|January 9, 2017||0|
This might be your first car or it might be your fifth, but however experienced you are with purchasing vehicles, it never hurts to have a checklist before you start shopping. Before you go for a test drive or even before you start looking at financing options, read our handy guide and checklist so you know what to keep in mind at each stage of the purchase process.
Buying a used car: what you need to know
Used cars are vehicles which are bought from a dealership or private seller and that are pre-owned. The conditions of used cars vary greatly, as they may be in almost-new condition or they may be nearing the end of their life. A benefit of opting for a used car is that they are generally cheaper than buying a new car, and you can sometimes find a good deal for a car in great condition.
Of course, there are risks that come with buying a car that has been used by someone else. Problems with cars may not be immediately obvious, and the car may even have a problem that the owner wasn’t aware of. So before you buy your used car, you should do some research on the make, model and year of the vehicle and also know what questions to ask the owner. We’ll cover all of this in the guide and checklist below.
Used car financing options
If you’re looking to finance your used car purchase, you have a few options available to you. Here are the financing options available for used vehicles:
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Where to find a used car
One of the benefits of getting a used car is that there are plenty of places where you can go to find one. There are advantages and drawbacks to each option, so make sure you choose the one that sounds right for you:
What you should do when looking to buy a pre-owned vehicle
When you’re looking to buy a car, whether it be old or new, it can be tempting to buy the first car that you like. But a car is a large ongoing expenditure, and it’s important to consider your options before you make your final purchase.
Before you start looking for your car you need to decide what you want. Do you want a big car because you need a lot of boot space, or do you want a small car to make it easy to park in the city? You should think about the main way you will be using your car and then decide how many seats you want, what kind of features you’d like, fuel efficiency and running costs. You should also determine your budget and what you are willing to spend on a second-hand car.
When you start looking for you car you need to do your research. Start looking online and in newspapers, and visit a few used car dealerships. It doesn’t matter what seller you end up going with, because it’s important to understand the current prices in the market and what’s available to you. See what options you have for your budget and see the different types of cars that you are able to get. That way, when you find the car you want to buy, you’ll be able to know whether you are getting a good deal. You might also have some bargaining power when it comes to the purchase.
Used car buyer’s checklist
When you are inspecting vehicles or going for a test drive, use this checklist to make sure you note every aspect of the vehicle to help you make an informed decision.
On your test drive
The body of the car
The interior of the car
The exterior of the car
Documents you’ll need
All the factors that come into play when you buy a used car can seem overwhelming, but you want to make sure that you’re buying a quality vehicle. Now that you know what to look out for and after you’ve done your own research on what cars are available, you can make an informed decision.