You can buy a second-hand car for around $5,000, and you’ll get the same car for half the price.
But the first time you buy, you’ll be paying $7,000.
How do you find a bargain?
There are two main ways to find a second hand car: by looking on Gumtree or looking on car-review websites like Carscoop and Cars.com, or by doing a search for the car you want to buy on Gumball.
“We find second hand vehicles almost exclusively on Gumballs,” Gumball’s marketing manager Chris Leung told News.org.au.
“We’ll look at the price, we’ll look for the colour and we find second-hat models that have been extensively repaired or new.” “
So what we do is we search Gumball and Carscoops listings for second hand models and we’ll see what you’re looking for.”
“We’ll look at the price, we’ll look for the colour and we find second-hat models that have been extensively repaired or new.”
You can find secondhand cars at any number of car-dealers, including Car-Bags and Auto-Zone, and some may even have their own car-buying guide.
“There’s a lot more information on Gumblees than you might expect,” Leung said.
“When you buy a car from a car dealer, they’ll have a list of what the price is and they’ll tell you what they expect the price to be.”
For example, if we have a car with a price of $20,000 and they expect us to buy it for $17,000 they’ll ask us what we think the price should be, but if we want to pay more, they won’t give us that information.
“If you do a search on Carscooper, for instance, you can see a list, and the prices will vary a lot.
You can look at all the cars that have already been sold, and if you find one that’s cheaper than the price we’ve paid it’ll come out as an offer, or you can go on Gumshoe and find the car that’s the cheapest.”
Leung also said the cheapest second hand deals usually go for around 10 per cent of the price they were quoted.
“I think if you’re buying a car that is going to be driven around the city, then a lot less is being paid for second-hats than for regular cars,” he said.
If you buy the car online, you might have a better chance of finding a bargain.
Car-buyshop and car-buyer site Car-Buyer.com recently started offering a discount on second-handed cars, so you can get a deal on the same model you’d pay a lot for.
“A car is worth more if it’s a bit more expensive, so if you want a car and it is a bit less expensive, that’s going to save you money,” Leong said.
But if you buy from an auction site or Gumball, you could end up paying more than the car was worth.
“For instance, if I’m looking at a car like a Hyundai i30 with a base price of about $24,000 I’m going to have to pay $30,000,” he explained.
“That’s a big difference, so that’s something we’ve been trying to focus on.”
We’re looking at what’s in the car, what’s the car being sold for and what’s on the car itself.
“”When we do this, we can actually look at how much is being charged for the warranty and we can see if we can make a better offer.
“Our first offer is actually $25,000 on the warranty, but we’ll go up to $30k if we see that’s a good deal.”
So if we’re looking to save on the purchase, we’ve got to do a little bit of thinking and try and find a deal that works for you.
“Find out more about second hand autos on the ABC’s Marketplace: second hand prices and deals for cars and boats.