Buying a car is often the second most expensive purchase we will make in our lives, but it doesn’t need to be a stressful exercise. Here’s some tips to take the headache out of buying your next car.
Shop around for a car, don’t just settle for the first one you see because you might get a similar model for less money or with less kilometres at another dealer or through a private sale. Consider car yards, private sales and online.
Ensure the vehicle is unencumbered.
You need to conduct a Personal Properties Security Register (PPSR) search to determine if they is any finance owing on the vehicle.
Beware of Scams and Fraud.
The biggest risks are from fraudulent ads or vehicles that are stolen or written off. So protect yourself and do your checks!
Research the vehicle’s registration status, financial records and whether the vehicle is stolen. This can be done with your state/territory road traffic authority:
- New South Wales, Northern Territory & ACT 
- Victoria 
- Tasmania 
- Queensland 
- South Australia 
- Western Australia 
How much can you afford?
Before buying a car consider how much you can afford  to pay for the car and the running costs; petrol, servicing, registration and insurance.
If you need a car loan , shop around for the loan. Compare interest rates, fees and charges from different financiers to find the best deal, ensure you can make flexible repayments when you can afford it.
Contact the seller.
Contact the seller and ask lots of questions about the car.
Test drive your car.
Make sure you have a thorough look over the car yourself, and best of all, have an independent mechanic or automotive centre, check it out properly. It could save you thousands by revealing mechanical problems and previous damage.
Insuring your car.
Insure your car  when you buy it. Third party personal injury insurance is compulsory and will cover injuries caused to other people if your car is in an accident, without it you cannot register your car. The other types of car insurance include comprehensive insurance and third party property insurance.
^Paul – Lending Services Manager