Buying a new car is always exciting for anyone. However,
often the various opinions and extensive options related to car loans, such as EMI
options, instant loans, etc. make buying
a new car confusing. If you too feel confused about your EMI options or choosing fast
loan cash to pay your car loans, then below are the ten
tips that can help you ensure an easeful new car purchase.
1. Set Your Budget
Though there is fast loan cash for debt consolidation or bad credit, still, when
purchasing a new car make sure to set a budget after considering your
requirements. The last thing you want is to unable to pay for the car you buy
even after going for instant cash loans. Don’t go for the lucrative
offers made by auto manufacturers. Rather, consider the monthly maintenance
cost as well when setting your purchase budget and determine the monthly EMI’s
you can pay.
Also
Read: 10 Easy Ways to Save Money
2. Consider Your
Financing Options
With a range of payment options being there,
know which payment option you’re comfortable with when buying a new car. With
recent studies indicating almost 90% of all car sales in Australia being arranged
through finance, and 61% of this finance is from other sources, there’s
nothing wrong with you opting for finance.
With reliable payday loans online Australia being there as an instant and easy cash-flow solution, opting for a finance option, whether it’s
from the dealer or a private bank, is not at all difficult.
3. Know Your Credit
Score
In Australia, every 1 out of 5 cars is bought
with a car loan. Yes, statistics show that in 2017, around 234,451 cars had car
loans attached with them out of the total sold 1,182,631 new cars. To be
eligible for a car loan, you need a good credit score. Hence, know your credit
score and consider the other loan options like payday loans in case you have a low credit score for buying a
car.
4. Research Well
Always shop around and research well about the
cars you are interested in before walking into a dealership. Buying a car on an
impulse, without proper research, may cause trouble with paying high EMIs
later, though there are payday
loans online Australia available
and even develop dissatisfaction in your purchase decision later.
Top 10 selling cars in Australia – October 2019
1.
Toyota Hilux
2.
Ford Ranger
3.
Hyundai i30
4.
Toyota RAV4
5.
Toyota Corolla
6.
Toyota Landcruiser
7.
Kia Cerato
8.
Mazda CX-5
9.
Hyundai Tucson
10. Nissan X-Trail
5. Compare Prices
The way you compare the interest rates of a loan
or instant cash loans to find the best one, do compare the prices of the
vehicles too. Enquiring about the price of a car in different dealerships as
per its make, model or year of manufacturing simply helps you to negotiate the
car price better.
6. Opt for A Test
Drive
Studies show that 90% of new car buyers opt for
test driving. So, be with the majority and take the time to go for a test drive
to be sure that you feel comfortable in it. A test drive always helps with
inspecting the car better and to be sure that there are no noticeable rattles
or squeaks in it.
7. Know the Value
of Your Trade-Ins
According to an online car dealership, almost
43% of all the car purchases in 2017 included trade-ins. If you too plan to
trade-in your old vehicle when buying a new car, make sure to research its
value in advance instead of relying only on the salesperson, just like you
research about payday
loans in Australia to secure the best deal.
8. Negotiate the
Purchase Terms
You may not negotiate the interest rate of payday loans, but you certainly can the buying terms when purchasing
a new car. Always negotiate the car loan amount, its duration and other terms
associated with the purchase as good negotiation tactics and strategies can
knock down the purchase price considerably.
9. Consider the
Insurance Costs as Well
The cost of insuring your new car is a major
part of its overall price. Hence, when opting for buying a new car and
calculating the monthly instant
loans to pay off your car EMIs,
take into
account the car insurance premiums as well.
10. Be Aware of Your
Rights
Take time to understand the return policies and
warranty packages that come with the car. Knowing your rights as a would-be car
owner and a customer will help you make important decisions like whether you
need to supplement your car warranty or not etc.
Remember, buying
a new car always costs more than purchasing a used one. Hence, make sure to
consider your financing options like auto loans, payday
loans, etc. carefully,
before heading to a dealership.
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