Why Buying A Used Car Is Better Than Buying A New Car

When it comes time to buy a car, you have a variety of choices available to you. Not only do you need to pick the make and model of your car, but you also need to decide if you want to buy a new or used car. This is an important decision and it can make a big difference in your finances over the next several years. Read this article to know why buying a used car is better than buying a new car.

Honest and Professional Pre-purchase Car Inspection in Melbourne, VIC

We have been in the automotive industry since 1984, ranging from apprentice, to master technician, workshop foreman, controller, service advisor and service manager, in numerous premium vehicle businesses. We have built a level of loyalty that in the 21st Century is vital. After all, customer service and care is a point of difference.
We hope we are able to help you out with your needs. Our business is also known as Prepurchase Check.

No Depreciation For You

The biggest advantage of buying a used car is that you let someone else take the biggest depreciation hit on the car. You may be able to sell your car for nearly the same amount you paid for it in the next few years.

When you buy a used car, it is easier to save up and pay cash. You can also review the Consumer Reports and choose a model that has been performing well.

Used Cars Are Cheaper

Shiny, brand new cars usually come with a big price tag. If saving money is a factor in your decision making, you can save thousands on a used car. This is by far the main benefit of buying used.

Can Transfer The Original Warranty

If you’re looking at cars ten years or older, this will not apply to you. However, in today’s market, a lot of new cars come with a five-year manufacturer’s warranty.

If you’re looking at a three-year-old used car that still has its original warranty, you can transfer this into your name, and protect yourself in case of unexpected breakdowns.

You Can Get Cheaper Features On Used Cars

The oldest trick in the dealer’s book is to install additional dealer options. They’ll add a pinstripe, a protective film, or the immortal “anti-rust coating,” but new car buyers who want these add-ons can easily get them for a much lower cost from an after-market installer. Regardless, these changes don’t add a dime to the car’s resale value anyway. When you buy used, you may not get every feature you want, but you certainly won’t end up paying extra for things you didn’t ask for.

On the other hand, when you search for specific car features that you do want in a used car, like a sunroof or navigation system, you’ll pay far less than the original owner did. Instead of needing to decline a dealer’s expensive navigation package with fees and surcharges, you’ll be able to afford the built-in features.

Your Dealership Checks And Repairs The Car

Buying a lemon is a huge concern when it comes to used cars. There are a few red flags that you should avoid when hunting for your dream car.

Unless, of course, you’re shopping at Dodgy Bros, you should always go to an honest car dealership.

Car Dealership, reputable used car dealers would have checked and performed necessary repairs or maintenance to the car when it originally came in.

Check that this has occurred before driving away, as this will give you a sense of security and peace of mind.

What Else To Consider About Used Cars

Buying a car is a highly personal decision, and there are several factors that need to be considered before deciding. However, when it comes to the new vs. used car debate—don’t rule out a three to a four-year-old used car.

Consider thoroughly researching what models meet your wants and needs, and budget what you may be able to afford.

If this is something you or your family can afford, you will be able to take advantage of a discounted price, while knowing that the car will be new enough that you (hopefully) won’t be driving away with a lemon. Further, if the car still has its original warranty, you’ll be able to transfer this to yourself and enjoy added peace of mind.

What Should I Be Aware Of?

The biggest downside of buying a used car is that you cannot be guaranteed its history. You can piece together a pretty good idea through service logs, condition and running a vehicle history check, and even seeing the Roadworthy Certificate—but you will never know each and every quick of the car before your time.

Pre-purchase Car Inspection

As much as some of us think we’re backyard mechanics, you can’t go past actually getting a used car checked out by a professional to determine whether it is mechanically sound. There’s nothing worse than driving away with your new purchase, only to find that it has an issue that is going to cost you dearly.

Have a professional inspector like German Precision to do a thorough pre-purchase car inspection in Melbourne to ensure that your dream car is operating properly and not a scam.

If you are looking for the best pre-purchase car inspector in Melbourne, do not hesitate to contact German Precision or Prepurchase Check today!

sources: ratecity.com.au, roadloans.com, thebalance.com, carsguide.com.au, moneycrashers.com

Things to Do After Buying a Used Car

Buying a used car is a great way to save money and take advantage of depreciation. If you’ve been careful about car selling red flags, you might’ve just gotten a great deal on a used car. Excellent! But then what? What are the things to do after buying a used car?

Honest and Professional Pre-purchase Car Inspection in Melbourne, VIC

We have been in the automotive industry since 1984, ranging from apprentice, through to master technician, workshop foreman, controller, service advisor and service manager, in numerous premium vehicle businesses. We have built a level of loyalty that in the 21st Century is vital. After all, customer service and care is a point of difference.
We hope we are able to help you out with your needs. Our business is also known as Prepurchase Check.

Transfer The Registration

When a used car changes hands, the registration has to be transferred from the seller to the buyer. It’s the buyer’s responsibility to transfer the registration.

The printed form is found on the reverse of the vehicle registration certificate. You must pay a transfer fee as well as stamp duty on the sale price or market value on the price you paid for it, whichever is higher. Go to VicRoads’ Transfer & Motor Vehicle Duty Fees to find out.

The seller will complete the disposal notice on the reverse of the registration certificate and submit it to the VicRoads, also done online—within 14 days. This provides proof to the VicRoads that you’re no longer the owner in the event the new owner receives a traffic infringement notice.

Get Your Vehicle Insured

Once you have the title in hand, more paperwork is required to file before you can hit the road in your new wheels. Most states require you to secure insurance for the vehicle before you can register it and get license plates.

If you go through a dealer, chances are they will walk you through these steps—and in some cases even file the paperwork on your behalf. If you bought your vehicle from a private seller, your first call should be to an insurance company to set up a policy and get your proof of insurance sent to you.

Sell Your Old Car

Selling your old ride is not difficult. In fact, if you trade it in, there’s nothing to it. However, you might wish to get more for your car by selling it yourself. Just make sure that you know what to do before selling your old car.

Clean Your Car

When we say clean it, we mean it.

Take an afternoon to wipe down everything. Vacuum, polish, take it through the car wash, and anything else that makes your ride look presentable. Have it looks good not only to your friends but yourself as well. Plus, who knows of the filth that lays under the seat and on the carpet.

Especially during a pandemic like this. Keeping your car clean during COVID-19 is very important.

Buy a couple of air fresheners too. This is probably the cheapest and easiest thing to do with your car.

Get Your Car Inspected

The last thing to do after buying a used car is to get a professional to do a vehicle safety inspection.

If you have time before the purchase though, have a professional inspector like German Precision to do a thorough pre-purchase car inspection in Melbourne to ensure that your dream car is operating properly and not a scam.

If you are looking for a professional pre-purchase car inspector in Melbourne, do not hesitate to contact German Precision or Prepurchase Check today!

sources: tocowarranty.com, mynrma.com.au, drivetribe.com

Factors To Consider When Buying A Used Car

When it comes to buying a used car, you want to make sure you get the right car, for the right price. Used cars, by definition, are not new, they have a history, and it’s a series of historical information that makeup what the car is now. There are important factors to consider when buying a new-to-you car.

Honest and Professional Pre-purchase Car Inspection in Melbourne, VIC

We have been in the automotive industry since 1984, ranging from apprentice, through to master technician, workshop foreman, controller, service advisor and service manager, in numerous premium vehicle businesses. We have built a level of loyalty that in the 21st Century is vital. After all, customer service and care is a point of difference.

We hope we are able to help you out with your needs. Our business is also known as Prepurchase Check.


The Car’s Age

One of the first things you need to consider is the car’s age. The term ‘used’ simply means ‘not new’ so you can find cars ranging from six months to sixty years or more, falling into this category. Your first consideration is to really decide how old is too old for you. Cars of a certain age don’t come with certain luxuries or safety features that we have come to expect in new cars – can you live without them?

Lifestyle

It’s important to buy a car that suits your lifestyle now and in the future. A minivan could be a better choice than a compact sedan for a woman who has one child now but plans to have more in the future. Similarly, a commuter who drives more than 100 kilometres per day will be best served by a small SUV rather than a full-size SUV. Finding your balance and deciding on the best choice for your lifestyle is conceivably the most important aspect to consider in your used car search.

Value And Cost Of Ownership

Finding a vehicle that retains its worth well over time is the next step in ensuring continued money savings down the road. The old adage, “A car loses value the second it is driven off the lot,” may have been true in the past. In today’s market, it is becoming increasingly false. Vehicles are thoroughly researched by trusted outlets such as Kelley Blue Book (KBB.com) to find out how they hold their value over time and also rate vehicles based on their 5-year cost of ownership. By utilising this helpful data, drivers are saving more money than ever before on their used car purchase.

Test Driving The Car

Spending time with the vehicle will give you an idea of how comfortable it is to drive and if everything is working smoothly. Ask the seller if you can test drive the car on different road surfaces such as flat roads, uphill, highways and areas with sharp cornering.

The Previous Owners

Some people treat their car with the utmost respect, keeping it clean, driving it nicely and servicing it on time. Others see their car as a dumping ground that gets them from A to B or they race around with little regard for their poor car’s engine or exterior!

The number of owners a car has had is important to consider when buying a used car. The more owners a car has had, the more likely it has had at least one of the latter driver type. So, try to choose a used car that has had few owners. There’s more chance that it has been well looked after.

Warranty

Buying a used vehicle with a solid warranty will not only save you money on future unknown repairs, but it can also be a shield to protect your money. Whether it is a factory warranty or an extended warranty offered by the dealership, this added protection can go a long way when it comes to saving your wallet.

Pre-purchase Car Inspection

As much as some of us think we’re backyard mechanics, you can’t go past actually getting a used car checked out by a professional to determine whether it is mechanically sound. There’s nothing worse than driving away with your new purchase, only to find that it has an issue that is going to cost you dearly.

Have a professional inspector like German Precision to do a thorough pre-purchase car inspection in Melbourne to ensure that your dream car is operating properly and not a scam.

It is worth taking your time when buying a second-hand car as you don’t want any surprises after you buy it.

If you are looking for a professional pre-purchase car inspector in Melbourne, do not hesitate to contact German Precision or Prepurchase Check today!

sources: chevroletofnaperville.com, pacifictoyota.com.au, loans.com.au

Avoid These 4 Things When Buying a Used Car!

Buying a used car can be a cost-efficient alternative to owning a vehicle as long as you’re purchasing one in good condition. Being more affordable than a new vehicle, it enables you to own a car for personal or business use in the shortest time possible. However, the preloved car may also come with several issues that could affect your driving experience. Thus, it is essential to know things to avoid when buying a used car.

If you’re in the market for your first used car, beware of these four things.

Honest and Professional Pre-purchase Car Inspection in Melbourne, VIC

We have been in the automotive industry since 1984, ranging from apprentice, through to master technician, workshop foreman, controller, service advisor and service manager, in numerous premium vehicle businesses. We have built a level of loyalty that in the 21st Century is vital. After all, customer service and care is a point of difference.

We hope we are able to help you out with your needs. Our business is also known as Prepurchase Check.


Not Knowing What You Can Afford

Find out how much you can afford before looking for a car. You should never skip your homework—don’t visit the dealership empty-handed or you’d pay more than necessary. If you jump straight to the car search, you might end up making unnecessary sacrifices, or you might be wasting time looking at cars that don’t fit with your budget.

The internet is a good place to begin your car buying process. Once you’ve worked out your budget and your needs, start comparing models and finding out what the various car features mean. Different manufacturers sometimes use slightly different terms to refer to the same thing. Make note of any advertised prices, especially on runout deals.

Relying On Monthly Payments

If you’re planning to buy a used car through a car loan, using your monthly payments as the sole basis in calculating and calculating prices is not smart. A low monthly payment may seem affordable and friendly on your budget but it would require a long time to complete. This would mean that you would end up paying back more money. Take note that the interest of your loan is calculated in your monthly repayments—the longer your car loan runs, the more interest you would have to pay.

Also, a car’s value depreciates over time. Although a used car doesn’t depreciate as fast as a new one, it still loses 15 to 20 per cent of value each year. In other words, reselling your already second-hand car to a new buyer would be very difficult.

Only Visiting One Dealer

There are a lot more buyers out there who only shop at a single dealership than you realise. But even if you know the salesperson or you’ve bought all your cars from him before, that doesn’t mean they are offering the best price.

The bonus is that these days a lot of dealerships also put their best deals online, so it makes it easier to shop around, pick a couple, pay them a visit, and negotiate. Also, make sure that you go to an honest used car dealership. They will genuinely help you, and that’s what you want from visiting your local dealership.

Not Asking Enough Questions

“We’ll even throw in…” is always an appealing phrase when you’re trying to make a deal. But did you know dealers make more money on extras and servicing than they do on the actual margin of the car? So while accessories are an extra bargaining chip to sweeten a deal, they’re also likely to use these to up the final price you’re paying.

Don’t feel bad to ask some questions. Believe in your gut. If you think something is fishy, then maybe it is. Don’t forget about these red flags as well. It’s best to avoid these things when buying a used car!

BONUS: Not Hiring The Best Pre-purchase Car Inspector in Melbourne, VIC

Have a professional inspector like German Precision do a thorough pre-purchase car inspection in Melbourne to ensure that your dream car is operating properly and not a scam.

If you are looking for a professional pre-purchase car inspector in Melbourne, do not hesitate to contact German Precision or Prepurchase Check today!

sources: macquarie.com.au, whichcar.com.au, positivelendingsolutions.com.au

Best Questions to Ask Before You Buy That Used Car

When buying a used car privately, paperwork is all-important. The same is true when buying a used car from a dealer, and it can also be stressful. But if you go into it prepared and make sure you ask the right questions—of yourself and the dealer—it will be a lot easier. 

Don’t be afraid to ask questions wherever you choose to buy, either. Although there’s no obligation for sellers to volunteer information about a car they’re selling, any questions you ask must be answered truthfully—otherwise, the vendor is breaking the law.

General Questions to Ask Yourself

1. How much can I afford to spend? Make sure you know your budget before you go looking. Also, this will help you decide if you need to look into financing or not.

2. How big of a car do I need? This will help you narrow it down based on things like how big your family is, if you will need to haul a lot of stuff, or if you will be driving it in narrow streets.

3. How will I use this car? Depending on your needs, you may need a specific kind or type of car.

4. Can I take it on a test drive? Always make sure you try the car before you buy it. Get some of our best tips on how to get the most out of your test drive here.

5. What fees will I pay in addition to the price? You will never pay just the listed price. There may be dealership fees, taxes, etc.

6. Dealer or private? A car dealer is generally the safest place to buy a used car, as there’s a degree of legal protection implied by its status as a business. A car dealer has an obligation to properly prepare a car before the sale, including verifying that its recorded mileage is correct.

7. Should I buy new or used? If you can afford a brand new car, it’s nice to treat yourself. However, buying a used car that’s only a year or two old will save you a lot on depreciation. Buying a car can easily become a very emotional decision, so be sure to keep a clear head and seek the advice of someone that you trust when you narrow down your car.

Questions to Ask the Seller/Dealer

1. Why are you selling the car? The seller could answer this question in a few ways. They might be ready for an upgrade or perhaps the car’s size doesn’t suit their lifestyle anymore. It’s good to know the reasons behind this change because you might run into the same issues down the line.

2. How long have you owned the car? If they recently purchased the vehicle and they are already selling it, take note as this could mean they ran into problems with the car.

3. Has it been in any accidents? In some cases, accidents are reported on a vehicle history report—but don’t assume these reports catch everything. If the car was in an accident, find out how it was damaged and how it was fixed.

4. What features don’t work the way they’re supposed to? Older used cars nearly always have something wrong with them. It might not be a deal-breaker—for example, if it’s a malfunctioning CD player. But other defects can come as annoying surprises, such as weak air conditioning, blown speakers or missing pixels in displays.

5. Is there any reason you wouldn’t drive the car coast-to-coast tomorrow? This is a fun question and sometimes throws the seller off balance. But if the answer is a resounding “No, there’s nothing wrong with the car,” that’s a nice vote of confidence.

6. What is the ownership history? “If the seller doesn’t really have many details about the car or only owned it a short time, that’s a warning sign,” Holthoff says. “I’m looking for a seller who really cared for the car for several years or more.” When searching for good used cars, he recommends using keywords like “original owner” or “service records” or even “garaged.”

7. How did you arrive at this price? If you’ve asked all the above questions, and you’re getting serious about buying the car, find out how the seller priced it. Many people simply pick a figure out of the air. If the seller says he or she used a pricing guide, you can double-check to see if the price is accurate.

8. Do you have the title in hand? If there’s a loan on the car from the bank, the seller might not have the title. Or they may not know where it is. These are problems that can be worked around, but it’s best to buy from someone who actually has the title of the car easily accessible.

9. Can I take the car to a mechanic for an inspection? It’s important that you take the car to a professional pre-purchase car inspector so you can get an expert’s opinion on what’s happening with the car under the hood. If the seller hesitates then this could be a red flag that there’s something they don’t want you to know.

As you can imagine, these questions will come in handy. Are you getting a good deal or buying someone else’s issues?

Have a professional inspector like German Precision to do a thorough pre-purchase car inspection to ensure that your dream car is operating properly.

If you are looking for a professional pre-purchase car inspector in Melbourne, do not hesitate to contact German Precision or Prepurchase Check today!

sources: requestyourcar.com, canstarblue.com.au, carbuyer.co.uk, nerdwallet.com

Should You Buy A Car During COVID-19?

There is widespread confusion about whether you’re allowed to buy a used car during COVID-19, but the motor vehicle is one of the safest forms of transport amid the pandemic.

Used car prices continue to soar as commuters shun public transport, fearing COVID-19 contagion.

According to data analytics firm Datium Insights, used motor vehicle prices rose by 4.4 per cent last week after increasing by 2.1 per cent in the previous week, and the stock remains considerably low.

In terms of category, prices of SUVs rose the most, up 5 per cent, while passenger vehicles gained 4.7 per cent.

Among the top traded vehicles, resale prices for Toyota Hiace and Volkswagen Golf were up 10.2 per cent and 8.2 per cent, respectively.

Many new-car dealerships have adjacent used-car yards, but private buyers and sellers are also allowed to trade vehicles as long as social distancing rules are applied by both parties during test drives and the transaction process.

However, customers still need to be careful when buying a used car.

There seems to be a lot of car selling frauds, which is possible through a number of activities and actions taken by the company.

One of these is when the business does not disclose certain information. Many vehicles that are previously damaged/written off/hail damaged and repaired, HAVE NOT BEEN ADVERTISED as such. This is indicating a deceptive type of seller who is trying to present a vehicle unethically.

If the vehicle was totalled/written-off either due to accident/flood/hail damage and the insurance company signed off on a salvage title being issued for the non-repairable or defective car, this must be disclosed very obviously to the customer seeking a new vehicle.

This means that the person is notified either inconspicuous writing or told by the employees selling the car. Any attempt to hide this information may lead to legal action. This also means that the dealership is not permitted to say they don’t know about the salvage title.

The history of vehicles and the titles granted are easily accessible to auto dealerships, and this means they are held accountable for detailing that a salvage title was issued for a car. There is a duty of care held to the company for disclosing the salvage title to the customer. Many businesses that sell vehicles may attempt to hide these matters through various means. However, if the car works and there are no issues, they may get away with these practices. It is when the driver is harmed due to defects or previously damaged cars that litigation could occur. Also, the fact that if you paid normal retail for the car, in reality, it is worth considerably less. How much? No one really knows how to put a value on a ‘written off’ car. You also need to consider that some car insurance companies will not offer comprehensive cover on a previous write-off, along with the fact that at time of future sale, you will need to disclose this fact, and a trade-in may be impossible.

Common Problems With A Private Seller

The most common problems with buying vehicles privately include:

• ‘buying a lemon’, ie a faulty car
• being misled about a vehicle’s make, price, quality or performance
• the seller still owing money to a finance company, in which case your vehicle may be repossessed.
• buying a car that has WOVR (Written Off Vehicle Registry) entry, due to being a repairable write off (accident/flood/hail damage)

What To Do If You Have A Problem

Contact the seller and explain the problem before you do anything else. Always talk to the seller first. If they disagree or refuse to deal with the issue, get a report from a mechanic or inspection service like German Precision.

You should contact the seller yourself – or have someone else do it for you – if you have bought a vehicle and:

• were misled into doing so, either by false advertising or something the seller has said
• the vehicle is faulty or unsafe
• you find out there is money owing on the vehicle.

Often by contacting the private seller, you can work out an arrangement between the two of you. This might include:

• some kind of refund
• the seller paying for mechanical work
• an alternative arrangement.

It’s important that you don’t give up without trying. Note however there is no guarantee or obligation from a private seller to do anything. Once you have paid and the car has changed hands, it is all up to you and the seller bears no further liability.

Then How Do You Avoid These Situations?

Do Your Research

It’s important to get as much information as you can about the condition of the car before you buy it. Ask the seller to show pictures of the car from different angles. You can also video call them so you can actually see the real condition before paying anything.

Get It Inspected By A Professional

If you’re unsure, hire a professional like German Precision to help you.

When buying something big like a new car, have it professionally inspected. A pre-purchase car inspection would cost you $250 to $350, and it’s worth every penny.

If you are looking for a professional pre-purchase car inspector in Melbourne, do not hesitate to contact German Precision or Prepurchase Check today!

sources: theaustralian.com.au, caradvice.com.au, hg.org, consumerprotection.govt.nz