Here is a guide to take you through the process of buying used cars that are in reasonably good condition. You might want to buy a used car instead of a new one for various reasons. Whichever it is, you want to make sure your money works for you, even if you are paying for a second-hand car. Using this guide, you can make informed decisions on ‘why, where and what’ of buying second-hand cars.
Why buy used cars?
Mostly the buyer has the answer to this question. However, for those who are still contemplating, we know new cars can cost a lot and getting it financed through a lender can be a hassle. The monthly EMI or installments are very high for new cars compared to a car that is hardly 3 years old.
It is also a well-known fact that a brand new car loses 15% of its original price the moment it leaves the showroom. When you can get a car that looks great, runs smoothly and has no accident record for a lower price, who wouldn’t buy it?
Best place to buy used cars
A ‘used car only’ dealership is the best place to buy a used car. You can negotiate and get the best deal for your dream car. These places will give the buyer wide range of options to choose from. If you are confused as to which model to buy, all you need to do is tell the salesperson your need and he or she will happily point out the exact model for you.
An advantage of choosing such a dealer is that apart from great deals and wide options, you will also get fantastic after-sales servicing and warranty. These guys will dig out the history of the car in and out, something that if you had to do on your own, would have taken a long time.
If you were to buy from a new and old car dealership, there is always a chance that you might have to pay extra. If you can afford it, good for you. On the other hand, if the car is bought from the original owner, you will have to buy without warranty.
Also, such dealerships can help you navigate through the insurance and legal proceedings after you buy a car. You just have to bring along few documents, a partner who would admire the car and a pen to sign the check!
What to buy?
Usually, before buying a car, people have a fairly good idea of what type of vehicle they need, if not the exact make and model. If it is a college student, he or she might want a basic sedan; if the person has a family of 4 or 5, he or she might look for minivans and SUVs. Therefore, once you define your purpose, you can easily pin down the exact used car model. Even among those, there are certain companies whose vehicles are great even in used condition. You can take along an experienced mechanic to take a look at the car at the dealership and decide. Choose a model that has a clean history, good reviews and, in general, a good on road durability.