Thanks to Heather for contributing an article!
Buying a car when you’re in a different country can be an exciting but difficult process. While you can get access to cars that you may have never seen anywhere else, you’ll also have to deal with different buying guidelines and regulations – plus, it can be hard to weigh up all your options if you don’t know about the second hand market or financing.
Australia has a great car market, but to take full advantage of all the possibilities, you need to know the ins and outs of the buying process. When you plan to buy a car in Australia, make sure you keep these three things in mind.
Explore all avenues
Australia is a large country, so if you’re planning to buy a car, keep in mind that there are many places that you can find your perfect car. Car dealers are an obvious choice for new cars, and importers may offer you a model that you actually want; if you are looking for a second hand car, however, you are in much more luck.
There are many places that you can find second hand cars in Australia, whether it’s through car dealerships, advertisements in the newspaper, or online where websites such as Gumtree and carsales.com.au have a wide range of models and sellers at your price range. A word of caution, though: if buying second hand, you should inspect the car for any particular malfunctions that may occur, as well as being aware of state laws regarding registration. If in doubt, bring a friend along and get them to check the papers for you!
Financing your car
If you’ve found a legally obtained car in great condition, there is still the question of how you are going to afford this. It’s doubtful that you will have $50,000 cash in hand, so don’t be afraid to explore your options with regards to car loans. There are a variety of outlets and options when financing your car, but, as a rule of thumb, you should be aware that the most convenient option – that is, financing at the dealership – will not be the wisest option, as you may be subjected to uncompetitive rates and pressure for add-ons that you’ll find you can’t afford. A bank is perhaps the safest option, and, while this may be less convenient, it’s well worth it. You could also turn to private financing institutions, but these vary too much to be able to say something substantial for them. Do your research in Australia, and look for the most attractive option to you.
Research, research, research!
The more you research your options, the better off you will be. Remember, if you can take the time to look at equivalent options, whether for cars or for financing, you can drive a hard bargain and, soon enough, your dream car around the Outback.
It can be difficult settling into a new country, but if you take a little extra time to find out what Australia’s car market is like, you will be the ultimate benefactor.