New Cars Aren’t Always Super-Expensive!

If you are looking to buy a new car, and your budget allowed a price ceiling of $40k ($40,000), then there is a plethora of opportunity for you out there at the car lot.  It has been interesting to observe the changing winds in the car industry.  The onset of a wide variety of more affordable new electric vehicles (EVs) becoming available to buyers has meant that the opportunity to own a new EV is becoming much more attainable.  There are still some EV issues that need to be seen to before living with an EV becomes a seamlessly easy way of life; however, for some people, the switch to owning an EV has been a good move.  If you can charge your vehicle at home, and most (if not all) of your travel is short distances in a city/town environment, then you’re well on the way to being a happy EV convert.  Or maybe you are reading this and are feeling smug that you are already a happy convert.

Definitely, there are also many more new hybrid vehicles (vehicles that use battery power to enhance the fuel economy of the internal combustion engine (ICE)) that you can buy.  In my humble opinion, these are the best new vehicles to buy, particularly if you want good fuel economy and low emissions but spend time travelling between townships and cities.  They offer the best of both worlds. Let’s face it: Australia’s EV infrastructure is improving but still has a long way to go before it is anywhere near perfect. 

There are still some great new ICE vehicles that use petrol or diesel on the market for a decent price.  Fuel economy has gotten better and better for these types of vehicles, so they still offer a new-car buyer a solid purchase.  Thus, particularly if you are employed in any trade that requires travelling plenty of kms, an ICE vehicle or hybrid can’t yet be beaten on practicality.  You only need to look at the latest new car sales list to read that ICE and Hybrid utes and SUVs still remain the top purchases.

OK, so what’s out there for under $40k (at the time of writing? 

Hybrid Cars/SUVs

• GWM Haval Jolion SUV Hybrid
• GWM Haval H6 SUV Hybrid
• Hyundai i30 Sedan Hybrid
• Hyundai Kona SUV Hybrid
• MG3 Hatch Hybrid
• Toyota Camry Sedan Ascent Sedan Hybrid
• Toyota Corolla Hatch Hybrid
• Toyota Corolla Sedan Hybrid
• Toyota Corolla Cross SUV GX Hybrid
• Toyota Yaris Cross SUV Hybrid
• Toyota Yaris Hatch Hybrid

ICE Cars/SUVs/Utes

• Chery Tiggo 7 Pro SUV
• Chery OMODA 5 SUV
• Fiat 500 Hatch Dolcevito
• Ford Puma SUV
• GWM Ute
• Honda CR-V SUV
• Honda HR-V SUV
• Honda ZR-V SUV
• Hyundai i30 Hatch
• Hyundai Venue SUV
• Hyundai i20 Hatch N
• Isuzu D-MAX Cab Chassis SX High Ride Ute
• Kia Sportage SUV S
• Kia Cerato Hatch
• Kia Cerato Sedan
• Kia Picanto Hatch
• Kia Seltos SUV
• Kia Stonic SUV
• LDV T60 Ute Max Pro
• LDV D90 SUV
• LDV G10 Van+
• LDV V80 Van
• Mahindra PIK-Up Ute
• Mahindra PIK-UP Cab Chassis
• Mahindra PIK-Up Ute Light Truck S+ 4×4
• Mahindra XUV700 SUV 4×4
• Mazda CX-5 SUV
• Mazda 3 Hatch
• Mazda CX-30 SUV
• Mazda CX-3 SUV
• Mazda 2 Hatch
• Mazda 3 Sedan
• Mazda 6 Sedan
• Mazda BT-50 Cab Chassis XS Ute
• Mazda 2 Sedan
• MG ZS SUV Excite
• MG MG5 Sedan
• MG ZST SUV
• MG HS SUV
• Mitsubishi Eclipse Cross SUV
• Mitsubishi ASX SUV
• Mitsubishi Triton Cab Chassis GLX Ute
• Nissan Navara Cab Chassis SL Ute
• Nissan Juke SUV
• Nissan QASHQAI SUV ST
• Renault Captur SUV
• Skoda Kamiq SUV
• Skoda Karoq SUV
• Skoda Scala Hatch 85 TSI Ambition
• Skoda Fabia Hatch Monte Carlo Edition 150
• SsangYong Musso Ute ELX
• SsangYong Korando SUV
• Suzuki Swift Hatch
• Suzuki Vitara SUV
• Suzuki Ignis SUV
• Suzuki S-Cross SUV
• Toyota C-HR SUV GXL
• Toyota Hilux Ute Workmate
• Toyota Hilux Cab Chassis
• Toyota RAV4 SUV GX
• Volkswagen Polo Hatch
• Volkswagen T-Roc SUV City Life
• Volkswagen T-Cross SUV

EVs (Hatchback/SUV)

• GWM Ora Standard Hatch
• BYD Dolphin: Hatch
• MG ZS EV Excite SUV
• MG4 Excite Hatch
• Nissan Leaf Hatch

Some of us are on an even tighter budget.  We would love a new a car, but… Well, here’s some good news:

Six new cars under $25,000 (All ICE)

• MG3 Hatch
• Kia Piccanto Hatch
• MG ZS SUV
• Kia Stonic SUV
• Suzuki Ignis SUV
• MG MG5 Sedan

These prices are typical, but have a chat with the helpful team here at Private Fleet, as we may be able to land you an absolutely stellar deal. Also check out our reviews to get more details.

How to Set a Price When Selling Your car

Selling your car might seem like a simple prospect, but it also entails challenges. Whether you’re upgrading to a new model, downsizing, or simply looking for a change, one of the most important things when selling your current car is to get the right price right.

If you end up mispricing your car, you might not be able to afford your next purchase. That’s why you need to be realistic and find the right balance. With that in mind, these are the things you should consider when setting a sale price for your car.

Due Diligence

Before you come to setting a sale price, do your due diligence. Browse online platforms, such as car selling websites, to gauge the prices of similar makes and models. Consider factors like the build year, mileage, condition, and any additional features your car might have. This preliminary research will provide a solid foundation for determining a competitive price.

Assess the Condition of Your Car

Take a good look at your car’s condition. Assess both the exterior and interior for any signs of wear and tear. Mechanical issues, dents, scratches, and the overall cleanliness of the vehicle can significantly impact its resale value. You may need to perform minor repairs to get the vehicle in an appropriate condition to maximise its appeal.

Depreciation

Unless you’re holding a vintage classic, all cars depreciate over time. Consider the depreciation rate of your vehicle and adjust your price accordingly. Generally speaking, new cars depreciate faster across the first years of ownership, whereas older models hold their value relatively better.

Key Features

You may be able to drive a higher price for your car if it has some sort of special features or distinctive selling points that warrant a higher price. These features don’t necessarily need to be tangible either. For example, low mileage on the odometer is a favourite for many prospective buyers, and it will set your car apart from others on the market. Registration is another distinctive point.

Selling Costs

When setting your price, you will also need to take into consideration the costs associated with the sale. Whether it be listing costs, inspection fees, vehicle history reports, or change of ownership, the sale price should reflect these additional expenses.

Most importantly, expect there to be some negotiation. With this in mind, it’s not uncommon to set your asking price slightly higher than your firm sale price. Not only does this provide you with some flexibility during negotiations, but in a booming market buyers may be willing to pay ‘overs’ for a popular second-hand vehicle.

Understand, however, that it can take time to sell a car via the private market, especially if you are unprepared to negotiate. You can always take a look at trading in your car towards a new one, but the question here centres on your priorities and whether you are getting the most value out of your current car.

What’s The Most Reliable Second-Hand Car Out There?

Some of us may have a family with teenagers; some of us may have kids in their early twenties and at university; some of us will be single and not on a rich person’s wage.  There will be many of us who just can’t justify paying loads of money on a brand-new car, at least not yet.  Fair enough, too, as some cars are expensive when bought new (although here at Private Fleet, we will do everything we can to help you find the best deal). 

For most of us, a good second-hand car is the right way to go to ensure we can do life, get to and from work, hang out with friends, and go on that roadie around Australia that we’ve always wanted to.  For 2023, by the end of the year, almost 2.1 million used cars were sold in Australia.  These stats were from the Automotive Insights Report (AIR) published by the Australian Automotive Dealer Association (AADA) and AutoGrab. 

Thanks to two UK businesses, Carwow and Warrantywise, here are some really good second-hand cars that should be on our radar if we are looking to buy one that has proven reliability.  Carwow and Warrantywise teamed up to reveal the most reliable cars in the UK based on warranty and repair data.  All of the vehicles in the analysis were outside their manufacturer warranty.  In order to be included in this analysis, Warrantywise had to have at least 100 examples of a specific car on its books. 

The analysis revealed that the Honda Jazz is the most reliable second-hand car you can buy, boasting an overall reliability rating of 93.7%.  The next most reliable model is the Mazda 2, while the Toyota Auris (Corolla) comes in third in the rankings. Though this survey is UK-based, most of the cars that dominate the top 15 can be bought over here.  And they’re probably just as good here as they are there.

Note that in analyses done in previous years, the Lexus RX was the most reliable car, but for 2022 (the year of this particular analysis), there were not enough (couldn’t find 100 of them) Lexus RXs to make the Warrantywise’s books, so let’s just chuck this Lexus into the top four most reliable second-hand cars you can buy and be done with it!

Here is a list of the 15 most reliable second-hand cars you can buy in the UK.  The top four have a bit more info about them (albeit with the currency in British pounds, given that that’s where the research was done).  Most of the cars in the reliability analysis can be easily looked up in our Private Fleet Car Reviews page if you want to know more about them.  The Toyota Aygo and the Peugeot 107 will require some more searching, as they were are not really sold here in Australia. 

1. Honda Jazz (2007–2020), 93.7% reliability score.

The top spot goes to the trusty Honda Jazz.  This is a surprisingly practical small car that is also very fuel efficient.  It has put in a stunning performance for reliability, with the average cost of repair being low (£424.31).  The most common fault was with the central locking mechanism.  The most expensive repair happened to be with the air conditioning system (£973.66).  The average age of the Jazz cars in this analysis was 8.3 years old.  You won’t go far wrong buying a second-hand Jazz.

2. Mazda 2 (200–-present), 89.9% reliability score.

The average age of the Mazda 2 cars was 8.4 years old, suggesting that the Mazda 2 remains reliable even as it ages.  It also suggests that you will get a very good run for your money if you get a new version as well.  The average repair bills were impressively low (£319.22), and the most common fault was to do with the suspension.  The most expensive repair was with the electrical power steering pump (£2,422.31).  The Mazda 2 is a comfortable small car with plenty of style.  You can buy with confidence here.

3. Toyota Auris/Corolla (2013–2018), reliability score 89.7%. 

Spacious and comfortable, the zippy Toyota Corolla/Auris is a car that is hard to fault.  With an average age of 8.3 years old in this survey, these are great small/medium cars.  The average repair bill was £767.84.  The Gearbox/Transmission seemed to be the most common fault with the car and was also the most expensive repair (£1841.60).  Based on Warrantywise’s experience, you’re unlikely to go far wrong with the Toyota Corolla.  Sometimes, because Toyotas are so reliable, the first few owners may have skimped on maintenance and are happy to pass the bills onto the new owners.  Make sure the car you’re looking has a service record and has a smooth-operating gearbox. 

4. Mazda MX-5 (2005–2015), reliability score 86.5%.

Here is the most fun and reliable second-hand car you can buy!  The Mazda MX-5 averaged 8.4 years old in the reliability analysis, with an average repair bill being a remarkably low £341.78.  The most common fault was with the suspension, and the most expensive repair was with the air conditioning (£586.94), also remarkably low.

5. Toyota Aygo (2005–2022)

• Reliability score 85.5%
• Average age 7.5 years
• Average repair £375.66
• Most common fault was with the alternator.
• Most expensive repair was the clutch (£1,339.36).

6. Kia Ceed (2012–present)

• Reliability score 85.0%
• Average age 7.9 years
• Average repair £485.36
• Most common fault was wheel bearings.
• Most expensive repair was with the gearbox (£1,914.00).

7. Kia Rio (2011–present)

• Reliability score 84.9%
• Average age 8.3 years
• Average repair £528.23
• Most common fault was the gearbox.
• Most expensive repair was the turbocharger (£1,655.39).

8. Suzuki Alto (2008–2013)

• Reliability score 83.9%
• Average age 6.8 years
• Average repair £328.92
• Most common fault was the electrical system.
• Most expensive repair was with the engine cambelt (£733.70).

9.Hyundai i20 (2008–2020)

• Reliability score 82.5%
• Average age 7.6 years
• Average repair £520.25
• Most common fault was with the electrical system.
• Most expensive repair was with the suspension (£2,361.36).

10. Peugeot 107 (2005–2014)

• Reliability score 81.6%
• Average age 7.9 years
• Average repair £434.89
• Most common fault was the heater fan motor.
• Most expensive repair was the clutch (£1,128.44).

11. Honda Civic (2011–2022)

• Reliability score 80.7%
• Average age 7.2 years
• Average repair £630.86
• Most common fault was with the air conditioning.
• Most expensive repair was with the fuel system injectors (£3,055.73).

12. Renault Kangoo (2007–2021)

• Reliability score 80.1%
• Average age 7.3 years
• Average repair £576.37
• Most common fault was with the electrical system wiring looms.
• Most expensive repair was the gearbox (£1,173.00).

13. Toyota Yaris (2011–2020)

• Reliability score 79.8%
• Average age 8.2 years
• Average repair £795.89
• Most common fault was with the electrical system.
• Most expensive repair gearbox (£3,106.92).

14. Toyota RAV 4 (2013–2018)

• Reliability score 79.2%
• Average age 8.0 years
• Average payout £846.83
• Most common fault was the fuel system injectors.
• Most expensive repair was engine related (£2,055.74).

15. Fiat 500L (2012–2020)

• Reliability score 78.7%
• Average age 6.0 years
• Average repair £551.58
• Most common fault was the clutch.
• Most expensive repair was the clutch (£1,880.21).

Of course, it’s not compulsory to get a second-hand car, and the safety net of the warranty period is certainly attractive with new cars.  Have a wee chat to one of our team and we might just be able to find you a brand new car for a price that’s not that much more than what you’d pay for a second-hand vehicle.

5 Questions You Need To Ask When Financing a Car

So, you’ve decided it’s time to purchase a new car and you’re thinking about taking out a loan – congratulations! 

Embarking on the journey of car ownership is an exciting prospect, and car loans are a great way to turn that dream into reality as they enable you to secure a vehicle today, while managing your budget effectively over the long term. 

However, to truly unlock the full spectrum of rewards that the right car loan can offer, it’s important to navigate the complexities of car financing wisely.  

The most important rule to remember is that when it comes to car financing your car, there is no such thing as a bad question.

In fact, the key to making informed car loan decisions lies in asking several simple yet important questions.  

To guide you, we’ve put together a list of the 5 crucial questions you must ask when beginning your car financing journey. By following this guide you’ll be able to drive away confident that you secured the best possible deal. 

1. “What are my fees on my loan?” 

Most people understand the initial value of their loan, but did you know that your finance arrangement may come with other hidden fees and charges?  

Considering these fees aren’t included in the principal or the interest of the initial loan, they can significantly impact the affordability of your finance arrangement. As such, it’s crucial to ask your financial provider if any fees exist and try to minimise them where possible. 

Whether it’s origination fees, service charges, or other miscellaneous costs, a comprehensive understanding of these additional costs empowers you to make informed decisions and prevent unexpected financial burdens. 

2. “What does it cost to get out of my loan early?” 

A car loan may be a fantastic idea today, but unfortunately, it’s impossible to know what the future holds. 

To ensure you are not caught off guard in the case of unforeseen circumstances, it’s a good idea to ask your financial provider how much it may cost you to terminate a loan early or even how paying out the loan early may impact the terms of the agreement. 

This question, although simple offers flexibility and opens many doors to potential exit strategies. 

3. “What Are My Monthly Payments?” 

Determining your monthly payment obligations is the most important step toward accurate financial planning and budgeting when purchasing a car through finance. 

With so much financial jargon surrounding your car loan, it is best to get a transparent understanding of what is expected from you each month. To do this, ask in no uncertain terms “What are my monthly payments?” and more importantly “How will they change in the future?” 

Knowing the exact figure you’ll be allocating each month to repay your loan now and in the future is key to a smoother financial journey allowing you to truly enjoy that new car smell with peace of mind and clarity about what’s expected. 

4. “Is My Interest Rate Fixed or Variable?” 

That’s right. It isn’t only important to decide between a loan and other payment alternatives, but it’s also vital to consider the types of car loans you have available to you. Asking whether your rate is fixed or variable in nature will help you secure stability or flexibility, depending on what you would prefer from your car loan.  

On one hand, a fixed interest rate provides a steady course of action moving forward, offering predictable monthly commitments. 

By contrast, a variable interest rate opens the door to rate adjustments and allows you to respond to market fluctuations.  

In the end, asking this question is about ensuring that your loan resonates with both your temperament and financial objectives. 

5. “What Happens in Case of Late Payments?”  

Of course, everybody intends to repay their loan according to the terms of the agreement, but sometimes, life gets in the way so it’s important to understand the consequences of failing to make a payment. 

While the chances that you will ever need to make a late payment are unlikely, it is still ideal to take a proactive approach so that you aren’t caught off guard and so you can navigate your financial obligations with foresight and clarity. 

Now you know the questions to ask when financing a car! 

These are some of the most important questions to ask during the car financing process to ensure you avoid common mistakes and get the best possible deal.  

However, this is general information only. The right finance option for you must take into account your unique circumstances and your goals for your car purchase – so always check with your trusted financial professional. 

If you find that you still have some questions of your own about car financing, our team at Private Fleet will be happy to answer your concerns and help you find the best deals for your car purchase. 

Simply reach out to us and we can have a chat about your options. 

Find the right (and affordable) vehicle for you with Private Fleet. 

Private Fleet empowers you to gain all the benefits of a fleet purchase but as a private buyer. 

Backed by decades of vehicle industry experience, fleet buying power and a network of car dealers across Australia, we are here to ensure that buying your next vehicle will be as straightforward as possible for you. 

Shopping for a car is an enjoyable process – let us make it hassle-free, too. 

Reach out to us today for a seamless and simple car-buying experience.