Get the right car, for the right price

You're in the market for a used car, but you don't want to buy a car that's going to break down in a few weeks, right? You're wondering if it's possible to spend less than you would on a new car, and still get something safe and reliable.

Of course it is, but you might have to spend some time researching your options to make sure that you get the most out of the experience. As such, we decided to create this guide to help you get the car you want, and with minimal risk of buying a lemon

First things first:

If you want make sure that you are still happy with your car years down the road (pun intended), it's important to do some research.

How much money are you able to spend?

Ensure that you take the time to work out the total amount you really can afford to pay on a second hand car.

There are a number of websites that can give you a pretty good estimate of how much you would be looking to spend on a specific car. This one for example.

Which kind of financing alternative fits you?

For a good number of people, purchasing a motor vehicle outright using our personal savings is not a possibility, or simply isn’t worthwhile. Fortunately, there are plenty of other available choices with regards to car loans, so it is beneficial to undertake some research.

Commercial hire purchase (CHP):

With a hire purchase, the mortgage company purchases the actual vehicle for your benefit; you are in effect hiring the actual vehicle with the intention buy it from them over a period of time. You can select the vehicle you would like however, you don’t own it until you have paid the final installation.

Chattel Mortgage:

Under a Chattel Mortgage a loan provider provides capital to the client to obtain a motor vehicle and the buyer makes consistent installments.

Novated Lease:

A novated lease is a form of motorized vehicle lease typical around Australia that enables a company to rent a car on behalf of the employee, with all the obligation for that lease lying with the staff member as well as the lease contract payments being made from the worker's pre-tax earnings.

Regular Car Loan:

The major distinctions between unsecured loans and secured car loans are that a unsecured loan can be used for many different reasons however a secured car loan is solely for the intention of investing in a car.

Poor Credit Car Loan:

Bad Credit Car Loans are for individuals amongst us who have had credit score problems in the past. There are a lot of possibilities on the market to individuals who cannot get finances from regular loan providers.

Insurance:

There are lots of variables that determine how much insurance packages will cost from person-to-person car to car. These variables include demographic factors, vehicle related variables as well as driving habits.

Other elements you really should take into consideration:

Security measures:

While motor vehicle theft is decreasing because of suppliers developing vehicles with considerably better security measures, it remains a substantial problem. Because of this, it might pay to check the security status associated with a car you're interested in purchasing.

Safety and security:

While examining the gas mileage, comfort, price and relevant on road expenses is essential, reaching your destination in safety, is pretty much towards the top of the list of things you should check out. Luckily, there are a selection of web sites that help buyers check out the safety ranking of cars they're interested in buying.

Now that you've gotten this far, it's finally time to inspect the car you are interested in buying. This is obviously important, because you need to make sure that there is nothing seriously wrong with the vehicle.

• Make certain the motor runs properly when driving, accelerating and slowing, both on level roads and up hill.
• All gears really should change smoothly down and up.
• Look at the dashboard for any warning lights while keeping track of the heat gauge.
• Pay attention for rattling, or any other body sounds which are unexpected.
• Check out the tailpipe for fumes.
• Test brakes several times. The automobile should not pull to one side.
• Check out the tyres separately. Does each tyre have at least 5mm of tread? Is the wear even?

Hopefully, now that you have gone through this guide, you are in a better position to pay a good price for a motor vehicle that you'd like with very little chance of getting conned, or purchasing a vehicle that will come with unforeseen costs.