What Do I Need To Worry About When Buying A Used Car ?
If you apply a little common sense when looking to purchase a used car, all should go well, and you could end up getting a great used car which will serve you well for a long time. However, if you rush blindly into what seems like a good deal, then you could end up not even getting the used car home before it breaks down.
When thinking of purchasing a used car there are some points which you should give consideration to and be on the look out for when giving your potential used car the once over. Always go to view the car in good light. Never, ever go at night or view in an area which has very poor lighting. If the seller is reluctant to show you the vehicle in good lightning conditions, consider this a warning sign.
Always spend time looking for rust on the bodywork .While a few surface blisters are usually harmless, corrosion is a totally different thing. If you see a rust blemish then gently rub it with your finger and if you hear a rustling noise this could mean there is corrosion underneath the rust.
Look for any signs that the used vehicle has been in a collision previously. Obvious signs are joins where the car has been welded, or creases on the bodywork.
Where possible take a qualified mechanic with you to view the vehicle before handing over any money. Take the used car for a test drive – it may be uncomfortable or have a blind spot. You can also see then just how ‘healthy’ it sounds.
Finally, walk away from the deal if anything such as the owner not being able to supply you with the correct documentation happens. If the vehicle registration documents do not agree with the address where you are viewing the car, be suspicious. The car could be stolen or it could be trader posing as a private seller.
Remember, use common sense and take your time deciding, you the used car buyer are the ones in control, not the used car seller.
More used car buying tips....
Buying a used car...
Used cars or new? What car is right for me? Where to look for a used car, what to look for when buying a used car? There are many questions you may have when it comes to the used car buying process. In this article I will answer to some of these questions and hopefully, make the used car buying process easier for you. There are many essential facts you should consider before buying your next car so you won't regret your decision for a moment afterwards.
New cars or used cars...
By purchasing a used car you can save a lot of money. You could buy a loaded model with all the bells and whistles that you might not be able to afford had you bought a new car. A new car depreciates quickly in the first few years and after 3 years it is worth only about 60-70% of the original price. In fact, as soon as you leave the dealership, new vehicles are suddenly worth $1000-$2000 less. When purchasing a new car you basically are paying for its fresh "new" aroma and warranty. However, buying a new car does not always mean the buyer will get perfection. A new car may come with problems associated with poor design or manufacturing defects that may have been already repaired during the warranty coverage period if it's a used car. The same is true for all kinds of recalls and campaigns.
Buying used cars is still a bit of a gamble - there is no guarantee that the used car is accident-free, has real mileage, and was properly maintained. There may be some hidden problems like a worn out automatic transmission, or engine problems that may not have been obvious when you test-drove the used car. So, next you must ask yourself: Will I save money when buying a used car? How do I eliminate the risk of potential problems and is this actually possible to do?
Take the risk out of buying used cars...
First, be prepared. Do as much research as you can. Read reviews, consumer reports, ask colleagues and friends, compare options, gather gas consumption data on the make and model you're interested in. Try to determine maintenance costs and upkeep, etc. Your goal should be to narrow your search to one or two models. Why? Because if you just enter a dealership without knowing what you want, chances are more likely than not that you won't be happy with your purchase. Later you may find out that it's simply not exactly what you wanted or what you can afford. Another purpose to narrow your choice down to one or two different models is because when you test-drive a few different used cars of the same model, it will be much easier for you to compare their condition and pick the best one. Recognizing a transmission problem during your test drive would be easier to do if you were to try a few vehicles of the same model instead of becoming confused by testing out different models.
Second, without a doubt, you should check a used car's history records. This will help you to eliminate half of the vehicles from your list with potential problems. Vehicles that have been flooded or restored after serious accidents, those with rolled back odometers, heavily abused vehicles (e.g., ex-rentals), those with outstanding liens, etc., can be eliminated after simply checking the history record of the vehicle. In fact, it is not even a good idea to look into a used car until you check its history.
Third, Don't buy used cars based on what you've been told because it may not always be the truth. Check out the used car yourself very carefully. Ask a knowledgeable person who knows about cars to help you.
As a final step, bring the car to the mechanic you trust for an inspection. A word of caution, NEVER give a deposit before the car is inspected.
Fourth, Be extremely careful when doing the paperwork. For example, if you buy from a private owner, make sure there are no registered liens against the vehicle and that the person who signs the Bill of Sale is the actual owner of the car. Check with the Vehicle Registration Authorities to make sure the car has not been stolen.
If buying from a dealer, read the warranty policy and all the papers including the fine print very carefully. If it's a "Certified" used car, you'd be wise to check exactly what items were checked off and approved because sometimes the car might have a history of an accident in the past, come with a poorly maintained engine and still be Certifiable. Do not rely on a salesperson's verbal promises. Whatever is promised, get it in details in writing. Find out if the remaining original warranty will be transferred into your name. Different manufacturers have different warranty policies. For questions about vehicle registration, change of ownership, legal aspects, etc., contact your local Vehicle Registration authorities.
Car value and price...
Don't look for the cheapest cars or a "best deal". Your goal is to look for cars that are in good condition for a reasonable price. If your choosing between relatively cheap cars that might have had an accident in the past or was poorly maintained, needs some repair, etc. and more expensive one that is in excellent condition, I'd without a doubt choose the more expensive one. You will simply save on repairs and will have less troubles driving it. Don't think they sell it cheap because they don't know the price or they simply want to clear their inventory. If they sell it cheap, definitely there is something wrong with it. Remember, proper price for a certain vehicle is not the one indicated in blue or black book - they give you just an average price. The actual vehicles value depends on a cars condition. Two cars may only look the same. One may have been maintained so poorly and the engine won't last long after you buy it. Previous owner of another vehicle may have been religious about maintenance, was using only synthetic oil, has done the rustproof and so on. Without a doubt, I'd rather pay $2000 more for this used car just to have peace of mind driving it.
So, how to determine how much you will have to pay for a certain model?
What type of used car will fit into your price range?
Let's take a look at some prices:
$8000-$12,000 US - This is the average minimum amount of money one would need to spend on a 'decent' used car that is 3 to 4 years old. This would be a typical used car (not a luxury car) sold from a new car dealership. They usually have, what would I recommend as a perfect choice, traded in one-owner certified vehicles that were sold new and serviced at the same dealership. Sometimes you may find such a used car from a private owner. Usually such a car may last for another few years relatively trouble-free if properly maintained.
For $4000-$5000 US , you may be able to find 6 to 9 year old used cars with relatively high mileage which still might be in good shape. However, it may take a lot more time to find a good condition used car in this price range. Typically, independent used car dealers sell cars within this price range.
For at least $1000-$2000 US, you may be able to buy something that can serve as simple transportation to get from point A to point B. More than likely it may be a car with high mileage sold by a private owner. Dealers usually do not spend time selling a car in this price range. However, be prepared to spend much more money on maintaining the car and keeping it drivable, if buying a car in this price range compared with buying a car for in one of the other price ranges discussed. To learn more about what kind of vehicle you can afford for your hard earned money, try to search the Car Sales websites where you can enter the maximum amount of money you intend on spending. Don't forget that aside from the sticker price you may need to pay extra for taxes, registration and there may be other charges to consider.
Choosing the right car...
I can tell you, you won't get a good deal if you just browse from dealer to dealer without knowing what kind of used car you are looking for. The first step - You need to decide what exactly you want. Do you need simple transportation to drive to work and back? If so, a small Sedan would suit this purpose. Do you want a car to be very economical? If so, you would want to select a car with a small engine. Don't expect to find a V6 or V8 engine or 4WD truck if you are looking for something really affordable. If you want to use your used car to tow a trailer, then you will have to consider a car with more powerful engine. Once you've decided on what type of car is best suited for you or your family members, and you know what you want, check out the market, see what models are available, and see what fits into the price you can afford. Following this you will be able to narrow your search to just a few models. Then compare the reliability rating and read more reviews. Don't forget to check insurance rates, get the quote before buying a car.
Cost of car or truck insurance...
The cost of insurance varies a lot depending on the make, year and model of the used car or used truck, driver's experience and many other factors. I definitely recommend to get insurance quotes before buying a car or truck.
What mileage is OK for a used car...
In general, I would not recommend purchasing a used car with high mileage, for example, (155,000 miles) and higher would be considered very high. However, "low mileage" does not necessarily mean it's going to be a "good car". Be aware of cars that may have undergone restoration after a serious accident or cars that haven't been property maintained, or cars that may have had their odometer rolled back - nowadays they can easily 'fix' even electronic odometers. Again, checking a car history records will certainly help to avoid those lemons with "fixed" odometer.
When considering the 'mileage' count, it simply means that when choosing a car whether it has 60,000 or 80,000, it is not as important as the fact that it was well maintained and accident-free.
How old is not "too old"?
I would not recommend buying an old used car even at "bargain" price; no matter how many new parts you put into it, it will be still an old car that will need more and more repair later. Simply scratch out from your list anything older than ten - twelve years. Perfect choice will be three - five years old car because the price is greatly reduced and you will still have few trouble-free years.
One important detail: 2000 is a model year, not the production year. The car produced in august 1999 may carry 2000 model year as well as the one produced in July of 2000. This is related to all cars and model years. To know exactly, look for the first registration date in a car history report.
Where to look for a used car?
You may have already searched the Internet for used cars. The Internet is an effective tool you can use to find out what is on the market in terms of availability, production year and price. It will give you the most up-to-date information compared with automotive magazines.
Who sells used cars?
New Car Dealers, Used Car Dealers and Private Owners will have used cars or "re-sale" cars. Personally, I would suggest that the best buy for you would be to purchase a used car that has been very well maintained (preferably at a dealership) and has never gone through an accident or other major problems. Most likely you'll be able to find such a car sold privately by the original owner or at a new car dealership where it was traded in. The price for a used vehicle is usually higher at a new car dealership. However, paying a higher price may provide you with all the service records for the car. Most likely, the previous owner may have taken the car specifically to the dealership because he/she felt it was maintained very well, instead of taking it somewhere else to be traded in. You're more likely to find a well maintained used car through a dealership because previous owners have taken care of their car very well because they value it, and the dealership is more than likely to be particularly about the condition the car is in to ensure it has a high quality.
Now let's discuss other places to buy used cars. Independent used car dealers will offer used cars at a less expensive cost but more often than not, you'll find cheaper cars but it will have been less maintained. A word of advice: try to avoid dealing with curbsiders. Here's what happened to someone who contacted me and then went on his own to buy from a curbsider: A person contacted me and in an effort to save on taxes, arranged the deal as a private sale. Later the buyer checked the history and found the car was written off in a different State in the USA due to an accident and the mileage was noted to be a lot higher than the curbsider stated to him. After repeated attempts this person cannot even locate this "dealer".
On to the private owner… Quite often you can find a good car for a reasonable price from a private individual, and usually they will be more flexible in terms of price but keep in mind that they do not offer any warranties.
Negotiating the used car deal...
Often when using a proper negotiation technique, you can get reasonable discounts. Here are a few proven tips:
1. Start negotiating from the beginning. Try to get a discount from the very first time you phone about the car. If they ask for $15,000, ask them if it's worth to come if the $14,000 is your bottom line, considering that you are the real buyer. Usually they won't say "No", which means that when you come, you can start negotiating down from $14,000, not from $15,000
2. Negotiate the total price. Dealers always like to add some additional fees on the top of the sticker price. Ask to calculate a total price "on the road" and use it for a negotiation.
3. Make a lower offer. Don't be afraid to make a lower offer. If they are asking $15,000, offer $13,000. If the salesperson believes you will really buy a car, he/she will go down in price, and maybe you will then get the car for $13,800 or thereabouts.
4. Be ready to leave if you feel any pressure or if you have any hesitations about the car - there are so many other cars available. You don't have to decide immediately. Do not give a deposit or sign anything until you are absolutely satisfied with the car and conditions.
5. Nothing works better than competition. Let's say you have two cars on your list that you're interested in. Show it to the salesperson and say you will buy a car from whomever gives you the better price. For example, if one of the salespersons offers you a $500 discount, phone to another dealer on your list and ask them if they can match it.
6. Whatever is promised by a dealer, ask to confirm in writing. Negotiate all the details of the deal. If the dealer promises to install new tires, make sure you agree on what kind of tires - cheapest available or of a well known brand like Michelin or Goodyear. If there is some kind of warranty that comes with the car, make sure you understand all terms and condition. If the dealer promises to show you all service records, make sure you check them before paying for a car.
Legal aspects of buying a used car...
Many questions may come up when buying a used car such as how to transfer the ownership, how to write a bill of sales, how to register the used car from another state or province, what papers are required to register the vehicle, the owner's and buyer's responsibilities, etc. Because each state or province may have different laws and requirements for the sales transaction of the car, it is best to call your local vehicle registration office or Department of Motor Vehicles, or legal authorities.
Buying extended warranties...
Definitely consider buying an extended warranty if you are planning to buy one of those expensive-to-keep cars such as, for example, Mercedes-Benz, BMW, Audi, Volkswagen or Volvo. One option is to buy an extended warranty from a dealer when you are buying a used car.
Another, and often less expensive option, is to buy directly from an extended warranty company. You can buy it on-line. There are few reputable companies providing extended warranty and Warranty
Do's and Don'ts when buying Used Cars...
Do Check a used cars report. This does not give you a 100% warranty that the car is OK, but may save you some money if it will show you some bad records, for example, if the car was written off after an accident or has had an odometer rolled back.
Do ask someone knowledgeable to inspect the used car for you; it may save you a lot of money in the end.
Don't buy a used car after a serious accident - especially following a frontal collision. You wouldn't believe how many possible problems may arise later as a result of an accident.
Don't buy a used car as soon as you see it. Take your time, test drive the car as long as you can. For example, some problems may only be caught when the engine is cold while other problems may only be discovered when cruising at highway speeds, etc.
Don't base your decision on what you have been told. "One Owner, highway driven" in fact, may be an ex-rental, heavily abused vehicle.
Don't buy a used car if you have reservations or hesitate for one reason or another…if you don't have a good 'gut' feeling about it. If the engine seems too noisy or works as if it is in rough shape and sounds heavy, the transmission shifts harshly, some works needs to be done, something seems to be wrong with the papers, etc. - move on.
Don't buy a used car if it needs some "minor" repairs. Often this results in spending big bucks for repairs that never seem to end.
Don't buy flooded cars; it may look good and still be drivable but later a flooded car may develop many expensive to fix problems: corrosion, electrical, electronics, wheel bearings, transmission, etc.
Don't be rude to a salesperson at the dealership. Regardless of the many stereotypes we share, many salespersons are genuinely nice people. Be persistent but not rude; treat them well and they will be willing to help you find a great used car.
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