A new car can be expensive, and this is just one of the reasons why many people opt to buy used cars instead. They can be a smarter investment and a way to own your favorite car without the hefty price tag.
If you’re considering a used car, it’s important to not go in blind though. Doing your research and being prepared can ensure you get a good deal and don’t end up dealing with unexpected problems. So, what should you consider when you start looking at used cars?
- What do you actually need from a car?
This is the first question you need to ask yourself as it will help you narrow down your search. There are all sorts of cars on the market, many with set purposes in mind. For instance, some people may need a car that can tow heavy loads or go off-road, while other motorists may need a people carrier.
If you currently have a car, think about what you do and don’t like about it. This may give you an idea of what to look for in a used car.
Some factors to consider include the size of the car, its special features, its mileage and fuel efficiency, its running costs, reliability and cost to insure. - What’s your budget?
You can’t start your search unless you know what your budget is. Be reasonable about what you can afford and stick to your budget. Your budget can make your search easier by narrowing down options. - Dealer or private seller
When it comes to buying a used car, you typically have two options when it comes to who to buy from: a dealer or private seller. Both have pros and cons — it’s up to you to decide what is more important to you.
For instance, you’re less likely to get a warranty with a private seller. But you may be able to avoid the stressful negotiating and upselling that can sometimes come with buying from a dealer.
On the other hand, with a dealer you may be able to trade in your current car as part of the deal for the used one. Additionally, a dealer can be a more reliable choice of seller. But that doesn’t mean all dealers are trustworthy. - Do your research
Don’t buy the first used car that you see. Always do your research and keep your options open. You can look at potential cars to buy using the internet, local trade papers and by visiting dealerships. Remember to keep your budget in mind, as well as the kind of car you’re looking for. Don’t let yourself get caught up in the moment and accidentally buy a car that is suitable. - Know what to look for (vehicle condition, service history, kms etc.)
When you’ve got a list of cars in mind, you can really focus on finding the right one. Along with doing your research on the car, you need to seriously consider many important aspects about it. Match the car against your criteria and budget for a start.
You then need to look at its condition though and any service history. A car that is in poor condition and that has covered many kilometers may be cheaper to buy, but you may need to spend a lot of money getting it fixed up and roadworthy.
An important check is to take it for a test drive. While some problems can be concealed when the car is simply parked in a driveway or in a dealership, few can be hidden when the car is driven. - Cheaper isn’t always better
As you start to narrow down your list of potential used cars, remember that cheaper isn’t always better. A cheap car may be an appealing option initially, but you may end up regretting it in the long term. For instance, it may have been cheap because many of the parts were wearing out and you now need to replace them.
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