Truck Loans Australia :: Articles

5 top tips when buying a used car in Australia

5 top tips when buying a used car in Australia

5 top tips when buying a used car in Australia
Buying the right second-hand car can be a bit of a minefield – from finding a model that fits your needs and budget - to negotiating the best deal with the seller, but with a few tips and tricks, it can be made a lot easier and less stressful.

Here are 5 tips to buying a second hand car in Australia

1. Do your research

Before you start looking at used cars, it's important to do your research and figure out what kind of car you want to own.

You should also have a budget in mind so that you don't overspend.

If you plan on borrow money to finance your purchase, you should start with a car loan repayment calculator to work out how the loan repayments would be for various loan amounts over different repayment periods.

Car Finance- Quick & Easy
Image for Car Finance- Quick & EasyIf you are in the market for a new or used car, then we're in the market to help you arrange the money. Our car loan & leasing finance service is backed by a national panel of car loan specialists who will establish your eligibility, find lender/s offering the best deals for your situation - and help you through the approval and settlement process. No charge to you - and no obligation to proceed with any recommendations offered.

There's also a great deal of merit in getting a loan pre-approval before shopping for a car. A pre-approved car loan means that you have a much better idea of how much you can afford to spend, and it will put you in a stronger negotiating position with the seller. 

Once you know what kind of car you're looking for, you can start searching for dealerships or private sellers.

2. Get the vehicle history

If you're buying from a dealership, they should provide you with the vehicle log book and vehicle history report if they are available. If not, you can request this from the seller. This information will tell you more about the car, including the diligence of the previous owner in vehicle care and maintenance.

It is also important to find out whether the car has had any major repaired damage or has been submerged in floodwaters. 

Knowing this information will help you make an informed decision about whether or not to buy the car.

3. Take it for a test drive

Once you've found a few potential cars, it's time to take them for a test drive! This is the best way to see how each car feels and if it suits your needs.

Pay attention to how the car handles and if there are any strange noises coming from it.

Also pay close attention to the car's tires during the test drive. Wear and tear on tires can be indicative of other problems with the vehicle, so it's best to err on the side of caution if they don't look 100%.

If everything looks and feels good, then take note of which car YOU like the best!

4. Have an inspection done by a professional mechanic

Even if the seller tells you that the car is in good condition, it's always best to get an inspection done by a professional mechanic before making your final decision. Auto Associations in each State, such as NRMA, RACV, RACQ, etc, provide vehicle inspections at a very good price to members.

They will be able to spot any issues that may not be apparent to the naked eye and let YOU know if it's worth purchasing or not.

Before buying a car privately, check that the person selling it is the registered owner. Check that the certificate of registration and safety check report for the vehicle are up to date (the last issued no more than 1 month ago). The details on all documents should match those of the vehicle.

5 negotiating with the seller

When negotiating with the seller, always keep your budget in mind so that you don't overspend on the car itself or on repairs that need to be made after purchase.

And take your time! This is a significant purchase, so don't feel pressured into buying a car that you're not completely sure about - you'll likely regret it later down the road.

When purchasing a used car privately, on the Internet, or by bidding at an auction, make sure that the seller is legally entitled to sell it. If the car was stolen, or if it is being financed through a loan and registered under someone else's name, then that person may not be able to sell it.

Before buying a used car privately, the buyer should check the vehicle security register to confirm ownership and learn if the car is being used as collateral.

Ownership checks are carried out by supplying the vehicle registration number, engine number and chassis number.

To find out if a vehicle is held as security for a loan, you can check the Personal Property Securities Register.

Finally, in order for you to transfer ownership of the vehicle, the seller will need to inform the state road authority and you will need to accept this transfer. This can usually be done online via your state motor authority.

By following these tips, you'll be well on your way to finding the perfect used car for you!

Published: Friday, 20th May 2022
Author: Paige Estritori


Truck Loans Articles

Interest Rates, Terms, and Fees: What to Look for in Commercial Vehicle Loans Interest Rates, Terms, and Fees: What to Look for in Commercial Vehicle Loans
Choosing the right commercial vehicle loan is a pivotal decision for any business aspiring to expand its transportation capabilities. For many, commercial vehicles are integral to daily operations, and securing the best financial arrangement to acquire these assets can significantly impact the bottom line. - read more
The Top Mistakes to Avoid When Applying for a Truck Loan in Australia The Top Mistakes to Avoid When Applying for a Truck Loan in Australia
Commercial vehicle loans in Australia are a vital component in the Continuum of the transportation and logistics industry. They provide businesses and individuals with the necessary funds to acquire trucks and other heavy vehicles critical for their operations. Understanding the nuances of these loans is imperative for anyone in the market for a commercial vehicle. - read more
Maximizing Your Investment: Strategies for Enhancing Truck Resale Value in Australia Maximizing Your Investment: Strategies for Enhancing Truck Resale Value in Australia
The commercial vehicle market in Australia is a cornerstone of the transportation and logistics industries, with trucks playing an indispensable role. Whether for long-haul deliveries across the vast distances of the continent or for urban distribution, trucks are critical assets for businesses and entrepreneurs alike. This significance makes it essential for commercial vehicle buyers to understand the dynamics of truck resale values in Australia. - read more
Understanding Credit Scores and Their Impact on Your Commercial Vehicle Loan Terms Understanding Credit Scores and Their Impact on Your Commercial Vehicle Loan Terms
Finding the right financing for a commercial vehicle in Australia can be a critical step for businesses and individuals alike. Whether it's for a single van or an entire fleet of trucks, understanding the intricacies of commercial vehicle loans is key to securing a deal that aligns with your financial goals. One factor that stands out in determining your loan terms is the credit score—a numerical representation of your creditworthiness. - read more
Understanding Your Options: A Guide to Commercial Vehicle Loans in Australia Understanding Your Options: A Guide to Commercial Vehicle Loans in Australia
If you're running a business in Australia, choosing the right commercial vehicle loan can be pivotal to your success. Whether you're a small business owner needing a delivery van or a large company expanding your fleet, understanding your financing options is crucial. - read more
Maximizing Your Investment: Strategies for Enhancing Truck Resale Value in Australia Maximizing Your Investment: Strategies for Enhancing Truck Resale Value in Australia
The commercial vehicle market in Australia is a cornerstone of the transportation and logistics industries, with trucks playing an indispensable role. Whether for long-haul deliveries across the vast distances of the continent or for urban distribution, trucks are critical assets for businesses and entrepreneurs alike. This significance makes it essential for commercial vehicle buyers to understand the dynamics of truck resale values in Australia. - read more
Understanding Your Options: A Guide to Commercial Vehicle Loans in Australia Understanding Your Options: A Guide to Commercial Vehicle Loans in Australia
If you're running a business in Australia, choosing the right commercial vehicle loan can be pivotal to your success. Whether you're a small business owner needing a delivery van or a large company expanding your fleet, understanding your financing options is crucial. - read more
How to Choose the Right Lender for Your Commercial Truck Loan How to Choose the Right Lender for Your Commercial Truck Loan
For many Australian businesses, purchasing a commercial vehicle is a significant investment that often requires financial assistance. Understanding the intricacies of truck financing is crucial, as the right loan can affect your company's bottom line and operational efficiency. With a plethora of lenders offering myriad loan products, choosing the most advantageous deal can be daunting. - read more
The Pros and Cons of Leasing vs. Buying a Truck for Your Business The Pros and Cons of Leasing vs. Buying a Truck for Your Business
Small businesses that require regular transportation of goods may find it essential to purchase a truck. However, this acquisition can become a significant investment that requires careful consideration before making a decision. The two options available are buying or leasing a truck. In this article, we will explore the pros and cons of each option to help you make an informed choice. - read more
Essential Financial Safety Nets for Aussie Truck Drivers Essential Financial Safety Nets for Aussie Truck Drivers
Welcome to the road less traveled, where the rubber meets financial prudence. Truck driving in Australia is not just about long miles but also about ensuring financial stability amidst life's crossroads. As a truck driver, taking the wheel of your financial future is crucial, and that's what we'll navigate in this article. - read more

Finance News

Increasing Number of Qualified Financial Advisers Opt Out of Practice Increasing Number of Qualified Financial Advisers Opt Out of Practice
11 Jul 2025: Paige Estritori

Recent analysis from WealthData indicates a growing trend among financial advisers in Australia, where a significant portion of those who have successfully passed the financial adviser exam are opting not to practice. As of now, 5,096 individuals, representing 33.31% of active advisers, have chosen not to proceed into practice after passing the exam—up from 28.36% a year prior. - read more
Melbourne's Housing Market: A Prime Opportunity For Buyers Melbourne's Housing Market: A Prime Opportunity For Buyers
11 Jul 2025: Paige Estritori

The Reserve Bank of Australia (RBA) recently surprised many by maintaining the interest rate at 3.85%, against expectations of a cut. This decision is seen as a measure to continue moderating inflation, but it simultaneously delays potential spikes in the housing market, providing a favorable window for prospective homebuyers. In particular, Melbourne's current market presents significant value, offering a promising opportunity for those looking to enter the property market. - read more
Improving EOFY Planning: The Call for ATO Portal Access for Advisers Improving EOFY Planning: The Call for ATO Portal Access for Advisers
09 Jul 2025: Paige Estritori

In a recent discussion, James O'Reilly, Director and Financial Planner at Northeast Wealth, underscored the benefits that could come from granting financial advisers access to the Australian Taxation Office (ATO) portal. Speaking on The ifa Show, O'Reilly proposed that this access would significantly simplify the services financial advisers provide to clients, particularly at tax time and the end of the financial year (EOFY). - read more
RBA Holds Rates Steady, Shocking Markets and Shifting Economic Expectations RBA Holds Rates Steady, Shocking Markets and Shifting Economic Expectations
09 Jul 2025: Paige Estritori

The Reserve Bank of Australia (RBA) has decided to keep the official cash rate steady at 3.85%, taking many by surprise after expectations of a 25-basis-point cut had built up in financial circles. This unexpected move comes amid recent data indicating easing inflation and weaker than anticipated economic growth, conflicting with prior predictions of a cut. - read more
RBA to Continue Interest Rate Cuts Amid High Unemployment RBA to Continue Interest Rate Cuts Amid High Unemployment
08 Jul 2025: Paige Estritori

The Reserve Bank of Australia (RBA) is anticipated to maintain its trajectory of incremental interest rate reductions, according to insights from leading financial analysts at ANZ. Recent data from the ANZ-Indeed Australian Job Ads series revealed a rise from 114.8 in May to 116.9 in June, suggesting a potential rebound in job advertisements after previous declines. Despite a stable unemployment rate and hours-based underutilisation rate since mid-2024, the Australian labour market remains strained. - read more

Start Here

Get a free truck loan eligibility assessment and compare truck finance and leasing options without accessing your credit file!!
Loan Amount:
Postcode:

Quotes are offered free & without obligation. We respect your privacy.

Knowledgebase
Loan Origination Fee:
A fee charged by a lender for processing a new loan application, typically expressed as a percentage of the loan amount.