Important Things To Know When Buying Used Cars From a Dealer
A lot of people would prefer having a pre-loved car to purchase than a brand new one. Even if there are quite a lot of brand new choices nowadays, there are still a few compelling choices to get a used car.
The thing about used car is that you might have been longing for a particular model to own for so many years now and perhaps you’ll be able to get that particular model now at its depreciated price. It could also be that you already have the cash needed to buy a car but you just don’t want to put up with years of payments like you might be required to do when getting a brand new car. You may have also seen a lot more value in a used car compared to a brand new car most especially if you only have a small business and you can save more cash if you do this.
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. It would be best if you take the following things into consideration when taking the leap:
You should expect that you will be replacing more parts the higher the mileage on the car. Changing little things can be relatively inexpensive such as fuel filters and brake pads, but you should also think about dealing with major items like getting a new A/C compressor, new radiator, or even things like transmission overhaul. You should also see to it that you get yourself a copy of the car’s periodic maintenance schedule so that you’ll exactly know what to do with the car.
You should never be cheap. Of course, you’re always free to be thrifty, but delaying replacement of worn parts is a big mistake as this might cost you more than it should be. Keep in mind that delaying your replacements for the cooling system of your car will only create a domino-like effect.
Make a budget for two things: one for your initial payment for car purchase and one to make it truly roadworthy. It is strongly recommended that you have at least 20% of the total price of your car as your “fix-it” budget. With this, you’ll have a proper budgets for parts that already need replacing.
You should still do some research on the car. It is very important that you know the car’s reputation that you’re planning to buy and in order for you to do this, you should talk with somebody you know who owned that specific model you’re eyeing.