car finance melbourne

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Buying a new or used car can be a daunting experience and quite traumatic. With a new car, it can lose value as soon as you cross the kerb from the dealership ( up to 20% ) but you will probably get a 3-5 year Car Warranty which will give you peace of mind. Used cars are generally cheaper, but unless the car comes with the service books, you may not know the full history of the car.

Here are 5 handy tips to help you find the right car:

1. How Much Can I Borrow?

Firstly, work out what your weekly budget is. If you have some cash saved and put it towards the purchase, it will help you to obtain an approval easier and borrow a little bit more. After you have done this, contact on 1300 000 326 and our helpful staff will work out how much you will be approved for and what your weekly payments will be with some Insurance products included to protect you and the car. We can actually have you fully  approved with the year of the car, make and model so that will give you more bargaining power to get a better price knowing your Finance Approval is in place.

2. Find The Car You Want To Buy.

So, you have an approval for a car, what’s next? You can go to a dealer or look at buying a car from a private seller. There are a number of different websites such as Car sales, Gumtree, Drive, CarPoint, Trading Post or even the local paper. Once you have located the car, speak to the seller and ask lots of questions. Find out how long they have had the car, why they are selling, if there has been any mechanical problems and will it come with a Roadworthy Certificate (RWC).

3. Check the Car Out

Have a look at the car you want to buy during daylight hours so you can see if there are any dints or scratches on it. Go to the seller’s house to view the car, make sure the registration papers are in the sellers name and ensure the odometer is the same as the advert. Ask the seller if there is any Warranty left on the car, if not, don’t worry because saveoncarloans can put a 3 or 5 year Warranty on the car which will cover all components of the engine ,electrical, fuel, air conditioning and many more components that will cover your car if it breaks down.

4. Test Drive the Car

Listen to the car for any noises, always take someone else with you to check if the steering and suspension feels right. Drive the car on different kinds of roads and different speeds, ensuring you stay well under the speed limit. Ask your friend what sort of feel the car gave them, every car is different but you will know when you get in the car that is made for you!!

5. Negotiate Price

Don’t be too impulsive, have a look at a few cars before you make a final decision. Speak to the seller and ask them how much room they have to move on, say that you have a couple of cars still to look at. Play it cool, remember saveoncarloans has already approved you on the car you want to buy, so you don’t need to worry about applying for a car loan and waiting 3 or 4 days for an answer.

Once you have agreed on a price, call us on 1300 000 326 and we will finalise the transaction for you.

Once you have bought the car, we will complete the following steps to ensure you are happy with your purchase:

  1. Contact the seller and obtain a copy of the Registration Papers
  2. Complete a PPSR ( to make sure the car is not written off or stolen – if under finance, we will pay it out in full so you can have clear title )
  3. We will visually inspect the car, get a Bank Statement from the seller and his Licence to confirm the seller’s identity.
  4. Lastly, we will sign documents with you and have the Loan settled the next day.

So, contact now on 1300 000 326 and make your dream become a reality.

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