Buying Your First Car

shutterstock_53446393Are your parents tightening up on how much you can use their car? Then it’s time my friend to bite the bullet and get your own. While this may seem a daunting task, here are a few practical things that will help you to win in the world of purchasing a pre loved automobile.

Consider the whole price:The owner may be asking $3,600 for the car, but it may not include a Road worthy certificate, this alone could cost you between $200-$1500. The roads authorities in your state will charge you a fee to transfer the car into your name which for a $4,000 car will cost you approximately $250. Not to mention insurance, this will cost you approximately $400 per year for third party. So at the very least you will need to pay $650 above the asking price to get your car on the road.

Be wise:Unless it’s a vintage car, cars do not increase in value. While you want to get something that meets your needs and suits your personality, be aware that at the end of the day cars take your money they do not make you money. If you’re considering financing a car or getting a personal loan, definitely err on the side of the least amount you have to pay back the better.

Where to find them: While you may search for cars in the local paper, most often both dealerships and private sellers use www.carsales.com.au or www.drive.com.au. You can search for cars on eBay but be aware that most cars on eBay do not come with a road worthy certificate.

Take a spotter:When checking out your newshutterstock_15122191 sweet ride to be, make sure to take someone along with you. A fresh set of eyes will be able to point out faults in the car that you may overlook in the euphoria of the moment.

Things to ask the seller:The more that you can find out about the history of the car the better. Ask things like, can I see the service history booklet? When were the brakes changed last? Has this car been in a major accident? How much tread is left in the tyres and does this car come with a Road worthy certificate.

Danger signs:If you notice traces of water on the inside of the engine cap, noises from the back end of the car when you change gears, that a magnet doesn’t stick to the car body or that the gears do not change smoothly. It’s probably best to keep looking because these signs point to problems which could cost you a lot of money.

Taking that step and buying your first car is incredibly exciting, and it doesn’t need to be such a daunting process. Simply be wise, look in the right place, take a friend and ask the right questions and you’ll be on your way to fun filled motoring in no time.

Article by Raymond Mitchell 20/09/11

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