Good to Know with Wendy Knowler

6 common mistakes we've all made when buying our first car

Good to know with Wendy Knowler is a monthly consumer podcast series that gives subscribers insights into the most common mistakes made by consumers in South Africa. If you are in the market for a car, planning your wedding or wondering how to change your travel plans – this series will have something for you. Subscribe so that you don't miss out on the series, here.

In the first episode, Wendy Knowler talks about the common mistakes first-time car buyers make when purchasing a car and, by the looks of it – most of us have fallen to victim to at least one thing on her list.

Here are Wendy Knowler's top six tips to consider when buying your first car:

1. Do your homework and drive that internet search hard

Google the name and model of the car, the dealership and check if people have complained about the car or the service from the dealership on Hellopeter.

2. Think about the real reason you want to buy that particular car

Assess your budget and consider whether you're living beyond your means and remember, your car insurance premium will increase based on the type of car you purchase.

3. Test drive the car, especially if it's not a brand new car

You should test drive all cars, especially second-hand cars on a hill with the air-conditioner on and, over speed bumps to determine if there are problems with the suspension.

4. Blindly trusting the salesman when it comes to used cars

Car salesman aren't exactly known for being forth-coming with information about second-hand cars, especially if the car had been in an accident. Get the car tested by a third-party inspection centre and specifically ask them to look for signs of major accident damage and, then request for the key to be sent to the dealership for an a report as well as the service book.

5. Not sourcing your own financing will cost you big time

The interest rate will have a major impact on the costs of the car. If you don't shop around for a finance deal with the lowest interest rate, you're likely to end up with a deal that benefits the dealership and not you. Balloon payments? This deal allows you to buy a more expensive car for a lower installment, leaving you with a once-off repayment of an outstanding lump sum.

6. Getting locked in a contract padded with adds-on

Keep an eye out for the various add-ons that dealerships tend to add to the contract. The bow that you get on the car, the champagne, flowers and the gift you get when you buy the car – they're all add-ons that you end up paying for. Other add-ons to look out for are, paint protection, extended warranty, sound systems, car alarms and valets.

Got an idea that you think would make a great podcast? Send an email to consumer@knowler.co.za with Good to know with Wendy Knowler in the subject line followed by your podcast pitch.

For more consumer-related stories, tune in or visit the ConsumerTalk feature page.

ConsumerTalk with Wendy Knowler on Afternoons with Pippa Hudson, Wednesdays between 13.00 – 14.00 on Cape Talk.

Knowler Knows Consumer Talk on The Azania Mosaka Show, weekdays between 13:00 – 15:00 on 702.


Recommended

by NEWSROOM AI
Read More
The Survivors: Surviving Sidney Frankel, the ‘paedophile’ billionaire

The Survivors: Surviving Sidney Frankel, the ‘paedophile’ billionaire

In the first episode of “The survivors” series, Joanne Joseph sits down with Nicci Diamond Levenstein, a Sidney Frankel survivor.

What if Earth’s solutions are in space?

What if Earth’s solutions are in space?

Bruce Whitfield interviews theoretical physicist and extraterrestrial hopeful, Dr Ariana Marais

Don't get caught out by a smooth-talking call centre agent ever again

Don't get caught out by a smooth-talking call centre agent ever again

Have you ever hung up a telesales call not knowing exactly what you just signed up for? You're not alone.

#KnowlerKnows Consumer Talk: Digging yourself out of debt

#KnowlerKnows Consumer Talk: Digging yourself out of debt

Correspondent at Consumer Talk Wendy Knowler sits down with Azania to talk about the burden of debt and possible solutions.

Knowler Knows Consumer Talk: Caught red handed or unintentional shoplifting?

Knowler Knows Consumer Talk: Caught red handed or unintentional shoplifting?

Consumer journalist Wendy Knowler shares advice on the Knowler Knows Consumer Talk feature on the Azania Mosaka show.

[LISTEN] Buyer beware! The pitfalls of purchasing a second-hand car

[LISTEN] Buyer beware! The pitfalls of purchasing a second-hand car

In the market for a cheap second-hand car? Here are the challenges of buying a second-hand car "as is."

Popular articles
Zuma's permanent stay of prosecution bid puts NPA on trial, says Karyn Maughan

Zuma's permanent stay of prosecution bid puts NPA on trial, says Karyn Maughan

Reporter Karyn Maughan shares latest in Jacob Zuma's high court bid to have corruption charges against him permanently dropped.

This mess that is Eish-kom, is the ANC's doing, says Eusebius

This mess that is Eish-kom, is the ANC's doing, says Eusebius

Eusebius McKaiser and callers discuss Ramaphosa's comment that South Africans will overcome load shedding like they did apartheid.

Best way to invest the jackpot if you win the lotto

Best way to invest the jackpot if you win the lotto

More than 70% of lotto winners go broke, warns Warren Ingram, a personal financial advisor at Galileo Capital.

South Africa can have cheap electricity, forever! – former Eskom engineer

South Africa can have cheap electricity, forever! – former Eskom engineer

The Money Show’s Bruce Whitfield interviews Dr Tobias Bischof-Niemz, CEO at ENERTRAG South Africa.

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

TymeBank has no branches and no monthly fees. Most transactions are free. Bruce Whitfield interviews its CEO.

Survey reveals SA teachers 'emotionally overwhelmed'

Survey reveals SA teachers 'emotionally overwhelmed'

A report has revealed that many teachers feel overwhelmed and often feel they must step into the role of a 'proxy parent'.