Use caution when snapping up new car bargains

OPPORTUNITIES to save money in the New Year car sales are plentiful but RACQ has advised motorists to do their homework or risk losing financially in the long term.

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RACQ's Russell Manning said motorists should be wary of the detail when purchasing new vehicles, particularly early in the New Year sales.

"Many buyers don't bother to check when a 'new car' was actually manufactured, instead assuming that it was built in the current year," Mr Manning said.

"Typically new cars are sold on their compliance date (when it met Australian Safety regulations) rather than the date the vehicle was actually manufactured, which in imported vehicles can be a difference of many months.

"So while you think you are purchasing a 2014 vehicle, it may have been built in 2013.

"New cars are sold on their compliance date whereas used cars are valued according to their date of manufacture. This could greatly affect its future resale value."

Mr Manning said it was important buyers had all the information before they signed a contract on a new car.

"Check both the compliance date and the date of manufacture so you know exactly what you are getting. If you want a car built in 2014 you must specify that in the purchase contract," Mr Manning said.

Mr Manning said car buyers needed to be wary of "run out sales" when dealers tried to clear current vehicle models to make way for new models.

"While you can save significantly upfront you may lose later through reduced resale value," Mr Manning said.

"It's important to go in with your eyes open and negotiate a price that you're satisfied will offset any potential loss down the track."

For more information about how to buy a car, visit the website



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