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klr81

Buying a car

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Hello all,

We arrive in Sydney on 18th December and have about 4 weeks of travelling before we make our way to where we'll be living in Central NSW. We really want to get a car the week we arrive. We could buy outright but I'd prefer to do a large deposit and then get car finance for rest. I was looking at SUVs a couple of years old at first but actually the prices of new models or showroom models are not that much more. I am not sure whether we'll be eligible for finance as new arrivals, but I will have my contract to show what my salary will be when I start work in January and would be looking at a 50% deposit.

Does anybody think this is unrealistic? Any other advice or pointers would be appreciated. Our only experience of buying a car in Australia was 15 years ago as backpackers with only 1000AUD to spend!

Thanks
Kelly


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Just my opinion here but I would keep it simple because I have no idea how you will go for finance.

For example, a brand new Toyota Kluger = $43k  same car 2/3yr old = $ 30 - 35k ( you can haggle a used car ) and save atleast $10k if not more and not be messing about with finance paperwork and should still feel like a new car.

Ford territory worth a look also.  

If you go the 2nd hand route ( so Toyota Kluger, find a Toyota dealership ) haggle like mad ( screen price says $33k offer $28k and stop at $30k ) don't pay anywhere near the screen price, they will expect you to haggle.

Edited by Wa7

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Cheers. Honda have just actually come back and said they would do finance so long as I showed them my contract. They have a few nearly new for about 30k so we will try and haggle them a bit further down!

Thanks again

 


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That's good then.

Obviously I'm not sure what model Honda they say they have have for about $30k but make sure you see the cars advertised price first ( sounds like they know your budget 😱 ) and will look for you to just buy it because they tell you its worth $30k.

Make sure the vehicles are in the yard with a price on the windscree ( let's say $32k )     then you offer $26k and take it from there. Be brutal or you will get ripped off. 

Last vehicle I purchased was on display for $27500 I payed $21200.................

Carsales.com is a good place to check out prices ( the Honda place you are talking to may even have a few cars on there )

Good luck with it all.

Edited by Wa7

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Thanks - no they don't know our budget. They just know we are looking at a CRV. I have been looking around at costs of new and second hand CRVs so I will definitely not be taking their first price!

 

Cheers


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3 hours ago, klr81 said:

Hello all,

We arrive in Sydney on 18th December and have about 4 weeks of travelling before we make our way to where we'll be living in Central NSW. We really want to get a car the week we arrive. We could buy outright but I'd prefer to do a large deposit and then get car finance for rest. I was looking at SUVs a couple of years old at first but actually the prices of new models or showroom models are not that much more. I am not sure whether we'll be eligible for finance as new arrivals, but I will have my contract to show what my salary will be when I start work in January and would be looking at a 50% deposit.

Does anybody think this is unrealistic? Any other advice or pointers would be appreciated. Our only experience of buying a car in Australia was 15 years ago as backpackers with only 1000AUD to spend!

Thanks
Kelly

Mind if I ask where in ‘central NSW’?

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I’m not sure if you’ve talked finance terms yet but with zero credit history you’re likely to get the worst terms on offer. I was in a similar situation, could have put a big deposit down and tried to finance, or buy a run around out right and wait until I could show positive cash flow through my bank account over a couple months. We decided on the latter and bought a small run around (which we needed anyway), and then a family car after a couple months when we had established ourselves. The guy who I went through for finance reckoned I saved 3% interest and dropped required deposit to only 10% by waiting a couple months and being able to show income in Australia. Considering how much it costs to get set up in a new country (we dropped about $30k in our first 2 months here, including the run around car), it might be something to consider to preserve your cash flow


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Thanks, really appreciate that info. We are going to see what the finance comes back with. If it's a rubbish rate, we'll get a run around. We are quite lucky in that we get a house and utilities with my job, so cash flow won't be too tight. However, I don't want to pay over the odds for no reason!


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just a side note... be prepared for slow turnaround... I just tried financing a $20k car with a $4k deposit and it took the dealer almost two days to give me a response... I ended up buying a steal of a car outright from a mutual friend who has had it in the garage for a while... one owner full service... flew through the roadworthy with a warning about the licence plate light!

you will get warnings about sub$5k cars... and I think it's wise to heed those warnings..  

but be prepared to wait about a bit with some things... 

and haggle like mad... that is very true!!

I walked in expecting the usual 30minute turnaround from salesperson on the keyboard to drivibg off the lot.

(ps... I too had a permanent contract, local bank statements with money in for a few months, bills in hand etc etc, but had obly landed a week before)


Melbourne... ahhhhhh😊

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On 02/12/2018 at 10:46, klr81 said:

Hello all,

We arrive in Sydney on 18th December and have about 4 weeks of travelling before we make our way to where we'll be living in Central NSW. We really want to get a car the week we arrive. We could buy outright but I'd prefer to do a large deposit and then get car finance for rest. 

Bear in mind that car finance contracts last for a number of years,.  We've had several people on these forums who arrived, took out a contract, then for various reasons had to go home again before the end of the contract - and they can't sell the car because they don't own it.  

I know you're moving to Australia with the intention of staying for good, but the fact is that you can't know for sure until you've lived here a while - so it's a lot more sensible to buy a second-hand car, outright, when you first arrive. You can always trade up later once you're sure of your plans.


Scot by birth, emigrated 1985 | Aussie husband applied UK spouse visa Jan 2015, granted March 2015, moved to UK May 2015 | Returned to Oz June 2016

"The stranger who comes home does not make himself at home but makes home itself strange." -- Rainer Maria Rilke

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Hi, great point Marisa. We've already been out of the UK for 4.5 years living in Asia, so I sort of feel we've made the break away and are unlikely to go back anytime soon, but I totally get your point, and it's something to ponder on! Really we will be dictated to by what gets us a car quickest! We really want to be mobile asap! I have a feeling that second-hand could be quicker anyway. 

Edited by klr81

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1 hour ago, klr81 said:

 We really want to be mobile asap! I have a feeling that second-hand could be quicker anyway. 

If you are going to Central NSW then that's wise.  I remember when we arrived (in country Victoria) we were completely stranded until we could get to a car dealership, because public transport is so limited outside the big cities.  The choice wasn't great - second-hand cars in the country are more likely to have had a rough life, driving on dirt roads etc.

I would say your best bet is to head out along Parramatta Road in Sydney and buy a second-hand car for cash - you'll have lots of choice!  The area is nicknamed "Auto Alley" for good reason. The dealerships start around Five Dock, where the Great North Road joins Parramatta Road, and continue for a good distance.   

Edited by Marisawright

Scot by birth, emigrated 1985 | Aussie husband applied UK spouse visa Jan 2015, granted March 2015, moved to UK May 2015 | Returned to Oz June 2016

"The stranger who comes home does not make himself at home but makes home itself strange." -- Rainer Maria Rilke

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You've been  wealth of information! Thank you! We have a hie car for the first week so that we can get around the different dealerships.

Thanks again!


EOI: 01.01.17

Invitation to apply: 02.01.17

Application submitted: 23.01.17

Medicals: 21.02. PCCs: 03.03

Visa granted 20.03.17

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I have always found Bayswater car hire out of Perth mainly) to be cheap and easy to use and have basically new Corollas and Rav4's in white.


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309 & 100 granted 12 Nov 2018, last entry 20th March 2019.

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