Tips for Getting the Best Deal on Buying a New Car

  • Posted 09 Sep

Tips for Getting the Best Deal on Buying a New Car

A new car is a substantial investment that will hopefully bring you peace of mind with years of worry free driving. You’ll be able to choose from hundreds of makes and models and get exactly the options and extras you want. But with all the competition from dozens of manufacturers, car buying can seem intimidating.

The good news is that purchasing a new car doesn’t have to be stressful. Here are some techniques to help you get the car you want at a great price.

Online research

It won’t surprise you to hear that you should do some online research before heading out for a test drive. Once you’ve narrowed down the type of car you plan to buy, you can easily look at the options from various manufacturers by going to their websites. This is a great way to see your options, compare models, and get a general idea of pricing.

Check out the Australian New Car Assessment Program (ANCAP) for independent safety reviews of hundreds of vehicles. You can also read performance reviews to see what the pros and other consumers think about the cars you are considering.

On site research

Once you’ve narrowed your choice down to a few possibilities, you’ll want to visit several dealerships. The best approach is to explore two or three dealerships in nearby towns to narrow down exactly what you want.

Visit the dealership closest to home last, when you know exactly what you want and are ready to negotiate. For convenience sake, it pays to buy from your home dealer if possible. Many brands offer dealer incentives for sales to customers within their designated area, so your local dealer may be highly motivated to make a sale.

But of course you aren’t obligated to work with the nearest dealer if you aren’t happy with the customer service or price negotiations. You’ll still be able to visit the location nearest you for any maintenance and warranty work even if you choose to purchase elsewhere.

Vehicle specifics

Once you’ve chosen your make and model, look at the specific information for the actual car you plan to buy. The first thing you’ll want to check is the build date plate, which can affect resale value. Make sure the new car you are buying was actually built this year, not last year.

Before signing a contract, visit the holding yard if at all possible and see the exact car you are purchasing. Note down the VIN number so you can compare when you pick it up. Beware of contracts that have any leeway about the options you are purchasing. You don’t want to be charged for premium extras if you only want the standard model.

Read the fine print to understand additional fees. Some dealers offer to pay the RTA registration fee, but you’ll still be responsible for third party insurance and stamp duty. You’ll also want to pay attention to dealer delivery fees. If you negotiate a great price but get charged thousands of dollars in delivery fees, you may not come out ahead.

A successful new car purchase is mostly about small details. If you’ve done your research and know exactly what you want, you won’t feel pressured to add extras you don’t needs and you’ll be able to spot and avoid excessive fees.

Australian Credit and Finance helps drivers obtain car loans every day. Contact us and let us help you get the new you’ve been dreaming of.

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