Buying a new car is an exciting milestone, but it’s easy to get swept up in the thrill of the purchase and overlook some critical factors.
From ongoing costs to insurance options, taking a closer look at the bigger picture will help ensure your new car is more of a dream than a regret.
Beyond the Sticker Price
The price tag on a new car is just the beginning. Beyond that initial cost, you’ll need to factor in ongoing expenses like fuel consumption, maintenance, and tyres. Some vehicles may have a higher purchase price but could save you thousands over time thanks to potentially better fuel efficiency or cheaper servicing than an older vehicle.
Another important consideration is resale value. Cars depreciate at different rates depending on the make and model, and a well-researched purchase could help with plans to sell or trade it in the future. If you plan to resell locally, take a closer look at what’s popular in the Northern Territory. For example, vehicles that are built to handle the Territory’s rugged terrain, such as Utes and 4WDs, often hold their value better than smaller sedans or cars not suited for off-road conditions. Features like towing capacity, air conditioning that can withstand the Build Up, and solid reliability are often more attractive to local buyers. Understanding the preferences of the Territorian market can help guide your choice and maximise your resale opportunities.
Do You Really Need Those Add-Ons?
It’s not uncommon for dealerships to promote extras like extended warranties, paint protection, or service packages as part of the sale. Some extras, like tyre and rim protection, might not be necessary.
Before committing, ask yourself if the add-ons provide genuine value. Research whether they’re available elsewhere for a lower price or if they’ll actually make a difference to your ownership experience. It’s all about striking a balance between what’s practical.
Insurance
When choosing car insurance, consider the cover offered. Does the policy include coverage for uninsured drivers? What about optional extras like a hire car if yours is off the road? Finding insurance that works for you helps to ensure you won’t face nasty surprises later.
Consider Car Insurance through AANT whether you're a car enthusiast or simply someone who appreciates the freedom of the open road, we're here to help you find cover that suits your needs.
By focusing on these often-overlooked details, you can enjoy your new car with added confidence, knowing you’ve made a more informed decision.
Important information:
This insurance product is distributed by Automobile Association of Northern Territory Inc ABN 13 431 478 529, an authorised representative of the issuer Insurance Australia Limited trading as CGU Insurance ABN 11 000 016 722, AFSL 227681. Any advice provided is general advice only and does not take into account your individual objectives, financial situation or needs (“your personal circumstances”). Before using this advice to decide whether to purchase a product, you should consider your personal circumstances and the relevant the Product Disclosure Statement and Target Market Determinations from https://www.aant.com.au
