Are you contemplating purchasing a used car? If the answer is yes, this article will help you make an informed choice.
A lot of intending car owners may not afford a lease or pay outrightly for a brand new car because of the present economic realities. The best alternative, in this case, is a used car. Going for a used car is a wise investment to replace your current old vehicle. It is very economical, but used cars can have many issues like wear and tear, dents, and bad history.
So, before purchasing a used car, there are some factors that you must have at the back of your mind. Read on to discover some of these factors to avoid a mistake and buy right.
Table of Contents
Budget
What is your budget? It is the first question you must ask yourself before purchasing a used car. The answer to this question must be an honest one. Having a budget and sticking to it can also be challenging, especially when there are plenty of options to choose from. Still, the good thing about having a budget is that it helps you narrow down your search without overshooting your budget.
The history of the vehicle
You cannot afford to overlook the history of the used car you want to purchase. Don’t be carried away by the fine exterior look because the interior may have had some issues in the past. So, check it carefully to ensure that the used car in question doesn’t have a chequered history. It would help if you were sure that the used car doesn’t have a dent or was used for robbery in the past. It will also reveal past odometer readings of the used car, so you know if the odometer was ever rolled back. The point is that don’t buy a used car based on its look. It’s a great idea to use a vin search to find out all the details on the history of the vehicle.
Proper pre-purchase inspection
A thorough pre-purchase inspection is very critical when purchasing a used car. You have to be sure that what the owner or dealer is claiming about the used car is really what it is. You will have to hire a technician to check the used car comprehensively.
Calling a technician won’t cost you much, and it will also save you from future heartbreak. If the technician checks the car and the findings are at variance with what the seller or the dealer is claiming, it gives you the power to negotiate the price further downward. If you are looking for used cars for sale, you should know that a mandatory check of the technical condition of the car is necessary.
Vehicle reputation
It is essential to go for cars that have a reputation. So, always find out the reputation of the make or model of the used car you want to purchase. If you are not experienced in this area, you can rely on accurate reviews and reports on auto manufacturers that you want to buy their used cars through a dealer or seller.
Do a test drive
You must do a test drive of the used car you want to buy before paying. You have to know what the car feels like while driving it. Is the vehicle safe and comfortable to drive? How are the brake pedals? Does the engine sound very good or terrible? The answers to these questions are only possible if you are behind the wheels.
Why do you need the car?
This is about your lifestyle. Although a specific Toyota Corolla model may suit your lifestyle, if you have a family, you may consider a safe and roomy SUV. You have to think critically about what the car will be used for before purchasing it.
Vehicle financing
How do you want to finance the purchase of the used car? Some of the options include a dealership or bank loan. Your financing options should be kept close to your chest. For any of these financing options, there may be a need to provide some form of documentation such as identity card, proof of income source, residency proof, etc. Ensure that all these documents are handy when approaching the dealer or a bank. Life is a lot easier if you have a fund pool to make an outright payment.
Warranty
Warranty is essential when purchasing any product. It is more critical when buying a used car. Remember to check the terms and conditions when the papers are given to you. A used car with a warranty puts your mind at rest. Check if the used car still has a manufacturer warranty. With a warranty, you can always return the vehicle if there is a fault. Always go for a used car with a warranty. This helps you avoid extra costs if the car is damaged or faulty after buying it.
Insurance
Just like a warranty, you cannot go wrong with car insurance. You will have to provide proof of insurance before purchasing a used car. You cannot close a deal without it. Some insurance companies would allow you to transfer your present car insurance to the just purchased used vehicle, but this depends on different state laws. Check your state law to find out if this applies.
Car title and ownership
The car dealer should provide you with a car title if you bought the used car outrightly. And if you purchased the vehicle from the owner, you will have to check to be sure you are talking to the actual owner and seller. Request the person’s ID and make sure the ID corresponds with the title. If not, avoid such a used car no matter how cheap it is.
