Having a pre-approval before you start your car selection enables you to know your limit of your borrowing ability upfront. Not only will this give you confidence when you are looking at vehicles but also gives you some negotiating power with the seller. Sellers do not like “tyre kickers”, so by organizing finance pre approval, you are showing the seller that you are a genuine buyer.
To arrange pre-approval today, call Approved Car Loans today on 1300 422 756 or visit our website at www.approvedcarloans.com.au.
3. The Shortlist
Now you have pre approved finance, shortlist a few vehicles that fit within your budget. Its important to have a through look at whats out there before buying a used car. To get an idea of a models current market price, spend some time searching used car ads, reading online reviews and checking the local paper. If something seems too good to be true, it probably is.
4. Inspect the vehicle
Inspect the vehicle and always test drive the car before committing to the purchase. For further peace of mind, have the car inspected by an independent mechanic. Don’t feel pressured into purchasing the vehicle right there on the spot, it may be worthwhile visiting a few dealers first, even if you find exactly what you want at the first dealership.
5. Make an offer
It’s the old adage, you never receive if you never ask. Don’t be afraid to ask for a discount on the drive away price. The worse thing the dealer can say is no. If you don’t receive a discount, ask for longer rego or extended warranty.