If you’re new to cars or the new car market simply doesn’t have what you’re looking for, used cars are the way to go. In many cases, the used car dealer market gives you a larger range to choose from. The advantage is that you will be buying from a licensed seller that will put their certified stamp of approval on any vehicle which they sell. How can you maximise the potential from buying used cars from a car dealer in Adelaide? Just follow these tips!
1. Setting a budget and getting pre-approval
Unless you have the cash to buy a car outright, you’ll need car finance. You should set a solid budget for your car, after you’ve determined what your car needs and what you don’t need. One tip is to get loan pre-approval (also known as in-principle approval) so you have an absolute price limit. This gives you an edge in negotiation, as you are unable to spend over your pre-approval limit. Most Car Dealers will have an in house financing solution for their stock so ask your dealer about finance and getting pre-approved.
2. Do your homework
If you’ve looked through some online classifieds or specialist used car trade magazines, you should do a bit of a background check on your shortlist of vehicles. You should meet the seller and ask as many questions as possible. Your seller should be able to produce:
- The car’s roadworthy certificate (RWC),
- Logbooks and repair history, and:
- Registration and ownership papers.
If a seller can’t give you even one of those, you should walk away. You should also ask your seller how many owners, how many KMs it has on the odometer, if the car has any existing internal damage, if it’s had any wiring or electrical problems and when it’s last schedule service was conducted.
3. Insist on a test drive
You should insist on a test drive before committing to buy. This will allow you to see how the car handles, if it requires any engine or bodywork, if the brakes and steering are up to scratch and if the internal wiring and electrics are all in working order. This avoids heartache after you’ve bought the car, finding out things aren’t all as they seem.
4. Get on top of your stamp duty and insurance
After you’ve made a decision and decided to buy, you should get your paperwork and insurance organised. You will have to pay stamp duty on your vehicle, remembering stamp duty in South Australia varies if you’re buying a car for commercial or private purposes. It’s your responsibility to pay stamp duty to RevenueSA. Your certified car dealer will assist in organising payment of stamp duty but Click below for links on stamp duty calculators