DEPOSITS: Most vehicles are sold very quickly once advertised, so if you’ve found one you like, you should leave a deposit – $50-$100 is often all that’s necessary.
CONTRACTS: When you sign the contract always sign with the condition that the sale is “subject to finance and satisfactory mechanical inspection.”
CAR VALUE: In the emotion of updating your car, you may convince yourself to pay more than you should! Ask Best Loans to check that the vehicle you’re about to purchase is appropriately priced.
NEGOTIATION: Except for auctions, most cars are advertised at prices well above their true value so don’t be afraid to bargain – you may save thousands.
WARRANTIES: remember there is no 3 month statutory warranty on private purchases but we can arrange a mechanical warranty for you for private or dealer sales. There are conditions so call us for more information on whether your vehicle qualifies for warranty cover.
INSURANCE: If you’re financing your car, be sure to ask Best Loans about including insurance in your contract. Not only will you be covered from the time you drive your car away, but it will most likely save you time and money. Comprehensive insurance is mandatory for a vehicle that is under finance. Some insurance companies do charge you extra to pay by the month instead on annually.
Buying a car isn’t always easy, but we’re happy to help make the process as smooth as possible for you, where possible. Apply online now or call us on 1300-002-190