NEW C Here’s what t
In the market for a new set of wheels? Now might be the perfect time to look into a new vehicle, as car dealers will be looking to get rid of stock that has sat in the showroom during COVID-19 in order to make way for new models. How do you negotiate a great deal? Read on.
WEIGH UP THE COSTS
Can’t decide on new or used? You’ll have noticed used cars are a lot cheaper, but you might not be able to get a competitive loan to buy one. Another minus of used cars? You don’t get the new car warranty. However, used might be a better deal if you buy near-new. According to the NRMA, new cars typically lose around 30 per cent of their value in the first three years. Some lose more than this, while other popular models (private sales, not fleet models) often lose less. As a result, it’s possible to save a lot of money on a newish second-hand car.
GET THE RIGHT CAR LOAN
Don’t automatically get your loan from the car dealership where you wish to buy your car; it might not be the best deal for you. Speak to a finance broker – like a mortgage broker – as they have access to numerous lenders and can usually get you a better deal. And be sure to do your research online first by comparing loans, as there are a number of options available from a secured car loan to hire purchase. Compare at finder.com.au
When purchasing a second-hand car for first-time drivers, look beyond the price and research the safety rating. Check your insurance and make sure all drivers are covered.
Tuff Bounce 10ft Safe Spring Trampoline, $499, bunnings.com.au
Hip Kids Mud kitchen, $249.95, hipkids. com.au
H2OGO! Lil’ Champ play centre inflatable pool set, $69, target.com.au