Top Tips & Advice When Purchasing a Used Car
A vehicle is often the second largest purchase a person makes, next to buying a home. Choosing the right vehicle and getting a good deal are essential to avoiding buyer’s remorse. Often times choosing to purchase a used car can help you achieve both of these goals, securing you a reliable vehicle at a reasonable price. Although buying a used vehicle will undoubtedly you save loads on the sticker price, choosing the wrong used vehicle could end up costing you in the long run. Consider the following tips to make sure you successfully navigate purchasing a used car – every step of the way.
1. Do Your Research
During the research stage, your primary objective is determining what type of vehicle you want to buy and then narrowing that down to a particular manufacturer. You will want to consider your budget, how you will use your car and what added features you need and/or want. You should also look into whether or not you will be able to resell the vehicle. In other words, how quickly has the car’s value depreciated?
2. Choosing to Purchase from a Private Party or Dealership
When you have determined which car you want to purchase, you should also think about where you will purchase it: from a dealership or from a private party. You can typically get a better deal from a private party, but negotiations can be tricky. With a dealership, you will likely end up paying slightly more, but dealerships offer other perks like financing and sometimes dealer-certified warranties on used vehicles.
3. Inspecting Your Used Vehicle
When purchasing a used vehicle, ideally, you should inspect it yourself, have it inspected by a professional mechanic and also research its history through a company like CarFax. If purchasing from a private party, you should pay attention to whether the vehicle appears as the seller described it (same condition, better or worse). Check inside and outside for signs of an accident or other damage like rust. Always test drive the car cold.
4. Negotiating and Purchasing
Be prepared to negotiate. The asking price of a used vehicle is considered an anchor. Counter with a reasonable offer 10% to 20% below and then inch up until you reach an agreement. If you see a low initial price, don’t waste time trying to talk the seller down further – take the good deal.
Why Consider Purchasing a Used Rental Vehicle?
Used rental vehicles are another option when shopping for a used car – beside purchasing from a dealership or a private party. Used rental vehicles can be great options when you are shopping for a new-to-you car. Car rental companies typically maintain their vehicles in top shape. They also keep meticulous records of each vehicle’s history, maintenance and repairs. For more information about purchasing used rental vehicles or to book a rental vehicle for yourself, contact any one of Young Motor’s three locations in Fort McMurray today.
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