Want to buy a car but not looking for a new one? Buying a used car could be the solution. Buying a used car is not the same as buying a car that is no longer suitable for use. Choose a car that is still well maintained. Apart from saving money to buy the car itself, make sure to also prepare money for the following big expenses.
Buying a Used Car: What Do You Have to Prepare Money for?
1. Used vehicle inspection services
Even though the car is a used car, of course you want one that is still in healthy condition. You certainly don’t want a used car that gives you lots of problems after you buy it, right? Because a car with a lot of problems will make you have to spend a lot of money. In the end, the costs incurred are the same as the costs of buying a new car. Make sure you hire the services of a vehicle inspection expert who really understands everything thoroughly.
2. Title transfer due to buying a used car
Because a used car is a car that was previously owned by someone else, you need to do title transfer to ensure the owner of the car changes from the previous owner to the current owner, namely you.
How much are the title transfer fees when buying a used car? The fees depend on the region as they are adjusted to local regional regulations. The transfer process involves two categories of costs, namely those related to tax and non-tax.
3. Regular car maintenance
Vehicle maintenance costs are expenses that must be prepared by every car owner, both new and used cars. Moreover, if the car you buy is used, its condition may not be as good as a new car. For this reason, make sure you carry out routine maintenance and prepare the costs.
4. Emergency funds to anticipate unexpected car problems
Apart from regular maintenance, don't forget to prepare additional costs as an emergency fund. Used cars may have hidden problems that can arise at any time. Not only that, an emergency fund will be very helpful when you experience an unpleasant event on the road, such as a car accident.
If the car is not insured for one reason or another (for example due to the age of the vehicle), the best anticipation that can be taken is to have emergency savings.
Being Jago at Managing Finances Using the Jago Pocket to Anticipate Expenses Related to Buying a Used Car
Being prepared is a good thing to do. If one day you have to spend money on one or all of the expenses above, the money is ready. For this, you can use the Jago Pocket in the Jago application. Why the Jago Pocket?
1. The Jago Pocket can be created as many as you like, without monthly admin fees
The Jago Pocket makes it easier for you to manage various needs. Not only those related to buying a used car, but also other needs such as paying monthly bills, buying household needs, renovating your house, building an emergency fund or saving money to achieve your Moneyfesting, and so on.
You can create Jago Pockets in the quantity according to your needs. Creating a new Jago Pocket is the same as opening a new bank account. All the Pockets can be monitored via the Jago application. In other words, you can have multiple bank accounts to separate your various needs. And, all these conveniences can be enjoyed without having to pay monthly administration fees.
2. The Jago Pocket can be allocated budget automatically
Another convenience that can be enjoyed when using the Jago Pocket is automatic budgeting. If you usually allocate your budget by moving money from one Pocket to another, now forget all that.
In the Jago application, you can use the Auto-Budgeting feature to automatically transfer funds to any of your Spending Pockets or Saving Pockets. With this feature, it is easier and more practical to prepare funds for various big expenses related to buying a used car.
3. The Jago Pocket can be linked to QRIS and Jago debit cards as a source of funds during transactions
Not only managing your finances, you can also enjoy the pleasure of completing cashless payments with QRIS and the Jago debit card.
Link QRIS or Jago debit card with the Jago Pocket that you created to build the funds to pay for expenses related to buying a used car. By doing this, you ensure you don't use your budget wrongly. Don't use your monthly shopping budget to pay for car maintenance.
With Jago, it's easier and more enjoyable to manage your money the way you want. Make sure you have the funds needed to anticipate various unexpected big expenses when buying a used car.