Set a budget



Next, establish how much money you have to spend. As cars are a large expense, you may need to organise finance. Will your bank approve a loan? Are there other institutions that have better terms and rates? Remember, even if you can borrow a large amount, stick to a budget and don't over extend yourself.

Decide on your place of purchase

Used cars can be purchased privately, though dealerships or through auction houses. Compare the pros and cons of buying from all sellers. Traditionally, buying from dealerships was the safest option. But these days' auctions houses are providing potential buyers with additional services including warranties, finance and insurance options. They can potentially save you thousands as well.

Choose the right car for you

Buying your first car should not be based purely on aesthetics. Safety, reliability and ongoing costs are all extremely important factors. Make sure there are log books and safety inspection records for your potential car.

Make the Purchase

Once you have narrowed down your options and found a car that suits your needs and budget, seal the deal. Finding the right car for you will take some time, so remember to be patient and do as much research as possible. This will ensure you are committing to the perfect vehicle for your lifestyle and your back pocket.