Purchasing a car can be a difficult job, especially when purchasing a pre-owned/used vehicle. For most people, a vehicle is either the largest or second-largest monetary purchase of their lives. As a result, it should come as no surprise that prudence is advised.
Buying a used automobile is an art and a science. It requires patience, resilience, and focus. Many elements are at play, and there is no single correct formula to buy a car.
In this article, we will provide you with some information to keep in mind while making this crucial decision, so let’s get started.
1. Decide What type of Car to Buy
Are you wondering how to buy a used car? First of all, you need to know what type of car you want to buy. If you are not sure what will work best for you, get in touch with a car dealer. Tell them your requirements, and they will be able to find a few options that will suit you best. A better alternative is to start looking for videos about cars that fulfill your requirements. Read their reviews and see if they fit the bill. When you have found a few cars that you think will suit you, it is time to move to step two.
2. Decide Your Budget
The next thing is to know what your budget is? It would be best if you had a figure in mind before you started shopping. Because if you are not careful, car dealers will rip you off. A better thing to do is search online for the car prices that you think best fit your needs. Now have a budget that is at least 10% lower than what you want. It is time to bargain.
3. Do Your Research
Find car markets and start looking for a car that you are planning to buy. Dealers will be offering their prices. Just don’t listen to the numbers at this time. You need to see if the car is worth it. Ensure that the car is maintained properly and that there are no visible signs of wear and tear. It should have a perfect engine, good-conditioned tires, a clean interior, and exterior, and there shouldn’t be any major work required in the car. If you do your research properly, you will find many options; you need to get their contact numbers. You will need them to make an offer or to do the deal.
4. Check Each Car Properly
Later, you need to get each car checked properly by yourself first. If you have a reliable friend that can help you find the car, take him with you. That person will tell if there are any major flaws in the car that you could not identify. If there aren’t any major flaws in the car, it is time to move to the next step.
5. Meet Sellers/Car Dealers
Schedule a meeting with the sellers or the car dealers. Now you should have come up with an offer in your mind, but don’t be the first to give the numbers. Let them tell you what they think about the car’s worth. Once you have their offer, give them an offer 30% less than the price you think the car is worth.
They won’t agree to the offer for obvious reasons, but this act will let them know that you are aware of the original prices of the car. Now, you have some major room for a bargain, and you can buy the car for even less than what you expected.
For example, let’s say you think the car is worth $10,000. They are asking for $15,000. You can tell them that you can buy the car right now for $7,000. If you are persuasive and better at bargaining (which you will become by practice), you can counter an even lower offer.
6. Get the Car Inspected
Before you finalize the offer, get a professional inspection service. It can help you identify any major problems with the car you are planning to buy. They will provide you with a list of problems with the car and an estimated cost of the repairs. Now you have some tangible ground to stand on. Why? Because now you know everything about the car as inspection service has provided a list of flaws and their repair costs. Use this to bargain further and bring the cost down.
7. Test Drive the Car
You should never buy a car without test driving it. Driving a car on a highway can tell you a lot about it. If there are any, it will highlight problems, and you will know whether the car requires maintenance or not. You can find all issues, especially regarding the engine, when you drive the car on the highway or a long patch. Just make sure to rev it up completely so that you know what the car is worth.
8. Verify the Documents
Next, verify all the documents. Check the car is registered within the same state? Does it have any unpaid dues? Was the car involved in any crime scene? These are just some questions that you should get an answer to. Your local police department will be able to tell you about the last question. We talk about it in detail in our next point
9. Make Sure it is Cleared by Police
Cars involved in a crime scene have a record available with the police. These cars usually sell for a lot less. That’s why you must ask the local department about the car details. If they give you a green signal, it means you can buy the car. You don’t have to do this to all the cars you search; just run a clearance check when the things are finalized and decided what car you will buy. There are many apps available today that can tell you about police clearance.
10. Look for More Options and Compare
You should always look for more options even if you think that you have found a car. Why? You never know what better options you can find. So, let’s say that even if you have found your dream car that is within your budget, it is still time to look for more options. This way, you will know if there are other better-maintained cars at a lower price or not. If not, then you had a good deal, and this surety will save you from buyer’s remorse later on.
11. Buy Your Desired Car
It is time to buy your desired car. You can pay through cheque, credit card, cash, or even cryptocurrency – a new mode of payment for cars across the globe.
12. Look for Insurance
You don’t have to buy the insurance from the car dealer because they may sell it to you for a higher price. It is better to look in the market for after-market insurance options. Call insurance companies and ask them to give you their best quotes. Compare these quotes and, you can make a correct decision.
Follow the above tips to ensure that you don’t get ripped off by the sellers or the car dealers and you have made the right choice. These golden tips can help anyone looking for used car options and are clueless about how to get started.