When it comes to buying a new car, deciding on purchasing a used car is a far more cost effective way to get the new auto that you want. There are many benefits of buying a used car over a new one, the initial costs, the fact that used cars hold value far better and you can also get a better car than what you perhaps could afford if you decided on buying new. There is a stigma attached with some used car salesmen so you need to ensure that you are fully prepared with how to go about buying your used car, here are some top tips for you to help you out.
Know What You Want
If you are going to buy a used car from a dealership, it is important that you have a firm idea of what you are after before entering , simply turning up to see what they have leaves you vulnerable to a strong sales pitch for something which you may not have had in mind. Do plenty of research beforehand, check out magazines and classifieds and look online to get an idea of what you want. Consider what you will be using the car for and how often you plan to drive it in order to narrow down your options.
Keep Your Price to Yourself
Sales staff will always want to know what your budget is when you walk into the dealership, this is so that they can do their best to max it out on the price of the car and any add-ons which they might be able to sell you. You wouldn’t reveal your budget when you enter the grocery store so don’t do so here.
Inspect the Vehicle
Unfortunately, there is some truth in the stories that there are some real cowboys out there in the used car industry and in order to protect yourself, you need to ensure that the car is in great condition before you buy. If you, like many of us, don’t really know what you should be looking for under the bonnet, then take a professional. Naturally it helps if you know someone that has knowledge about these things but if not, it might be worth giving a mechanic a few dollars to give you a hand.
When the time comes to talk pricing, you need to be hard and smart with your negotiation skills. Don’t ever accept the price that is on the car, this will be largely inflated, try to aim to take 10-15% off the price of the car. If you don’t get the price that you want then it is time to walk away. Very often, the sales staff will want to make the sale far more than you wish to buy the car so try to remember that. You may be offered some add-ons to sweeten the deal, if this happens then take some time to consider things before making a decision. A good technique is to tell them that you wish to sleep on it, once you leave the car lot you can pretty much guarantee that they’ll be on the phone soon with a better offer.
Are you in the mood for purchasing a used car?
If so, the most important thing you can do is take your time looking for one.
One of the things consumers (like yourself) need to avoid is rushing into buying a vehicle. When one does that, they could very well end up with a clunker, a clunker that costs them money and quite possibly their safety and the safety of those around them.
With that being the case, make sure you do your homework before agreeing to buy that used vehicle.
So, are you ready to start searching for the perfect used car?
Do Your Homework and Take Your Time
When it comes to locating the best used car out there for your needs, keep the following pointers in mind:
- Search – As mentioned a moment ago, avoid the impulse to just go out and buy anything on the spot. When purchasing a used vehicle, it is just that, used. As a result, you don’t know its history without asking questions and/or doing an online search to try and learn more. That said spending time on a license plate lookup is a good way to try and dig into a vehicle’s history. Find the best online resource tool to do just that, allowing you to uncover as many details as possible regarding the vehicle of interest. You should also check different online resources to see what used vehicles are typically going for these days in both the private market and from car dealers. Knowing the average price for your vehicle of interest is important so that you do not get taken for a ride financially (see more below);
- Money – One of the typical reasons many people opt for used cars over new ones is the idea of saving money. That said make sure you are getting what you pay for. Unfortunately, some will buy a vehicle out of their love for it (way it looks, way it drives etc.) without truly knowing what it is worth. In the end, they then realize that they overpaid for it. Go online and use the different resources available when it comes to pricing used vehicles. If the deal sounds too go to be true, it probably is.
Don’t Buy without Testing First
- Performance – Would you buy a new vehicle without taking it for a spin first? Given the answer is likely of course not, the same holds true (even more importance) when considering buying a used vehicle. With all that a used car could have been through over its lifetime, you want to not only drive it, but preferably have a mechanic check it out. Knowing that things such as the engine, brakes, transmission etc. are in good shape is key. If someone tries to sell used a vehicle without letting you try it out, you’re better off hitting the road and finding another opportunity;
- Safety – Finally, you should already know this, but be sure to never overlook the importance of safety when considering buying a used vehicle. You likely do not know if that car you’re considering has been in an accident or two. If it has, was it repaired properly? If not, you could potentially be buying something that will put you and others at risk. This is yet another reason why the vehicle needs to be checked out by a mechanic and an auto body expert wouldn’t hurt either.
If you have the itch to purchase a used car, now might be the perfect time for you to go ahead and do it.
Just remember to use commonsense when making such a purchase.
Make sure the vehicle is thoroughly checked out before you open up your wallet or purse and drive away.