For working women, in a country like Pakistan, the primary concern is travelling. With the surging prices of fuel, the fare of local transports keeps showing variables. At the same time the insecure public transportation and issues related to time etc. are of core concerns of ladies these days.

This is the reason why more and more females can be seen driving their cars and even bikes. They can now also is seen giving a pick and drop service to their kids and other family members, when and if needed. At the time when this freedom is a blessing to these ladies, they have to keep a check on some basics of driving safely, especially in Pakistan.

The traffic and conditions of roads in Pakistan are much different than what it is in other parts of the world. There are occasions that you will find no signal lights on the crossroads, or they will not be working correctly. Even if they do, you are not sure if the other person driving right behind you is considering the rules and regulations of driving or not.

In case of any mishap on the road, you can surely not blame the other person for the damage, even if they are on the fault. However, you can make sure that you are following the law and ensuring the safety of your car, family and yourself while driving the vehicle.  If you do not want to be guilty of any mishap on the road and want to ensure your safety on the road, here is a first crucial car driving safety tips for women drivers on Pakistani roads.

If you are keeping these tips with you while driving, you can protect yourself and avoid an encounter with any unwanted situation.

Mastering the parking Skills

While driving a car, the most apparent thing is stopping by or parking your vehicle. Unfortunately, this is also one of the biggest problem faced by women drivers. A large percentage of women drivers lack the basic skills of parking and usually scratch the car while parking.   Scientifically speaking, the reason for so is the poor space perception of females. Due to this inherent lack, women believe that they are at a fair distance from the other car or objects around, but they end up bumping into the things around.

The tip to avoid such an issue in practice. The more you practice, the more perfect you will become in your parking skills.

Rather than going shopping in the coming weekend, take your car and practice your parking skills. Move a little further from your neighbourhood and find some semi-empty or empty parking lot where you can practice in peace.  Take your time; un-park and then park your car as many time as you wish to do so. A reverse and parallel parking practice can be of great help in mastering your skills.

Just after few tries, you will find yourself standing at a better position.

Another thing that you can do is to have a parking sensor or a reverse camera in your car. It is a fantastic technology that can help you park your car safely without any assistance or scratch on it.

Shed Off the Fear

Fear is the biggest enemy of a  person. If you want to get success in anything, drop off the alarm, stop getting scared and start your journey to perfection and success. Remaining terrified while being behind the wheel can end up causing you a massive loss, financially and mentally.

Stay relax while driving. Even if you have done something wrong, accept that and apologize if necessary but do not quit driving. Who cares if you the person behind you is honking just because you didn’t move when the traffic light turned yellow? There would always be someone honking for no specific reason, learn to ignore people and keep moving on your track.

Surely, an ambulance is an exception!

Pay Attention to Surroundings

Being a driver, it is essential for you to keep your surroundings into consideration. You need to understand and admit the fact that you are not alone on the road and you have to keep a check on how the person ahead and behind you is driving. In case you have a rush driver in your surroundings, be careful.

This is the reason why it is strictly against the law to talk on the mobile while driving. You must also avoid activities like extra loud music and makeup on the red signals.

Keep your eyes on the road and pay attention to what is going on around you. Respect the rules of driving and traffic and obey the speed limit, if it is not a matter of life or death.

A good teacher and a handsome amount of practice can make you a good driver. Stop believing in myths, and you can perform better than a guy. Go slow and take your time to learn things, practice as much as you can and stay calm while driving and you will do the best.

Be Careful about your Dressing

Being a female driver in Pakistan, how you dress is of core importance. There is a minority of females wearing jeans and Tees, and they are all good to go with such a getup while driving as they will be facing no hurdles as that of managing their scarfs while driving.

But if you are a lady who wears traditional clothes like Shalwar Kameez with dupatta or Abaya, you need to be careful. Recommended would be to pin up your head scarfs accurately so that it can’t cover your face as the wind blow while driving. Also, better would be to pin your dupatta on the shoulder. If you are keen enough to cover yourself from head to toe, wear Abaya that is wholly pinned. It will cover you up all and keep you secure while driving.

Shoes are another significant aspect while driving. If you are not an expert driver, it would be better to avoid wearing a high heel of fancy shoes, instead prefer you sneakers or simple slippers while driving. You can change the pump while getting out of the car; it won’t hurt your style and will keep you secure at the same time.

Hair must also be adequately tied so that they won’t hurt your eyes and let you focus on your surroundings and driving and reach your destination safely. Females can be seen doing well in all fields of life.  There is no exception that women can be amazing drivers all they need to do is to place a little bit more efforts, focus and sheer determination and you can be one of those amazing female drivers that can be an inspiration for others.

Khurram Zahid

The post Car Driving Safety Tips for Women Drivers on Pakistani Roads appeared first on Smartchoice.pk.

As you are the only owner of the car, care of the car is solely your responsibility, you need to keep a check of certain things. Taking care of the car is an expensive as well as time taking process. A small investment in maintenance of car today will save you from financial loss tomorrow. Plus, it will save you from any kind of serious problem that you may encounter during your long road trips, alone, at night or in a locality you are not familiar with.

Today, we have enlisted some of the mandatory things that you should be doing to keep your car in perfect and working condition and a tip-top shape.

Cleaning the Windshield:

The foremost important thing is that you have to be an active person. Laziness will lead you to no good and leave your car in a miserable condition with lesser days to stay with you. You may generally sit in the car while waiting for your fuel tank to be filled up. Why not do a small drill and clean your windshield while the car tank is filling up?

A dirty and bugged windshield is dangerous and will have a direct impact on the hygiene of your car and thus you. It can also lead you to any dangerous accident as it obscures the view of the driver on the road. For this reason, regular cleaning of the windshield is of great importance. You can simply use a cleaning cloth that you can keep in your car. You may also find it at the gas station.

Start right from the middle of the screen and drag the sponge/mop/cloth to the corners. It will take out all the dirt and dust to the edges from where you can easily remove them from the shield. You can remove the remaining lines of dirt by scrubbing the cleaning cloth/sponge in an upward direction.

Cleaning of the windshield is more important during and after a long drive on the highways. Such journey may also add insects and other litter to your shield. Better would be to keep a small packing of the washing fluid or cleaning polish that is specifically designed for the shield and windows of the car.

Do not forget to remove wipers before cleaning the screen. However, removing the wipers and cleaning your screen on a fuel station would not be a good idea. Keep this activity for later times when you do not have anyone around you waiting for his/her turn.

Checking Tire Pressure:

A proper pressure of tire will help you have a safe journey in and out of the city. It will also save you some cash. Inflated or improper tires as well as under or over-inflated tires can have the impact on the grip of the car on the road. It also has an impact on the speed and control of the car while it’s moving.

At the same time, improper conditions of tire increase the chances of a bursting.

Tire pressure is something you need to keep in serious consideration as a tire with proper pressure will live longer and will increase the fuel efficiency. With the changes in tire logs and temperature, the pressure of the tire changes continuously. For this reason, a regular check on the pressure in each tire of your car is a must.

Some car maintenance experts suggest to check for pressure on every gas fill-up and it should be just like the oil check. It can help you find and fill up all deficiencies before they become a major problem.

How to Check Tire Pressure?

Checking the tire pressure does not take much of the time. Here are few simples steps on how you can do the tire checkup.

• Check the pressure when tires are cold. Cold tires will give you the most accurate reading. It means that you must prefer to check the pressure before you drive. If you have to check the tire pressure on a gas station make sure that your have drove for less than a mile. You can also have easy to use gadget at your home and check the pressure in the morning, before taking your car out of the garage.
• Do you know what is the tire pressure recommended for your car? You need to find the exact amount of air that is required for a perfect ride in the specific model of car you own. Always fill the tire according to the recommended number that you may find in the user manual of your car.
• Check the pressure with the accurately working pressure gauge.
• Fill the tire when and if needed and do not delay or compromise on it.

Checking Oil Level:

Just like the pressure in the tire, the engine oil is of great importance. It has a direct impact on the performance of the car. The major job of oil is to lubricate the moving parts of the engine and avoid any kind of tear and grinding, leading to dysfunctioning. You can say that engine oil is the essential food that keeps it in working condition and refrains it from any damage.

Moreover, it pushes away the heat from the combustion cycle and holds on all the harmful byproducts of combustion to enter into the engine and affect it’s working. If your engine does not have enough oil, it may get wrecked soon.

To make sure that your car engine has enough oil, make a routine to check the engine oil regularly. Once again, checking it during a gas fill-up can be a good idea. Checking the car oil is easy. All that you will need is a paper towel or piece of cloth with a sufficient amount of light and a time frame of 3 minutes.

Changing Oil Every 5k Miles:

Experts recommend an oil change every 5000 miles. Here are some simple steps you can take to change the oil on your own.

Get the required material and tools: It includes new oil filter that is suitable for specific model of your car; oil to refill your engine; oil filter wrench that you may need to unscrew the filter; socket wrench to unscrew the drain plugs; a bucket or something else that can collect the old oil; some extra piece of cloth to clean up the dripped oil.

Warming up the car: You need to warm up the engine as it will ensure that oil is completely drained out of the car. Mildly warming up the engine would also be enough.

Parking car on a horizontal surface: Park the car on an even surface and employ the parking brake/handbrake.

Removing the oil filler cap: You will need the wrench to remove the oil filler cap as it will help to drain the oil faster.

Removing the oil plug: Find the oil plug under the car and take a socket of suitable size or a wrench to unscrew it. Just loosen the oil plug and do not remove it completely. Place a drip pan underneath the oil plug to collect all the oil in the pan.

Allow the oil to drain: one the oil plug is removed, it will take about 2 to 3 minutes to drain the oil completely. Let it happen!

Remove oil filter: It is the toughest task in the entire process. You may have to face some trouble in finding a location of the oil filter in your car. If you can find it easily, all that you will need to do is to unscrew it. before unscrewing make sure that you have filter pan under the filter.

Install new filter: By now you are done with removing all the previously installed material including oil and filter etc. it’s the time to install new. You will need to soak your finger in new oil and affront it on the seal ring of the new filter. Tie the filter along the hole from where the oil filter goes.

Refilling with oil: You can now use a funnel at the neck of the oil filler hole and start filling the new oil into the engine.

Run the car: Once you are done with the process and added new oil, let the engine on for 5 to 7 minutes. It will help the engine to regain oil in all parts of it and you can check if the oil is leaking or not. If yes, you can fix it now.

Changing Air Filters Every 12k Miles:

It is another important thing and one of the easiest things you can do for your car maintenance on your own. Change the air filters of your car on regular basis and it does have an impact on the fuel efficiency of the car and also have an impact on the life of the engine. Plus it reduces the emissions of harmful gases to the atmosphere, making you a good citizen. As compare to the disposing of old engine oil, you need not have any concern with disposing of any harmful material.

Rotating the Tires:

It is also important to rotate the positioning of rear and front tires every 5000 to 10000 miles. Periodic rotation of tires helps to equalize the natural patterns and also ensure a safe and smooth ride. Moreover, it extends the life of tires and saves you money by replacing the worn out tires which is surely a costly thing to deal with.

Washing the Car:

After all the wear and tear management, replacement of expired oil, and rechecking of tire pressure etc. comes the most important element that has a major impact on your car’s health- cleaning.

Every day your car is subjected to salt, grease, sun, smog, tree sap, grime, sea bugs and the worse is acidic compounds in bird poop. All of these elements have a massive impact on the paint and texture of the car. Additionally, if you have a bad habit of eating in the car, you may end up throwing pieces of food and accompanied by mud with your feet, into the car.

All of this lead to a situation where cleaning of your car becomes a must to keep it hygienic in and out. Lack of cleaning may lead to damage to the body that will end up decreasing the resale value of the car.

Keeping Car Interior Clean:

Hanging out with friends and eating in your car on a long road trip is all fine. But but the problem arises when you leave all the trash in your car. Have a habit yourself and ask your friends and companions to leave no litter in the car, use an extra bag to put all the wrappers and papers in it. Take the wrap out while leaving and throw it in the garbage can. This simple trick will help you keep your car neat and clean, and will keep you safe hygienically.

With these simple to adopt habits, you can easily keep a check on the health of your car, in and out, keep it shiny and tidy and will keep it with you for a really long time. making a habit of checking the above said time to time will not only save you a lot of time, keep you away from the hassles on a long journey but will also save you money.

Khurram Zahid

The post A Layman’s Guide to Maintaining Your Car appeared first on Smartchoice.pk.

Why choose a Budget Car?

Here, where majority of the population belongs to the middle class, people look for budget cars that fulfill their daily needs without denting their savings too much. The average working class individual in Pakistan is likely to spend a maximum of 12 lac rupees and will hope to find a vehicle that can fulfill all the daily usage requirements. These budget cars are known for their passenger capacity, mileage and performance along with easy maintenance. They are more efficient in terms of fuel consumption hence more environmental friendly. Most also offer the added bonus of a fair resale value after a couple of years of usage.

Also read: 9 Things to Check Before Buying a Used Car

Here is a list of the 10 best budget cars in Pakistan with both locally assembled and imported cars:

FAW V2

The FAW V2 was first introduced in the Pakistani market in 2013 as a front engine, front wheel drive hatchback. The exterior of the 1st Generation FAW V2 stands out amongst other cars in the same category especially among the very popular Japanese imported models. Other noticeable features include its spacious interior and a fairly decent ride quality.

Although the FAW V2 has some positives, the poor build quality of its interior along with a below average fuel mileage and poor resale perspectives tell a cautionary tale for potential buyers.

With a 1300cc engine and a 5 speed manual transmission, the FAW V2 is available for 10 – 11 lakh rupees.

Toyota Passo

The current 3rd generation Toyota Passo was first introduced in 2010, as a front engine, front wheel drive subcompact hatchback. The current model is available in two variants the Passo X and G. as one of the initial Japanese imported model the Passo is most favored for its compact exterior and a spacious interior. On the other hand some people might find the ride of the Passo a little too stiff for their liking.

Available in both 1000 and 1300 cc engines depending on the variant and also in both automatic and manual transmissions, the Passo is priced from 11 lakh rupees onwards.

Also read: Car Insurance in Pakistan: An Easy to Use Guide for First Time Buyers

Daihatsu Mira

The most popular Japanese imported car in Pakistan with some great features along with excellent mileage, comfort and safety features such as:

• ABS
• Air Bags
• Immobilizer
• Key Keyless Entry
• Power Locks
• Power Mirrors
• Power Steering
• Power Windows

Daihatsu Mira is a front engine four wheel drive kei car first introduced in 2006. The Daihatsu Mira 2016 featured an updated design language and a slightly larger body compared to the previous model of Mira. Daihatsu Mira is available in 4 variants TL, TX, X and L. The Mira is also available in 2 body styles 3-door hatchback and 5-door hatchback.With a 660 CC engine, the Mira is available in both automatic and manual transmissions at a price range of between 10 – 12 lac rupees.

Suzuki Alto

Similar to the Daihatsu Mira in terms of features it’s another favorite of importers in Pakistan with its powerful air conditioning and the ride quality being its outstanding features.

But the lack of spare parts and the expensive maintenance makes this a slightly risky choice as well.

With a 660 CC engine, the Alto is available in automatic transmission with a price range of around 10 lac rupees, being imported (Japanese assembled).

This car has been discontinued in Pakistan so will only be found as a japanese assembled, imported car.

Suzuki Wagon R

The Wagon R was first introduced by Pak Suzuki in 2014 with a front wheel drive, K series engine which is more efficient and quieter than other engines. Another feature of the Wagon R is its intelligent iCAT intelligent computerized anti-theft system.

The only major drawback of the Wagon R is its exterior body shape.

Suzuki Wagon R is available in 3 variants Wagon R VX, Wagon R VXR and Wagon R VXL.

With a 1000 CC K-series engine, the Wagon R is available in both manual and automatic transmission at a price range of 8 – 10 lac rupees.

Suzuki Wagon R (Imported)

The imported Suzuki Wagon R has more features than that of the locally manufactured one. This car comes with many features like those of the Mira and Alto. Some models are also available with Push Start system. This is an ideal car for this price range, giving an average mileage of 16-18km/L.

It has a 660cc engine and an automatic transmission at a price range of around 12 lac rupees.

Honda N One

Another new entrant in the Pakistani market, with quite impressive customer reviews. The ride of this car is quite smooth and it comes with a lot of cool features identical to all imported cars.

Available in two variants, the G variant of Honda N-One is base-grade while the Honda N-One is top of the line.

With a 660 CC engine and an automatic transmission the Honda N One is priced around 12 lac rupees.

Mitsubishi Ek Wagon

The EK wagon is another 660cc imported car you can purchase in the budget range, introduced in 2006. This car comes with the standard features almost every imported car has. This car has a mileage of between 16-18km/L.Ek wagon’s second generation comes in two varients, namely G and GS. This model has proved to be very competitive in the market.The Ek Wagon is priced around 10 – 12 lac rupees.

Nissan Moco

The Nissan Moco was first introduced in 2011 with a K series engine and an option of both front and all-wheel drive transmission. The Nissan Moco is one of the most fuel efficient cars in the imported class owing to features such as the start-stop technology. The Nissan Moco is available in 3 variants E, G and S. Although it has very strong points in its favor, the Nissan Moco can be quite expensive as for maintenance owing to a lack of spare parts in the market.

With a 660 CC engine and automatic transmission, the Nissan Moco is available for around 10 – 11 lakh rupees.

Suzuki Every

Similar to the Suzuki Bolan it’s another family van with ample seating capacity of up to 7 adults with spacious and comfortable interiors. It also has all the features of the other imported cars.

Suzuki Every gives a fuel average of 15-18Km/L.

With a 660 CC engine and automatic transmission, the Suzuki Every is priced around 9 – 11 lac rupees.

Also read: What you must know Before Going for Car Financing in Pakistan

With the budget restrictions, average salaries, and monthly expenses of most people that can afford cars, a budget car such as the ones mentioned above can prove to be the best sort of investment. Unless your job requires extensive travel across the country, or you are a car enthusiast, it makes a lot more sense to get a budget car and save for other expenses that you may have over the years.

Khurram Zahid

The post Top 10 Budget Cars in Pakistan You Can Afford appeared first on Smartchoice.pk.

Car financing is basically when you take financial help (loan) from a bank/company to own a car and then pay off that amount as per the terms and conditions. Different banks have different installment patterns and different interest rates, so usually a pattern is observed that the longer you take to pay off the loan, more the interest will be charged. Now this car financing is not only restricted to new cars, but the imported used car financing is also on a rise.

Related read: Finance Or Buy: What’s The Right Choice For Your New Car?

How car financing works

To give you a summary as to how car financing works, here is an overview of all the steps they follow;

1. Eligibility criteria

The procedure for car financing differs from bank to bank but the gist however remains the same.It initially requires you to be up to the eligibility criteria, which usually states that you have to be a Pakistani citizen of around 22-65 years old with a fixed income, be it from a job, or your investments elsewhere or simply your own business. Your income is basically what helps them to decide how much you will pay monthly. Though there are many other details to this, but they differ from bank to bank.

2. Documentation

After this comes the documentations. This is a simple process where you submit all your important documents to the bank for evaluation, like passport size photographs, copies of your national identity card, previous bank statements which prove your credibility in the past, and a letter or document from your office defining your position and salary. This is a list of basic documents that are required by any bank, though there may be an addition depending on your case/ situation.

3. Processing by the bank

Here, it’s solely on the banks working as your part is done now. The bank officials verify and authenticate your details. They weigh out the risk factors for their bank depending on your stability with job/income. After which if everything is clear, they book the car and work towards its delivery and payment procedures. Once all of this is done, your installment is calculated based on your monthly income and the deal is finalized.

Now that you are clear about the working of a car finance process, let’s talk about its benefits and how to utilize them in order to find the best car finance in Pakistan. The first and the most evident advantage is that you get to buy the latest car which otherwise you couldn’t afford. This not only makes you own the best engine there in the market but it also cuts down the maintenance and repair cost which you would’ve had to pay if you bought some old car in that budget of yours. The second advantage is that you don’t have to worry about the market price fluctuations, once the installment amount is decided by the bank, it is fixed no matter how and when the prices of that car change in the market.

Related read: 5 Ways To Get Best Car Finance In Pakistan

Which bank to choose for your car finance?

It’s a long term commitment to a bank when we talk about paying off loans, and it’s not something that you can back off from at any given time. Though there are 6 points, if taken care of, can help you choose the best deals in Pakistan.

1. Interest

Here, some banks offer fixed and others offer a variable rate which varies as per the market value. It is better to opt for a fixed rate as especially in a developing country like Pakistan, you never know when and to what extent the market may rise or fall. Fixed rate gives you a clear vision as to how much you have to pay so that you can plan your other expenditures accordingly.

2. Insurance

Some banks, like Bank Alfalah, offer insurance coverage as well in their installment plans. This is great because not only do you end up getting the car in installments, but you also get car insurance to cover its expenses should something happen to it. This must be taken into account because it can be an important part of your decision.

3. The cost the bank is covering

Now the average amount that any bank cover sis about 85%. Though this might differ. So research well and calculate how much your pocket can bear.

4. Duration

This is the time span that you have in which you have to repay the amount. Again, analyze this having your current income and stability in mind.

5. Early settlement

You can ask the bank about the terms and conditions they have on this, as it may be possible that due to your change in income or savings, you are able to repay the loan earlier than that documented.

6. Other options

Balloon payments are useful if the conditions are favorable. Talk to your bank manager in detail about this before confirming the deal.

These are the basic points that you have to keep in mind while comparing different banks. Remember to have your options open and research well on all banks before finalizing.

To make your research easier, here is a list of best bank for car finance in Pakistan;

1. Dubai Islamic bank – They provide the lowest insurance rates over the tenure of 1-7 years.

1. Faysal bank limited – Known for its fastest hassle free processing

1. Bank Alfalah – Known for its flexibility

1. Askari bank – Finances a wide variety of used and new cars

1. Bank of Punjab – Known for its minimum documentation and great flexibility

Now considering all the pointers above and researching well on these few banks according to your financial situation, you will be easily guided to the best possible car finance in Pakistan that suits your lifestyle.

Khurram Zahid

The post What you must know Before Going for Car Financing in Pakistan appeared first on Smartchoice.pk.

Easy Acceptance:
This is probably the biggest advantage you have when it comes to car financing. Numerous banks in Pakistan are offering car financing with an exceptionally high rate of acceptance when you apply for car financing. The documentation needed is also minimal and the processing times are fast. Thus it totally makes sense to prefer going for car financing rather than buying it outright which might translate into putting yourself into burden financially. Some of the major banks offering car finance in Pakistan are Dubai Islamic Bank, Bank Al Habib, Askari Bank and JS Bank.

Attractive Rates:
Currently most banks are offering car financing services at highly subsidized rates that enable consumers opting for car financing in Pakistan  to make their decisions with ease. Markups can be kept fixed or variable as some banks offer this option. Some banks even offer the option to pay as much as you can in the name of down-payment of the vehicle. You can also avail special rates when it comes to comprehensive insurance of your car. It doesn’t get any easier than this.

Flexibility:
Currently car financing is offered with a ton of options that can be tweaked according to the consumer’s needs. Installments are also based upon the duration of car financing which is usually a long term affair with up to 7 years. Lastly some banks also offer balloon payment options that enable you to pay in lump sum when it’s possible for you thus lowering the number of installments. You can also choose between new, used or imported vehicles of most brands. You can also pay registration and insurance charges in installments which makes it extremely affordable as the down-payment is greatly reduced to lowest possible limits.

Sharia Compliance:
Since we live in a country with its founding roots based upon Islam and the majority of population being Muslim, it’s only natural that most people tend to have their financial transactions done in a Sharia compliant way. Thus many banks have now started to offer Car Ijarah which is based upon Islamic principles and is completely interest free thus a compelling option for those who prefer Islamic banking and finance. Islamic car financing in Pakistan is offered by Meezan Bank, Dubai Islamic Bank and Bank Alfalah being the renowned names.

Do Your Own Research:
Last but not the least this is another important aspect to get the best car finance deal for your new or used car. Always have a look at multiple options and compare them to see if there are any unique offerings from a provider that the others might be lacking on. See markup rates, payment terms and conditions and installment duration etc to see what suits you best and then make your choice.

There you go, following these 5 best practices will ensure that you get the best car finance deal no matter which bank you choose to go with. For any comments or feedback, please write to us at feedback@smartchoice.pk

Khurram Zahid

The post 5 Ways To Get Best Car Finance In Pakistan appeared first on Smartchoice.pk.

Public transport in Pakistan might be an alternative however it has its own woes. The public bus system is running on decades old buses that are chock full of commuters and is more of a health and safety hazard given the way prople are filled to the brim in the morning and evening hours. When it comes to cabs and rickshaws, the fares tend to be so high that for some it might become difficult to manage spending a huge chunk of your salary into monthly fares. In contrast, having a car of your own means more flexibility as you can pick and drop family members to their workplaces or children to schools etc or it can save you money if you share your ride with work colleagues etc. Not just that, having a personal vehicle means you don’t need to worry about finding transport if you have to travel due to any emergency.

When it comes to getting a car, be  it new or used, there’s two ways to go about it. You can either make an outright purchase with your available funds or you can choose to get your car financed by a bank. Below we will list a few scenarios that may determine which one of these could be the right choice for you.

Affordability:
This is undoubtedly the most important aspect that will determine your decision. If a purchase is possible from your own funds without putting a financial burden upon you then you should go this route because when it comes to getting your car financed, the bank remains the owner of the car and you cannot sell or have it transferred in your name until you have cleared the amount due which can be a hassle if you ever need to sell the car again for some reason. It also depends if the particular model you wish to purchase is within your budget or not else car financing could break down the amount into easily payable installments making it more feasible to buy a car of your choice rather than settling for something lesser.

Duration:
The next criteria to ponder upon is how long you plan to keep your car. Basically if you are one of those people who like to drive the latest models or change to a new car after your current one has attained a decent mileage then you should purchase a car. On the other hand if you plan to keep your car for upto 5 years or more, then financing is the way to go as usually installments last that much and you get the added benefit of having to pay in smaller chunks while you get to use the car.

Change in need:
It might also happen that you plan to buy a smaller car now but in the near future you might need a bigger one due to family needs or any other reason. For this purpose we would recommend that you buy your car if you see that your needs might change in the near future. But if you think your car would fulfill your needs for the coming years, go for car financing.

Parking:
This is another important aspect last but not the least. If you have a parking area inside your residential premises that’s safe from arson or naughty kids damaging your vehicle then you can put your hard earned money all at once into purchasing a car of your choice so even if you park it inside at night you will have peace of mind that no one will attempt to damage your car in your absence. However if you park outside in the street then it’s feasible to get a car through car financing so as it ages, you will be paying for it gradually and by the end of the installments you will own the car and it will be old enough that minor damage will not have any physiologically detrimental  impact on you. Also in the case of theft, the bank will be liable to compensate for damages as it will be insured in the bank’s name and thus you will not lose any money.

These are some aspects that you need to keep in mind while making the decision of buying or financing your next car. On a general note we find car financing in Pakistan to be a more pocket friendly option. For any feedback please write to us at: feedback@smartchoice.pk

Khurram Zahid

The post Finance Or Buy: What’s The Right Choice For Your New Car? appeared first on Smartchoice.pk.

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Khurram Zahid

The post Take Our Quiz To Know If Buying Or Leasing Car Is A Smart Choice? appeared first on Smartchoice.pk.