Purchasing a new or used car can be confusing and stressful but with these car finance tips you will be better prepared.

Budget – Ensure that you set a budget and stick to it, otherwise you may end up financing more than you can afford. 

Research – Once you have established the type of car you require for your needs, look on the internet for comparative prices. You can do this using redbook, cars advertised privately or through a dealer. Also ask for advice from friends as to whether they know if the car is fuel efficient and runs well.

Finance – Arrange your car finance. It is advisable to look on the internet for a car finance product as specialist car financiers have access to a wider range of car loans. Use our car finance calculator to get the best car finance deal for you. We can help you get the cheapest car finance from a selection of Australia’s leading financiers.

Test Drive – You must always test drive the car to ensure it runs smoothly. Take the car on the freeway to see it can handle 100km okay. Check that everything is in working order, such as the handling of the car and all electrics. Start the car from cold to make sure it starts first time.

Negotiate – Negotiating should always be done face to face so you can see if the seller is trying to hide something. Once you are satisfied with the price, take 5 minutes to think it over with a friend or a partner, that way you know you are not rushing into a decision.

Accessories – Make sure you are in receipt of the warranties, registration and service books so you can check the history of the car. A spare key should also come with the car as it is costly to have a spare made up.