5 things you need to know before buying a car

Buying a car is one of the most important decisions of our lives. When buying a car there are a few things you need to look for prior to putting money down. Failing to check one little thing could potentially cost you thousands.

Shop for cars has put together a quick guide on the 5 things you need to know before buying a car.

1. Research

One of the major things many car buyers fail to do is research the market. This often leads to them buying the wrong car or paying more for a car then they could have.

Car buyers must research the following information before buying a car.

  • Make and Model
  • Kilometres on the car
  • Features available on the market
  • Prices that similar cars are selling for
  • Safety recalls
  • Vehicle reviews
  • Availability

Doing the research before buying a car will save you so much money in the long run and will minimise the risks of buying a lemon or paying too much for a vehicle. 

2. Pre-approval

Many car buyers fall into the trap of looking for a car without realising their borrowing capacity. Before looking for a car it is highly recommended that you seek pre-approval from a finance provider.

Pre-approval for a car loan is when a bank or finance lender approves an amount you can borrow.

The benefit of getting pre-approval is that it speeds up your buying process and makes you aware of your budget limitations prior to you undertaking your car search.

Car Finance

3. Car History Check

Conducting a Car History check gives you all information about the history of the car, the stolen/written off status, and most importantly any finance owing on the vehicle.

If you are buying a car from a dealership all you need to do is request it from the dealer prior to purchase. Many dealerships will provide you with the report free of charge. 

4. External Engine Inspection

Before putting any money down on a car, it is highly recommended that you have a third-party mechanic assess the car and the engine condition. Mechanics can assess the vehicles engine for any minor faults or engine issues. Failing to do this could cost you thousands in future service or maintenance costs.

5. Test Drive

Sure, sometimes you may love everything about a car but when you eventually get to drive it, it may not meet your expectations. Before buying a car, you must conduct multiple test drives to see if the car meets your expectations and fits your purpose.

Sell My Car

Final Word,

Buying a car is a stressful process but failing to prepare yourself could cost you thousands in the long run. Before buying any car, it is strongly advised that you conduct significant research on the car you are buying and have the car assessed by a third party prior to purchasing.

About Shop for Cars,

Shop for Cars is Australia’s first car dealership-only online classified. Shop for Cars brings you the best quality new and used vehicles from trusted motor dealers Australia wide. Shop for Cars currently has over 12,500 cars listed for sale all from licensed Motor Vehicle Dealers ONLY.

Click here to begin your search.

DISCLAIMER: This is based on opinion. Please research and consult with all relevant parties to make the best buying decision.