With the prices of new vehicles rising all the time, more consumers opt for buying a used car. But what should one look for when purchasing a new vehicle?
Have a look at these six tips when you’re searching for a used vehicle to suit your needs.
Determining A Budget
Before you start test-driving vehicle first set a budget of what you realistically can afford. Also consider factors like the safety features on a car and the fuel consumption. Maintenance and service costs are also a significant consideration.
Purchasing A Used Vehicle Through A Dealership Or Privately
Either option has disadvantages and advantages, however, you may find more cost-effective used cars through private sales, which is a factor when you have a tight budget, but still a car with some modern features. Dealerships on the other hand, can give you assurance of a company standing behind the quality of the car you are buying. Remember, to purchase form a trusted dealership like car yard Kippa-Ring.
How To Find Out The Actual Value Of The Used Vehicle
You can use an online tool like Trans Union’s car-value report to determine the book value of the car. Such a tool can help you with making sure you are not paying more than the book value for a vehicle, however, bear in mind that sought-after vehicles may be priced over the book prices.
How Can You Check If The Used Vehicle Is Not Stolen?
Irrespective if you’re buying from either a dealership or a private person, you have the right to make sure the car isn’t stolen or was stolen before and recovered. Vehicle verification can help you review the status of the vehicle before purchasing. All you must have is the vehicle identification number (VIN). Also consider notifying a knowledgeable family member or friend prior to inspecting the car when you’re purchasing from a private person, to prevent being scammed when test driving the car.
How To Finalize A Vehicle Inspection?
Purchasing a used vehicle means you may be taking a wager on the car’s mechanical history. However, you can restrict unexpected maintenance repairs by determining the actual state of the car via an independent check-up. You can also ask seller you’re buying the car from for a DEKRA test certificate which can be done at roadworthy test centres at a nominal fee.
Negotiating A Used Vehicle Car Sale
After conducting your research on your dream car and deciding on purchasing it, you can start negotiating with the dealership or private seller. Be patient, however, since the seller may come down with the price if you can provide good reason, based on your independent research. Always remember, as a buyer you have a right to walk away and don’t hesitate in doing so if you feel pressurized or have your doubts about the car. After negotiating the price with the seller, you are ready to sign the offer of purchase. You might be requested to pay a deposit for surety (usually ten percent of the asking price, depending on whether you’re using financing for a portion or the car’s cost or are paying cash). Always ensure you get a receipt once you’ve paid the deposit.