The automotive industry is going through a state of massive change from connectivity, electrification, and digitization of the customer experience. Customers expect seamless digital experiences not only from ecommerce, but also when buying a car, where they expect a personalized and multi-channel journey.
AutoDeal prides itself on being a key component in modernizing the customer experience for local car buyers in the Philippines. Since 2014, AutoDeal has provided buyers the ability to compare vehicles; find special offers; and, complete multiple stages of the car-purchase transaction online. Every month, the online automotive marketplace enables consumers to get the best price on brand new vehicles by comparing offers from multiple dealers by simply going to the AutoDeal website. This enables buyers to transact quickly with trained and vetted sales agents from a network of official partner dealers. AutoDeal’s CEO and Co-Founder Daniel Scott shares: “As automotive retail propels towards digital, AutoDeal is receiving more customers every day, which translates to more sales for our partners every year. AutoDeal was able to deliver over P28B worth of sales to their partners in 2021 from 24,835 purchasers”.
AutoDeal also helps report consumer trends, insights, and feedback directly to key players in the automotive industry as a means of helping lift the standard of digital commerce. As AutoDeal’s Co-founder Christopher Franks explains: The platform offers improved accessibility to vast amounts of data which translates back to more money left in the pockets of consumers. “These detailed insights on how automotive customers shop makes AutoDeal a core component in helping the auto industry evolve at a time when automotive brands are having to reshape business models and organizational structures to stay competitive in the market”.
Every year, the data collected via the AutoDeal platform is communicated through AutoDeal’s Industry Insights Report.
Being a first time car owner is such an exciting phase in anyone’s life. It is such a big accomplishment for some, and for some others, even a dream come true. You may be all too ready to take your new car for a spin, but here are a few things you might want to consider before you do just that:
Read your Owner’s Manual
Some first time car owners might find reading the owner’s manual a tedious and boring task. You must remember that it will save you a time and money to get to know your car better. Your owner’s manual contains valuable information about your new vehicle, as well as other details that you might not know.
Keep Tabs on your Regular Maintenance
One of the major things you have to consider as a first-time car owner is to keep tabs on your regular maintenance schedule. The good performance and long service your car can provide will depend largely on how you keep up with your regular maintenance. These include changing oil and fluids, timing belt, tire replacements, among others.
Leasing cars is not the cheapest way to drive an automobile, but it can be the best option in certain cases. For example, if you intend to upgrade to a better model frequently, you would be better off leasing a vehicle as opposed to purchasing and selling them. There are several tips and tricks you can use to lower the cost of your car lease. Here are some of the most important:
Negotiate the Price of the Car as if You Were Going to Buy It
Leasing cars can be an expensive option for those who don’t know how to negotiate. You should approach the price negotiation as if you were going actually to buy it. It is common knowledge that you would have less leverage when leasing a car, and this might affect your bargaining power. For this reason, you should only let the dealer know that you intend to lease after you arrive at a suitable purchase price. This way, you will be able to get the lowest price they can afford to give. Also, you should get quotations from reputable dealerships such as Intelligent Car Leasing before making your final decision.
Negotiate the Mileage Limit, Down Payment, and Purchase-option Price
Most car salesmen are likely to focus on your monthly payments, and this can distract you from the down payment. It is important to make sure you pay as little money as possible upfront since this can lead to significant losses. In case the car crashes or gets stolen, you are likely to end up with a lot of money lost, and you will also not have a car.
When leasing a car, you will also have to agree on the mileage limit. If you are always on the road, you should go for a higher limit as this will be cheaper than paying extra for exceeded miles. If you have to prepay, you can have them refund you for any additional miles that you didn’t use. Also, find out if the dealership offers a purchase-option price. This can be advantageous if you choose to buy the car at the end of the lease.
Buy GAP Insurance
Guaranteed Auto Protection (GAP) insurance will cover your costs in case your car gets totaled before the end of your lease. The insurance will pay the difference between your loan and the value of the vehicle. It is important to note that GAP insurance will not cover your costs if you lose your job or get disabled.