Tips on Buying and Selling a Car
Know what you are buying
- Do some research into car prices and performance.
- Go for a test drive.
- If you are a probationary licence holder, remember that there are restrictions on the types of cars you can drive. For more information visit www.vicroads.vic.gov.au or phone VicRoads on 13 11 71.
- Check the calendar year in which the vehicle was built as this may affect its resale value. This date should be stamped on the car’s “build plate”, which is affixed to a car when it is assembled and can often be found on the bulkhead between the engine and passenger compartments.
- If you are buying a second-hand car, have an RACV or a VACC member or another qualified mechanic carry out a mechanical inspection. Telephone RACV on (03) 9790 2190 or the VACC on (03) 9829 1111.
Know what you are paying
- Before buying a car, undertake some research into ongoing costs.
- Shop around for finance and insurance.
- If you are buying from a licensed car trader, negotiate one total drive-away price, including government charges.
Do not feel pressured
- Know what you want from a car and take the time to find it.
Do not feel pressured to sign on the dotted line. Take time to consider the deal.
Buying a new car
- Remember that compulsory charges, such as stamp duty and dealer delivery fees, are added to the price of the car unless it is being advertised at a “drive-away” or “on-the-road” price. Buying a used car from a licensed trader
- Make sure the trader you are dealing with is licensed and is displaying a LMCT number. For more information, visit www.bla.vic.gov.au or phone the Business Licensing Authority on 1300 13 54 52.
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