It is quite exciting knowing you will be driving around in a new vehicle, however have you really thought about whether it’s worth purchasing a brand new vehicle? Yes, surely you will be the very first owner, but is it really worth it?

If you have money to spare go for it! These days you can purchase a vehicle that is only a few years old and majority of these cars are as good as new and there are hundreds to choose from (i.e. Mazda 6, Holden Commodore, Toyota Yaris, Honda Accord). At the end of the day each car has the same features and performance levels, the only difference is the price you pay.

Another target market that would suit the category “used cars”, are new drivers. Statistics reveal that young and new drivers have a higher chance of being in a car accident or will bump their car here and there unintentionally. Why pay for a new car knowing that the moment you drive away from the dealer the price will drop a few thousand.

Where to find your next purchase?

The two broad categories you can start searching is either online websites or pop in to your local dealership. It would be ideal to begin at a dealership where you can see a range of vehicles, to choose what model suits you best and this also allows you to see what prices are applicable for each.

Having a few models in mind will guide you in the right direction. If you decide to purchase through a dealer, that is great! But remember to negotiate a price that you are satisfied with, get your moneys worth.

If you choose to buy through a private sale, you will need to undertake extensive research in finding the best option. That is, the right model, color, low kilometers and to check whether the car has been completely paid off from any previous loan.

For more information on what rates and loan terms are currently available contact Natloans on 1300 955 791.

Technorati Tags: Buying a car, buying first car, car dealerships, car finance

Hitting 18 is quite an exciting stage of people’s lives, especially when you have just received your license! Then it’s the matter of finding the ideal car and the money to purchase it.

As a first car buyer you need to take the time to understand the process that is undertaken in financing a car. It is ideal for you to pre-plan what exactly you are looking for and think about how you are going to pay for this asset. Consultants are easy to contact at finance companies and will be more than happy to have a chat to you about the most appropriate way for financing your car.

You have two options, either pay the car in cash or finance it! If you have pre-planned carefully and have saved a fair bit you will have no issue in finding the finance. However, if you cannot come up with all the money a deposit may help you in financing less, which means you can pay your car off faster!

What to keep in mind?

1. If you are unemployed it will be very difficult to get a loan
2. Maintain a good credit file, financiers will check that:

-       You haven’t overdrawn on your bank account

-       That you have a consistent cash flow every week

1. Being able to prove that you can pay off a loan, perhaps a phone bill or a small bank loan. This should be done before applying for a loan.
2. If you don’t have enough capacity to take out a loan yourself, you may need a family member to go on the loan with you as a guarantor. This reassures the financier that the loan will be repaid by them if you fail to do so.

For more information how to go about taking out your first loan, contact Natloans on 1300 955 791 or visit www.natloans.com.au and our consultants will be more than happy to have a chat.

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Are you thinking of buying a new car? Before you sign any contracts or pay one dollar you should consider various points. You want to be buying a car that is within your budget and most importantly suits your needs.

What should you keep in mind when shopping for a from a car dealer?

1. Remember to do your homework, read reviews, speak to your mechanic and any friends that have the same car. They will give you an honest opinion.
2. Decide on a budget and seek for a pre-approval before you even think about finding a car, you want to know that the finance is there when you find the perfect package.
3. If your buying from a dealer does not get persuaded by their discounts in purchasing another vehicle you know nothing about!
4. Pay a professional to inspect your car if it’s not brand new! Various companies offer this service, specifically for the pre-purchase of your car. An engine test and a road test is taken out and you receive a detailed report in order to guide you in making your decision.
5. Do not pay a deposit unless you are certain the car is in excellent condition.

How about private sales?

1. Check that the car is paid off! The only service “Register of Encumbered Vehicles” will provide you with a certificate that there is no money owing on the car.
2. Have your car examined by your local mechanic; you don’t want your purchase to be faulty!
3. Be sure that the owner is who they claim they are, in case it is a stolen vehicle.
4. Negotiate a fair price with the owner.
5. Take the care on a test drive!

Take the time to examine your car thoroughly, taking on necessary tests and measures so that you can be satisfied with your purchase. You don’t want to be buying someone else’s problems and having to pay another that much to fix mechanical problems!

Technorati Tags: Buying a car, car buying tips, car finance, tips to buying a car