A car is more than a mere convenience. It is a reflection of your personality. It speaks of your taste and prestige. With a new car you always have the dreamy feeling of riding on a cloud. You add gadgets, pick color and get all the work done. But if you are buying a used car in Australia how do you make it truly yours? Read on to get some tips.
With used cars you have to be extra careful because there might be defects that the seller does not disclose to you. Give a thought to the purpose for which you are buying this vehicle. Is it for occasional extended trips with the family, or for a swift commute to office everyday? Consider safety, security, performance, fuel and servicing costs, model, make, and capacity - in addition to your budget - when buying a car.
Next get the paper work out of your way. Take help from your accountant for prices and taxes. Get a legal professional to explain the nitty-gritty of the contract, ownership transfer, warranty and the like. If you are planning to get it financed, negotiate and get a good deal on it. Make the payment, complete all formalities before you drive away with the car.
As for the seller, you can choose to buy from an individual, a dealer, online shops or from auctions. Each has its pros and cons. Decide what suits you best. If you buy from an individual, it would be relatively cheaper, but there would not be any warranty, and no security of title. If you go for a registered dealer, you do get the warranty and the title - but at a higher cost. Online shops provide the comfort of buying from home, at the cost sacrificing a test drive, and no face-to-face negotiation. With auctions you can get a cheap deal and guarantee of ownership but may have to pay the auction fee and get the car re-registered.
Especially in Australia, you need to pay mainly four types of registration charges. The registration transfer fee is set at a fixed amount and decided by the state. Stamp duty varies with the price of car and is different in different states. Motor vehicle tax has to be paid annually. Compulsory third party insurance also has to be paid annually. Luxury cars also incur luxury car tax.
As for accessorizing your car as per your taste, you can explore various options. Take the car stereo for instance. Does your car already have it? Do you like the existing one? If not, you can sell the existing one and try buying something that you prefer.
To ensure that you get protection from the Motor Dealers Compensation Fund, you can buy a used car from a licensed dealer. If you suffer a loss while buying a used car from a licensed dealer, you can lodge a complaint with NSW Fair Trading. If your claim is approved you can receive a maximum payment of up to thirty thousand Australian dollars.
When you do the re-registration of car to transfer ownership, get a legal expert to have you covered. Go over fine print. Make sure you understand what your rights are and what you can do in case of violations. If you pay attention to all these details, buying a used car in Australia will be easy and beneficial.
Author Resource:
If you're buying a car, then you may want to look into used cars . There are many used car dealers out there. You should take a look at CarCity and see what they have to offer you.
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