At Smartline Mortgage Brokers Rockingham, we have a great reputation as mortgage brokers who provide home loans in our home area: Rockingham, Kwinana and Baldivis. However, many people don’t know that we have other products in the area of personal finance, such as car loans for new or used motor vehicles.

Here are some tips on how to get your money’s worth when buying a car, truck or SUV.

Make a Budget

Figure out exactly how much you can afford to spend on a car. Be sure to remember expenses such as insurance, maintenance, petrol and registration. Also, have a mortgage or loan broker find out what your interest rate will be.

Due Diligence

Do plenty of research to find out what is available for whatever price you can afford, whether you are looking for a new or used car. Thanks to the Internet, there is a lot of information available on every make, model and year of car or truck. Take advantage of the wealth of information at your fingertips; it could save you a lot of money and inconvenience.

Select the Right Car

After you have done your due diligence, select the car that will fit all of your needs, or at least most of them, for the price you can afford to pay.

Test Drive the Car

Find a dealer that carries your right car and take one out for a test drive. You will want to put it through its paces, testing steering, brakes, acceleration, suspension, all gears and conveniences such as the radio. If you don’t like the car, go back to your research and try your next choice.

Negotiate the Price

If you have done your research, you have more “ammunition” with which to negotiate a good price on your vehicle. At any rate, never pay full price without at least asking for some kind of break.

Find a Great Loan Broker for Pre-Approval

Find a loan broker who has access to a plethora of credit products from numerous lenders. This can save you a lot of money over the full term of a loan and can also make your repayments more comfortable.

We can help you find the right home, business or car loan in Rockingham, Kwinana and Baldivis. Call 0400 204 408 today.