrictions and lack of transportation.
If you’re considering to buy a car during the pandemic, this guide will help you make the best choice:
Brand new vs. Second-hand
Recent trends have shown that buyer preference is leaning towards second-hand cars. These are relatively more affordable depending on the age, condition, and fair market value. It’s also possible to get lower rates from non-life insurance companies in the Philippines due to depreciation.
Of course, if you have enough savings, there’s no stopping you from going for a brand new car. This gives you vehicle options in greater condition, as some used cars may not be as well-cared for prior to reselling. Enjoying warranties as a car’s first owner is a plus too.
Automotive marketplaces observe shifting consumer behavior for car enthusiasts. Mainly due to their affordability, inquiries for smaller cars have been rising during the quarantine period. If you’re on a budget, look into buying compact and subcompact cars for safer drives and easier parking. Smaller cars also require less maintenance and release fewer emissions.
Consider buying fuel-efficient cars to save up on gas and as long-term investment. Regardless if you’d only go for shorter drives as current regulations allow, you can never be too prepared for emergencies. Unforeseen events may compel you to drive longer distances. Paying a little more for fuel-efficient drives today would give you a peace of mind tomorrow.
Cars have evolved from being mere devices for transport. Having a private vehicle provides a safe haven for the owner’s convenience and sanity. Take advantage of today’s modern technologies for added protection. Safety features like anti-lock braking system, adaptive cruise control, and multi-view reverse camera can boost your overall driving experience.
Pricing and Promos
To get the most value from your purchase, compare vehicles of their pricing based on specifications ideal for your needs and wants. Special offers and discounts are also expected from dealers to encourage purchases and online reservations during the pandemic. To maintain physical distancing, it would be more convenient to know what you’re looking for before heading to a car showroom.
Now more than ever, ease of mobility is crucial for survival. Take your time in picking out the perfect car, and insure it as soon as possible for more secure and productive drives.