The majority of people who buy cars choose a used model, some don’t like credit and will only pay cash for their wheels, while others don’t like the idea of 15% depreciation when you drive a new car off the forecourt. There are many reasons to go for a used car and if you are currently looking for a set of wheels, here are a few tips.
Insist on a warranty
If you buy from a dealership, a warranty is automatic; it might be 3 months or a few thousand km, whichever comes first, and the dealer would cover any breakdown costs within reason. When you buy from a private seller, it is rare to get a warranty; sold as seen is the normal basis for used car sales. For top servicing, go to My Motors, a leading garage with affordable rates.
Check the vehicle history
In the rear section of the owner’s manual, there should be details of the entire car’s service history, with official garage stamps. A used car with partial service history is not worth as much as one with a full-service history (FSH), while a car with no service history would be even cheaper. The engine is the most expensive component and if it has not been maintained, this would seriously impact its lifespan.
Look for defects
When you are with the seller, take a walk around the car, looking for dents, dings and rust, check under the wheel arches for signs of rust. When you come across a defect, point this out to the seller, which should give you some bargaining power; in some cases, the seller will agree to fix the issue, which is great.
You should never buy a second-hand car without taking it for a test drive; the seller would normally accompany you for a short drive when you can test the steering, brakes, acceleration and general handling. Check the indicators, engine temp gauge, mileage, handbrake and lights; when the trip is over, inspect the interior for damage. Ask to see any receipts for servicing or repair, which the seller should be able to furnish you with.
Know your limits
It is oh so easy to end up buying a car you can’t afford, so don’t let your head rule your heart. Work out how much you can comfortably afford each month and stay within that price range.
Shop around for finance
While a dealership would offer you their finance partner, you aren’t obliged to use them, indeed, you would likely find a better deal with an online lender. Google can help you locate a few online lenders and you can compare rates and packages. Some offer the first 3 months with no payment, which can help. Click here to find out if your driving history impacts your insurance.
If you know little about the inner workings of an automobile, we recommend paying a mechanic to come with you when you look at a vehicle you are interested in buying. Vehicle maintenance is important, so you need to take over the maintenance when you take delivery of the car.