Buying a new or used car is almost everyone's dream. In this article, we will discuss the additional costs you may encounter before and after purchasing a vehicle, specifically the expenses involved in buying a car.
Loan Expenses for Your Car
Today, purchasing a vehicle is more accessible thanks to advantageous loan packages offered by banks and financial institutions. Consequently, many people prefer to use credit instead of paying cash. Since the loan represents a recurring monthly expense, it should be considered an ongoing cost rather than a one-time expenditure.
Expertise Cost
In our country, obtaining an expertise service is mandatory for all vehicle purchases and sales according to recent regulations. This service helps protect buyers from unnoticed damages and reduces responsibility for sellers. As this service is compulsory, you should budget an average amount of 100 TL for expertise costs, although prices are generally lower than in the past.
Insurance and Casco
Every vehicle must have compulsory traffic insurance to be roadworthy. This insurance provides coverage up to a certain amount in the event of an accident. For more comprehensive coverage, you should also have motor insurance and renew both policies upon expiration. When purchasing a second-hand vehicle, if it is already insured, the existing policy is transferred to the new owner, just like the compulsory traffic insurance. The insurance cost varies depending on the insurance company, the vehicle's age, your past accident record, and whether the vehicle has been involved in any accidents.
Maintenance Expenses
When buying a second-hand vehicle, it’s crucial to have it serviced by a professional to assess its condition and prevent potential issues. Maintenance costs should be included in the list of expenses incurred during the vehicle purchase.
Agent Costs
Especially when buying a used vehicle, working with a dealership can streamline various processes and reduce hassles. Dealerships handle both the preliminary inspection and the paperwork involved in the sales process, for which they charge a fee. These agent costs should be considered part of the expenses incurred when purchasing a vehicle.
Monthly Parking Fees
If you plan to use your car in a busy area, parking can be a challenge. Parking lots provide convenience and security for your vehicle. Fees for daily or monthly parking should be factored into your overall expenses.
Cleaning Expenses
Regular cleaning is important for maintaining a clear view, properly inflated and undamaged tires, and a clean interior. Both glass and tire maintenance are essential, so include cleaning expenses in the list of costs associated with buying a vehicle.
Vehicle Inspection
Motorized and non-motorized vehicles in our country must be inspected to document their roadworthiness. This requirement, specified in Article 34 of the Highway Traffic Law No. 2918, is a legal obligation confirmed through inspection at TÜVTÜRK vehicle inspection stations. Inspection fees vary based on the age and model of the vehicle. This cost should also be considered part of the expenses when purchasing a vehicle.
If you manage a fleet of vehicles, there are various processes you need to oversee after purchasing a vehicle. Titarus is a software solution that supports companies engaged in car rental and fleet management by automating vehicle history tracking, compliance with legal obligations, and more.
