| |
Auto
Loan
Auto Loan
offers the most comprehensive auto purchasing solution,
including:
? Highly competitive interest rates
? Loans for individuals including private sales, but excluding
imported second hand vehicles
? Easy application online or phone us on 1300 136 000
? Mobile consultants for sign-up at home or work, in most areas
? Pre-approved loans allowing you to shop for your vehicle
knowing that your finance is in place
? Extended Warranty and insurance for vehicles purchased
privately, at a motor dealer or auction house
? A Bank Cheque to complete the purchase for private sales
Things you can do next
• Residual Value Estimate based on Taxation Guidelines
• Tips on finding and buying a car
• Insurance and warranty
• Looking to buy a vehicle privately?
• Information about GST
• Car finance calculator
Tips on finding and buying a car
Buying a car is exciting, but there are a few things to
remember. Use this checklist to help you through the process.
1. Obtain your finance. Auto Loan can help you before you
go shopping for a car, this way you know how much you can spend
and will feel more confident in negotiating a better deal from
the vendor.
2. Shop for you car. There are a number of places you can
look for a car, each have their share of advantages and
disadvantages.
New Car Dealers
Generally specializing in a particular brand of car. New car
dealers can also stock used vehicles of the same brand and other
brands which they may have traded-in or purchased from another
source of sale.
A new or used vehicle purchased from a new car dealer often has
a warranty as specified by the manufacturer or the respective
State governments legislative requirements for older vehicles
that have had the manufacturers warranty expire.
Used Car Dealers
Used car dealers vary considerably in size and the stock held.
Vehicles purchased from a used car dealer can be less expensive
than those purchased from new car dealers. A used car dealer may
specialize by make, price or vehicle type, for example a 4WD
specialist.
All dealers both new and used must guarantee good title on a
vehicle sold.
Auctions
Purchasing a vehicle at an Auction can save you up to 7-15% on
the purchase price as most dealers purchase the majority of
their used vehicles from the Auctions.
It is important to note however, the difficulties with
purchasing at an auction:
a. Checking the vehicles condition. Although many of the
vehicles have NRMA inspections or similar you are normally not
allowed to test-drive the vehicle.
b. There are no warranties on vehicles bought at
Auctions.
c. Experience at least one Auction prior to purchasing a
vehicle. This enables you to obtain a reasonable price on the
vehicle/s you are interested in.
Private Purchases
The cheapest method of purchasing a used motor vehicle is to buy
it privately.
Things to look for:
• Some states have a legal requirement for the seller to
provide written proof that the car meets road safety
requirements
• Make sure you test-drive the vehicle
• Obtain a motorists association inspection where possible
• Obtaining clear title is essential. A clearance from REVS
(register of encumbered vehicles) does not in itself provide
good title
• There are the 'backyard' dealers i.e. those individuals who
operate from home and pretend to be private sellers
Car Markets
• Usually a location where private sellers gather together
• Normal conditions include displaying the price of the vehicle
and a current roadworthiness certificate
Information Required Before Apply -
Auto Loan
Age of the vehicle
Make & model of the vehicle
Cubic centimetre capacity
Number of cylinders
Transmission (auto/manual)
Body type (sedan/hatchback/wagon)
Kilometers
Any extras that are non standard with the model e.g. sunroof
air conditioning, alloy wheels etc
Insurance and warranty
Loan Companies offer a number of competitive insurance and
warranty products, that will help you look after your car.
Why not complete the short enquiry form for a quote or to access
additional information on the following:
|
