Whether you're in the market for your first car or upgrading to something new, here's a step-by-step guide to help you get behind the wheel sooner.
Start by considering your specific needs and what features are non-negotiable. Being clear on your needs before you start shopping could help streamline your search.
Determining your budget is an important step when purchasing a car. Beyond the upfront price tag, keep in mind the other costs associated with buying and maintaining a vehicle including registration, servicing and insurance.
A car loan could be a great option to help put you in the driver’s seat sooner. If you’re looking to compare preferred loan amounts, interest rates and payment frequencies, a car loan repayment calculator can be a useful tool.
Rather than waiting until you find your perfect ride to think about your lending options, consider getting car loan pre-approval first. This can help give you a clear idea of what you can afford to make for an efficient buying process.
When it comes to choosing a car, be aware that the age and type of vehicle can impact your borrowing capacity and loan terms. Consider chatting with a lending expert to help explore your options.
When buying through private sale, check the seller has all the necessary paperwork including proof of ownership and a Certificate of Roadworthiness. Don’t forget to check the Personal Property Securities Register (PPSR) to ensure the car isn’t still under finance.
If you’ve already secured pre-approval, finalising your purchase at a dealership is usually straightforward. If you don’t yet have pre-approval, you may need lending support before you get on your way.
It’s never too early in your journey to enlist an expert. From budgeting for repayments to securing pre-approval, a Liberty Adviser could help you drive away.
Reach out to your local Liberty Adviser today to start exploring your car ownership options.
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