Tips for Buying a Used Car

Used Car

Brand new cars depreciate in value at an alarming rate. Indeed, from the moment a driver eases his or her new vehicle off the dealer’s lot, the car’s value begins to fall. As such, it is a financially-savvy move to research when you are in the market for a new car. In addition, your insurance premium for a used car will be lower, saving you even more money in the long run.

Once you have decided that a used car is what you would like to purchase, there are a number of important points to bear in mind. Chief among them are the following considerations.

  • The Best Make of Car for Your Needs
    Do not limit your choice of car to just one make or model. A less popular make of car of the same size, mileage and condition could cost less than the high-demand models.
  • Car Features
    Prioritize the features that are most important to you. With used cars, you may have to choose between what you need and what you would like.
  • Choosing Between Used and Certified Pre-Owned Cars
    You can purchase a regular used car from a private individual or a certified pre-owned car from a dealer. It might cost less to buy a used car privately, but you cannot be absolutely sure about the ownership history or the exact state of the car, even if it looks good.

Purchasing a certified pre-owned car offers peace-of-mind in a number of ways:

  • The vehicle’s full ownership history is provided
  • The vehicle has undergone a comprehensive inspection
  • A limited warranty is provided
  • Roadside assistance is usually offered

Many car manufacturers offer certified pre-owned vehicles, so there is always a range of vehicles available.

  • Consider Ex-Rental Cars
    There are pros and cons to ex-rentals, but bargains abound.
  • Research the Car Before Making a Purchase
    Use Carfax or AutoCheck to research your chosen car extensively. The more knowledgeable you are about the vehicle, the greater will be your negotiating powers.

Ultimately, when you purchase a used new car, you are helping yourself and the environment. Used cars today are manufactured to much higher standards than in the past: A well-handled used car that is less than three years old, with one previous owner and low mileage, is as good as a new car. Plus, the factory warranty could still be in effect. With savvy research and shopping, you could net yourself a true motoring bargain.

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