More than one million new cars are sold in Australia each year. And while the new car market continues to grow steadily, the second-hand vehicle market still reigns supreme, with over 3 million units sold annually. As a private car buyer, you may be planning to get a sweet new ride, whether brand-new or used. So what are some things you should keep in mind before closing a deal?
Here are some tips every private car buyer should remember:
- Consider your financing options
If you plan to buy from a dealership, know the kinds of deport you can put down and the most suitable monthly payments for your financial capability.
Estimate your repayments on a secured loan using a car loan calculator, allowing you to set different rates, terms, and the amount of money you’d like to borrow. You can also refer to Canstar’s car loan comparison tool, which gives you a side-by-side assessment of the terms offered by leading lending institutions in Australia.
- Get to know the current used car prices
Have an estimate of a car's worth on the market, new or used. This way, you can easily avoid sellers setting unreasonably high asking prices, reducing the risk of scams.
Red Book Australia provides an in-depth overview of used and new vehicle prices in the country, with estimates for almost every make, model, and year.
- Check the car’s history
If you’re buying used, run a vehicle history report. First, ask the seller for the car’s vehicle identification number (VIN) and run it through Check My Rego or VinDocs.
A vehicle history report will alert you to any potential issue a car may have, such as a history of accidents or a salvage title. If your dealer or seller refuses to provide a car’s VIN, it may be a red flag.
- Ask for a vehicle inspection
In some cases, a car may have unreported accidents or issues. To ensure you know all its problems, consider going to a mechanic. A quick vehicle inspection will reveal potential issues, including leaks and engine failure.
- Schedule a test drive
Of course, you’ll never know the true workings of a car with just an inspection and a vehicle history report. If you want to ensure it is the right car for you, find time for a test drive.
Test drives will ensure that a car is working well and help you determine if the vehicle has enough legroom and visibility as you drive.
What if the roles were reversed, and you were looking for a private car buyer? As the seller, you must ensure that your vehicle is advertised honestly. Moreover, search for a reliable private car buyer in Australia, such as Metal Force Recycling.
Metal Force Recycling is a licensed car removal company in Sydney, offering up to $9000 for used, damaged, junk, and unwanted vehicles. Not only that but we also provide free pick-up services across the city, making your selling journey more convenient.
You can contact us at 0403 191 732 to obtain a free quote and schedule your pick-up as soon as possible!
About The Author
Metal Force Recycling is a licensed Scrap Metal & Car Removal company that has been in the business for over ten years now. Yasin Azimi, the Chief Operations Manager at Metal Force Recycling is a professional scrap metal merchant in Sydney; dealing in all types of scrap metals & car removal services. He tries to assist you with his years of expertise in paying the best possible cash for unwanted scrap metal and junk car removal. This company also offers reliable service and instant cash coupled with a transparent and hassle-free process. In addition, Yasin Azimi provides you with the best deals that you won't find in any other scrap metal & vehicle removal company!
0
