5 Key Tips for Buying a Used Car

5 Key Tips for Buying a Used Car

Before buying one of the used car, even a certified pre-owned vehicle, it's crucial for you to be informed before you go shopping. Here I will discuss some used car buying tips for anyone serious about purchasing a certified pre-owned vehicle:

Research- True market value

The key tip when it comes to buying used cars is usually to do your research relating to the cars in the market. Log on to online inventories and examine the features of the car models that you are excited about.

Your Budget

How much would you afford for a down payment? What can you get for your trade-in? These are two very important questions with regards to your budget and generally it is better to sell of your old car in advance and use that cash for a down payment on your used car purchase. It is clearly wise that your car payment be no more than 20% of your monthly income. Also check out insurance and that, chances are, you will have to carry full coverage until your new purchase is paid in full. Getting financing through a dealer can oftentimes get an improved rate in comparison with going through a bank yourself as a number of banks will compete for the dealership’s business.



Go with someone

Take another person you rely on (should someone who is experienced with autos) with you to look at a car. Examine the vehicle inside and out and under the hood. It's a second pair of eyes and ears to get details so you don't misunderstand what the seller is saying. As your friend is not emotionally involved and they don't have car fever, they might help you keep a cool head so you never make a stupid mistake, like paying too much.

Have the Car’s Maintenance Record

When purchasing a used car, you should have a fine idea in relation to its history. If the car you are thinking about includes a detailed maintenance record, most likely the car was well cared for. Ensure you check that the car has not had any scary or unusual problems long ago. If a seller does not offer a car’s maintenance record, it does not always mean that the car is in not good condition. However, without a car’s maintenance record, a upcoming buyer must be a little more cautious.

Test drive

Never under any circumstances buy a used car without taking it for a test drive first. Sure, the vehicle could look excellent when parked up, but the truth is you won’t acquire a true understanding of the car unless you hit the road and put it through its paces. For example, there are an issue with the clutch, and this is only able to be learned from taking the car for a test drive.