{"id":226447,"date":"2019-12-24T10:30:34","date_gmt":"2019-12-24T08:30:34","guid":{"rendered":"https:\/\/germistoncitynews.co.za\/?p=226447"},"modified":"2019-12-19T15:38:36","modified_gmt":"2019-12-19T13:38:36","slug":"buying-new-car-year-end-make-sure-get-best-deal-old-one","status":"publish","type":"post","link":"https:\/\/develop.citizen.co.za\/germiston-city-news\/news-headlines\/2019\/12\/24\/buying-new-car-year-end-make-sure-get-best-deal-old-one\/","title":{"rendered":"Buying a new car at year-end? Make sure you get the best deal on your old one"},"content":{"rendered":"

December is, for many people, a great time to buy a new car.<\/p>\n

Many dealerships want to move old stock off the showroom floor, so there are significant discounts available.<\/p>

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According to a report by TrueCar, you can save an average of 8.3 per cent by buying a car during this period.<\/p>\n

\u201cPeople do a great deal of research when buying a new or second-hand car, but they tend to just want to offload their old car as quickly as possible,\u201d said Vera Nagtegaal, executive head of online comparison website Hippo.co.za.<\/p>

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\u201cThere are a lot of things you can do to ensure that you get the best deal for your old car \u2013 which gives you more capital for your new vehicle.\u201d<\/p>\n

\u2022 Legal administration:<\/strong>
\nAs a starting point, there are several legal steps that you will need to take.<\/p>\n

Your licence should be updated, any traffic fines will need to be paid, and you will need a roadworthy certificate.<\/p>\n

Nagtegaal advised that you start processing all of these steps as soon as possible so that you don\u2019t have to delay the purchase of your new vehicle when you want it to go ahead.<\/p>\n

\u2022 Financing and insurance:<\/strong>
\nIf the car is still financed and worth more than R250 000, you will need to give three months\u2019 notice to your financing organisation or you will be charged penalties.<\/p>\n

Talk to your insurer to find out how to cancel insurance on the old vehicle and insure your new vehicle.<\/p>\n

You will usually need a purchase invoice to show that you own the new vehicle but inform your insurer in advance so that they can tell you the steps you need to take.<\/p>\n

\u201cWhatever you do, do not drive your new vehicle out of the dealership without having received a confirmation from your insurer that it is covered,\u201d cautioned Nagtegaal.<\/p>\n

\u201cIt would be devastating to damage or lose your new car without proper insurance in place.\u201d<\/p>\n

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ALSO READ:<\/span><\/p>\n

Car service intervals are there for a reason<\/a><\/p>\n

Get up close and personal with your car<\/a><\/p>\n

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\u2022 Physical condition:<\/strong>
\nIt is advisable to get the car in excellent condition before offering it for sale.<\/p>\n

\u201cFor a buyer, the financial burden of fixing dents or scratches may be a deterrent to purchase, and there\u2019s a psychological advantage to be gained by selling a car that is well looked after,\u201d said Nagtegaal.<\/p>\n

She advised sending the car to a panel beater for a touch up of any minor body damage and having it valeted so that it is spotless and smells fresh.<\/p>\n

If you are a smoker, buy an air freshener and try to avoid smoking in the car in the weeks leading up to the sale.<\/p>\n

\u2022 The selling process:<\/strong>
\nThe next step is considering how to sell your car.<\/p>\n

You can sell it through the dealer, which works especially well if you are buying another car of the same make.<\/p>\n

While they will probably give you a good trade-in price to secure your purchase of the new car, this isn\u2019t generally going to be as good as selling privately \u2013 but it saves you the hassle.<\/p>\n

You can also sell through a used-car dealership or online car sites, or you can advertise privately through an online or newspaper classified.<\/p>\n

Nagtegaal offered a word of warning for a personal sale.<\/p>\n

\u201cCrime is unfortunately rife in South Africa, and this includes car purchase fraud.<\/p>\n

\u201cYou may be opening yourself up to physical danger and theft by meeting prospective buyers at your home and allowing test drives.<\/p>\n

\u201cWhile you might get a better price for your car by selling it yourself, the risks are high, and generally speaking, it is wiser to go through a reputable dealer or online platform when selling a car,\u201d said Nagtegaal.<\/p>\n

Buying a new car, and selling an old one, is an exciting process to go through, but there are lots of steps involved.<\/p>\n

Once you\u2019ve made your mind up, don\u2019t get caught napping on the admin because one unticked box can easily stop you from driving away with a new set of wheels.<\/p>\n

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Hav<\/strong>e a story?<\/strong><\/p>\n

Contact the newsroom by emailing: Melissa Hart (Editor)\u00a0<\/span>germistoncitynews@caxton.co.za,<\/a>\u00a0<\/strong>Leigh Hodgson (News Editor)\u00a0<\/span>leighh@caxton.co.za\u00a0<\/a><\/strong>or Ashley Kiley (Journalist)\u00a0ashleyk@caxton.co.za.<\/a><\/strong><\/p>\n

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