Important Things To Know When Buying Used Cars From a Dealer
There are a lot of people who would prefer buying used or pre-loved cars. 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.
First of all, you may really want to buy a specific car model for years now and you may have actually found one of a particular model year with a much lower price today. Also, you might have the cash to be able to afford a used car but wouldn’t want to deal with all the hassle by paying for several years like you would usually do with a brand new car. Moreover, you might just be able to see a lot of value in a used car compared to a brand new car, especially if you’re running a small business and you realize that getting a used car can let you save more cash.
However, you can’t really ignore the fact that buying used cars may 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. You may want to keep the following things in mind whenever you plan to go for a used car:
Depending on the mileage of the car, you may have to replace a few parts. 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. You can always be thrifty but avoid delaying replacements of worn parts because you’ll end up having to spend more. In case of the cooling system, delaying its needed replacement will only cause a domino 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. With this, you’ll have a proper budgets for parts that already need replacing.
Never forget to do your research on the particular 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.