Step 1: Know what you need
Before you start scrolling Trademe or wandering around car yards, get clear on the basics. It helps you avoid being upsold and keeps you focused on what actually suits your life.
Ask yourself...what kind of car do you actually need?
🐕 If you have kids or dogs, you might be keen on a spacious SUV.
🏄 Into surfing, camping, kayaking or other sports? You’re probably after a car with decent boot space for hauling your gear around.
🚗 Mostly just need a commuter? A smaller, economical car may be best.
Think about how you live to understand the type of car that's suitable for you.
Step 2: What's your budget?
Now that you know what kind of car suits your life, it’s time to get practical. A clear budget can save you from buying something that becomes a financial headache.
Start with your budget
Be realistic about what you can afford, thinking not just about the purchase price, but the ongoing costs like insurance, petrol, maintenance, WOF, registration, tyres, the whole lot.
Do you need a loan?
If you need a car loan, you can apply for a preapproval to find out your maximum purchase price, which means you can move fast when you find the right car!
Step 3: Time to Research
You’ve got an idea of what you’re after and can afford… time to narrow it down!
Like any big purchase, it’s worthwhile researching different options so you can make an informed decision.
- Explore different car brands and models that match your needs (and budget)
- Read owner reviews to see if there's any common issues or annoyances.
- Chat with friends, whānau or colleagues you trust for guidance and advice.
- Compare the features, and look at the fuel efficiency and overall performance.
- Check out car safety ratings at www.rightcar.govt.nz.
Step 4: Ready to buy
You've found the car you want! Before handing over your money, it's a good idea to complete some final checks.
You can go through a dealer or a private sale, but for pre-owned cars, you may be more comfortable purchasing from a dealer, as there’s more protection and options if things go wrong later on.
- A Pre-Purchase Inspection can give you clarity on the condition of the car, so you’ve got more info to help you decide whether to buy it.
- Check that the car isn’t stolen or has money owed on it by completing a Vehicle History Report and a motor vehicle search at the Personal Property Securities Register.
- If you’re happy everything checks out, don’t forget about getting car insurance, and let NZTA know the car has a new owner!
Need a new car?
If you're keen on a car loan, we're here to help!
Check out our personal loans. It's easy to apply, we can turn around a quick approval, and our rates are from only 10.50%p.a.