If you're looking for a second hand car in Southport QLD, then you might want to consider an Aussie stand-by favourite like a Holden wagon or SUV. Holdens have a great reputation for being reliable, dependable vehicles that get more than their money's worth for how long they can last - and that means even used Holdens are a great investment. More likely than not, your local used car dealerships will have a few Holdens on the lot for your consideration.
Second-hand Holdens that are under 10 years old can be found for exceptionally low prices, sometimes around $10,000. By any measure, a new-to-you vehicle for that price is a good deal, especially when you consider that many of these vehicles have relatively low kilometres on the dash. So, how can you be sure to make the most of your money when you purchase a new car? There are a few strategies to remember.
Strategy One: Trade-In Valuation
Car dealerships love nothing more than a good trade-in, especially dealerships for used cars. By far the most effective strategy in your toolkit when you buy a new vehicle is to take advantage of the valuation of your current vehicle. A trade-in valuation consists of a fair assessment of the value of your current vehicle, which means it will analyze value based on car history, age, make, model, health, and other factors. Used vehicle dealerships tend to give generous trade-in valuations.
When you take advantage of a trade-in valuation, you automatically get the financial benefit of offsetting the cost of your new vehicle with the value of your old vehicle. For example, if your new-to-you vehicle is priced at $15,000 and the value of your old vehicle is priced at $5,000, then the real price for your new vehicle will be $10,000.
Strategy Two: Financing Plans
If you can't afford to buy your new vehicle with cash, then you can still purchase a cheap vehicle with financing plans. Auto loans taken out through a dealership can be tailored to meet your budget so that you can have a new vehicle with a monthly payment that is comfortable with the rest of your finances.
Financing plans are settled based on your credit history, your current income, and the length of your loan. If you want to get the best plan possible with the lowest interest rate, then making a bigger downpayment and choosing a shorter term limit for your loan is the best way to go. But even if you choose a longer loan timeframe, you can still benefit from low-priced monthly payments.
The main difference between new cars and used cars is the value, and the thing about new cars is that they lose a significant chunk of their value the second you drive them off the lot. What this means for you is that if you want to make a sound financial investment, your best plan is to find a dealership for used cars and take advantage of the many financial strategies they offer.