Buying a car
Getting an idea of prices
Once you know what type of car you want, check out the prices by looking at the “For sale” ads in the paper and online, remember the smaller cars generally use less petrol.
Set a maximum price you are happy to pay and try not to go above it
In considering the price to pay, also consider additional costs like, RMS transfer fees and stamp duty, insurance, inspection costs and how much registration it has left. If it runs out of rego in a month you will need to add all additional registration costs to the buying price so you can keep this car on the road for some time.
Getting the car inspected
An inspection may cost a little money but save a lot too. Having a car checked could alert you to hidden problems that may be expensive to fix.
You can then decide if you still want the car or want to keep looking for the right one.
Who to buy a car from
Buying a car from a licenced dealer
Buying from a licenced car dealer will be more expensive but offers greater protection. Licenced dealers are regulated by law and must give certain guarantees that don’t apply to private sellers.
“Clear Title” is one of these, this means the car cannot be repossessed due to the previous owners debt. Cars less than 10 years old with less than 160,000km on the speedo must come with a statutory warranty from the dealer. For those older than 10 years or with more km’s, it is possible to buy an extended warranty.
Buying a car privately
Before you buy a car from a private seller you should check the paperwork. Ask the seller to show you the current registration certificate, and a Pink slip (Safety report) not more than 28 days old, plus proof that the person selling the car is the owner (sales slip or drivers licence can help match them with the registration papers details)
Check that the details on the registration papers and Pink slip match the car. The VIN (vehicle identification number) is usually found along the frame of the driver side door or in the engine bay under the hood.
If you agree to purchase the car both, you and the previous owner, must fill in and sign the back of the registration paperwork and lodge it with RMS.
To check if there is any money owing on the car you can visit http://www.revs.com.au/
What's the difference between a REVS check and certificate?
A REVS check will tell you if there is any money owing on a particular car. A REVS Certificate will provide you the protection from repossession as long as you own the vehicle. To be protected against repossession, the REVS Certificate must be purchased on the day you take ownership of the vehicle.
When buying a used vehicle, the rule is – buyer beware. If you suspect that the vehicle you’re interested in buying has something weird in its car history that doesn’t add up, or it is a deal too good to be true, it probably is and you’re probably better off looking for something else.
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