Buying a car: 3 questions to ask

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October 16 Buying a car: 3 questions to ask

Buying a car is a large investment that requires careful consideration. So, before you walk into a car dealership to buy a new car, arm yourself with knowledge. Answer these three important questions to make sure you get the right car at the best price.

1. What car do I want?

The right car should fit your lifestyle, so start your search by determining what you most expect to get out of your car. Here are some practical considerations to ponder: Is it for family or for work? How often will you use your car? What kind of gearbox do you drive, manual or automatic? How many passengers do you have to carry? Do you need to insert car seats for children? Do you need a towbar or roof rack for transporting sports equipment or for towing a trailer? Is it cheap to manage and maintain? What is the most important thing for you: safety, economy, comfort, reliability or displacement? Where do you drive, mainly in the city or in rural areas? How much garage or parking space do you have at home?

After answering these questions yourself, you should have a clearer idea of ​​the type of car you are looking for and can start narrowing down your choice of car. But you’re not ready to go to the dealership yet!

2. What is my budget?

Before you start buying a car, it is important to determine what your budget is and how much you are willing and able to spend on a vehicle. Keep in mind that the total cost of your car is higher than the purchase price, it can also include things like registration fees, auto insurance, regular maintenance, and repairs (if damage isn’t insured). When planning your car purchase budget, be sure to keep these costs in mind and leave some wiggle room with your budget to avoid financial surprises along the way.

If you need a car right now but don’t have the money saved yet, we can help you with a pre-approved car loan. At Max Loans, we understand that there are times in life when people need to finance something they simply don’t have the funds to anticipate and we specialize in providing our clients with quick and easy ways to secure auto loans across New Zealand. . With access to a large panel of reputable lenders, we can find some of the best loan rates and terms on the market. Plus, with a pre-approval in place, you’ll also have the freedom to choose where to buy your car and bid with confidence when you find one! To get an estimate of what your repayments may be and how long it may take to pay off your car loan, you can use our online service loan calculator.

3. What about the insurance?

While insurance isn’t mandatory in New Zealand, it makes financial sense to protect your new car when you go out on the road to make sure you’re covered for any unforeseen events.

The cost of your Car Insurance it will depend on a few things, including the make, model and year of your car, the number and age of drivers, and if there are any major modifications or accessories.

Our team of insurance advisors at Maximum Insurance you can compare a range of insurance policies from our large panel of insurance companies to help you choose the right insurance coverage that fits your lifestyle and budget:


The third party is usually the cheapest insurance best suited to low value cars, covering you for your legal liability only if you cause an accident and damage to someone else’s car. Damage to your car is not covered with this type of policy.


Third party, fire and theft is similar to third party auto insurance but extends to cover your car in the event of loss or damage due to fire or theft. This mid-tier insurance provides protection against the most common risks you may encounter when on or off the road and can be an ideal option if you’re on a tight budget but don’t want the inconvenience and cost of repairing your car or purchasing. a new car if damaged in a fire or stolen.


Comprehensive insurance covers accidental damage to your car and any other car involved in an accident with you and is ideal for those who prefer to have extended coverage anyway.


In Maximum Loanswe know who to talk to about the right car loans with the lowest interest rates and the most favorable terms and we can help guarantee you New Zealand finance ample to have the car of your dreams.

With pre-approved car financing you will have a lot more bargaining power when you start buying a new car. You’ll also have a clear idea of ​​how much you can spend, so you won’t waste time looking at cars you can’t afford.

If you are unsure which car loan suits your needs best, contact the team to Max Loans and we’ll talk you through the application process and help you find the right finance.

Apply now

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This article was published by: Rachael Alexander by title: Buying a car: 3 questions to ask


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