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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:
- Set a budget.
It is important to know what kind of deposit you can make, as well as what monthly payments you can afford. - Know your credit score.
Your credit score will determine the loans you qualify for. - Do your research.
Look at online reviews of dealerships to avoid a bad experience. - Compare prices.
Gather information not only from different dealerships, but from online services as well. - 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. - Check in with your insurance company.
Sometimes changes in vehicles affect insurance rates. - 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.
