How to Find the Best Used Car for You
Purchasing a new car can be extremely expensive and can have a lasting impact on your finances, because of this, many people will purchase a used car instead. Even though used cars are definitely more affordable, they don’t come without downsides.
Throughout this article we’re going to tell you how you can find the best used car for you, we’ll cover topics such as doing your research, understanding the different types of sellers, and the necessary checks that should be done.
Do Your Research
First and foremost, you should make sure to do your research. This could involve reading about the type of car and model that you are interested in to see if there are any common faults, and what the average life expectancy is. This will help you gauge whether the current market price is good value for money.
After you have thought about which car you want, the next step is to make sure that you can afford to pay for it in terms of running costs. Think about how fuel efficient the car is, and how much you are going to have to pay for insurance.
Understand the Different Types of Sellers
You can purchase a used car from many different types of sellers: private, dealerships, and auctions. However, auctions are usually recommended against because of the high-risk of getting an unreliable car.
It’s best to stick with either a private seller or a dealership, each have their own distinct pros and cons, so it’s worthwhile taking each of them into consideration prior to making a purchase.
Private sellers generally offer the lowest prices, and of course you won’t have to worry about dealing with a pushy car salesman. However, if something goes wrong you have virtually zero protection. A private seller would be the recommended option if you felt comfortable performing some checks on the car to make sure it’s in good condition.
When you go to a dealership you will naturally have to pay more for the car, they do have overheads to pay for after all. The main advantage of buying from a dealership is the fact that you’re going to be protected; making a complaint under the Sale of Goods Act is much easier to a business compared to an individual.
Perform the Necessary Checks
There are certain checks that you’ll want to perform to ensure that the vehicle you are purchasing is in good condition and won’t break down whilst you’re driving it back home. This might be difficult unless you already have some experience performing checks/repairs on cars, so the best option would most likely be an independent car inspection—this can be done through a mechanic.
Also, don’t forget about the paperwork; make sure that the vehicle has a full service history and that all the paperwork is legitimate. It would also be worthwhile to perform a HPI Check to ensure that there aren’t any outstanding loans against the vehicle, as this seems to be a growing problem.
Purchasing a used car can be an easy way of getting yourself on the road without spending such a large amount of money. However, if you fail to follow the advice and guidance given above you could be worse off; unless you know what you’re looking for when buying a car, it can be quite easy to run into problems after just a few months.