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NEW CAR GROUP BUYING Getting a fair deal has never been easier!

NEW CAR GROUP BUYING · 2019. 6. 14. · We truly understand you need to love and enjoy your new car, not regret it and have it become a financial burden. The smallest feature can

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Page 1: NEW CAR GROUP BUYING · 2019. 6. 14. · We truly understand you need to love and enjoy your new car, not regret it and have it become a financial burden. The smallest feature can

NEW CAR GROUP BUYING

Getting a fair deal has never been easier!

Page 2: NEW CAR GROUP BUYING · 2019. 6. 14. · We truly understand you need to love and enjoy your new car, not regret it and have it become a financial burden. The smallest feature can

CONTENTS

Welcome 3

The BuddyBuy Method 4

- How it Works - The Promise

Planning and Budgeting 7

New Car Horror Story 8

Getting A Good Deal 9

Dealing with Dealerships 10

Choosing your Perfect Car 11

The Test Drive 13

Lets Talk Money 14

- Borrowing - Comparison rates

BuddyBuy Not your Average Broker 16

- What does independent really mean?

Dealership Lingo 17

Challenging the Status Quo 19

Your new car is much more than just a new set of wheels, It's something to now make beautiful and lifelong memories with.

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G’DAY! AND WELCOME

There’s nothing quite like that new car feeling. The scent, the comfort and the excitement you feel driving away from the dealership in your brand-new ride is an experience that’s hard to top.

If you’re taking the time to read this then you’re likely in the market for a new car.

Congratulations!

The BuddyBuy e-book is a great place to start, with valuable information on how to make sure your new car buying journey is straightforward and enjoyable. The way it should be.

Your new car is far from just a means to get you from A to B.

A new ride can make even the most mundane tasks can feel fun, and even the smallest feature can make a world of difference, so if you take anything away from this e-book it’s:

· do your research (with your head, not just your heart)

· set a budget

· be patient

· as the buyer, you have the power in the negotiations.

Whether you decide to work with BuddyBuy to group buy your new car or not, I wish you all the best in your exciting new purchase.

I’m sure you’ll love every minute behind the wheel of your brand new ride.

Regards,

Thomas Holz, Founder

BuddyBuy Australia

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THE BUDDYBUY METHOD

Group buying or collective buying to achieve better prices isn’t a new concept.

In fact, this approach has greatly impacted the way people purchase or consume products and services all around the world.

We’ve adopted the proven model of group buying and applied it to new car purchasing, creating our very own and unique car buying platform called “BuddyBuying”

We let people power do the negotiating for us, securing bulk discounts for our BuddyBuyers that they would unlikely achieve on their own.

Direct to Dealer

BuddyBuy

Co

st p

er C

ar

No. of Cars

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HOW WE DO ITBuddyBuying is new car group buying, and group buying means big discounts.

Group buying is when a group of like minded, committed buyers come together to jointly purchase items or services in bulk to lower the ‘per unit price’.

Group buying gives people the opportunity to benefit from bulk pricing without needing the resources to buy large quantities on their own.

There is a lot of work that goes on behind-the-scenes to negotiate and facilitate a group buy, but rest assured we’ll make your job as a BuddyBuyer as simple as possible.

We’ve Adopted the proven Model of Group Buying and applied it to new car purchasing, creating our very own and unique car buying platform called BuddyBuying

You will be added to a BuddyBuy group with other like-minded buyers in your area.

BuddyBuy assigns you with a purchasing manager, think of them as your new car concierge.

They will handle all aspects of the buying process for you right up to the final delivery.

Your very own personal negotiator, who’s not only dedicated to saving you as much money as possible, but also to making your new car journey a simple and enjoyable one.

1.

Choose yournew dream car

Our unique bulk buying negotiations take place.

We present these Buddy Groups to our Australia-wide network of reputable new car dealerships.

This is when the magic happens.

The dealerships bid against each other in our unique negotiation process, offering us their lowest prices for the group.

We do all of the leg work and negotiations on the group’s behalf, using this collective buying power as leverage, so you can enjoy the discounts.

The lowest priced offer wins the group’s sale.

2.Competing

dealerships offer us there best prices

for the group

2.

We negotiatethe group buy

Once negotiations are complete, we provide you with your obligation free, heavily discounted BuddyBuy new car price

Group Buying gives us negotiating power that we otherwise wouldn’t have, securing you better prices than if you were going in alone.

3.

Receive your discounted price

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THE BUDDYBUY PROMISE

The BuddyBuy promise was created for us to operate under, to ensure we continue to uphold our values, morals, ethics and to remain truly independent with our clients interest at the forefront of everything we do. With an emphasis on providing transparency and honesty in the car industry.

THE PROMISEBuddyBuyacceptsnoreferralfees,nocommissionsornoincentives(financialor otherwise) from any dealerships in Australia.

Our promise is to provide a 100% client driven and truly independent service We work with the dealerships FOR you.

This means, by negotiating on your behalf we are proudly committed to getting you the best possible price we can on your new vehicle.

If our collective buying platform is unable to beat your quote or save you at least $1000, our services are completely free!

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PLAN AND BUDGET

A new car is likely one of the largest purchases you’ll make in your lifetime, but all too often it’s an impulsive purchase, rarely thought out.

Here’s a scenario: You walk into a new car dealership, just browsing, exploring your options and possibilities for a new car.

The sales person approaches you, begins the well-rehearsed spiel. You sit in a new car, the sales person tells you how easy the finance is and can even refinance your other debts at the same time.

You’re mad if you don’t take the offer... right?

Oh and luckily for you, this is the last available car on the floor, otherwise you will have to wait many months for them to order in another one.

You can live with brown instead of white... right?

But you’d better decide quick because there just so happens to be another interested couple coming back to look at it this afternoon, so it’ll likely be sold.

Geez, you’d better hurry or you might miss out!

If you’ve got a licence and credit card you can lock it down now and it’s all yours

Boom.

Suddenly you’ve overpaid for a car you weren’t even sure you wanted in the first place and now you’re locked into a finance package that may (or may not) be affordable to you.

Unfortunately, this is all too common and was a big part of the reason why BuddyBuy was created.

We encourage our BuddyBuyers to be patient, shop around, take test drives, budget correctly, save as much money as they can before making a purchase.

We truly understand you need to love and enjoy your new car, not regret it and have it become a financial burden. The smallest feature can make all the difference and doing your homework and research is an important and often overlooked part of buying a new car.

Sometimes a car means more than getting from ‘A’ to ‘B’ it can be a place to do business... grab a rare break... and catch up on the important things.

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NEW CAR HORROR STORY!

It’s the stuff of nightmares, but unfortunately, it’s true story.A young couple wanted to purchase a new car and worked with a dealership to reach a decent price. Once they went in to purchase it, their finance wasn’t approved. Red flag!

Instead of downsizing to a cheaper car or waiting until they had a larger deposit they were determined to purchase it without delay. The couple tried numerous dealerships around town and were rejected twice more.

They then got a phone call from the first dealership they’d spoken with weeks earlier, inviting them in to talk about their finance once again. The dealership had been able to ‘sort something out’ and could now offer them finance on a new car.

The scary thing is that it wasn’t the car they originally wanted (a popular family car) but an upgraded model the dealership already had in stock at a price $7000 higher than their original budget.

The couples finance was approved and they purchased their new vehicle.

The couple had their new car all of two years before it was repossessed. The truly tragic part of this story is dealership knew the couple couldn’t afford a new car as they had been knocked back for finance previously.

Knowing they’d struggle with the repayments the dealership signed them up for finance they simply couldn’t afford to move the expensive car out of their inventory

WHAT THIS STORY TEACHES USThe horror story just described happens all the time, with finance being handed out to people who simply can’t afford to repay it. It’s incredibly sad.

Now obviously we aren’t saying that all dealerships are dishonest, unscrupulous, manipulative and evil! We also acknowledge the car sales people have jobs to do. In fact they’re are often helpful, friendly and passionate about helping you get behind the wheel of your dream car.

If you want to buy a new car, they’ll work tirelessly to figure out ways you can make the purchase. But the simple fact is the perception of the car industry isn’t a very good one. In fact it is one of the most distrusted industries in the country.

Add to that the discomfort most people feel when negotiating (in any situation) and you have a recipe for stressed, over committed and bewildered buyers.

This is why BuddyBuy was born!

In 2016 BuddyBuy conducted an online poll asking over 300 Queenslanders to describe a car salesperson in three words.

The most common answers were:

· pushy

· manipulative

· annoying.

We should also mention some answers included attractive, funny and kind (although these responses came from two very good friends of ours who happened to be car salesmen).

Now enough negativity, let’s talk about some of the good!

Our group buying methods have been able to secure some amazing deals for our BuddyBuyers, with the average savings being $4100 so far.

We share our favourite stories on our website here:

www.buddybuy.com.au/stories

TRY THIS!Just for fun, jump on Google and type in the search term “car salesman are…”, and see what the top three search suggestions are. Yikes!

There is a common perception of the industry and the methods used to sell vehicles, and BuddyBuy was created to protect people from that.

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GETTING A GOOD DEAL

According to a 2018 Canstar survey of 2,300 Australian motorists, the biggest deciding factor when choosing a new car is the price.Now speak to anyone you know that has recently purchased a new car, they will all tell you the same thing. “I got a good price” “they wanted X amount but I got them down to so and so” “They threw in [accessory/tinting/paint protection] for free”

The survey revealed that over 90% of Aussies are happy with the price they paid, which is awesome, but... Did they really get a good price? Did they really knock it down as much as they thought? Or did the salesperson just do their job really well and convince them that they were getting a deal that was too good to refuse?

While the Canstar survey statistics showed we are concerned with price, the high number of delinquent car loans in Australia suggest we aren’t thinking through these purchases enough.

SO HOW DO YOU GET A GOOD DEAL?Here’s a few quick tips our experts have put together to help you not only get a fair deal but make your experience a good one.

1. Be polite No one wants to help a jerk. You will find politeness will get you a lot further than a hard-nosed approach to the negotiations. Do your homework. Jump online and see what others are paying for those vehicles. Establish a realistic price to aim for. Keep an eye on accessories and extras which you can use these in your negotiations.

2. Be firm Don’t be intimidated by the salesperson, the process or the test drive. Don’t let them sell you something you don’t want or need. Sometimes they won’t budge on the price, that’s fine, they may not need too. Someone will. Find them.

3. Time it right Timing can make a big difference in the prices. The end of financial year sales and run out plate clearances are a good time to negotiate and score a good deal. Use them to your advantage if you’re OK with last year’s plated vehicle.

4. Be savvy Get multiple quotes, shop around, talk to different dealerships and get prices from each. Keep your options open and use quotes as leverage. A local dealership may agree to match a price from elsewhere.

5. Be realistic Don’t look at your trade-in car through rose coloured glasses. Yes, you love it, have treated it well and it was a great car, but at the end of the day, it’s probably not worth as much as you think. Remember the dealership is buying it off you to make money from it. Include your trade in vehicle in negotiations, but don’t have unrealistic expectations.

6. Say no! Don’t let them slog you with bogus ad-ons. Paint and fabric protections, rustproofing, extended warranties. Do some research as to what they are offering and whether you need them. Vehicles are treated at the factory with

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protections and any rust or paint issues should be covered under warranty.

7. Assess value not just price. Avoid adding pricey accessories to your car, instead look at the next model up. Don’t add a sunroof, chrome wheels, leather trim and the likes to a base model. Often, you’ll get more bang for your buck by upgrading to a higher model with these options coming standard.

8. Call BuddyBuy! If all this haggle and hassle sounds like too much to bear, give BuddyBuy a call to do the hard work for you.

Car dealerships are no different to any other retail sales environment. The expansive showrooms, strategically placed lighting and top-of-the-range models are all designed to convince you to buy. That’s before you speak to highly experienced sales person, trained in persuasive selling techniques. Don't let the shiny paint dupe you into a huge financial decision.

Firstly, before you set foot in a dealership save as much as you can before you commit to buy. Easier said than done right? But having a larger deposit means you need to borrow less which saves you money down the track.

SAVE MORE. BORROW LESSUnderstand and research your options before you get to the dealership. This includes finance (you don’t have to finance through the dealership if you don’t want to).

When you get to the dealership take your time. If you’re just browsing, tell them. If you’re feeling pressured, confused or rushed in any way just WALK AWAY.

Try your best to separate your needs from your wants to avoid regret down the track.

Let’s face it, status and appearance play a huge role in new car buying, especially when standing at the dealership. We all want to look cool and feel great. That BMW coupe might look amazing, but is it more suitable to your lifestyle than a Toyota Camry?

Don’t have private discussions with your significant other at the dealership. Need time to talk? Go for a walk, find a coffee shop or head home. Don’t make deliberations and considerations at the sales desk. You never know who is listening

Ready to buy? Consider the overall price of the vehicle and the long-term costs of ownership, not just the weekly repayments. Get the figures for the full loan amount, including all interest fees and charges and give the ongoing costs such as insurance and servicing some consideration too.

When you’re ready to buy a new car plan for it, set a budget and do the research - you’ll be fine and love your new car for years to come.

DEALING WITH THE DEALERSHIP

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CHOOSING YOUR PERFECT CAR

Choosing your perfect car can be tough. There are around 50 car manufacturers selling cars in Australia at the moment with thousands of variations and models to choose from.

Unfortunately, there’s no car industry ‘Tinder’ to pair you with your perfect match The smallest features of a car can make all the difference so making the right choice can mean the difference between loving your new car or regretting it.

Satisfy your needs and you’ll be OK.

Deciphering your needs from your wants is the first step, if your car is going to be used as a daily driver, practicality and functionality deserve more consideration over style (at this stage anyway).

Let your needs, not wants, drive your decision. Consider your lifestyle, what you need the car to do and what you will be using it for.

Consider things such as:

· How long is your commute to work, is fuel efficiency important?

· Will you be towing things like a trailer or boat?

· Do you need lots of storage for luggage on road trips?

· Are you a weekend warrior and need a 4x4 or AWD?

· Do you have or are you planning a family and need to transport several people?

· What’s your parking situation like at home or work, is it a large garage or cramped parking spot?

· How will the latest high-tech features solve an existing problem you have (or can you live without the heated seats)?

· Will you be driving with little humans on board so safety is important?

· Do you have pets that could damage leather trim?

Consider all the ongoing costs of the vehicle also, such as servicing, warranty and insurance, registration etc.

Think about your current car and what it lacks and what would make it better. Do passengers complain about the lack of legroom, is it thirsty on fuel, uncomfortable on long trips?

Making the right choice when choosing your new car will be the difference between loving it for years to come or soon to be dreaming of an upgrade.

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Really sit down and put some thought into it, jot down some notes if it helps. Once you start telling people you are looking for a new car, you are bound to be hammered with misinformation and opinions on vehicles from your friends and family. While it’s good to listen and take the information on board, note a lot of it, while intended to help you, will often muddy the waters.

Do your own research.

Once you know what your needs are, the next step is to check your budget. Online calculators are plentiful and are a great tool to help you work out the repayments on any type of new car.

The Money Smart Car App is a BuddyBuy favourite and can be found at:

www.moneysmart.gov.au

Set yourself a price that’s reasonable or risk setting yourself up for financial and emotional duress if you set an unrealistic budget.

Jump online and start searching, there are literally hundreds if not thousands of websites out there dedicated to providing reviews, comparisons, information on the cars.

Narrow down your list of potential vehicles to no more than 3.

Once you’ve determined your criteria and your budget and narrowed down your list of potential vehicles, now is the time to worry about the looks.

You’ve probably already been drawn to a certain car from the start based purely on looks, this is fine, you’re not going to enjoy driving something you think is hideous.

Our favourite car buying advice comes from Scott Pape (the Barefoot Investor) who recommends “buying the cheapest car your ego can afford”.

This is brilliant advice.

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You've researched, budgeted and planned and now it's time to test drive. Even if you’ve made your decision already, it’s important to test drive a few of the competitors as well (just in case).

You may be surprised by a car that changes your mind.

Make sure you thoroughly test drive of all of them, not just a quick drive up and down the street in front of the dealership. Really spend some time behind the wheel, mimicking your daily driving habits and making sure you're test driving the exact same model you would likely buy. Same model, engine, transmission, specs… same everything.

TEST DRIVE CHECKLIST:• Set up the seats and mirrors how you normally would monitor visibility while

driving and parking (i.e. check for blind spots)

• Take it over some speed bumps (slowly, as you normally would)

• Bring a friend along to pick up on anything you might miss

• Drive in some stop-start traffic

• Take it on the highway or a motorway

• Drive it up hills, through roundabouts and some tight corners

• Test the different driving modes if applicable (i.e. sports mode)

• Park it in your favourite shopping centre car park, front, reverse and parallel

• Mimic your school run if you have kids, even better, bring the car seat and your kids along as they’ll give you some information regarding what it's like in the rear

• Climb in and out of the vehicle multiple times, sitting in every seat

• Ask the salesperson to drive for a while so you can experience what it’s like to be passenger

• Practice loading your shopping, golf clubs or a suitcase into the cargo area

• Drive the car with the stereo off, AC down and minimal chit chat, listening carefully to how the car sounds and the road noise.

THE TEST DRIVE

BUDDYBUY TIP: Screenshot the checklist and go in prepared!

If the salesperson is hesitant to let you spend too much time behind the wheel than simply go elsewhere.

It’s a huge financial decision you are making and if they aren’t able to accommodate a decent test drive for you or respect your time to make an informed decision, than take your money to a dealership that will.

The more time you're able to spend behind the wheel and get a feel for the vehicle the better and some dealerships will even let you have the car overnight to really experience it and test it.

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LET’S TALK MONEY

The finance option you choose when purchasing your new vehicle is an important decision and should be well thought out and planned.

It is often implied by a salesperson that financing your new car through the dealership is necessary.

This is not the case.

Do your homework, research, plan and compare!

Do yourself a favour and shop around for a finance option best suited to your budget and circumstances. While usually the most convenient, the dealerships’ finance offerings may not be the best option for you. Check out comparison sites, speak with a finance broker, do your own due diligence and research.

Did you know? Until November of 2018 a lender was able to pay ‘flex commissions’ to dealerships to encourage them to arrange finance for you at the highest possible interest rate. The higher the interest rate accepted by the consumer, the larger the commission earned by the car dealer. This practice was one of the many reasons the industry has become highly distrusted by consumers.

When you’re buying a new car, the dealership considers their margin on a whole transaction basis, including any accessories, insurance and finance they sell you, often discounting a vehicle to make up their profits elsewhere.

Throw in the bogus ad-ons, extended warranty, paint and fabric protection, window tint and more, and suddenly, you’ve spent an extra few thousand.

Pay close attention to what they are selling you and consider if it’s worth it to you

We cannot overstate the importance of doing your research and planning.

BORROWINGIn 2018, Aussies borrowed over 8 BILLION dollars to purchase 1.1 million new cars, which works out to being one car financed every 2-3 minutes.

The average price someone paid for a new car in Australia in 2018 was $36,139 The average interest rate for that new car finance was 6.3%

That means, the average total interest paid over a 5-year loan was around $6,000, not including any additional fees and charges added to the contract.

This is important to take into consideration when purchasing your new car and the total price the car will cost you. A common practice to make the loan more affordable is to stretch it over more time, in turn increasing the amount of interest you end up paying. Lenders may ask you what you’re comfortable paying weekly, and then tweak the finance to suit, meaning lower weekly repayments but more interest long-term.

Australia’s high numbers of delinquency fees and repossessions can be attributed to impulse buying, impatience, poor financial planning, not researching finance options and not having a decent sized initial deposit.

Remember: save more, borrow less.

Car finance can be extremely confusing and difficult to navigate.

Balloon payments, comparison rates, fixed or variable rates, it’s easy to get overwhelmed by the finance jargon, but understanding your options can save you thousands of dollars over the lifetime of the loan.

The Australian Securities and Investments (ASIC) website have some great tools such as calculators and an app to help you make an informed decision when it comes to selecting the right finance option. The money smart car app is an amazing tool to use when budgeting for your new car at: www.moneysmart.gov.au

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It also may be beneficial to speak with a finance broker prior to buying to assist you with an understanding of what finance option best suits you.

Most lenders will provide you with an ‘in principal approval’ meaning pre-approval for a determined finance amount. This is a great way of sticking to your budget and not overspending.

COMPARISON RATESComparison rates show you what the true cost of your loan will be, including the interest and fees/charges associated with the loan. Using a comparison rate is key to picking to the best value finance option for you.

Always compare the total repayment price for your vehicle and there are plenty of online calculators to use to help work out repayments.

Something to keep in mind is the 0% comparison rate dealerships offer might not always be the best deal. Dealerships will artificially inflate the price of a new car to make up the difference in interest when offering the 0% rate and won’t allow you to negotiate on the price of the vehicle.

It pays to be patient!

Taking a little more time to save a larger deposit, doing some research, exploring your options and shopping around will all help reduce the financial stress of what is going to be one of your life’s biggest purchases.

The ongoing costs, not just the price of the vehicle are just as important to consider when buying a new car.

INTEREST RATE FEES AND CHARGES COMPARISON RATE

FINANCE 1 6% 1% 7%

FINANCE 2 6.25% 0.1% 6.35%

Do yourself a favour and shop around for a finance option best suited to your budget and circumstances. While usually the most convenient, the dealerships’ finance offerings may not be the best option for you.

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BUDDYBUY - NOT YOUR AVERAGE BROKER

Traditional brokers seem to be typically ex-salespeople or finance brokers looking for a change of scenery.Still with their industry mentality, contacts and a ‘you scratch my back, ill scratch yours’ attitude.

Not being able to enjoy the same independence and negotiating freedoms BuddyBuy benefits from, restricting them in the way they operate and do business.

In some ways we operate as an automotive broker, but not in the traditional sense.

We let our unique group buying method and people power do all the negotiating for us, ensuring everyone in the group is getting a fair deal.

Unlike a fleet-buying or traditional brokering service, BuddyBuy does not make money off the sale of your car, we work only for your benefit and fight on your behalf for a fair deal.

Remaining 100% independent, not accepting commissions or rewards from dealerships and adhering to our strict BuddyBuy Promise reflects these ethics and values.

We charge our clients an upfront, one off service fee, instead of hiding our fees in the small print or offering a ‘free’ service and then accepting financial incentives from dealerships.

WHAT DOES INDEPENDENT REALLY MEANWhen we say that we’re independent, we mean it.

BuddyBuys independence comes from refusing commissions, rewards, referral fees or financial incentives from dealerships.

This ensures we are staying true to our core values of being a client driven service.

Giving us the ability to remain completely unbiased in our negotiations and the advantage of being able to negotiate with a broad number of dealerships, ensuring we secure the best possible price we can for our BuddyBuyers.

BuddyBuy is the only independent automotive group buying service of its kind in Australia.

Our group buying methods have been able to secure some amazing deals for our BuddyBuyers, with the average savings being $4100 so far

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DEALERSHIP LINGO

You’re likely to hear many new terms and phrases on your car buying journey.You might even see some words on your quotes that leave you scratching your head.

To help you during your car buying process here’s a quick rundown on some of the sales lingo to keep track of during discussions.

ANCAP RATING Australasian New Car Assessment Program. They assess the safety of new vehicles and will rate them using their 5 star system, with 5 stars being the highest. If a car that you are interested in buying scores less than 4, do some research into it and find out why it scored the way it did.

COMPARISON RATES Comparison rates show you what the true cost of your loan will be, including all the interest and all fees/charges associated with the loan. Using a comparison rate is key to picking to the best value finance option for you.

Always compare the total repayment price for your vehicle and there are plenty of online calculators to use to help work out repayments.

Something to keep in mind is the 0% comparison rate that dealerships offer might not always be the best deal.

Dealerships will artificially inflate the price of a new car to make up the difference in interest when offering the 0% rate and won’t allow you to negotiate on the price of the vehicle.

Read our finance section of this eBook for more in-depth information regarding this.

ON-ROAD COSTS On road costs will include charges like stamp duty, compulsory third party insurance, registration and delivery fees.

When getting your quote, always get the drive away price to avoid any surprise charges at the end.

DRIVE AWAY PRICEThis is the vehicle price that includes all of the on road costs. This is the price you want to ask for when weighing up your options and negotiating.

PROCESSING FEES/DOCUMENTATION CHARGESHave you ever had to sign paperwork? Costs a lot right, sometimes hundreds of dollars. This fee is for the dealership to process the sale documentation when you buy a car.

Question it.

DEMONSTRATORThis is a vehicle that is on the showroom and has been used for test drives, driven by staff, taken to events etc. Has a few more km’s than a brand new vehicle does, but it’s a good way to save yourself some bucks.

CAPPED PRICE SERVICINGCapped price servicing means the manufacturer has set the servicing costs for the next 3-5 years. Showing you exactly what your servicing fees will be. Take this into consideration when buying new.

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TRADE INThis is when a dealership will purchase your old car and put the money towards payment for your new one. You can usually sell for a little but more privately, but the convenience of a trade in is often hard to pass up.

DEALER DELIVERY FEES/DEALER PREPARATION FEES/ DESTINATION CHARGES You want them to bring your new car into the dealership, have it clean with all the fluids full and tyres pumped up when you buy it?

Well you better believe you’re paying for it.

These are some of those vague fees that are added to a quote and can often be thousands of dollars, depending on the profit margin.

Technically, these fees cover the costs of the dealer transporting the vehicle to the dealership, checking the fluids, tyre pressure, cleaning it and preparing it for you to purchase. Use it as a negotiating tool.

STAMP DUTY A government tax that is based on the value or sale price of your new car, there’s no getting around it. This has to be paid every time you purchase a new vehicle.

RUN OUT SALE/PLATE CLEARANCEIf you’re ok with last year’s build then a plate clearance sale is a great time to get a new car at a good price. The cars are already a year old and have depreciated in value so take advantage.

Similar to plate clearance, a run out sale is when the dealership needs to make room for new stock and is keen to sell the cars at a discounted price.

MSRPThis is the manufacturers recommended retail price (RRP)

EXTENDED WARRANTYOffered to you as an optional extra and provided by a third party insurer, not the manufacturer.

The cost can sometimes be included in your vehicles price if you’re lucky but will usually be an extra charge.

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CHALLENGING THE STATUS QUO

Challenging the status quo is to behave or do something in a way that is contrary to that which is generally accepted or expected.

The BuddyBuy new car buying process has been referred to as revolutionary, we prefer to view the BuddyBuy platform simply as challenging the status quo, or disrupting the norm.

We have identified a better and more effective method of purchasing new cars and on behalf of our clients we are able to do something unique and valuable.

BuddyBuy is striving to develop a new car buying culture, starting a movement for the smart and savvy buyers among us and protecting them from being ripped off.

Making new cars more affordable, giving power back to the consumer and helping people save money is #whywebuddybuy

We are car enthusiasts, but more importantly, we are money saving enthusiasts and proud disruptors of the new car industry.

Call 1300 BUDDYBUYTo Start your New Car Buying Journey Today

BUDDYBUY.COM.AU1300 BUDDYBUY | [email protected]