Are you considering a used car? It’s not that surprising, when you consider how many used cars are sold every year, either privately or through dealerships. The problem is, with the huge selection to choose from, it can be hard to find the right car. So, in the following post we will look at some great tips to help you find and buy the right car more easily
Determine Your Budget
As a rule of thumb, when you are working out how much you should expect to pay for your car; if you are intending on taking a loan out to buy it, you should not be considering payments that are higher than 20% of your take-home salary. If you are trying to save as much money as possible, you may choose to be even tighter.
Keep in mind and factor into your budget the fact that used cars rend to need a little bit extra TLC than new models, such as maintenance, new tires and other things. And don’t forget to calculate the insurance and fuel costs into your budget too.
You’d be amazed how many people forget to do that.
Create a List of Used Cars You’re Interested In
It shouldn’t be surprising really, that Toyota Camry and Honda Accord are two of the most sought after and best value used cars you can invest in. However, unless you can strike up a good deal with the people of https://www.brannonhonda.com, they may be a little bit more expensive than something like a Kia Optima or Ford Fusion. By little bit, we mean a couple of grand. Ideally, make a list of three cars you are interested in within your budget and that meet your needs.
Check the Prices
Prices are often dependant on where you are shopping for cars. Used car listings can be found in various places such as CarMax, independent used-car lots and new car dealerships in their used car sections. We would advise using Gumtree to buy a car though, because you will either come across people looking to rip you off or timewasters.
Check the History Report on A Car
When you find a car, you are interested in buying, before you rush out and buy it, you need to check its history. This is crucial because the last thing you want to do is pay for a car only to find it has been written-off or has been involved in several accidents.
Test Drive the Car
It is always wise to test drive a used car before you decide whether you are going to buy it or now. As well as figuring out if it is the right model and manufacturer for you, if you haven’t driven one before; it is also a good way to check if all you’ve been told about the car up until now has been true.
Arrange for the Car to Be Inspected
So, you are getting closer to agreeing to buy the car. Before you complete the transaction, if entirely possible, it is recommended that you ask a mechanic to inspect the car. This should be preferably someone you trust to give you an honest opinion.
Once you’ve passed each of the steps above, you are now ready to start negotiating with the seller on a price, and that’s where the real fun begins. We wish you well!