JZ Motors

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PH: 03 9752 2799
FAX: 03 9752 2965
jzmotors@bigpond.net.au

LMCT 8365
1100 Burwood Highway Ferntree Gully 3156 Victoria

MELBOURNE 4WD AND COMMERCIALS SPECIALISTS

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Buying Used Car: Negotiating and closing deal

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Deciding on the used car you want can become very complex if you don’t know the important details that needs to be taken care of and those that requires thorough research.

After all the research you’ve made and the result seem to satisfy and meet all the requirements, answered all your inquiries, then it’s time to go and negotiate to close the deal. It is a wise action to determine a fair price for your preferred used car model by appraising the automobile and know its True Market Value. TMV (True market Value) is also known as the average price paid for the used car in your state. Make sure to provide the exact mileage in order to get an accurate computation of the TMV. All the stuff mentioned will provide your dollar a fair value.

When in the negotiating process and talking to the sales person be nice and polite and never give him a hint of your maximum limit. Don’t tell him that you will pay it in cash if ever you’re a cash buyer. This way you can have a chance of getting a lower price since dealers profit well on financing basis. When he offered you a financing, you can easily decline the offer and grab the low price he offered. Don’t be afraid to walk out if the dealer isn’t prepared to pay the price.

Closing the deal may require you of some important things in order to make it a successful one. Check for the car/s registration if it’s updated; make sure that the seller will give you the car title. In some places, they require the seller and the buyer to complete a bill of sale. To avoid any hassles, as soon as you have closed the deal, register the vehicle in your name and pay any possible taxes.

Buying used car is the perfect option for people with low cost budget but needs to get their own vehicle for fast, convenient and comfortable transportation. Doing your responsibility as buyer will get you to the ideal car you’ve wanted.

Doing your part will never give you the chance to have regrets with your decision because you will certainly end up with the right one giving your hard earned money a fair value while fulfilling your goal of vehicle ownership. You get a car and you saved indeed!

Buying a Used Car? Read This First

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Just because used cars are more affordable doesn’t mean you could get the biggest returns of your investment. With more used car dealers and private sellers coming out in the market, loaded with promises, it’s now easier to fall prey into buying a lemon when you don’t take the necessary precaution.

To protect yourself from scams or all out fraud, here are some tips to keep in mind before you buy a used car.

Do Some Research

Once you come up with a short list of your favorite makes and models, research on their market value and compare prices with other dealers. You may also check online prices and see who offers the lowest reasonable price. Of course, a selling price that is set so low should raise a red flag for some possible underlying issues. The specific car might have undergone major repairs, or might have been written off. So make sure everything is clear before even moving forward with the sale.

Read This :   Checklist Before Buying Used Cars

Set Your Budget

You may have found a used car that costs just a fraction of its brand new version. But take heed, as your financial obligations do not end at the point of closing the deal. Mandatory payments for transfer of registration, car stamp duty and third-party insurance are part of what you need to consider when finalizing your budget. If you want to know more about the exact amount of each fee, ask your dealer. You might also spend a little more having the Vehicle Identification Number checked by PPSR to obtain the car’s history.

Be Careful With Deposits

There have been recent reports of dealers or private sellers requiring deposits from prospective buyers to secure the car, especially when the buyer decides to drive-test the automobile. Unfortunately for some would-be buyers, some sellers no longer refund the deposit because of the premise that the car has already been reserved. So, to secure your payment, always put every agreement you have with the seller in writing, specifying the terms (e.g., whether the deposit is refundable, etc.).

Steer Clear of Hidden Financial Encumbrances

You might spend a few dollars to pay for a PPSR or CarHistory check to obtain a detailed history of the used car. But the minimal fee you pay is worth it given the essential information you receive such as whether the car is still tied to financial encumbrance, or whether it was stolen.

Here’s More :  How To Be Smart About Buying A Used Cars

Once you have everything cleared, you’re now ready to drive the car of your dreams. With a well-maintained secondhand vehicle, not only will you save much because of the huge price difference from the brand new ones, but your car will also no longer go through steep depreciation, unlike the brand new ones. This means you can always resell your vehicle in the future without huge losses.

Tips For Buying a Family Car

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When it comes to the idea of taking your family for a weekend getaway, it’s no longer about those posh sports cars or flashy sedans.

 

Suddenly, you find yourself tilting your head and looking for vehicles that could serve you well in terms of child safety, expanded capacity and passenger comfort.

So, before you even drive that SUV from the dealer’s lot, check out these five tips that you might find useful when choosing the right car for your family.

Put Safety First. All the Time

The car’s flashy features, style and a few bells and whistles must only come second to safety.To make sure you get the most reliable model, do a background check and look for any recall history and the reasons behind it. The ANCAP safety rating is also useful when assessing the best performing cars in the market. And if you’d like to know which automobile has the best track record, check the USCR ratings as well.

Comfort and Entertainment

Give your children that much legroom and extra comfort while in the backseat. This is particularly important especially during hours of nonstop journey to your destination. And of course, a good entertainment system can keep even the most boring rides all worthwhile.

When Buying a Used Car

Just looking at that shiny new second hand car would make you want to close the deal and drive it down the road. But think again. As we’ve mentioned earlier, always put safety first, and this holds especially true for used cars. In fact, we may never really truly know why its previous owner sold it. But whatever the reasons, it’s always safe to do a background check before buying your choice.

To check the history of the used car, get the vehicle identification number (VIN), and have it checked with PPSR or have a report generated by CarHistory. With the VIN, you would know whether the car was written off, stolen or had a history of repair resulting from serious accidents.

Also check the make and model of the vehicle for any recalls announced by the maker. Sometimes, a car owner would just choose to sell the car for recall instead of returning it to avoid further complications. And you, as a potential buyer, could end up facing any safety issues that might arise in the future.

A Final Thought

No matter how well designed and attractive a family car is on the outside, always put the safety of your family first. Regularly check for recalls, and also check the background of the used car if you wish to go for it to save money.

And when everything is all set, you’re good to go with your very own family car. Enjoy!

 

 

Just How Much Does It Take to Purchase a Used Car?

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You might think that closing a deal and getting the car of your dreams simply involves handing over that cash to the seller. But think again. Whatever price you agreed together is just part of a series of payments you need to make to finalize the purchase. Because these costs quickly add up from a few hundred dollars to thousands, arm yourself with this information to help you stay within your budget.

Transfer of  Registration

In new South wales, transfer of registration requires a minimal fee of $31. While in the state of Victoria, the same requirement would cost you about $36.40 if the transfer registration involves a private sale. Purchase your car from a dealer and the fee would cost only $18.50. In other part of the country, you pay lower amounts in general: about $22 in Queensland and $24.45 in South Australia.

In addition, keep in mind that some private sellers, in an attempt to save on renewal costs, put their used cars on sale just when the registration is about to expire or have already gone past the expiration date. This increases your financial burden as you in turn have to bear the renewal cost. Also, always be careful when registering the vehicle in different states because additional payments may be required, depending on the location.

Car Stamp Duty

Car stamp duty is another fee required by the government, the amount of which will vary according to the cost and the condition of the car when it was purchased. And it is only in special circumstances — such as transfer of registration from husband to wife, for example — that the payment of car stamp duty is not required. The amount varies because it becomes greater as the purchase price increases.

Luxury Car Tax

Yes, that flashy BMW or Lamborghini doesn’t come without a hefty price tag, be it the purchase price or what we call the Luxury Car Tax (LCT). In Australia, LCT amounts to 33% of the car’s value. The same amount is applied for imported cars that cost $62,000 and above.

Third Party Insurance

Just because you don’t see yourself driving your favorite car that often doesn’t mean you can opt-out of paying for third party insurance. Yes, it is compulsory whether or not you spend more time on the road. In fact, you need to secure this requirement even before you register your car, hence the need to include this to your list of expenses when buying a used vehicle.

Personal Property Securities Register (PPSR) Check

Obtaining the Vehicle Identification Number for PPSR check may not a mandatory requirement, but for just $36.95, you get all the information you need on the history of the used car before even buying it. By checking the VIN with PPSR, you will know whether the particular vehicle carries financial encumbrances, has been stolen or written off, or had undergone a major repair resulting from a serious accident.

Buying Used Car? Here’s How to Avoid the Rip-Offs

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Directly buying used car from its owner may save you from potentially huge dealer mark-ups and other fees. But as the industry becomes more independent, dispersed and unregulated, unknowingly buying a lemon has become a more likely reality. And as what was common in the days past, the seller could just be the neighbor next to you, your friend or a relative. But with the Internet, everyone now has access to any buyer or seller from across the country — with just a click of the mouse button.

Now comes the reality with online transactions: we’ve never become closer to possible scams than ever before. According to a Veda Auto report, a little more than one tenth of used car buyers fall prey into buying vehicles with previously hidden issues, only to discover them a little too late. And the most common issues involves were poor vehicle maintenance resulting in compromised safety, mismatched or non-existent vehicle identification numbers and accident records that were left undisclosed.

But how do we guard ourselves in the process?

The answer is as obvious as immediately checking the vehicle yourself. Check for any misaligned doors that might be a subtle sign of previous warping resulting from an accident, the dominant smell of mildew inside the car for possible history of flooding, and most importantly the engine’s condition. Of course, drive-testing the car is also a must.

After running through a physical check, go ahead with obtaining the Vehicle Identification Number (VIN), and run it with the Personal Property Securities Register (PPSR). The latter provides a comprehensive background record of the automobile in question — records that may tell you whether the car was previously stolen, written-off or any recorded accidents.

The bottom line? It’s never wrong to take extra care when buying used cars. You have every right to get the details from the seller, even if that means having the car double-checked with a licensed mechanic and the appropriate government agency. After all, when it comes to investing your money, you’re in full control.

CONTACT INFORMATION

JZ Motors

1100 Burwood Highway
Ferntree Gully3156 Victoria

PH: 03 9752 2799
Fax: 03 9752 2965

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