Here Are Tips When Looking For A Used Vehicle
Buying a used car is usually a smart decision, especially if you’re trying to be practical about your finances. However, playing devil’s advocate here, we have to understand that buying a used car can also have its financial drawbacks. I’m sure you’ve heard horror stories about fly-by-night dealers altering the V.I.N. or turning back the odometer. However, buying your used vehicle from a trustworthy source or certified dealer removes some of that risk. It’s also a good idea to choose a dealer here in Brantford, a local place you can take your vehicle when it needs repairs.
Aside from being budget-friendly, buying a used car is also great for new drivers and those whole don’t want to get tied up in a long-term financing agreement or lease. So let’s go over a few tips for buying a used vehicle, we’ll also give you a step-by-step guide for making the purchase.
THINGS TO LOOK OUT FOR
- AGE & CONDITION: The older the vehicle, the more repairs it’s likely to need. If the car is 7 years old, research what repairs need to be done between 5-10 years of age and then find out what has already been taken care of.
- KILOMETERS: Vehicles usually accumulate about 15,000-20,000 kilometres per year. Of course, you want to choose something with low mileage, but there is such a thing as too low of mileage. If the car is 7 years old, and only has 50,000 km on it, find out why. If the car hasn’t been driven in over a year there could be some costly repairs that are needed.
- REPUTATION: One of the perks of buying a used car is the likelihood that any recalls or faults for that particular model have been discovered. Research the vehicle, its reviews and check the V.I.N. It will show recalls and also help you discover if the car has been in any accidents, or have any liens.
- TRUSTWORTHY SELLER: Sometimes people buy cars directly from the previous owner and it works out great. However, you’re more likely to experience unexpected problems from your car when it hasn’t been inspected or certified by an organization. When buying a used vehicle ask about refunds or a warranty. If it’s a larger organization or dealership they should offer a way to protect your purchase, giving you peace of mind.
STEPS TO BUYING A USED VEHICLE
- Decide on a budget. Be sure to include the amount of maintenance it will need in the near future.
- Determine the type of vehicle you want to buy.
- Find some reliable sources/dealers for your used vehicle, places you trust, and that have a history of good reviews.
- Narrow down your type of vehicle to specific models available at the dealers.
- Compare pricing options against the other cars you’ve narrowed down as well as industry averages; that way you can be sure you’re getting a fair deal.
- When you’ve chosen a car, check the vehicle history, including accidents, recalls, and liens.
- Take the car for a test drive. When it’s safe, be sure to slam on the breaks once or twice for a good test. You also want to put it in reverse and see how it feels when switching gears.
- If it’s not already certified, get the vehicle inspected by a licensed mechanic.
- Negotiate a fair price and arrange the transfer of ownership.
- Ensure your car insurance is in place before driving home.