Important Things To Know When Buying Used Cars From a Dealer
A lot of people would prefer having a pre-loved car to purchase than a brand new one. Even if you can actually see a lot of good, brand new choices these days, a lot of people can still see some compelling choices that to buy a used one.
The thing about used car is that you might have been longing for a particular model to own for so many years now and perhaps you’ll be able to get that particular model now at its depreciated price. It could also be that you already have the cash needed to buy a car but you just don’t want to put up with years of payments like you might be required to do when getting a brand new car. You may have also seen a lot more value in a used car compared to a brand new car most especially if you only have a small business and you can save more cash if you do this.
However, you should also consider the fact that these used cars might already have its pitfalls. Not like a brand new car wherein it is expected to have everything running perfectly, you can only depend on the reliability of the used car based on the previous owner’s driving and maintenance habits. Below are some very important things that you should keep in mind when dealing with used cars:
You should expect that you will be replacing more parts the higher the mileage on the car. Things like brake pads and fuel filters can be relatively inexpensive, but you should know that it could get bigger steadily like having to do a transmission overhaul one day, and getting a new radiator the next, or having to replace your A/C Compressor. You should probably get a copy of the periodic maintenance of the car so that you’ll know exactly what you’re getting yourself into.
Avoid being cheap. Of course, you’re always free to be thrifty, but delaying replacement of worn parts is a big mistake as this might cost you more than it should be. Keep in mind that delaying your replacements for the cooling system of your car will only create a domino-like effect.
You should make two budgets so that you can fund for your initial purchase and another to make sure you can rely on the car’s parts. It would be best if you have at least 20% of the purchase price to make it your “fix-it” budget. Doing so will guarantee you a budget to help you deal with all the parts that need to be replaced.
You should still do some research on the car. The best way to do this is to talk to friends or somebody whom you trust who have also owned a particular model you’re interested in buying so that you’ll get to know more about the car’s reputation.