With domestic travel restrictions continuing to ease and interest rates at historic lows you might be considering joining the thousands of Australians who have decided now's a great time to buy a new car.
Sales of new cars have surged for the fifth month in a row. The latest figures from the Federal Chamber of Automotive Industries showed a total of 100,005 vehicles were sold in March, up 22.4 per cent on March 2020 sales when 81,690 vehicles were sold.
But making the decision to upgrade to a new car is just the first of many, many important decisions to be made.
What's going to be the best for my family now and into the future? What model is going to be most fuel efficient? Should I be looking at an electric car? How much should I spend? How can I make sure I get the best deal? Hmm, what colour do I want?
How about what vehicle will better retain its value? Some car makes and models and even colours depreciate more slowly than others, so choosing wisely means you'll recoup more of your money if you decide to sell.
Choosing a vehicle is often an emotional experience - you can easily fall in love with a certain model in that eye-catching colour that will get plenty of attention and want to have it straight away.
But by taking a more strategic, hard-nosed financial approach you could save yourself thousands, both at the time of purchase and when it comes time to sell.
Now, this involves lots of research - comparing, contrasting, and deciding. Then comes the art of negotiation. This all takes time, can send your stress levels soaring, and in the end leave you with the nagging feeling of wondering if you've made the right choices.
And these days with stock shortages still presenting challenges in the car industry, the savvy buyer shouldn't be limiting their search to just their local dealerships but instead looking nationally.
One of the options to avoid the stress and get peace of mind is to get a car broker on your side.
Car brokers can save buyers time and money in the purchase of a new car. Their job is to advise and guide you through the decision-making and purchasing process and make sure you secure the best car for your purpose, at the lowest price. And with the least stress.
Brokers use their links with many dealers and their bulk purchasing power to find a car of the buyer's choosing, then negotiate the deal and arrange delivery of the car on the buyer's behalf.
While you might be limited to dealing with your local car dealerships, a broker is usually teamed up with hundreds of dealers nationwide and effectively puts your business out to tender. You may end up with offers from ten or more dealerships.
Financial expert and CEO of Savvy, Bill Tsouvalas, said working with a broker delivers a big advantage to car buyers, particularly in the current market situation where some car stocks remain limited.
"With the lack of stock at the moment you really need to be looking nationally to be able to source a car," he said.
"With a new car you know what you are going to get no matter where you're buying it from so you can take the car for a test drive locally but then use a broker service to source the best price for that car across the country."
Like any big purchase decision, being thoughtful and taking your time when it comes to buying a new car, and getting experts on your side, will reap rewards.
This story is brought to you by Savvy.