If you’re lucky you may be able to purchase your next vehicle outright. For the rest of us we’re going to need some way to finance the vehicle that we want or need. If seeking car finance, Perth Wa motorists would be well advised to seek finance from a reputable car dealership. The rates are very competitive and finance is available for their new, demo and used vehicles. As an example, it can make sound financial sense to use Mazda car finance when buying a Mazda car. This may also extend to further benefits as part of a purchase and it will include payment insurance. If you choose to seek finance from another source or a less reputable dealer in order to save money this may be a false economy, in the long run. However, many people take this route so here are three mistakes that many people make when seeking lower quality car finance.

1. Don’t Be Desperate

Some people tell the dealer that they need a car quickly and that any car will do. This may be the case, but don’t communicate that to the dealer. If you do you will lose any negotiating power that you have. If an unscrupulous dealer senses any weakness on your part you may end up with the wrong vehicle for your needs. In the worst case scenario, you may be sold a bad car with a number of faults. This is compounded if you get finance arranged through them as you could end up paying more at a greater level of interest.

2. Know Your Credit Score in Advance

When seeking car finance, Perth Wa residents should have concrete knowledge regarding their current credit score. The last thing you need is to get a nasty surprise at the dealership and find yourself in a bad negotiating position. At worst the dealer may take advantage of you and get your approval to pay a higher interest rate than is necessary. Get a copy of your credit report before you seek the best car finance. Australia has legislation to deal with unscrupulous dealers, but it is best to avoid the situation entirely and avoid a lot of unnecessary pain.

3. Don’t State a Figure that You Can Afford

I can guarantee that a poor quality dealership offering car finance would love to hear what you can afford. The reason is that whatever that figure is, it is what you will end up paying. By playing your cards close to your chest, you can look at what is available and make up your own mind. This puts you in a stronger position and forces the dealer to offer finance based on their best deals. Don’t be afraid to walk away and take your time to think about what is on offer.

When seeking car finance, Perth Wa drivers should understand that not all dealers are out to rip them off. However, by seeking Mazda finance, Perth motorists could avoid many of these problems. If you would like to know more about the car finance that we offer, contact us. We will be happy to answer any questions or queries that you may have.