Â Recently, after a long period of saving from every pay day, I bought a new car. In the process of buying a car, I realised that itâ€™s not very common to walk into a car yard on the first day of deciding to buy a new car, and pick one that you want straight away. Â For starters, thereâ€™s a lot of difference between a Porsche and a Commodore, including in the price tag. Thereâ€™s also other things to sort out before, during and after the purchase. So I started putting together stuff that I needed to do and/or consider when buying a car:
First priority â€“ what did I want in a car? How many km should it have? Whatâ€™s my main purpose for it â€“ do I need to take it off-road, or it is just highway and city driving? 3 door of 5? Diesel or petrol? Manual or auto? Trying to decide what you want in the first place can be the hardest bit! Test driving a couple of cars can really help â€“ driving a friendâ€™s car helped me decide on the model I wanted.
Second priority â€“ whatâ€™s my price range? Do I want to pay up front (save the money first) or get a loan? For me, I saved up for my car which meant that it took a little longer to get, but I wasnâ€™t paying loans back for the next 3 years.
Once you find a car â€“ test drive time! Take it on the highway, the little streets. Pull over somewhere and inspect it for scratches, space â€“ it might even be worth jumping in the backseat to see what itâ€™s like! If the car isnâ€™t located near you, see if you can get someone you know to test it for you.
Do vehicle checks. There are a number of checks you can do for vehicles online â€“ registration checks for each Australian state are free, and tell you whether the vehicle is registered, written off etc. (just google your state + rego check). There is another check that costs $3-4 (from memory) called the PPSR (www.ppsr.gov.au), which can be worth doing as it tells you whether there is finance owing on the car as well as some other important details. You can also get inspections done â€“ for me personally, this step depends on the car you are buying. As a not car-type of person, even just getting advice from a friend who was a mechanic was useful.
Buy it! Yay! My dad recommended using bank cheques to purchase my vehicle as we went through a private seller, which gives you comfort of mind knowing that you have a record that the seller was paid, and gives you a way of ensuring that both of you end up with what you expected (me a car, them money).
Get insurance â€“ either third party, third party fire and theft, or comprehensive (as the general main categories).
Transfer the rego. In Tasmania, this step costs approximately $300, so worth noting when thinking about the purchase of the car!
If you get to this stage, you are probably looking at a somewhat empty bank account but a shiny new car. Congratulations! If you are anything like me, you will go on plenty of new adventures in your new little (or big) car.