So, you decided to buy a second-hand car, and you started to hunt for the correct car which is used for you. The next steps are going to be a lot trickier than the decision to buy a car. Of course, you need a vehicle in the right condition possible at the cheapest price. Just because you are purchasing a second-hand car it doesn’t mean that you are going to go for a large piece of junk. There are tips you can follow so you will not end up regretting what you bought. A good choice would help you avoid getting a broken car and getting towed by a 24-hour towing service. The basic rule is that you are careful and meticulous when you buy a second-hand vehicle.
- Do your research.
Before you contact sellers, be sure that you arm yourself first with sufficient knowledge regarding the used car model you wish to buy and the price range. Ask for leads and pointers from your colleagues and friends who purchased a second-hand vehicle. Join car forums, particularly the ones that focus on your target or model and then ask questions. Visit the car listings on car classifieds on websites and newspapers to know how much the model you prefer costs.
- Do a comparison of used car prices.
While you check through various buy-and-sell websites going through second-hand cars for sale, try making a comparison of the model you wish to purchase. You should also check out the specs of the cheapest units. These units could have higher mileage or they could be older year models. If you plan to purchase a second-hand car through a car loan, compute first how much you need to pay for interest and how much it’s going to cost you as opposed to paying for the full amount in cash.
- Check the mileage.
In your research, don’t just focus on the prices. The cheapest second-hand cars need not be the best ones to buy. They usually have higher mileage. The higher the mileage is, the older your car is. The older the car, the more parts you need to replace. Make sure that you need to check or inquire about the details on the mileage of the car that you consider to purchase. Avoid cars that have a mileage which is higher than 60,000 km. since these units’ parts have a good chance of being worn out. To verify the mileage of a car, pay attention to the pedals as well as the steering wheel when you inspect the vehicle. The condition can speak volumes about the real car’s age.
- Have a reasonable budget for your second-hand vehicle.
On top of the purchase price of the car, allocate an amount for the replacement or the repair costs that is going to help prepare your car for the road. Based on TopGear columnist Andy Leuterio, it is recommended to allocate at least 20% of the price of the used car. Doing this will spare you the stress of taking out money from your wallet every time a component of the newly purchased car breaks down.
- Dig deeply into the history of the car.
The largest risk of getting a second-hand car is the history of the vehicle. It could have been stolen, met an accident, involved a crime or flooded. There are ways to find out about the service history of a pre-owned car. You may check the Certificate of Registration CR as well as the original receipt or OR.
- Check the used car for red flags.
Check out the filler on the engine block. Check for the inconsistencies in the quality of the paint. Check the touch-ups that cover bent or scratched parts.
- Don’t skip the test drive.
Test the driving unit. Insist on driving the car for a test.
- Negotiate a fair price.
A full inspection and test drive will give you an accurate idea of the condition of the vehicle.
- Never forget to insure the car.
Find the correct car insurance policy and save on costs.