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HOW TO BUDGET FOR YOUR FIRST CAR

January 9, 2023 By Rokkit Digital

We at CMH Honda the Glen know that saving for and purchasing your first car has long been considered a step toward (literal) independence. However, there are a few one-time and ongoing costs to consider, and how to save for them. We hope that with our assistance, you can maximise your savings and get the car that best meets your needs and budget.

Budget

Happy customer at CMH Honda The Glen

First and foremost, keep things realistic. The first car you buy is often not the “dream car”. Consider what features you want in a car, and you may find that they differ from your dream car. Your first car may not always fit the bill in all the areas you want it to, so try creating a list prioritising features on a range from “need to have” to “maybe next time”.

Budget

Honda Jazz

Consider whether you want to buy new or used while keeping features in mind. Both have their own set of expenses.

Third, consider the payment method. Will you pay in full or take out a loan? At CMH Honda The Glen, you have the cash or finance option with banks.

Honda The Glen Civic Rs

With all this information, you should now have a better idea of the car you want and how much it will cost. You can now save more precisely and determine how much you want to save and how long you want to save. Maintain realism. Even if you plan to finance, make sure you account for the deposit and repayments that will be required, such as insurance.

Budget

Budget for the Honda FIT

Should you wish to know more about the offers at CMH Honda The Glen:

Contact: 087 724 8147

Or click on: www.hondatheglen.co.za

Find us at: 5 Skukusa Road, Bassonia

Filed Under: Latest News, The Glen Tagged With: Budgeting, CMH Honda, CMH Honda the Glen, Saving

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