Buying a car is an exciting time but sometimes it can seem like a complicated process. Use our handy guide to help you along the way from researching your options to finding out how much you can afford to repay, and organising insurance, we've got it covered.

Whether you choose to buy a car from a dealership or through a private sale, we can offer you a flexible car loan at a competitive rate. Talk to one of our car loan specialists, who can help you choose the car loan to fit your needs.

Once you have found your car, you can leave the hard work to us so that you can get into your new car sooner.

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Choosing your car

It is a good idea to research what kind of car might be right for you. You should decide what you want to use the car for. What features would you like it to have? Is it for business or pleasure or both? If you intend to use the car predominantly for business please refer to our business finance options.

There are many places where you can research what car is right for you. Read the independent tests and reviews in automotive magazines and on car websites. Car dealerships are a good place to get a real feel for the car and associated costs that might be best for you. Talk to your friends and family, they can be a great resource.

It is worth considering all the pros and cons such as fuel economy, manoeuvrability and how the car would suit your lifestyle.

Quite often, the car you start looking for is not the car you end up buying.

How much can you afford?

You need to work out a budget to determine the amount you'll be able to comfortably repay. Make sure you take into account all of your expenses and then work out how much you will have left for a car loan repayments. You should also factor in an allowance for emergencies in your budget. Esanda has a quick, easy to use car loan repayment calculator to help with your budgeting.

Buying a car from a dealership

Things to consider when buying a car from a dealership.

  • Chances are you’ll be offered different deals by different dealerships, so consider checking out a few different ones before deciding. You could also use online sites to get a better view of prices in your area. Also, consider timing your purchase to take advantage of any promotional deals.
  • Find out about any extra dealer costs. Watch out for the ‘Dealer Delivery Fees’, or the ‘Dealer Origination Fee’ which is the fee charged for doing your loan paperwork.
  • Be sure to ask for the total on-road costs (the driveaway price) to try to avoid the risk of hidden costs or extras.
  • Consider checking the build date and compliance plate of the vehicle you're looking at, to make sure it’s as new as advertised.
  • If you’re buying a used car from a dealer, check if the vehicle is still covered under the manufacturer warranty.
  • In some but not all states, licensed dealers are required to guarantee that nobody else has a claim over the vehicle if its used. You could  check on the Personal Property Securities Register (PPSR) website whether anyone has registered a security interest over the vehicle.
Will you be buying a car through a private sale?

Often the perfect car for you is the one someone else has just outgrown.

We can help with finance for a car purchased privately. Consider the following handy tips if you decide on a private purchase:

  • Make sure the car has a roadworthy certificate.
  • Think about whether any repairs will be needed on the vehicle and allow for these in your budget.
  • Make your purchase offer in writing. It doesn't need to be a formal document, just a written copy of how much you're offering can save disagreements later.
  • Make sure you ask for a receipt.
  • Ask the private seller to obtain the payout figure in writing from their lender so that when you pay for the car, you can give one cheque to the lender for the payout amount and the balance to the private seller.
  • Esanda will require a statement from the seller but will talk you through the details of obtaining this when you're applying for your loan.
Other things to keep in mind when buying a car

Buying a car can be an exciting experience but there are some things you should keep in mind while you are searching.

Find out who owns the car and if it is currently being used as security for someone else's loan

It's a good idea to make sure that the person who says they own the car, actually owns the car.

You should also find out if the car is being used as security for someone else's loan - it's not a problem if this is the case but it means you will need to ensure the finance company will be paid out when you buy the car.

Check the prices

Make sure you look at a number of cars and visit dealerships to compare prices and quality. Check the classifieds, but bear in mind that nearly everyone advertises their car for more than what they think they'll sell it for, so you should have room to negotiate a price that works for both parties.

Have the car professionally checked

A roadworthy certificate or 'pink slip' is not necessarily a foolproof indicator of reliability. Make sure you get a thorough mechanical inspection and ask your mechanic to check that the Vehicle Registration Number (VIN) matches with the numbers on the car's registration certificate. When you do make an offer to purchase, it can be a good idea to make it conditional on a positive independent report from your local motoring association, automobile chamber of commerce or mechanic.

Take the car for a test drive

Even if the car is mechanically sound, you should make sure that it feels right for you before committing to it. Take it for a test drive. This is your chance to discover whether you really feel comfortable driving it. Check all aspects of the car from the lights, the stereo, the electrics and the air conditioning. Make sure you feel that the car suits you and/or your family.

Applying for an Esanda loan

Once you've found your dream car, applying for an Esanda Car Loan is easy.

Get in touch with us now:

Call icon   Call us on 1300 655 086

Apply now

Esanda can finance any Australian delivered and registered vehicle up to 12 years old at the end of the loan term (17 years if you are in Tasmania).

Protecting your investment

Esanda offers a range of insurance products to help you protect your vehicle as well as your loan commitments. There are two car insurance options available: comprehensive and third-party property insurance. If you are financing your car with Esanda, you will need to organise comprehensive insurance. You could also consider loan insurance to cover your finance payments.

Remember, never drive an uninsured car.

Comprehensive insurance

Comprehensive insurance covers accidents and damage to your car and other cars and property.

Third-party property

Third-party property insurance covers damage that you or your vehicle causes to third party property but not to your own.

Loan Protection Insurance

Loan Protection Insurance can protect you against the risk of not being able to make loan repayments if you suddenly stop earning an income due to an accident, trauma, illness, death or you are involuntary unemployment.

Get in touch with us now:

Call icon   Call us on 1800 281 533
 

Important notes

Esanda Motor Vehicle Insurance, Motorcycle Insurance, Motor Equity Insurance, New Vehicle Extended Warranty and Used Vehicle Warranty policies are issued by Allianz Australia Insurance Limited ABN 15 000 122 850 AFS Licence No. 234 708 (Allianz).

Esanda Loan Protection Insurance and Business Loan Protection Insurance are issued as follows: The Disability and Involuntary Unemployment covers are issued by Allianz. The Trauma and Death insurance cover is issued by OnePath Life Limited (OnePath Life) (ABN 33 009 657 176 AFSL 238341), a wholly owned subsidiary of ANZ. ANZ is an authorised deposit taking institution (ADI) under the Banking Act 1959. OnePath Life is not an ADI and this insurance is neither a deposit nor liability of ANZ or any ANZ Group member other than OnePath Life as the policy issuer. Neither ANZ nor any ANZ Group member stands behind or guarantees OnePath Life.

In arranging this insurance, Esanda Finance Corporation Ltd ABN 64 004 346 043 Authorised Rep No. 269742 (Esanda) is acting as agent of Allianz and not as your agent. The information provided is of a general nature and does not take into account your personal needs and financial circumstances. You should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should read the Product Disclosure Statements, available from any office of Allianz or Esanda, and consider whether these products are right for you. We also recommend you read our Financial Services Guide (PDF 104kB).