In today automotive industries, most of the consumers somehow will consider to buy used car instead of new car after they have make the decision to buy a car. Today second hand car has become popular choices among Malaysian especially those who is belong to lower or middle annual income group. The used car market has become more active compared with last time and this is because not much consumers are afford to buy new car. Even we know that the new sedan with high quality of any brand roughly cost up to RM 80,000.00 to RM 100,000.00.
In Malaysia automotive industries we can see that the numbers of second hand car dealers are growing and the used cars owner are increasing as well. There are so many reasons why Malaysian wants to buy used car as part of the reason Malaysian have a perception that new car is expensive and not worth to buy due to expensive prices. Even today we can see a lot of popular second hand car such as Toyota, Honda, Perodua and Kia. The reason is most Malaysian trust more on the imported used car if compared with local used car. The best place to find second hand car definitely you can get the information from the used car website which provides the cars information, price, car dealers contacts and the picture of the car.
When the consumers had decided to buy a car, the decision making process somehow are affected by few factors that included the total of car loan, the depreciation of the car value, maintenance of the car, average income and the quality of the car that come into the buyers consideration. Even nowadays many consumers choose to buy used car compared with the new car. Now what we can see is the trend of today used car market considered as popular as new car and everyone understands that why more and more Malaysian will consider buying used car.
After we had looked into detail and identified some factors that will affected car buyers decision and the used car market, now with some useful information we will see why Malaysian will consider to buy used car instead of new car. First of all the first factor is the average income of Malaysian. Regardless of those who had high annual income which average RM 60,000.00 a year who are affordable to buy new car, but for those whose the income average from RM 36,000.00 to RM 48,000.00 considered as low to middle income group that the used car is more affordable. If much more Malaysian fall into low to middle income group due to the economy factors and fluctuation of inflation has affected to the used car market as well. From here we can see that the trend of the used car will be more popular compared with new car. I dont know that this is good news for the used car dealer but definitely is a bad news for those who prefer to buy new car.
As for the information, when want to buy a car you need to understand how much total of loan that you are going apply from the bank. It is normal that the loan interest for second hand car is higher than new car. The car loan not only depends on the average annual income but also the affordability to pay back the loan plus interest. The new car interest may roughly around 3.8% to 4% depends on banks that the best to be offered and surprisingly the interest for second hand car can be even more higher than 4% which is subject to the bank or the car dealer offer. This loan interest definitely will affected the used car market as if the interest rate keep going higher and higher, therefore less people will buy used car anymore.
Furthermore buying a second hand car helps those used car consumers skipped from the high car value depreciation because usually the high depreciation occurs in the first to second year. But if with the new car you actually pay more from the actual car price from the installment included the monthly interest. Many people will think that second hand car need high maintenance and actually its depends on how the ex car owner take care of the car. This definitely you need to do some survey first and get the car for inspection before pay the down payment.
If you want to compare the quality between the new car and used car, I can tell you that definitely the quality of new car is better than the used car. One thing that you need to understand that new car mean everything is new, the engine is new and even the parts are new too. Somehow it is not really mean the used car quality is bad but it is not as good as new car. The issue here is, used car sometime need to be maintained well in order to keep the car performance smooth and deliver good driving experience. The maintenance of the used car sometime maybe need to spend a lot of money which this is depends on the years of the car. Even in today used car market, the numbers of car owner send their car for service and inspection most of it is used car owner. When we see all the car workshops the number of used car is higher than new car.
Well, to buy new car or second hand car is very subjective decision for each individuals and its really depends on you and what is your opinion of the used car. As mentioned earlier, annual income and the car value depreciation are the factors of why Malaysian will considered buying used car even they afford to buy new car. From all the information gathered, my opinion is the second hand car is worth to be invest as can avoid from the first 2 years of car depreciation and no need to waste a lot on the interest rate.
Category: Car
Ways to Save on Car Insurance for Your Renault
According to the World Car Market, Renault is one of the top ten car brands in the world today. With such a quality investment, it’s important to get the right insurance. Even with the growing number of online comparison sites, it’s not always easy to find the right level of cover at an attractive price. Here are some tips that might help you save money on car insurance for your Renault:
1. Don’t hesitate to switch insurers:
There are plenty of people who stick with the same insurer for twenty years. Perhaps they’re happy with the service they’ve obtained in the past, or maybe they like the speed with which their insurer processes claims. That’s fine – if you’re 100% happy with your current insurer, by all means hang on to them. However, if your reason for staying with one company has more to do with apathetic inertia than customer satisfaction, you could be paying too much by not bothering to investigate the competition.
2. Add your most responsible female family member as a named driver on your policy:
The more good drivers that are designated ‘named drivers’ on your policy, the better the insurer likes it. If the added driver is a female with a long, clean driving history and no previous claims, that’s even better. From the insurer’s point of view, adding a responsible driver to your cover helps spread the risk. If the risk is reduced, there’s a chance the cost of your premium may be too. It doesn’t actually matter if this person hardly ever drives your Renault.
3. Practice the fine art of bargaining:
Always ask for a cheaper price on your premium. If you own a smaller car like a Renault Twingo, your insurance shouldn’t be costing you as much as what your neighbour pays for his Hummer. If it is, you need to do some serious negotiating (or find another insurer).
Once you’ve sorted out the fine details and your insurer has provided a price, it’s time for some haggling. The trick is not to ask for too much of a reduction (5-10% is reasonable), because you’ll probably get an outright refusal. Also, if you try the ever-popular “Insurer B will insure me for 20% less” assertion (which you’ve just made up), the person in front of you will suspect that either (a) you’re not a very nice person for lying to them, (b) you are a bit silly for not grabbing that other insurance, or (c) you must have been quoted a very basic, no-frills policy which you’ll be very sorry about later. Most car insurers have a pretty good handle on what everyone else in the business is charging, so don’t assume you know more on the subject than they do.
Even if you only get a premium reduction of 2%, that’s better than nothing. Polite haggling has become more socially acceptable, so don’t be afraid to try it with the car insurance for your Renault.
4. Be sure to provide the insurer with all your good news:
If you have never had to make a car insurance claim, this is something your insurer should know. If you recently completed an advanced driver safety course, this too may help reduce your premium.
Flipping Cars For Profit
When the economy is down, like it is now, everyone needs a way to make some money. Much like flipping a home you can flip used cars. Flipping cars for profit is not only easy; it’s very profitable and legal. Flipping a used car is simple, and cheap.
The first thing to do is get a used car. It can be the one you have that you simply don’t need any more, or one that you go out and find. Word of warning to you before you go out and purchase a used car, go do some research. Learn what types of cars are selling in your area, and what the going price is. Then buy it at the lowest price possible.
Much like flipping a house, you will have to put some work into your used car. With a house this is expensive, but the price value increase will more than cover the costs. With a car you will have to invest some money to fix it up, but the value increase should more than cover the money you have to put into it.
Your costs will actually be very low; most of the things you will do to your used car will be minor touch-ups. One thing to consider when getting a used car is if it runs. Getting a car to run again usually is a simple thing.
There are many minor fixes that anyone can do for very little money, but you do have to know what it is that you are doing. If you go into a car’s engine without knowing what you are doing you could end up costing yourself all of your potential profit and more. This is something that you obviously don’t want to do.
The goal of flipping cars for profit is not to make them like new, just make them nice. You don’t want to drop a lot of money on this project, because you will not be able to make it back when you go to sell the car later. One important thing to remember is that this car is not yours, it is the customers. It does not have to be something you want to drive day in and day out, don’t fix it up to your standards.
In the end you want to keep an eye on your bottom line. Do not put more into the vehicle than you are going to get out, in fact you should not be breaking even you should be making hundreds with every car. Flipping cars for profit is simple as long as you don’t make it about you and the car, but about the customer and the car.
Chemical-free Car Air Fresheners
We all love to use air fresheners in our cars. But did you know that certain air fresheners can do more harm than good?
A recent study conducted by the National Resource Defense Council (NRDC) on different air freshener brands; they found out that 80 percent of these store-bought air fresheners contained variable amounts of phthalates.
Phthalates are substances that are added to plastic to make them last longer, make them more flexible and more durable. While these findings are still a subject of much debate in the industry; studies have shown that high doses of phthalates have been linked to hormonal disruption, allergies, including eczema in children, and precocious puberty in girls.
In fact, the United States, Canada, and the European Union have banned the use of phthalates over health concerns.
In some cases, air fresheners can also contain chemicals like benzene, petrochemicals and Volatile Organic Compounds (VOCs) like formaldehyde. These chemicals can cause long-term health problems and are harmful to the environment too.
The U.S. Environmental Protection Agency (EPA) notes that most store-bought air fresheners contain one or more of the previously listed chemicals. In addition, the EPA’s Indoor Guide to Air Quality explicitly states that VOCs from air fresheners and other products “cause eye, nose, and throat irritation, headaches, nausea, and can damage the liver, kidney, and central nervous system”. Additionally, air fresheners “release pollutants more or less continuously”.
So what’s the solution? People who are mindful of indoor pollutants should switch to “green” alternatives. Thankfully, there’s now a company that makes safe air fresheners for your car.
Air Aroma, the makers of Arodrive the premium car air freshener, uses 100% pure essential oils that are derived from flowers, leaves, bark, wood, fruit peels and other plant elements. These pure plant extracts carry all the health and cleansing properties of their botanical origin. Arodrive comes in three distinctively different 100% pure essential oil fragrances like Mint Focus to keep you alert, Floral Relax to clam and Citrus Joy to energize and uplift. This easy to use and stylish cartridge system plugs into the 12V socket (cigarette lighter) in your car. Each cartridge lasts up to 80 hours.
Air Aroma’s fragrances comply with VOC Regulations. They are VOC Free or VOC Low fragrances that are preferred over regular store-bought fragrances. Plus, All of Air Aroma’s fragrance bottles and cartridges are made of PET and PP which are 100% recyclable and minimize contribution to landfills.
The Air Aroma Arodrive blends modern design, green innovation and glorious scents that you’ll surely enjoy in your car.
Arodrive is truly a natural car air freshener.
The Story Behind Car Theft 4 Good Reasons Why People Will Try To Steal Your Automobile
An automobile is a large financial commitment. If you have a brand new vehicle, you probably saved for years in order to get it. If you have a clunker, then you’re also investing a great deal of money for upkeep, repairs and tint job because you don’t want to be seen driving it. You see, it does not make a difference what kind of automobile you have. It will cost you a considerable amount of cash so you have to do anything in order to safeguard it.
Unfortunately, vehicle thieves understand this as well. Vehicles are very attractive in the eyes of these criminals and this is the rationale why there are innumerable accounts of stolen cars occurring on a daily basis. Generally, people steal cars for fast bucks. It is just an incentive for them that it is reasonably less dangerous for them to steal automobiles than burglarize houses.
But what is the story behind car theft? What are the specific reasons why it occurs? Here are 4 of the most prevalent explanations why your car is in danger:
Your car will be put to use for short-term transportation.
Your vehicle will be stolen, used for a couple of minutes or hours, and will then be trashed someplace else. Makes sense? Yes, since this usually happens in criminal activities like bank heists and even drive-by shootings. Criminals do not want to utilize their own vehicles so that they can’t be traced to them. So what they do is they take someone else’s car.
Your car is in danger if it is a sports car for obvious reasons. Vans are also easy marks since they are sought after by bank robbers. But even unassuming cars are vulnerable. Criminals use them so that they won’t stick out from the public.
It will go directly to a chop shop.
This is where unique vehicles and hoopties are on the same page. As long as your vehicle has useful parts, it can be stolen. The taken car will go straight to a chop shop where it is “Everything Must Go!” The automobile will be chopped up and the functional parts will be sold off or utilized.
The toughest part about it is there’s a very good chance that you will not see your precious automobile anymore. You can try checking a shop offering second-hand car parts. Maybe you can locate and purchase your own tires back.
Your car will be converted.
Car thieves steal vehicles because they want to make cash out of it. What they occasionally do after taking your vehicle is they go out to a car wreck yard where they take the VIN of a totally destroyed vehicle and use it for the taken automobile. Right now, the thief has 2 options. He can either make use of the “new” car as his own or he can sell it to some unsuspecting bloke. Either way, there’s a very good probability that he’ll get away with it.
It will be utilized to commit insurance scam.
This is a little distinct from the other reasons because it is usually done with the authorization of the car owner. Yes, the owner will assist in the theft of his car so he can commit insurance fraud. An owner can team up with some of his close friends so that they will “steal” the automobile. This is why it’s often known as “friendly theft”. Some even take it to the next level by selling the car to a chop shop for some cash. The owner will then inform the insurance firm that it was stolen so he can get some money.
Sometimes, this can also occur without your knowledge. There are cases when the significant other plans the theft without informing the partner.
These are just 4 explanations but you should easily see why you’re in danger of vehicle theft. Do the required precautions now and protect the investment that you’ve made.
