Congratulations!
You've made the decision to buy a car.
Whether you're buying your first car, a new family car or a luxury upgrade, you’ll still need to go through the same buying process and we're here to help!
Here, you'll find everything you need to know about buying a car, including:
- affordability
- making your purchase
-
car insurance
- other considerations and extras.
Need extra funds?
We've got a range of personal loans to help you out, including a new car loan and a used car loan.
Managing your loan
With our personal loans, you can make extra repayments or lump sum repayments which help to pay your loan off sooner and save on interest. Plus, if you need to, you can redraw the extra repayments, as long as you remain one payment in advance.
Tips
- consider saving a cash deposit to bring down the loan amount
- don’t get trapped! Have your finances locked in before you start looking for your new car
- shop around for the best rates on loans and be wary of easy finance options offered by some dealerships.
Call us today to discuss how a personal loan can help you get the car you want.
We can make this part easy.
Teachers Car Buying Service will do the research, negotiating and checking for you. Call us today to see if they service your area.
If you are car hunting yourself, research is the key. Know the market price, reliability, running and maintenance costs in advance. Consider some key questions, such as:
- will it provide what I need? Will it be cheap to run, big enough for the family, great for long road trips?
- will I feel comfortable and safe driving it?
- is it going to be reliable and cheap to fix? Is it under warranty, does it have a detailed service record?
- does it have air conditioning, CD player or tow bar? Other features you want?
- will the insurance and registration costs be reasonable?
- what will its impact be on the environment?
Protect yourself...
in the event of an accident.
We can provide you with different insurance policies, including:
Explore different insurance options to find the best one for you.
Additional costs
Once you get over the purchase, there are quite a few expenses associated with running and maintaining your new car. These include:
- registration and transfer of registration
- stamp duty
- extended warranty
- dealer administration costs
- additional options including window tinting or electric windows
- immediate requirements of a used car; such as new tyres or service
- vehicle checks - REVS, valuation, road tests etc.
Other considerations
- purchasing an NRMA CarWise Report will tell you if there is any finance owing or it's stolen, road tests, recalls and common faults or defects.
Alternatives
- car sharing - search the internet for a car sharing syndicate in your state
- walking or public transport - improving not only your health but your environmental footprint too!