Minister for Fair Trading Anthony Roberts today joined Member for Port Macquarie Leslie Williams to host a session of Fair Trading’s Revved Up program and meet with staff and students at St Columba Anglican School in Port Macquarie.
Minister Roberts and Mrs Williams spoke to students as part of the program, which educates young people on the rights and responsibilities involved in purchasing their first car and the potential pitfalls they can face.
“With the exception of owning a house, purchasing a car is the biggest financial decision a person will make in their lifetime,” Mr Roberts said.
“It’s important that young people who are just getting their licence are not caught out by a bad deal when investing their money in their first car,” he said.
“As first time car buyers, young people can often be seen as a prime target for unscrupulous traders.”
“Leslie has facilitated this event and after speaking with her I’m keen to ensure that we hold several more across the Port Macquarie area, to make sure this message reaches as wide an audience of young people as possible,” Mr Roberts said.
Mrs Williams said that educating young people on what to look for when buying a car from either a dealer or private seller is critical.
“We need to make sure that young kids, especially those who are getting to the point where they will buy for the first time, get value for money. We need to make sure they aren’t left in possession of a lemon, or worse, an encumbered vehicle that can be repossessed,” she said.
Mrs Williams said that one in every five vehicles sold privately in New South Wales each year is the subject of an outstanding loan.
“This simple program can help them avoid that knock on the door by a debt collector saying the new car they’ve just splashed out on has money owing on it and now belongs to someone else, with no course for reimbursement,” Mrs Williams said.
Fair Trading’s Revved Up program provides students with an overview of basic consumer rights associated with purchasing a car privately, from licensed dealers, or at auction, with emphasis on contractual rights and responsibilities, including warranty entitlements.
Additionally, the program covers information about how to obtain finance to purchase a car,responsibilities and options if encountering financial hardship and what buyers should be aware of when looking for a car to purchase. It also includes information about inspections and roadworthiness.
Posted on 12 Wed, June, 2013
by Leslie Williams