7 Things to Know Before Buying A Car
Have you done your research?
- Do as much research as you can. Read consumer guides, get advice from Consumer Affairs Victoria , visit car sale sites, and most importantly, read new and used car reviews.
- Consider what type of car suits your needs. For example, there’s no point buying a 4WD if you never leave the city.
- Think about your car financing and budget. Will you buy a new car? Will you be visiting used car dealerships?
- Always do a vehicle check. Take the prospective vehicle for a test drive.
Is a new or used car better?
- New cars are less likely to present complications and can offer peace of mind.
- New cars usually have improved fuel efficiency but face immediate depreciation.
- A used car can be more affordable.
- A well-maintained used car with regular service history can be a good buy.
How much do you really know about a car’s history?
- Private sales can be risky, so be extra vigilant with car history checks. The online VicRoads registration check is a great place to start. Simply enter the vehicle’s registration and the VicRoads vehicle check will flag any disputes or sanctions associated with the vehicle.
- Consider having your mechanic independently inspect the vehicle
What are your car finance and insurance options?
- Consider all the fees and charges you may have to pay including registration fees, TAC charges, number-plate costs, government motor vehicle duty, dealer delivery charges, a registration transfer fee (for used cars) and luxury car tax.
- Make sure you understand a contract before you sign it.
- Take out at least third party and preferably comprehensive car insurance.
How safe is the vehicle?
- Safety is often overlooked, particularly when buying an older vehicle.
- Used Car Safety Ratings help you find the safest second-hand car for your budget. Consider also how an older car drives. Will you be happy to drive a vehicle that’s less connected to your devices or which doesn’t have a reversing camera?
- There are 5-star ANCAP safety-rated cars available for every taste and budget.
- The ANCAP rating will give you valuable information about the safety of new cars.
What are the car running costs?
- Work out vehicle operating costs, vehicle depreciation, cents per kilometre, or even find out how you compare to the most economical small car.
- Insurance is typically cheaper for common models, along with servicing, tyres and spare parts.
- Consider fuel efficiency as a significant contributor to the cost of running a car.
- Think about regular car servicing costs.
What are your vehicle re-sale prospects?
- Maintain your vehicle in good condition to maximise its for sale price.
- Keep up with regular servicing and use your vehicle logbook.
- Consider neutral-coloured cars over bright ones, as they are easier to resell.
At Macro Auto we are happy to answer any questions so please give us a call 9874 8744.