It was quite a challenge, deciding if I should buy a car as a student in Australia. After a year long of depending on public transport, I finally decided to go for my own car. In this post I will share what are all the aspects to consider while buying a used car based on my personal experience.
Where to start your search for a used car?
Starting your search can be easy but make sure you take enough time to decide and don’t just make quick decisions. The best place to look for a used car would be online. The best options available online are Gumtree, Carsales and CarsGuide websites. These are the three top online portals to find under cars from either private owners or dealers.
You could also look around, your university notice boards, Facebook pages etc. It should be a good idea to save up the money for your car, set a budget and then start your search as you might come across some too good deals anytime. It is also a good idea to spread the word as buying someone relocating or looking for a new car could get you a bargain!
Should I go for a Dealer or Private owner?
There are ups and downs for both the options. You could save some money margin money if you are planning a direct purchase from a private owner but you are at the risk of not having a dealer guarantee. If you take your time, check up the car from a mechanic and feel confident, then the private owner is the best option.
On the flip side, dealers have huge numbers of cars and in most cases, they are all in ready to drive condition as they take care of Rego, RWC and other paperwork. Ensure to check for a credible dealer for your purchase.
What all should you check while buying a new car?
The two MOST important aspects to legally be on the road are the registration (Rego) and the Road Worthy Certificate (RWC). I would recommend, you insist that the seller takes care of both and you buy only an actively registered and RWC compliant car, otherwise you are taking a risk and breaking the law.
Many owners might post they don’t have time to do road worthy and selling it quick etc. That makes no sense, If car is in good condition, roadworthy is a 2 hour procedure. Once you zero down on a car you like, ensure it is within your budget, you have checked the condition of the vehicle by a mechanic, obtained rego and RWC – go for the purchase. Ensure you have two signed copies of transfer request of VIC roads or the state authority ( one for you and one for seller). Then take a receipt of sale from the owner.
As soon as all the transaction done and car purchase, straight (ASAP) get to the transport authority (vic roads if in Victoria) and get the car transferred to your name ( it took me half hour to do this). The next important thing to take care is ensure you have at least a third party insurance for your car. Now with all the documentation, valid license and all paperwork. Give your car a good wash and drive safe. PS: these just advices from my and my peer’s personal experiences, However, I totally recommend reading all the requirements on road transport authority (like Vicroads) website and ensuring all the requirements are met correctly.