Looking to finance a Motor Vehicle. It is often an emotional purchase, so try to plan before stepping into a car yard.
Be realistic. How much can you easily afford each month?
Do you need ‘bells and whistles’ such as Sickness and Unemployment Insurance, Gap Insurance? These are all very well, but do you really need them? If you are considering adding them to your cost, you should also read the fine print on any of these policies. They can be good options, but important to know what you are signing.
Researching the type of vehicle you are looking for can also be done on the internet. Things such as fuel consumption, towing capacity and so on are all available on various websites such as carsales.com.au.
You may be looking to purchase a Used vehicle – the same rules apply. However, you do have more protection if purchasing from a Registered Dealer. If you have a specific vehicle in mind, a local Dealer will often be able to source one for you.
If you find a vehicle being sold privately, you must do an inspection to ensure the Vin has not been tampered with and all ID numbers match the Registration Papers. Once this is done, you will need to search the PPSR register www.ppsr.gov.au to ascertain if there are any charges registered over the vehicle.
We are always happy to provide anyone with a comparative quote, to be sure you are getting a good deal. Always compare payments, not interest rates.
Remember that you may keep your car for 5 years, so you want to be sure you have the right car and finance package.