If you are looking for car finance pensioner tips, you’re in luck. There are a number of ways you can save money and get a reliable vehicle. A car purchase is a very big deal at any age, but especially when you are older and retired. Many Australians must carefully monitor their budget to make sure it will last. That means searching for ways to keep expenses down as much as possible.
Car Finance Pensioner Tip 1: Choose the Right Model for Your Lifestyle & Budget
When you begin car shopping, you should have some idea what you want and how much you can spend. That means writing out a budget and a list of must-have features. For your features list, separate each item into a “want” and a “need” category. Obviously, the needs are required, but the wants can be prioritised to help you decide between models. This will establish some guidelines that you can apply when searching the internet or talking to a seller. It will also help you avoid overspending.
Car Finance Pensioner Tip 2: Consider Current & Future Costs When Car Buying
There will be a total cost when you buy the car, but the expense doesn’t stop there. You must also factor in the ongoing cost of maintenance. How much will this vehicle require to keep it on the road each year? Are parts expensive for this particular model? Does it offer any features that could save you money on fuel costs? All of these items should be considered so you know that you can afford the cost of loan repayment plus upkeep.
Car Finance Pensioner Tip 3: Look for Used Cars First
The prospect of buying a brand new vehicle can be exciting, but it’s not the most frugal option. Did you know that your new car loses value as soon as you drive it off the lot? If you’re concerned about saving money, it’s best to look at used models. That doesn’t mean they have to be old. In fact, choosing a two year old model can cost far less and offer the same overall quality and driving experience as a brand new vehicle.
Car Finance Pensioner Tip 4: You Can Get Financing with Centrelink
One thing you may notice as you begin searching for car finance for pensioners is that some lenders won’t even consider those who receive Centrelink payments. Don’t get discouraged because there are financiers out there who will work with you. The quickest way to find them is to talk to Zoom Car Loans. We will connect you to lenders who work with pensioners receiving Centrelink.
Car Finance Pensioner Tip 5: Work with Experts Who Have Industry Experience
Navigating the car financing industry can be difficult, especially if it’s been a while since you bought your last vehicle. Zoom Car Loans can help by providing car finance pensioner tips and information. You can talk to a real human being to get direct answers to your questions.
We can access a huge network of lenders to help you find the best loan product with low interest and flexible repayment options. Call 1300 138 273 to discuss your car purchase or visit the Zoom Car Loans website to fill out a free online loan assessment.