Great car ownership starts with great research | Asian Car Guide
September 21, 2020

Great car ownership starts with great research

Buying a car was always termed as being the second biggest purchase you’ll ever make, today though, for many people home ownership isn’t really on their radar.

But, driving a reliable, safe and efficient new vehicle remains just as big a goal as ever, or maybe even more of a goal for us today than previous generations.

If this sounds like you, and you have your eye on a shiny new set of wheels, we have a little secret for you – do your research first.

OK, that might not actually be a secret, but it is worth mentioning how being smart with your next car buying decision can make a big difference in the short, medium and long term.

Take the time to research everything first:

Get the Best Finance Deal

To many car buyers one car loan is the same as the other.

We know though that certainly isn’t the case with not only an array of different car finance providers available to car buyers, but also different financing options available, even from the same financier.

A novated lease might be a great fit for you, or maybe a three-year loan works better for you than a five-year loan?

The best thing to do from the get-go is to use a car loan calculator.

A free tool, the Car loan calculator at Stratton Finance is easy to use and allows you to accurately calculate what your monthly, fortnightly or weekly car loan repayments will be.

While using the car loan calculator you can also work out what your ideal loan term will be (in weeks, months or years), and calculate your loan around what your residual value (any balloon value) might be.

Using a car loan calculator is a must before signing up for finance.

Research the Car

As always, start with the actual vehicle you’re looking at buying/financing.

Is it going to cost you a fortune to run? Will you be spending big dollars just filling the tank every week?

There could be another vehicle available that might end up costing you a lot less at the pump. Check the Federal Government’s Green Vehicle Guide for updated fuel economy figures.

Check out independent car reviews to ensure your prospective vehicle is going to be a good fit.

Lastly, when you get to the dealership, make sure you take your prospective purchase for a real-world test-drive.

Keep the test-drive vehicle for as long as you can, some dealerships will even let you have a car over a weekend, or for a couple of days, just take make sure it’s exactly what you want.

Shop Around

Yep, it might look they’re all selling the same thing, therefore the prices will be the same, though that isn’t the case with new car sales.

Every dealership is out to get your business and that means you should contact at least three before signing on the dotted line.

Ask for their best price on the car you’re going to buy and see if you can get some extras thrown in.

Oh, and it’s always a great idea to buy a car at the end of the month – the car dealers will be looking to clear as many vehicles as possible then and that could see you score an even better deal.

Check your Insurance Premiums

Insurance is often the last thing car buyers think of, but there can be huge differences between different insurers and insurance on different vehicles.

Take the time to get estimates on what your new vehicle will cost to insure – the difference could be hundreds of dollars each year.

Car Buying Checklist Shortlist:

  • Research your finance using a car loan calculator (such as the one found at
  • Make sure you’re getting the right car for your needs
  • Be sure to get the best possible deal on that car
  • Shop around and compare so you don’t pay too much for insurance

So, there you have it, some things to keep in mind when searching for your new set of wheels, hopefully we’ve saved you some dollars in the process and got you a deal that fits your budget and your exact needs.

Happy motoring.