Remunerator News

May 6 2020

The Ultimate ‘First Car Buyer’ Guide

Girl celebrating her new car purchase

You’re buying your first car? Congrats! Often referred to as the second most expensive purchase you’ll make in your life… this is a significant moment, and we’re here to help you get it right.

Here are a few questions you should consider before signing on the dotted line.

What car do I want vs. what do I need?

Often people want high tech and a luxury car but that may not be in the budget! Consider what the basics that you need are: sat nav, apple carplay, 5-star safety rating?

Also consider what you’re using your car for and the type of driving you’ll be doing. Will you be using it for quick trips to the shops? Work commute? Or are you a weekend adventurer? All of these will play a big factor in determining if you need an SUV vs a small city car.

What budget are you looking at?

When you do your research, you’ll be able to determine what car you can afford. While a Ferrari as a first car would be nice, is it realistic?

Carefully analyse what every car offers, you may find a great deal on the perfect car at base price, but to get all the extras you want can increase the cars price by thousands! Look for cars that come with everything you want and need as standard – your hip pocket will thank you.

Also consider what it costs to run the car (cost of a tank of fuel, servicing and maintenance and insurance). These are other extras that will blow you out thousands if you don’t choose a car that’s right for you!

What car finance do I need?

A novated lease is the most affordable way to your new car. How? A novated lease allows you to pay for your new car and running costs with pre-tax income. This reduces your current taxable income and means you pay less tax. With Remunerator, you’re opened to the benefits of our buying power, we can source your car and save you thousands on the purchase price. You have complete flexibility with the type of car you choose and how long the lease term is. Remunerator will manage your entire car buying process, making your first buyers experience simple, easy and affordable.

How long are you keeping the car for?

Do you think you’ll keep this car for 2 years, 5 years or longer? Think about when you expect to upgrade your car in the future. This affects what type of servicing and warranty deals on offer you should consider. Find out who gives you the best warranty here.

Also look at resale values of the same car, you want to get the most for your money when you plan to upgrade!

Petrol, diesel, hybrid or electric? Auto or manual?

What type of fuel is the best for you? Consider what you’re using your car for. This affects the type of car you can actually buy, so don’t get too attached to a model then find out it only comes in diesel when you require petrol.

Also, what type of transmission are you comfortable with? There’s no point buying a manual car if you don’t know how to drive it!

Where should I buy my new car?

Remunerator makes this easy for you. We can source your new car for your, which saves you a lot of back and forth with dealers. You can also be rest assured that you’re getting the best price. We have the buying power to save you thousands on the price of your car by having access to fleet pricing. We also have the ability to source used and demo vehicles from dealerships on 2017 or later models. As a first car buyer, this is incredibly helpful!

How many cars should I test drive?

Once you’ve answered the questions above, you’ll have a clear idea of what type of car you need. If you’re still uncertain, our novated leasing experts have the knowledge and skills to help you! Try book in your test drive for 24 hours so you can thoroughly test it. This ensures that the car fits into your lifestyle.

Does the car need a roadworthy certificate?

Yes. Most dealers will ensure the car has a current roadworthy certificate (new, used and demo). If you’re buying privately, ensure the seller has a roadworthy certificate before you even properly consider the car.

Are you ready to buy your new car? Talk to our novated leasing specialists today on 1800 501 703 or