The Multitude Of Benefits Of Buying A Used Car In Australia
By: Joe McMunchrouy
Submitted: 2010-08-20 07:24:15 | Word Count: 578
Buying a used car in Australia is not much different from doing so in other countries. You need to take necessary precautions to ensure that you do not get cheated. This article will provide you with a checklist of points to consider for your task.
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.
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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.
When you buy a car you also need to pay taxes as per government laws. These are a part of the purchase price. So with new cars and their higher prices, you end up paying higher amount in tax money.
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 you can see from above, if you opt for a used car instead of new one, you can save on the stamp duty. You can use these savings to buy a better or bigger car. Also if you purchase a luxury car from an individual, you are exempted from the luxury car tax. You can take the help of organizations such as Australian RAC to carry out inspections for a used car. These organizations can help tremendously if you are new to the process of buying a new car. If you try to do things all on your own, you may find yourself distraught and frustrated. You will save time and money in the long run if you get help when you need it.
Get the best deal. Do your research, compare prices with other showrooms and check online, before you agree to pay any amount. If you are planning to get it financed, talk to your accountant before you do so. Discuss ways to reduce taxes, if possible.
If you do wish to buy from an individual instead of a registered dealer, make sure you check with the Register of Encumbered Vehicles. From them you can find out whether the seller has rights to sell the vehicle or not. If you take all these precautions, you can enjoy the maximum benefits from buying a used car in Australia.
Author Resource:-
If you're getting 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.
