Five Mistakes To Avoid When Buying A Used Car
Buying a car is an exciting prospect. However, it can also be tricky as there are many aspects that you need to consider.
A used car can be a smart investment, but it is more prone to wear and tear than a new car. Therefore, it is important to avoid these common mistakes when thinking of buying a used car:
1. Failure to Arrange Financing
Whether you are buying a car from a dealer or a private owner, it is crucial to decide how you are going to pay for it. It is not easy for everyone to arrange the cash in full - even for a used car.
If you can't afford to pay at once, think about financing as an option. This helps you understand the maximum point of your price range. Once you have a good idea of your budget, you can negotiate the price more easily.
2. Falling in Love with a Model
It is normal to feel more attracted to a particular model as compared to others. However, make sure you don't let emotions get the better of you.
Being biased towards a certain model can cause you to overlook other vehicles' ratings, reliability, reviews, or pricing and safety details. Moreover, you may also end up being more vulnerable to a salesperson’s strategies to make you pay than you should for a model you like.
3. Foregoing the Test Drive
Test drive is one of the most important steps when it comes to buying a used car. Statistics show that as many as 16‰ of people do not go for a test drive before finalizing their purchase.
If you don't test the car you are buying, you may discover an issue later on and experience buyer's remorse. Testing a used car before purchasing it can help ensure that the vehicle can functioning smoothly and save you from regret.
4. Not getting the Car Checked by a Mechanic
Even if you feel positive about buying a certain vehicle, don't finalize the deal before getting it checked by a mechanic. Many auto shops offer this service at a nominal cost and some even provide it for free.
If the mechanic spots any significant problems with the car, they will inform you about them in a pre-purchase review. A good mechanic will usually be able to tell if the vehicle has been through a major accident or has a costly hidden issue.
5. Making Negotiations in Person
If you are buying a used car from a dealership, the salesperson will try their best to make you visit the venue. Once you are in the dealership property, it is much easier for them to successfully persuade you into making the purchase.
To avoid this, make sure you complete all your research at home and negotiate with the salesperson via phone or email. On the other hand, if you are buying a car from a private seller, mention some used car statistics over the phone to gain an upper hand before looking at the car at their place.
Remember that with any large purchase, it is important to be in complete control of your decision so that you are not at the mercy of the seller. If you want to replace your car, start shopping before it totally fails you. This way you will have time on your hands and be able to refuse offers that do not meet your needs.
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