Buying Used Cars- A Beginner’s Guide

Buying used car makes a lot of sense financially, because another party has already footed most of its depreciated value. However, buying ? a used vehicle can be trickier than buying a new car, especially if you are doing so for the first time. Nonetheless, with thousand of used cars for sale, there is a good chance that you will find one that suits your preferences. Here are a few tips that you should consider to end up with ? your dream car at the best price:

used car

Requirements

 

It is pertinent to understand the type and model of a car that you are looking for. Decide whether you want a spotty SUV, a family sedan that can fit 4-5 people easily, or just a small car for city driving. Other than the car type, it is also significant to decide early whether you are more comfortable with a diesel or petrol engine.

 

Budget

 

You budget is a vital element that you should consider before making any car purchase decision. ? Look around for cheap used cars that are within your pre-estimated budget. Sometimes the price quoted may be a few dollars more than what the seller is actually expecting; you should be aware of such cases. If you are looking for EMI options, you can use online resources to help you calculate the amount of your monthly EMI with respect to the amount of loan that your budget can accommodate.

 

Fuel Economy

 

With today’s fluctuating fuel prices, mileage has been one significant factor that every car buyers must consider. Visit different local used car dealerships to determine what the estimated mileage of the model or type of the car that you are planning to buy is. This will give you a good approximation of the mileage of the car you plan to purchase.

 

Know the Car’s Worth

 

When you have car type or model in mind, try to research on its value. There are several car dealers who indicate the price range of the cars they are selling. Try a few to ensure that you are well acquainted with the average price range.

 

Don’t forget to ask for cars’ Records

 

Vehicle history and service records may not be the ironclad of a used car’s past, but they can shed more light that the car led. Confirmation of maintenance of clutch, timing belt, and other extensive work can be used as a bargaining point and can help you anticipate future maintenance costs.

 

Final Verdict

 

Whether you are buying the used car from a car dealer, from a friend, or a private party, getting a car that suits your needs and budget is going to require some research and negotiations. Not everyone relishes the idea, but with a few tricks and dedication, you are obviously going to make it.

Updated: October 14, 2015 — 10:46 am
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