10 Things To understand Before Purchasing A Used Car
Here are 10 things to keep in mind before you sign the dotted line on a used car.
1. Prior to selecting a used car you would like to purchase, read several reviews and check if the car has a good track record in terms of reliability. You may get an unreliable car cheap, but it will likely break down. Spend a bit more money on something more reliable because repairs are still costly on cheap cars.
2. Find out the fuel economy rating of the vehicle(s) you are considering, and how much it’ll cost to insure. If this is your first car, insurance will be high especially if you are getting a sporty, 2-door vehicle. Staying with a 4-door sedan will help you get better insurance rates. Furthermore, with gas prices increasing, fuel economy is becoming even more important.
3. As soon as you have chosen a vehicle, make sure you know the history of it. There are a range of companies which will run a history report on the car by checking that the VIN (Vehicle Identification Number) of that vehicle wasn’t reported in an accident, stolen, flooded, or repossessed. Most people are not up front as they wish to sell the car. Seek information and steer clear of anything or anyone you’re suspicious of.
4. Find out the used car value. Check online, local newspapers, and the Kelly Blue Book for what the vehicle is worth. Keep in mind that the ‘book value’ isn’t always the very best measure for what the vehicle is worth as it just provides you with the average value. Knowing what other people are asking in the area will help you negotiate and determine if you are getting a good deal.
5. Have the car inspected by a mechanic. Sure you will know if the car was in an accident by means of the history report but a mechanic can tell if the car was properly maintained. It would be a shame to buy a car and then realize that it needs a $1000.00 repair. A mechanic may find something which you didn’t detect and it could save you thousands.
6. Always stay level headed when looking at a used car for sale and try not to go alone. Having a second opinion is extremely important.
7. If you decide to take the car on a test drive, make certain to try everything out, such as the a/c, radio, and power features (windows, mirrors, locks, etc) if so equipped. Drive the vehicle on different roads and visit an empty parking lot to test the brakes and handing. But keep in mind, this is someone’s car so be respectful.
8. Stay away from older cars that have lots of electronic gizmos. These are frequently expensive to fix and are not as reliable as vehicles which are more basic.
9. Although a lower mileage vehicle is great, a vehicle with a lot of highway miles isn’t bad at all. Highway driving is extremely easy on the car. Stop and go driving is a lot harder. The condition of the car is more important than the mileage so long as the car was properly maintained.
10. Steer clear of ex police cars, cabs, or rentals. These vehicles are traditionally driven very hard and sometimes not as well taken care of. They’re cheap, but risky to buy.