The second-hand or used car market is a booming industry in Australia. With the rising popularity of online platforms such as Gumtree, more and more people are opting to buy a second-hand vehicle at a much lower price than they would have to pay for a new model of the same car. In this article, let’s take a look at the most popular used cars in Australia. This will give us a clear idea of which cars will be easier to dispose of when it’s time to sell your car.
Most Popular Used Cars In Australia
To make it easier, we’ve broken down the list into two categories:
- The most popular second-hand small cars
- The most popular second-hand SUVs
The Most Popular Second-Hand Small Cars
There’s no doubt that when it comes to compact cars, the Honda Civic holds pride of place as one of the most popular models in theused cars market. With its trendy exterior, low maintenance costs and reliable performance, the Honda Civic has proved to be a great budget-friendly car.
Also on the list is Holden Astra, providing good fuel economy, decent engine performance and a relatively smooth drive even on high speed. The Holden Astra is definitely good value for money, and this is apparent when you see just how many people buy this car when it comes to the used car market.
The Most Popular Second-Hand SUVs
With a host of features such as active noise cancellation, a reversing camera, touchscreen, 17-inch alloy wheels and automatic headlights, it’s no wonder that theHolden Equinox has been heralded as one of the most in-demand used cars. The mid-sized SUV is popular with just about everyone, right from private buyers to car wreckers and dealers alike.
The Mazda CX-9 is a large SUV that exemplifies luxury. The model combines luxury and safety, offering the best of both worlds. From its leather steering wheel to the blind-spot monitoring and autonomous braking for emergencies, the Mazda CX-9 offers a wide range of features that elevate it from being just another regular SUV.
With more and more Australians choosing to buy a used car as opposed to buying a new model for double or triple the price, the second-hand car industry is flourishing. Buying and selling used cars is now very easy, thanks to avenues such as online platforms and Cash for Cars companies.
Scrap dealers in the Australian states ofNew South Wales (NSW) and Victoria will no longer be able to pay cash for the scrap metals they purchase, all thanks to the cash ban passed. Last year, both the state governments announced that they were banning cash payments for scrap metals, a move made to curtail the rising epidemic of car thefts. But this move also faced some opposition from scrap car wreckers, who claimed that such a legislation would adversely affect their business.
What were the reasons given for the cash ban?
The cash ban did not come as a surprise to many, as the government had been tracking the scrap metal industry quite closely for a while before the ban was put into effect. The main reasons cited for the ban were:
- To fight against the increasing number of car thefts every year. A cash ban would make it difficult for car thieves and illegal scrap metal merchants to do business without leaving a trail.
- Having proper documentation of each transaction will also help fight tax evasion and loss of revenue for the governments.
- A cash ban would help regulate the previously unregulated scrap metal industry.
So, if cash was no longer an acceptable payment method, what other options were there? Payments are to be made through EFTPOS (Electronic Funds Transfer At Point Of Sale) or through non-transferable cheques. These payment methods will ensure that each transaction is recorded, making it impossible for scrap metal merchants to evade tax or trade in stolen vehicles.
What Documents Would You Require to Sell A Scrap Car?
Following the cash ban, in order to sell your scrap car, you must provide the following documents:
- A valid photo ID
- Vehicle registration papers
- Proof of ownership
- The VIN (so the scrap car buyer can carry out a check to verify that the car does belong to you and is not a stolen vehicle)
As part of regulating the scrap metal industry, it is now mandated that only licensed and certified scrap metal merchants can be in the business of buying scrap metals.
Failure to adhere to the rules could see scrap metal merchants being fined as high as $30,000 AUD. In some cases, they might even lose their license.
It was a bumpy ride for a while when the ban was introduced. But now, almost a year later, everyone’s got the hang of it and its business as usual. Looks like the cash ban has indeed helped regulate the scrap metal industry by ironing out the kinks.
Cash For Cars is as simple as it sounds. First, you get a quote for your car – whether it’s junk, old or has just been taking up too much space in your garage. Second, after an inspection and the paper is filled out, your car is paid for in cash regardless of its condition. Third, your car is towed away. And that’s pretty much it.
But how can something so straight forward and convenient have any pitfalls? Well, you’d be surprised. There are certainly many legitimate Car Removal Companies out there, but like any industry there are also those don’t have your best interests in mind.
Here are 4 Pitfalls to avoid when selling to cash for car company
Selling to an Illegitimate Business
Every industry has its small share of disreputable companies. It is important to make sure Cash For Cars Company has a good reputation before deciding on them. This can easily be done by searching online and seeing how they are rated as well as through customer reviews. Any legitimate Cash for Cars Company is fully licensed to recycle and insured. One red flag is if the company doesn’t have a physical address listed online.
Charging a Towing Fee
One of the key benefits of Cash for Car Company is that they remove your car for free. If a Car Removals company is charging you for a towing fee, you can lose a significant portion of your money and they already have a lower standard of service than usual. It also explains why the price is so good.
Being Offered an Unfair Price
Companies offering Cash For Cars Perth wide appeal to people because they are quick, convenient and offer a fair price. But this doesn’t stop some companies from trying to take advantage of the seller, especially if they know that you are rather desperate to sell your car. This is why it is important to get quotes from different car removals companies. If a company’s offer is much less than most of the others, you should be weary of selling your car to them.
Not Being Transparent About the Process
If Cash for Cars Company appears to talk around your questions rather than being transparent, then you should avoid them. If the process is not transparent, you could be unknowingly agreeing to extra expenses when there generally shouldn’t be any.
When it comes to buying & selling cars, each person has a different opinion on how you should do it. Some people claim that, since cars are depreciating assets, it does not make sense to take a loan to purchase them. So, according to them, you would be better off buying your car with hot cash. And what about when it comes to selling your car? Should you look for a cash sale for the car, as well? Let’s look a little deeper into this cash for cars theory to find out if it actually makes sense.
Buying A Car for Cash Versus Taking A Loan
Advocated of buying a cash for car state that, by buying a car by paying its full price in cash, you won’t be left having to pay monthly interest on a depreciating asset. While this is true and makes sense if you have a lot of money and can afford to pay for a car in full without feeling the pinch, it’s not a very feasible option for those leaving on a tight budget.
Even for those with cash to spare, you need to ask yourself this one crucial question: would I rather pay for the car with cash, or invest that sizeable amount of cash in some investment that yields high returns?
Selling a Car for Cash To A Car Removal Company
Getting cash for cars is a common way of selling old, used or unwanted cars. Selling a car to a Cash for Scrap Cars Caboolture wide will provide the car seller with instant cash for the sale, along with perks such as free car removals, free paperwork and a quick sale. So, if your car is not in a good condition and you feel that you will not attract many buyers in the market, then considering a cash for car sale is definitely a smart decision. Not only will you get cash in hand for the sale, you will also get a quick sale, and sometimes, that’s the top priority for most car sellers.
No matter what advice financial experts or auto experts have to offer, the final call should be taken after careful consideration of your financial situation, above everything else. After all, you’re the one who has to face the consequences of the decisions you make.So, consider of a cash for car sale or purchase will affect your current financial situation and then make a decision.