Car Buying Tips

Cars are so convenient. They allow you the freedom to go anywhere anytime you want, but they can be expensive. Here are a few tips on how and when to buy a new car:

1. Cost of the car - We have one of the best car loan rates in Australia. Our new car loan rates are spectacularly good. Generally speaking, interest rates for used cars are higher than for new cars because of the low value of the security taken over the vehicle. Despite the old saying that you lose value on a car as soon as you drive out of the lot, you may find over the course of a loan that you're financially better off to get a new car rather than a used car because of the rate. We can help you with your calculations.
2. Cost of the car - Find out how much you can afford to borrow and get a Horizon pre-approved loan before you go car shopping. This will help avoid over-extending yourself financially and you can avoid being sold expensive finance elsewhere.
3. Cost of the car - Buy the car at the end of the month. If the car salesperson hasn’t made their end-of-month target you’re more likely to get a better deal from them in order to close the sale.
4. Cost of the car - Alternatively, we can help you get a great deal through our FREE car buying service. Just tell them what you want; make, model, colour, accessories etc and they go out and find it at the best possible price!
5. Insurance - We have some great discounts if you nominate who drives the car, if you drive less than 10,000 kilometres per annum, if you're over 55 years old or if you combine your car insurance with your home insurance.
6. Timing - think about the ongoing car costs and buy it at a time when you normally receive more money e.g. tax refund cheque time, bonus time, money from family – birthday etc.
7. Competition - If you take out any loan with Horizon before September you'll go into the draw to win $2,000 cash!

Don't forget we offer great deals for over 30's on Greenslips.