Looking for a great price on your next used car? Don’t look any further!
When purchasing a used car, whether privately, via a dealer, or online, there are a few things to keep an eye out for. If you do your homework, understand your rights as a buyer, and know what to look for, you may save a lot of money and drive away with a great Used Car at a low price. Follow the steps below to select the ideal Used Car for the best price and have your new car on the road today.
When searching for a Used Car, most buyers aim for the ‘sweet spot,’ which is when a car is three years old. This is due to the fact that the vast majority of new cars are acquired with financing or as part of a business fleet lease that lasts around 36 months. They are then returned to the dealer or auctioned off, ending up on the used car market.
At three years old, a used car should be half the price it was when new, depending on the model and mileage, but it should still have plenty of life left in it. Furthermore, according to warranty provider data, a car’s durability begins to fade after 5 years, so now is a good time to sell your old Used Car and replace it with a newer one.
Because a car is a large investment, the first thing you should do is establish and stick to a budget. Discover the best way to finance your Used Car, whether it’s a personal loan, auto financing, or straight cash, if necessary. Determine how much you can afford to put down as a deposit and then monthly payments.
If you’re looking for a cheap Used Car, reading several websites on the internet is a great way to learn what’s available and what you can afford. You’ll have a good notion whether you’re overpaying, and with so many possibilities, you don’t have to rush into buying a car if you don’t think it’s perfect for you. If the pricing isn’t right for you, there will always be plenty of possibilities if you’re looking for a mainstream model.
It makes no sense to place a monetary value on the stack of documentation that comes with a Used Car if you are unwilling to wade through them. If you are buying from a private individual rather than a dealer, make that the listed keeper is selling the car from the location specified in the V5C logbook, and then match the logbook registration and chassis numbers to those on the vehicle.
Following that, you may start looking for any discrepancies in the service record, establishing whether the cam belt needs to be changed (which can be an expensive process on certain cars), and reviewing sales documentation to confirm ownership and the termination of any loan agreements. A fast HP check can also uncover any unpaid bills or unpleasant surprises.
If you want to sell the vehicle in the future, you’ll be delighted you have a clean service history and a complete log book to hand along to the new owner.
Rain on paintwork, as well as street lighting or torchlight, might mask a variety of faults, so look at a Used Car in excellent weather, and certainly check them in daylight. Take your time checking each panel and all of the inner trim surfaces; a black light may be useful. Is the air conditioner blowing cold, and do all of the electric windows open at the same time?
Check the boot floor for a spare wheel and/or repair kit, as well as the original jack, tools, and locking alloy wheel nuts. Also, seek for the car handbook in the glovebox and ask the owner if there are any spare keys.
It is vital to ensure that the Used Car drives and handles properly and performs as intended. Is it simple to get the car started? Is there any unusual noise coming from the engine or brakes? Is the steering slanted to one side or the other? Is there any smoke coming from the exhaust system?
When you’ve agreed on a price and are ready to buy the Used Car, make sure all agreements are in writing, with a receipt that both parties may sign and preserve a copy. It should contain the vehicle’s make, price, and terms of sale, as well as the names and addresses of the seller and buyer. If you buy from a reputable supplier, you should have no troubles. Take caution with how much cash you bring with you. If at all possible, use a money transfer. Never bring cash to a place, other than the seller’s home address.