- When shopping for a new car, you should focus on things such as market price, features, discounts, rate of depreciation, and running costs like fuel and servicing. This will make sure you can get the most bang for your buck, and may help when it comes time to negotiate on price.

- Don’t be afraid to shop around for the best deal, and ask for the cash price, which could result in significant savings

- Understand optional extras before you go nuts kitting out your new car. Make sure they are likely to add value to the car if/when it comes time to sell it.

- Look for the drive-away price. Often, things such as stamp duty, rego and CTP are on top of the purchase price.

- Use the tools at hand – visit car comparison websites to see what you can get for your budget.

- When comparing prices, look out for features, added extras, KM’s on the clock, and any potential problems down the track.

- Make sure the car you choose matches the ad, and take it for a test drive to have a mechanic or auto-savvy mate give it a once-over. This way, you’ll be much more likely to spot a lemon without having to experience the sour taste!

- Look into the car’s history with a PPSR check, to make sure there is no outstanding debt on the car, or that is hasn’t had significant structural repairs in the past.

If you’re after finance for your vehicle, it’s important to go with a loan that gives you the best deal on interest rate, while making the repayment process quick and flexible. A Greater Bank Car Loan has a competitive rate, with no monthly or annual fee, with no penalty if you’re able to pay out your loan early. What’s more, loans can be approved in as little as 24 hours*

If you’re looking to pay for your car with cash, make sure you’re able to reach your savings goal as soon as possible by opening a high-interest savings account, like the Greater Bank Bonus Saver. Put your money to work!