Tips on Shopping for a Used Car (What the Car Dealerships Don’t Want You to Know)
Purchasing used cars is a great way to save money while getting a great car. With a used car you can get a great bargain and use the extra cash for other important tasks. However, before embarking on your journey to purchasing a used car you’ll need to have some information at hand. Therefore, we have decided to compile a list of tips you’ll need when shopping for a used car. These are tips the car dealerships don’t want you to know.
Car dealerships often try to monopolize the selling of cars and one way they do this is by demonizing other options like online marketplaces. To avoid getting ripped off or disappointed, here are tips on shopping for a used car.
The first thing to do is plan your budget. Car dealers are marketing geniuses, and if you go into one without a budget, you’re probably going to spend more money than you intended to. Planning your budget weeks or months beforehand is advisable. Include insurance, licensing fees, taxes, and other car-related precautions in your budget. This way you’ll know the exact amount you’re willing to spend, and you don’t go over your budget.
2. Write down your needs
You need to know the sort of car you want before going to a dealership. Use the internet to search up stats, ratings, and reviews of cars. You can ask your family or your friends for details. If they have a car you’d like to purchase second hand, ask them about it. Make sure you have a list of necessary features your car should have, and select cars that have at least 90% of those features. It’s quite easy to find pricing for cars (brand new and used) online, so be sure to check out the pricing once you find a car you like. This is important so you stay on track to purchase a car within your planned budget.
3. Compare sellers
You can either purchase from a private seller or a car dealership. Dealerships offer more cars in good condition as well as a warranty. Most private sellers do not offer those. Dealerships may also accept trade-ins in case you have a vehicle already. If you’re purchasing from a private seller, make sure they’re reliable and trustworthy.
4. Ask for details
Make sure you ask for the history report. Have a car technician at hand to check out the vehicle, and try to trace the source. Also, ask if you can take it out for a test drive. To be safe, we’d suggest waiting a week or two to ensure it’s not a stolen vehicle the seller is trying to get rid of quickly. Get a background check of the car, and determine whether you can afford to fix, maintain, or purchase the car. Remember your budget includes other car expenses besides the actual cost of the vehicle.
5. Prioritize paperwork
Changing the name on the car’s documents and extending the warranty/insurance should be prioritized once you purchase the vehicle. If you’re buying from a private dealer, see if their insurance is good and whether you can continue using it. If you’re purchasing from a dealership, look into extending the warranty. Most importantly, get insurance immediately no matter which scenario you’re in.