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A Declining Market: Car Buying Tips for Today's Consumer.
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It seems that the new car market is on a massive decline, not only on new purchases but in quality of vehicles available to Australian's.
The Australian Bureau of Statistics (ABS) reports that the sale of new cars is on a consistent decline, down 0.8% over the last year. When coupled with the impending shutdowns of the Toyota, Holden, and Ford factories, the Australian car market is changing, and an updated understanding of the best car buying tips is essential.
In truth, the most basic car buying tips are still applicable today: research cars based on the features you need, set a strict budget, and take your time looking through inventory in your area.
But the declining market demands some editions to these time-tested car buying tips. It's also important to fully discuss warranties before you sign the dotted line. The factories aren't set to close until 2016 and 2017, and no matter when you buy, the company will still offer (and must still hold true to) 3-year warranties and available parts and services for 10 years.
In addition to this, take advantage of the decline in sales: dealers are looking to move vehicles fast, and you can negotiate a better price than you may have been able to in the past.
Come 2017, your chances of buying an Australian-made car will be significantly lower. If patriotism is important to you, our best car buying tip is to head to your local dealership now!
A Declining Market: Car Buying Tips for Today's Consumer
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Date Published: 27/08/2014
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