Car Finance Blog
Finance News, Comments & Advice
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New car buyer beware
As now is the time that car dealerships are offering discounted prices to attract buyers prior to the end of the financial year it is also a time to be sure of what you are buying. Quite often car dealerships hold aged stock and are keen to ensure that this stock is moved.
To ensure that you are buying a new car and not one that has aged, it is wise to check the “build date” plate. The build date is the date that the car has been built and therefore the plate that is used to judge the car’s age. A car may have a build date of 2008 but complied in 2009. You may think that you are buying a new 2009 car but when it comes time to trade this car in further on down the track, the car will be aged as a 2008 year and therefore would have depreciated a further year than what you anticipated.
If you are being sold a car that has a build date of 2008 ensure that you are receiving the very best deal as car dealerships will reduce the price of these cars even further to ensure that they are moved.