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    Choosing the right car

    Congratulations on your decision to buy a car! Before you get the keys, be sure to think about what sort of car you want and need, not only right now but potentially for the next few years.

    • Questions to ask yourself

      What will you use the car for, and how far will you regularly be travelling? How many passengers will you usually have and what else will you be transporting? Consider the size and body shape, and whether you want to buy a new or a used car. When it comes to fuel consumption - are you looking at hybrid or electric vehicles? 

    • Any extras?

      Don’t forget about the extra options and accessories too, such as window tinting, a tow bar or a leather interior. Other features such as Bluetooth, reversing cameras and a built-in navigator screen are also worth considering. These can make a difference to the final cost.

    • Start car shopping

      Websites like CarsGuide and carsales are great starting points to help you find used cars and also give you a sense of the general market, resale prices and value for money across different manufacturers. You can choose to buy a car from a licensed dealership or a private seller. 

    Setting a budget

    Organising your finances, setting a realistic budget and sticking to it is the next step towards getting your new car. Our savings calculator and savings accounts could help you reach your goal. If you’re thinking about getting a car loan, you can compare our personal loans, and use our personal loan calculator to work out what your car loan repayments could be.

    Consider ongoing costs

    Consider any extra or ongoing costs in your budgeting process to make sure you have enough to cover related expenses. Extra costs of buying include stamp duty and registration (which varies by states), and extras or modifications – if you’re unsure, don’t be afraid to say ‘no’. Think about whether you can pay for the operating costs like car insurance, fuel and routine car maintenance, as well as your loan repayments.

    Tips for buying a car

    If you’re buying a used car, it’s generally your responsibility to inspect the car thoroughly. Visually inspect the car, looking out for any external damage, including on any windows or tyres. Don’t forget to check under the hood and under the car itself. 

    When you’re viewing a car, take it for a test drive (make sure it’s registered and has CTP insurance). This will allow you to get a feel for the car and find out what it’s like to drive. Listen out for any odd noises, check that the car drives smoothly and the brakes work properly. Remember to check all electronics, such as windows, the radio and aircon. Don’t forget to check the lights, indicators, and speedometer.

    If the car passes the test drive, the next thing to check is its history. You’ll want to take a look at what previous repairs the car has had, whether it’s ever been reported stolen, and make sure there’s no outstanding finance on the car (through Personal Property Securities Registration (PPSR)).

    Dealership vs private seller

    If you’re buying from a licensed dealership the seller is legally required to disclose any major issues with the car and will often be required to solve defects or problems with cars they sell. If you’re purchasing from a private seller, it’s your responsibility to inspect the car thoroughly to make sure there aren't any serious issues with it – the importance of getting an independent inspection is vital. 
     

    Ready to buy your car?

    If you’re ready to apply for a car loan, you can apply online today. We have pre-approval available which is valid for 90 days.
    Apply online

      Car insurance

      If you need insurance, you can check out the car insurance we offer and get a quote online today. If you’re using your car as security for your loan, car insurance will be required so this should be considered as part of the overall financial commitment.

      Registering your new car

      When registering your car for the first time, you need to check with the road transport authorities in the state you’re registering the car. These authorities are usually responsible for motor vehicle inspections and driver licencing services to ensure your car is ready to hit the road.

      Find the relevant authority below and learn about next steps to register your car in your state.

      • ACT

      • NT

      • NSW

      • QLD

      • SA

      • TAS

      • VIC

      • WA

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