[PT2021] Top 5 tips you should consider when Buying a New Car

[IOS 20]

Top 5 tips you should consider when Buying a New Car

Besides the purchase of a house, buying a new car will be one of the most
significant purchases in your life. It can be an exciting event but also
can be a little daunting for first time buyers. Use the following tips to
ensure your new vehicle purchase will be hassle free.

1. What is my budget?

So you know roughly what type of car you are looking for, now you need to
calculate how much you can afford and how much you can borrow. Consider
your monthly grocery bills, gym membership, phone, rent etc and running
costs for your new car (fuel, insurance, tyres) and calculate these into
your budget. You don’t want to borrow more than you personally can afford
to repay. Its easy to get carried away with a new car purchase, so it’s
important to stick as close as you can to your budget.

2. Pre Approved Finance

Having a pre-approval before you start your car selection enables you to
know your limit of your borrowing ability upfront. Not only will this give
you confidence when you are looking at vehicles but also gives you some
negotiating power with the seller. Sellers do not like “tyre kickers”, so
by organizing finance pre approval, you are showing the seller that you are
a genuine buyer.

To arrange pre-approval today, call Approved Car Loans today on 1300 422
756 or visit our website at www.approvedcarloans.com.au.

3. The Shortlist

Now you have pre approved finance, shortlist a few vehicles that fit within
your budget. Its important to have a through look at whats out there before
buying a used car. To get an idea of a models current market price, spend
some time searching used car ads, reading online reviews and checking the
local paper. If something seems too good to be true, it probably is.

4. Inspect the vehicle

Inspect the vehicle and always test drive the car before committing to the
purchase. For further peace of mind, have the car inspected by an
independent mechanic. Don’t feel pressured into purchasing the vehicle
right there on the spot, it may be worthwhile visiting a few dealers first,
even if you find exactly what you want at the first dealership.

5. Make an offer

It’s the old adage, you never receive if you never ask. Don’t be afraid to
ask for a discount on the drive away price. The worse thing the dealer can
say is no. If you don’t receive a discount, ask for longer rego or extended
warranty.
https://www.approvedcarloans.com.au/car-finance/brisbane
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