People buy used cars for various reasons. Some of them don’t want to invest too much in a new car. Others don’t have the patience to wait in line for their dream model. Your reason may or not be listed here. However, one thing is for sure. You will have a hundred things on your mind as you contemplate if buying a used car is a good decision.
Well, for starters, know that it is not a wrong choice. Some used cars have durable engines that have stood the test of time. There are, however, a few aspects that you must consider to make the right decision.
Before anything, you must decide on the amount that you are prepared to spend. When you buy a new car, the expenses are pretty straightforward. Whether you are paying in cash or financing your car, you know the approximate figure you will have to spend. On the other hand, when you buy a used car, you may have to think about unexpected costs. A used car always comes with the possibility of breaking down in the near future and may cost you more than you had imagined.
It is advisable to consider your financing options. You can either pay for the car in cash or evaluate auto loans. Taking a loan has its own pros and cons. Firstly, it won’t cause a dent in your savings account. On the flip side, the interest rates may increase your overall financial burden. To avail of a loan, you need to have a good credit history. You can check it online before you approach a bank with your request.
Take a test drive
Whatever the condition of the car, always make sure that you take it for a test drive. Taking the test drive will allow you to check if there are any problems with the car. Tell the owner that you want to take it to the highway and up and down the hills. You can even make a checklist before you go for a ride. For instance, look out for any noises or weird smells.
Select a model that will suit your needs and lifestyle. If you are sporty and like to go on adventure trips, an SUV may be the right option for you. On the other hand, if you have kids, it is advisable to check the safety options of the car. Before you make up your mind, you may want to check what the current and past users are saying about the model. The internet is full of reviews that you may find useful. You will know the right questions to ask and what to look in the car.
To protect yourself from any potential problems, try to dig deeper into the car history. It is best to use carfax reports to understand if the car has been in any accidents or has an unfavorable history. It will help to understand if there are serious internal issues with the car. A fresh coat of paint and no dents should be taken with a pinch of salt. There are good chances that the car had some problems in the past. After all, the owner is trying to sell it off for a reason.
Always, always take the opinion of a third person before you make your purchase. Get it evaluated by a trained mechanic who will take a deeper look at the engine and other internal parts. It may cost you a bit, but it will certainly save you more money in the long run. I am not saying that the owner may be trying to sell you a defective car. There are good chances that he may not be fully aware of the problems.
Whether the current owner has the car insured or not, you will have to buy car insurance in your name. To some of you, it may seem unnecessary. However, the real value of insurance always comes during unpleasant times. You can protect yourself from the heavy expenses of repairing your car if something untoward was to happen.