Things to Consider When Buying a Used Car
The majority of motorists find that purchasing a second-hand automobile is the best way to buy a car. The used-car market is gigantic, which means that you have an enormous selection to choose from and you could find a great deal. Equally, it is a tough market to navigate and you often hear horror stories of scams and people getting ripped off.
In order to drive away happy, here are a few considerations before buying second hand.
Dealership
Firstly, you should consider where to purchase a used car from. Although it may cost a fraction more, it is worth going to a reputable used car dealer as opposed to buying privately. This allows you to sidestep scams and you know that you are getting a reliable automobile. Used car dealers like AA Cars is a good place to start.
Budgeting
It is important that you come up with a figure for the maximum you want to spend (remember to factor in insurance and tax rates). The IRS allows you to deduct sales tax you paid on a car purchase by itemizing on Schedule A on Form 1040 when you efile. This will help you to identify what you can and cannot buy. Keep this figure firmly in mind when negotiating.
Research
If you think you have found the right car, do your homework by looking online to see how much it is selling for elsewhere. Be sure to show that you have researched online to the seller to avoid getting overcharged.
History Checks
Whether you are buying from a dealership or privately, you must always carry out a vehicle history check. This will flag up any hidden issues, avoid scams and ensure that the automobile is safe to buy and drive.
Documentation
Ask to see all of the documentation to ensure that you are looking at the same vehicle, that there are no major issues and to see how many owners it has previously had.
Checks and Test Drive
Carefully examine the interior and exterior in clear light. It may not be in perfect condition and minor issues may allow you to negotiate a lower price, but walk away if there are a lot of issues. You should also take it for a test drive to make sure that you enjoy driving the vehicle and that everything operates normally. Guides for this can be found online.
Second Opinion
Before signing on the dotted line, consider getting a friend or even a mechanic to give their assessment – this will give you peace of mind and ensure that you are getting a good deal.
If you are happy with all of this, you can begin to negotiate a fair price for the vehicle.
