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For some, getting a brand new car can be very exciting, but remember to stay calm otherwise you may end up spending way more than you may have anticipated.

These few tips can help you make sure that the vehicle you buy is well within your needs and financial circumstances.

1. What can you borrow?

One of the first things you should look at is whether or not you can borrow what you need to make the purchase. It can be pretty easy to find a list of competitive car loans but make sure that it’s what you want so you don’t end up paying more in debt than you can pay back.

Including the expense of the vehicle in with your budget and remember to include the additional costs you need to make every month, make sure paying for the loan doesn’t leave you short of cash at the end of the month.

2. Try before you buy

When looking for a car, make sure it’s the one you want by actually going to the location and taking it for a test drive.

Making sure the car suits all your needs is one thing but making sure that the particular vehicle you are looking hasn’t got any hidden problems.

3. Don’t buy the first thing you look at

Don’t make the mistake of buying the first thing you look at. Have a look around and see if you can find a better deal on the same car. The market can be pretty competitive sometimes and visiting multiple car yards or looking at different private sellers.

You never know, you may find one better or may find the one you want at the first one.

4. Saving at the end of the month

Sometimes, waiting until the end of the month to go looking for a new vehicle can make it cheaper.

A lot of the time going to a dealer at the end of the month can be better because Salespeople may have a monthly quota to meet and are more willing to give you a better deal so that you walk out with the car you want and they might qualify for bonuses they get.

 

If you have questions regarding motor vehicle finance, please call us on (07)3806 4484 or email us at gday@hannans360.com.au.

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