Considerations When Buying a Car
Most car salespeople will put you under pressure to leave their lot with a purchased vehicle, so it’s important to have the right information about cars before you approach them. Buying a new or used car in Australia be a challenging experience, and you may find yourself with the wrong car or the worst deal of your life.
Here are five factors to consider before buying a car:
Think about the available financing options
Before you visit any car dealership, be sure to assess the different financing options available in Australia and the kind of deposit and monthly payments you can afford. Also, check out the various auto loans available to see what you qualify for. Have your own financing options in place before you approach the car dealer. This puts you in a much better position without negotiating with both the salesperson and the in-house finance person. The best practice is to compare offers from different lenders and choose the most appropriate one for you.
Check with different car dealers for the prices of your preferred brand, and compare. Purchasing a vehicle is a substantial investment that requires time and research to get everything right. You’ll be able to negotiate a better deal if you know the price range for your specific car. Without this knowledge, dealers will want to get the most out of you.
Know your rights
Before you approach your car dealer, it’s essential to know what you’re entitled to as a car buyer. Be familiar with the warranty package and return policies and all their conditions. If they aren’t friendly, it’s time to take a walk and consider another dealership. Also, find out if you can supplement the warranty or if there is a lemon law in your state since it isn’t available in all states. Be sure to obtain this information before committing to the purchase.
Determine your needs
Establish what you need for the vehicle you want to purchase from the onset. Start by making a list of the non-negotiables, such as safety features, fuel consumption and vehicle size. Then list everything else you want but are not so important, such as technology add-ons and other conveniences. A compilation of both the non-negotiable and the extra features will help you choose a car that suits your needs.
Research the best brands
Once you establish the car’s features you want, the next thing is to research the best brands and models. You may want to check out reviews from different sites or walk out and talk to people in your neighbourhood with similar vehicles. Remember to balance your expectations with what you can afford.
Need a reliable car financing partner?
Once you have all the information and are ready to purchase a car that meets your expectations, you need to find a reliable car financier. You may consider partnering with us at Ezilend, a specialised financial consultancy for your new or used vehicle in Australia. We make everything a breeze with a keen eye on customer satisfaction. If you need a car loan, please contact us today.