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With so many options in the car market, can you be sure you're getting the best deal for your money? Here are some great tips to help save you time and money on your new wheels.
 Budget
- Before you set out on the physical car hunt, decide on how much you can afford to spend. But remember, there is more to consider than just the purchase price. Take into account the pre-purchase inspection, stamp duty, insurance and the registration transfer fee.
Dealer purchase
- Buying from a dealer usually means you pay a little more but you are guaranteed there is no money owing on the car and you can often trade in your old vehicle. Purchasing a car that is less than 10 years old, under 160,000 km and worth less than $55,134 means the dealer must also provide you with a 3 month/5000km statutory warranty.
Auction
- If you're buying from auction it's a case of "buyer beware". Whilst you can pick up a bargain at auction, you may not be able to arrange a test drive. So you will be relying on your own knowledge of cars to make sure you don't buy a lemon!
Private Sale
- Buying privately may mean you can get some savings but you don't get the warranty dealers are required to provide. When purchasing at private sales, markets and auctions, it is essential to check the car has no money owing (or you may inherit the debt with the purchase of the car). You can check by calling REVS and quoting the VIN, engine number and registration number.
Trade-ins
- There is no easier way to sell your current car than to trade it in. The downside is that you generally get less money, and the practice restricts you to buying from a dealer. However, trading-in can save time, advertising costs and the frustration of sitting around waiting for the phone to ring.
Leaving a deposit
- When you leave a deposit with a seller (private dealer) it is essential to be cautious. Ideally the handover of money should follow an inspection report (in the case of a second-hand car), though obviously this can not always be arranged immediately. Leave the minimum amount for a deposit (never more than 10% ) and make sure you get a signed and dated receipt that clearly states the agreement you have reached.
Kilometres Travelled
- Consider whether the distance shown on the odometer is consistent with the age of the car about (15,000 km per year is typical distance travel for a privately owned car).
For information on a Customs Credit Union Car Loan or more information on buying a car, we have a free booklet to help you in the hunt. "Wheels" is filled with lots of helpful advice and checklists to help you make the right decisions when buying your dream car, download a copy now!
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