Are you in the market for your first car? Do you have any make or model in mind? Have you considered purchasing a used car instead of a brand-new one?
Not many people realize this, but buying a pre-owned car has several advantages compared to getting a spanking new one. For one, used vehicles are less expensive. If you’re going to visit a used car dealership in your area, you’ll discover that you can purchase your dream car at a more affordable price. Some dealers even slash up to 70% off a vehicle’s original value.
Another great thing about second-hand cars is that they tend to devalue at a slower rate than new vehicles, which depreciate by approximately 45% within the first three years of ownership. If you think pre-owned cars aren’t worth your money, well, rest easy. Most used models being sold these days are in good condition. Many of them are still covered by the manufacturer’s factory warranty.
Just because used cars are less expensive doesn’t mean they are all lemon. To help you find the best deal for your money, here are some tips that you might want to remember:
Go to a local dealer
Whether you’re considering a used luxury vehicle or family car, it’s best to turn to your local dealership. They’ll diligently work with you every step of the way to make sure you get the vehicle that suits your needs and lifestyle. They also usually offer you an affordable financing option at a low-interest rate, letting you own your dream car without worrying about the hefty price tag.
Check out various car listings
But before going to a car dealer, be sure to do some research first. Consider browsing through automotive classified ads, both online and offline. It will help you get a good idea of the current market prices and discounts. You’ll also get to choose the type of make or model that’s within your budget.
Learn about your prospective car’s history
When you visit a dealer’s lot and find a car that you like, remember to request for the history report. It will help you determine the vehicle’s condition and keep you from dealing with hidden maintenance issues.
If you don’t know much about cars, consider having a reliable mechanic accompany you. This way, you can be sure to check for any issues that the dealer might have overlooked or failed to address.
Ask about warranties
It’s rare to get warranties on used cars. But still, there’s no harm in asking. After all, the Federal Trade Commission requires dealers to inform their customers about it.
Most probably, the car you’re buying can come with a limited warranty. It’s also possible that the dealer will offer you the option to purchase a service contract. This type of arrangement involves having the dealership perform or pay for services for an additional cost.
Buying a used car isn’t as bad as many people think. It even comes with great benefits, especially if you know where to look.