Choosing the Best Family Car: Considerations and Financing Options
Returned from a school holiday road trip and realise your car is no longer fit for purpose? Growing family or family is growing up and even short trips have become a squeeze in your current ride. Maybe it’s the growing interests and growing collection of sports gear causing a space issues. Whatever the growing pains, perhaps it’s time for a new car. Checking out the best selling family cars can be a great starting point.
There will be many buying considerations – size, style, functionality, safety and of course price. Or more specifically in many instances, the cost of the finance. With cost of living pressures impacting most families, sourcing affordable finance for the new family car will likely be critical to the entire purchase.
We can assist with the finance side and the monthly car sales data may assist with vehicle selection. The latest motor vehicle sales results as issued by the Federal Chamber of Automotive Industries provide information on which brands and models sold the most units in a particular month. While supply constraints need to be taken into consideration, the information can provide insights into new models to consider.
March Top Sellers to Consider
The two big trends coming out of the March vehicle sales data are:- no passenger cars in the top 10 models as buyers continue their penchant for SUVs; and the growing sales in battery-electric vehicles. Battery-electric are starting to out-sell hybrids and with the costs of fuel an issue for many households, could be worth considering. All that running the family to/from school and to sport and after-school activities can result in some pretty hefty fuel bills.
Family cars in the top 10 sellers for March include the Outlander from Mitsubishi, Tesla Model Y, the CX-5 from Mazda, Subaru Forester, Toyota RAV4 and MG ZS. All SUVs
SUVs can be a great choice for family cars. Offering space and functionality but with great driveability features and many packed with the latest safety features. The monthly sales data is broken down into sub-categories including medium and large SUVs.
The top selling medium SUV below the $60,000 price were the Outlander, CX-5 and the Forester. Above that price point are the Tesla Model Y, Audi Q5 and Lexus NX.
In the larger SUV categories buyers the top sellers include the Isuzu MU-X, Kia Sorrento, Subaru Outback, BMW X5, Mercedes GLE and the Land Rover Defender.
Utes or double cab chassis vehicles are another possible option. They great for towing the boat or caravan and/or providing cargo space for bikes and all that other gear that a growing family accumulates. For families that are after a double-duty work-and-play vehicle, the top selling utes were HiLux, Ranger, D-Max and MU-X.
Passenger sedan style vehicles are still available, despite the market showing a preference for SUVs and utes. The top 3 best selling medium-sized passenger cars below $60,000 were the Toyota Camry, Mazda 6 and Skoda Octavia. Above $60,000 the top 3 for March were the Tesla Model 3, BMW 3 and Mercedes C-Class.
Moving up to larger passenger vehicles with an under $70,000 price tag, the top 3 sellers were the Kia Stinger, Skoda Superb, and Citroen C5X. If the family is growing in significant numbers, a people mover could be the right transport solution. The top sellers in this category were the Kia Carnival and Hyundai Staria.
That should provide buyers with plenty of suggestions to get the process underway. When reviewing individual vehicles online, use our Secured Car Finance Calculator to convert driveaway and advertised prices to rough repayment estimates. The calculator is a great tool for narrowing a wish list down to possibilities, where finance is a key deciding factor.
Finance for Family Cars
Two key issues for families are saving time and saving money. Both aspects where we assist when a family requires finance to purchase a new car. We fully understand the time constraints on most families. We save you time by quickly sourcing the cheapest car loan from across multiple lenders.
Inflationary pressures are making a lot of people look more closely at the dollars for every purchase. By sourcing the cheapest interest rates, we save our customers in interest payments.
If your family is facing growing pains and needing a new vehicle, Jade Car Loans may assist with sourcing cheaper finance on all types of family cars, including options like low doc car loans. Our broker-style lender services are not restricted to businesses or buyers of high-priced, luxury motor vehicles. We work to assist individuals and families to source the cheapest finance on all types of motor vehicles, new and used.
Finance options are the same for all types of new family cars purchased for private use. The Business Car loan will suit most new vehicles and most buyers. We arrange this loan with a fixed interest rate and over a fixed term so the monthly repayments are fixed. Allowing our customers to work that new car purchase into their budget over the full term of the finance.
Resolve those growing pains with a new family car and affordable motor vehicle finance from Jade. Whether you need Easy Classic Car Finance or Personal Bad Credit Car Loan Options, we have you covered.
For cheaper interest rates on finance on family cars, contact Jade Car Loans 1300 000 003.
DISCLAIMER: IN REGARD TO MISREPRESENTATIONS AND ERRORS CONTAINED IN THE MATERIAL AS PRESENTED, LIABILITY IS NOT ACCEPTED. THE DETAILS AND CONTENT IS PROVIDED FOR CAR BUYERS AND INDIVIDUALS AND BUSINESS SEEKING FINANCE PURELY AS GENERAL INFORMATION. THIS IS NOT PROVIDED AS THE ONLY SOURCE OF FINANCIAL INFORMATION. ANYONE THAT CONSIDERS THAT NEED FINANCIAL ADVICE ABOUT THEIR SPECIFIC REQUIREMENTS SHOULD SEEK THEIR OWN FINANCIAL ADVISOR.
