Congratulations – you have finally found the car make, model and year that you want to take home and use for the next few years. The question is, how do you go about securing the deal?
The first thing you need to do is educate yourself on the basics of choosing among the many used cars for sale you will find in the Auckland market. Having a guide to follow will help you navigate the buying process with less confusion, which will then allow you to make an informed decision.
Secure a car financing deal
As much as 80% of car buyers in New Zealand pay for their purchases with the help of a financing service, commonly known as a car loan. Depending on your source of income and the amount you have saved, you may choose a repayment term of anywhere between 12 and 60 months. Make sure you compare as many offers as you can, as the loan’s interest rate greatly influences the overall costs.
Conduct the necessary history check, valuation and inspection
The last thing you want is to sign a loan contract for a car that will just give you headaches in the future. As such, take the time to learn as much as you can about the vehicle before you sign the sale agreement. History checks, valuation and inspections are a must, especially in the used car buying market.
Do not forget to factor in insurance
An insurance policy, which includes comprehensive third party fire and theft extension, as well as mechanical breakdown coverage, will help you protect not just yourself and your finances, but also the people that you share the roads with.
As long as you follow this simple guide to buying a used car, you can increase your chances of securing the best possible deal for your needs.