When deployed in a station far from home – whether it’s temporarily or indefinitely – you may want a way to get around. However, buying a car while serving overseas can be a rather daunting task. There are many factors to consider, and it’s essential to do your research before making a purchase. It’s easy to make a regrettable mistake. What are some of those mistakes that you can avoid when buying a car while service in the military overseas?
Failing to research car models and prices beforehand
Before buying a car, it’s important to research the models and prices available. Looking at reviews and customer feedback from other military members can give you an idea of which cars are reliable and long-lasting.
Additionally, you’ll be able to compare prices across different brands. Doing your research ahead of time can help you make a more informed decision and save you money in the long run.
It’s also important to remember that the prices you find online may not be the same as the ones in your destination country. Make sure to take currency conversions into account to get an accurate estimate of the cost.
Consider using military autosource for your car
When buying a car while serving overseas, Military Autosource can be a great option. This program is specifically designed to meet the needs of military members and their families.
Through MAS, you can get access to a wide selection of cars from car dealerships in Puerto Rico, the Dominican Republic, the Virgin Islands, and many other parts of the world. You’ll also get competitive deals, flexible financing options, and an experienced team of professionals to help you throughout the process.
Unlike most other online-based sources, Military Autosource is also known to offer a wide range of other benefits, including free shipping and delivery, no-hassle returns, and an extended warranty.
Not considering all financial options
Financing is another critical factor for servicemen serving overseas to consider when buying a car. And the last mistake you want to make is to overlook the importance of weighing your financial options. Especially if you’re purchasing a luxury car, skimping on this one could cost you dearly.
So, look into things like credit unions and military car loan programs to see if they offer more favorable terms than traditional car loans. Additionally, you could get a better deal by shopping around and comparing rates and terms from different car loan providers.
It’s also important to remember that different countries may have different regulations and requirements when it comes to financing.
Not having funds available to pay upfront
In most cases, car purchases require a certain amount of down payment. So, make sure you have enough funds available to pay for the car upfront.
Depending on the country you’re in, you may be able to use a credit card to pay for your car’s down payment, but this may not always be the best option. It’s important to consider the interest rates and fees associated with using a credit card, as these can add up quickly.
Not paying attention to local laws and regulations
When buying a car while serving overseas, it’s important to pay attention to the local laws and regulations in your destination country. Every country has its own set of rules and regulations regarding car purchases, and it’s important to make sure you’re aware of them before you make a purchase. This includes things like registration requirements, taxes, and insurance.
If you’re unsure about any of the local laws and regulations, don’t be afraid to ask questions. Your local military base may have resources available to help you understand the local car-buying process, as well as importing. Doing your research ahead of time can help you avoid any unpleasant surprises down the road.
Not arranging for shipping and delivery
Arranging for shipping and delivery is another crucial aspect of purchasing a car while serving overseas. Depending on where you’re located, you may be able to pick up the car yourself. But if you’re in a remote area, you may need to have the car shipped.
Make sure to research different shipping companies and get quotes from them to ensure you get the best deal.
It’s also important to remember that you may need to pay additional fees for shipping and delivery. Make sure to factor these fees into your budget to avoid any unexpected costs. Additionally, make sure to double-check any paperwork related to the shipping and delivery process to ensure everything is in order.
Purchasing a car while serving overseas can be a complicated process. By avoiding these five mistakes, you can ensure that you make the best decision for your needs.
Doing your research ahead of time and being aware of the local laws and regulations can help you find the perfect car and save you money in the long run.
Top photo by Peter Broomfield on Unsplash
I am a 50-something Torontonian who loves everything about my city. It’s been my home, my playground, for my entire life. I went to school here. I met my wife here. I own real estate here. I love writing about the transformation of my city on the world stage, which hasn’t been anything short of dramatic. That continues on, as I write this. I write on the real estate scene. I write on travel and fashion. I like following the world of luxury watches.
But I love writing about cars – check that, luxury cars, a level of superior, engineering sophistication, high performance and style, that transports you not just from one destination to another but also out of whatever you are going through on a particular day, whatever mood you are in, all to another head space. It’s complete and total exhilaration, head to toe.
Check out my stories, and email me direct at mkeast@regardingluxury.com
