Financing Your Next Vehicle? Read This Buyers Guide First!
Financing a new car purchase can mean a lot of things for a lot of different people. A well-deserved upgrade, a larger vehicle with more space to fit the kids, your existing vehicle on its last legs, or going for a more environmentally-friendly option. Whatever your reason for buying a car, it’s worth ensuring you choose the right vehicle for your needs with the best finance option that works for you.
So, if you’re in the market to finance a new car, take a look at our tips below.
Look for after sales service, warranties, value for money and support
Instant Finance has its own used car sales operation called “Easy Driver” At Easy Driver you’ll get access to real after sales care. Problem? We’ll put it right. No deposit? We don’t need a deposit. Warranty? We have our “Easy Drive” warranty that has absolutely no excess to pay and is highly competitive with its cover. Ask about our fantastic selection of vehicles, after sales care and “Easy Drive” warranty conditions at any branch of Instant Finance or at the Easy Driver car yard. (See www.easydriver.co.nz for details).
Instant Finance provides car loans through Easy Driver or any other car yard or private sale. The maximum term of our loans is 3 years at a typical interest rate set between 24.95% and 29.95%.
Vehicle inspection tips
Once you’ve got your finance sorted, it’s time to do a thorough investigation of the vehicle you’re looking to purchase.
Firstly, run through a general inspection to see if you like the car, and identify any glaring issues that are likely to be deal breakers.
- If possible, take a car-savvy friend or family member with you. It’s helpful to have a second set of eyes and ears that can pick up on things you might overlook in your excitement to buy a new car.
- Test drive the vehicle to see if you like the way it feels, and make sure to take it on a motorway to see how it drives at high speeds (within the speed limit!). Turn the radio off and listen for any odd noises during acceleration and braking. Note: Ask about insurance during the test drive as you may be liable for any accidents that may occur, even during a short drive.
- Don’t forget to check the car for a current Warrant of Fitness (WOF) and registration. In New Zealand, it’s standard that cars are sold with both up to date. Expired certifications or refusal on the seller’s part to acquire them is a certain red flag.
- Check the history of the vehicle including number of owners, whether it was imported, if there is still money owing, if it’s been stolen. You can get this information in an inexpensive report from Carjam.
If the vehicle passes your general inspection, it’s time to start looking at its mechanical performance (especially important for older vehicles). It’s best to have this done by a qualified vehicle inspector, and the AA offer a very comprehensive report.
Before spending money on a professional report though, it can be easy to check a few things yourself.
- View the car in dry conditions, as it can be difficult to spot imperfections if the car is wet.
- Check that all the body panels are straight. Ripples or dents can suggest previous damage or accidents.
- Look for rust spots or bubbling under the paint, especially around joins or gaps in panelling.
- Check for smoke coming from the exhaust while the car is revving, and at idle.
- Listen for knocking or other strange noises coming from the engine.
- Check the tyre tread. Minimum legal tread is 1.5mm, and uneven wear could mean the wheels need alignment. Make sure to check the spare tyre as well!
- Find out whether the car has a cam-belt. If it does, these need to be replaced every 100,000kms, and aren’t cheap to do!
- Test the shocks by pushing down on the car above the wheel. It should come straight back up without bouncing up and down.
- Look underneath the engine for any oil or coolant leaks. You should also check the ground underneath where the car is usually parked.
- Check the oil and water levels. If they’re low it usually suggests the car has not been well maintained.
If the vehicle finally passes all your rigorous tests, and you’ve had it looked at by a professional, you should be confident that it’s a good buy. Set yourself up with some car finance and you’ll be on the road in no time!
If you’re looking for quick and easy car finance, Instant Finance are happy to help you out. We’ve been helping Kiwi’s with loans since 1971 and can get your new wheels on the road with no deposit finance.
Let us help you with more than just vehicle finance. Our good friends at Easy Driver have a huge range of vehicles available at competitive prices.
Easy Driver is a subsidiary of Instant Finance and can help you find you the right car at the right price, with easy finance options. Easy Driver has over 100 quality used cars at any given time, and if they haven’t got a car that’s perfect for you, they’ll work hard to find it for you.