Are you planning to buy a new car? Well, that’s indeed a fantastic decision, and you MUST put your best step forward to see you have the best deal to close.
Well, it is essential that before you go for your choice, you have an idea about how you will be financing your purchase. You may look for a full cash deal, or have a bank loan. You may also look for getting the car directly from the dealer, using the car finance schemes like hire purchase, car leasing or a car loan. Whatever you do, you need to make a few steps to ensure a safe and cheap new car purchase.
Determining the Budget
You need to determine whether you can buy a new car straightaway, or you will have to use a car finance scheme. In case you have to opt for finance, you need to ascertain your monthly budget.
Determining the tenure of using the new car
Some people would buy a new car in Sydney only to sell it off in 2 to 3 years. Others would like to keep their car a little longer – maybe for 5 to 10 years, ensuring that they get most of their money back.
Conversely, if you are looking for an expensive car or an upmarket one and you do not have enough cash to purchase, then opting for car finance is the right decision. In case you want to retain the car for 5 years or more, then choosing a hire purchase can be the best step forward.
Again, if you are looking to change it in 3 to 4 years, then leasing a car can be the best option. It can save you up to 50 per cent, compared to hire purchase or car loan. Therefore, it is essential that you keep into consideration the number of years before you purchase a new car.
So, when it comes to the new car deals in Sydney, you need to maintain the following steps chronologically.
- Listing your requirements
- Finalising your Budget
- Conducting a thorough research
- Approaching a dealership
- Taking a test drive of the vehicle
- Going through the online reviews by existing customers
- Consulting the existing owners, if possible
- Getting a quote from the dealership
- Inquiring about offers and discounts
- Finally, sealing the deal
Get in touch with a broker, if you are not that confident in finalising the deal. The professional will help you in getting the right deal that will justify your budget and fulfil your need.