HOW TO BUY A USED CAR IN ISRAEL – PART ONE

Whether you’ve just arrived to Israel, been here for 30 years, or are a first time buyer. Buying a used car is pretty much akin to a poker game. Keep your head, keep your focus and you’ll win. You might have noticed dealers in Israel are not as polite and helpful as abroad. You have also probably felt overwhelmed searching on Yad 2 (Popular national website for buying cars). Here’s a few fail-safe pointers when deciding on a car that we at Zvi Cars feel will aid you.

  1. Leave your ego at home. Cars in Israel often are 200-300% more expensive that they are abroad. In other words, it might be best to stop dreaming about aspirational vehicles or those that would hoist you up the social rung. Bear in mind, the sweet spot in Israel is a reliable people mover that won’t chuck you into overdraft and plaque you with maintenance issues.

    Be practical and sensible; do not buy a model because the dealership is offering a holiday for two or a low interest scheme. Identify a vehicle that suits your needs before subjecting yourself to an onslaught of marketing.

     

  2. Bring your significant other with you! You’ll want them not only to be on board with your purchase, but their opinions could be invaluable.
  3. Find the used car’s true market value at ‘Levi Yitzchak’ also known as Mechiron or blue book. Levi Yitzchak releases a copy of used car price guides every month. You may also check Yad 2, although it is not industry standard. Yad 2 has it’s own price list for advertising on their website. Private sellers often quote the Yad 2 because it is higher. All dealers and insurance companies use Levi Yitzchak. The proper price for a certain used vehicle is not necessarily the one indicated in the Mechiron – this gives you just an average price. It’s ‘guide book’, not a ‘rule book’. The actual value of the vehicle depends on a car’s condition. The price is based on, among other things, mileage, age of the car, number of previous owners, accidents, etc. All these factors are converted into the price the car is worth.

     

  4. Beware of scams and dealers selling substandard cars. The most frequently asked question amongst Israeli car buyers is: “has it been in an accident?” If a car has been damaged in a collision, even if it has been repaired by the manufacturer it could compromise the safety of the vehicle. Expect the price to be discounted by 10 – 50% depending on damaged caused.


    Visit our website at www.zvicars.com to view additional incentives beyond the 12% when you buy P2P, or call us to explore your options for a car at (972) 02-991-3115. For those interested in researching the car buying process in Israel, check out our ‘How to Buy a Car’ page at www.zvicarsblog.wordpress.com

Passport 2 Passport – Oleh Rights Explained

As a new immigrant you can save money by invoking your Olim rights for new cars.

Passport to Passport is the transaction of a pre-owned car (Yad 2) Olim to Olim, where the seller can pass his or her Oleh discount on to the buyer. New Olim have three years to buy passport to passport from the day they immigrate.

You will save between 8% and 12% off the MSRP/Mechiron value. Passport to Passport transactions hold the following restrictions: 

  • 4 years need to elapse from date of purchase before you sell to an Israeli citizen.
  • Only two drivers are permitted to drive the vehicle.

We recommend you only use your rights for expensive cars such as minivans, executive saloons, and sports cars, where the saving are significant. We can help you save money on most cars without the Olim restrictions.

We are frequently asked if 12% is the maximum allowable discount the government gives. The answer is: the government gives more money to Olim and less discounts on cars than it used to, so deductions do not top 12%


Visit our website at www.zvicars.com to view additional incentives beyond the 12% when you buy P2P, or call us to explore your options for a car at (972) 02-991-3115. For those interested in researching the car buying process in Israel, check out our ‘How to Buy a Car’ page at www.zvicarsblog.wordpress.com

Buy a New Car for Less

There are a couple of ways new immigrants can save money on their car purchase. One such method involves invoking your Olim rights.

You will save between 8% and 12% off the MSRP/Mechiron value.

Conditions for using Olim rights include:

1) 4 years must elapse from date of purchase before you sell to an Israeli citizen.

2) Only two drivers are permitted to drive the vehicle.

3) You have three years to use your Oleh discounts to purchase a car.

Visit our website at www.zvicars.com to view additional incentives beyond the 12% when you buy P2P, or call us to explore your options for a car at (972) 02-991-3115. For those interested in researching the car buying process in Israel, check out our ‘How to Buy a Car’ page at www.zvicarsblog.wordpress.com

Our available 2016 models, without Olim Reduction:

Kia Ceed, dealer price ₪ 133, you pay ₪108,000

Mazda 3 (1.6L), dealer price ₪ 130, you pay ₪ 111,000

Toyota Yaris 2016, 0 km, dealer price ₪ 104, you pay ₪ 92,500 1.3

Hyundai i20, 2016 dealer price ₪ 105,500 you pay ₪ 93,000, 1.4

Kia Sportage EX dealer price ₪ 184, 2.0, you pay ₪ 171,000

Ford Fiesta .1.6, dealer price ₪ 101, you pay ₪ 86,000

Kia Rio 2016 dealer price ₪ 109, you pay ₪, nis 90,000

For a pre-owned car it called  ‘Passport 2 Passport’ – Again the saving is between 8% and 12% off the MSRP/Mechiron value.

Our Available Pre-Owned Passport 2 Passport Options:

Mazda 3 Spirit, 2015, 2.0L, 43,000 km, book 112, ₪ 99,000. Fully loaded and comes with an 18 month warranty.

Check out a Facebook page: Buy and sell a car in Israel

Sales, insurance & rentals-ONE-STOP-SHOP–For all your CAR needs

– Helping you buy/sell your car

– Checking the car

– Negotiating the price

– Finance options

– Bureaucracy/transfer of ownership

– Arrange competitive insurance quote

Call for the latest great deals on new cars, details on finance options, warranty and for cars for sale with your Oleh rights,

If the car you are looking for isn’t on our website, don’t worry, we can find the car that’s right for you in a jiffy.

That’s part of the ZviCars service, for more info please call us to discuss further.

Best regards

ZviCars.com

New & Used Car Sales and Insurance

Office:  02 991 3115

www.zvicars.com

info@zvicars.com

Helpful Hints for Buying a Car in Israel

Value and Price

When it comes to used cars, “best deal” doesn’t mean the cheapest one. Your goal is to look for a car in good condition for reasonable price. In Chutz l’Aretz it was relatively easy and common that people bought a cheap used car, lovingly labeled in the UK as “old banger”.

Here in Israel this doesn’t exist. The demand for a “cheap car” is so high, it keeps the prices up. Often the question arises, what’s better, a well made Japanese made car such as a Toyota Corolla 2004, 150,000 km for ₪25,000 or Chevy Optra 2009, 100,000 km, for ₪25,000. Many dealers would preasue you to purcahsethe Chevy. The Toyota will last for another 10 years easy, the Chevy would would be lucky to last till the end of the year.

Remember, the proper price for a certain used vehicle is not necessarily the one indicated in Mechiron book – they give you just an average price. The actual value of the vehicle depends on a car’s condition. Two cars may only look the same. One may have been maintained so poorly and the engine won’t last long after you buy it. Previous owner of another vehicle may have been religious about maintenance, was using only synthetic oil, has done the rustproof and so on. Without a doubt, I’d rather pay ₪10,000 more for this second car just to have peace of mind driving it.

How to determine how much you will have to pay for a certain model? Just to show you as an example, I searched the used car dealer-ships for a three years old Honda Civic. I found 10 vehicles with the price ranging from ₪60,000 to ₪90,000. To be realistic, I know that for ₪60,000 it was probably in accident or high mileage and not well looked after. ₪90,000 seems to me too high. But there are quite a few cars for ₪70,000 – 75,000 price range – this looks more realistic to me. etc.

Decide how much you can afford.

Set yourself a firm limit of how much money you want and can afford to pay for a car. The process of buying a used car can be time-consuming and stressful and it might be difficult to resist the urge to buy more expensive vehicle, especially when higher total price is hidden under “low” monthly payments. Often dealers could try to push you into buying more expensive vehicle to increase their commission. In fact, this is very common situation when people rush into buying a car or a truck only to realize later that they cannot afford paying for it.

Thousands of people are searching the Internet for an answer to “How to get out of a car deal?” You want to buy something that you can afford, something that will not put excessive financial strain on your family budget, so you need to set yourself a firm limit. When we give advise on cars we can be as natural as possible, because our fee is set, the buyer pays us a ₪1,000 fee (after the sale). Therefore we only recommend what is best for you.

What type of used car will fit into my price range?

Let’s take a look at some prices: ₪50,000-₪80,000 – This is the average minimum amount of money one would need to spend on a ‘decent’ car 3 to 4 years old. This would be a typical car (not a luxury car) sold from a used car dealership. They usually have, what would I recommend as a perfect choice, leased in one-owner certified vehicles that were sold new and serviced at the same dealership. Leased cars are recognized as good buys as they are well looked after, or the leaser has to pay a large fine. You can expect to save about ₪10%. They often come with higher mileage, expect about 35,000 km per year. This shouldn’t alarm you. Commuting between cities in Israel is common, and the car can handle highway driving much easier than inner city traffic driving. Usually such a car may last for another few years relatively trouble-free if properly maintained. For ₪20,000-$40,000 you may be able to find a 6 to 9 year old used car with relatively high mileage which still might be in good shape. However, it may take a lot more time to find a good condition used car in this price range. Typically, independent used car dealers sell cars within this price range. For ₪10,000-₪20,000 you may be able to buy something that can serve as simple transportation to get from point A to point B. More than likely it may be a car with high mileage sold by a private owner. Expect to visit your mechanic more often with this kind of vehicle. Don’t forget that aside from the car price you may need to pay extra for the yearly test-registration and there may be other charges to consider.