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Resources & Tools

7 Important Tips For Buying A Car

Getting a new car is very exciting, but many consumers understandably get anxious about the buying experience.
ACCC explains what consumers should know before buying a car:

  1. Set a budget.
    It is important to know what kind of deposit you can make, as well as what monthly payments you can afford.
  2. Know your credit score.
    Your credit score will determine the loans you qualify for.
  3. Do your research.
    Look at online reviews of dealerships to avoid a bad experience.
  4. Compare prices.
    Gather information not only from different dealerships, but from online services as well.
  5. Decide if you want to buy new or used.
    Used cars may be more affordable upfront, but may cost more in the long run due to maintenance and repairs.
  6. Check in with your insurance company.
    Sometimes changes in vehicles affect insurance rates.
  7. Know when you can get the best deals.
    Car dealers work on a month to month basis, so you may be able to get better deals at the end of the month.
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