1. The cost of transferring the registration into your name
There are a few costs that are involved before you are able to freely own and drive your car. It is important that you prepare your car buying budget to cover the cost of transferring the vehicle’s registration into your name which is also known as ‘rego’. This needs to happen after 14 days of purchasing a car. This process is usually done for used cars. If you are purchasing a new car you will have to organise a new registration of the car.
2. Getting the car to you
You want to get the car to you as soon as possible so that you can start making use of your new wheels. However, if you have not calculated the costs of getting the car to you, you might find yourself with an out of pocket expense. The cost of getting the vehicle to you will differ on how far it is and whether you decide to pick it up yourself or you choose to use a long-haul drive or have it shipped. You can compare your options to find the best one that will help you manage the costs.
3. Roadworthy certificates
Additionally, to register the car in your state you will have to cover the cost of getting a roadworthy and safety certificate which is also known as a pink slip. The costs for getting these certificates will vary from state to state. Therefore, you will need to check with the transport department in your state to know which cost will apply to you.
4. Fuel costs
Getting the car to you costs fuel, meaning you will need to consider your options that are fuel efficient and will not cost you more when transporting your car. Keep in mind that if you plan to pick the car up yourself the average car burns 7.7 to 11.9 litres of fuel per 100km, which can end up costing you anything between $150 – $200 or more. You will also have to factor in food and some possible accommodation costs too.
5. Insuring your car
Insuring your vehicle is one of the costs that come with registering your vehicle. This means that you will have to pay for Compulsory Third Party insurance, which is also known as CTP. This cost is usually attached to the registration fee in most states, but in other states, you could be required to pay for this separately.
Checking a car before putting your hard-earned cash on it is vital. You can run checks on the car through search sites such as Car History, Australasian New Car Assessment Program, and PPSR check to know that it is of good quality and it doesn’t come with issues.