The third week of December until the first of January is truly the most-awaited moment of most people, since it is when we are most likely to spend more time with our own families and friends. Not to mention that is also about exchanging gifts with our dear ones. But what really makes a great present to the one we adore?
Gifting clothes, bags, and the likes are common, but wrapping have you considered boxing and wrapping a car key? To have an auto is truly the ultimate goal of many, but is it really a great idea? Before you go and pick the brand, color, style of the car, here are some things that need to be put in mind.
Affordability and future obligation
Giving someone a car is not as easy as wrapping a bag, shoes, and the likes, because purchasing automobile is like paying for the whole thing. That is why putting the affordability of the vehicle as a top priority is necessary. It is also vital to know that there are a lot of factors entail in buying car─from maintenance, to private car insurance to taxes to registration fees.
Is it worth as a present?
To receive a car as a present can absolutely give a wonderful feeling. However, the aftermath should also be taken into consideration. Think about why you are spending so much. It is important to know if the person you are about to toss a car key really needs it in his or her daily life, plus, if that someone can manage to pay for the insurance? In this case, better look for affordable car insurance which can suit his or her financially.
At this point, you as the one who will give the car to someone may decide to put your name on the insurance, either as the sole or additional insured party.
Registration and title
Aside from the getting the car insured, another thing that needs to be settled is the registration and having the title, which states who the rightful owner of the auto is.
Must be aware of the responsibilities involved
Since a car is a major purchase, despite what model it may be, you as well the future car possessor (to whom you will give it as a present) must be fully aware of the responsibilities that will come along.
In line with this, you may also want to have a quote about travel insurance, which Autoshield can provide!