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Buying a Used Car - Things to look and useful tipsBY: Jessica | Category: Travel | Post Date: 2008-05-28
There is a huge market of used cars with plenty of choices from make, model, year, miles on car, condition and features. Buying a used car is obviously much tougher than buying a new one, so its very important to do some homework before you really go out to buy a used car. Here are a few tips that should be helpful to make a better decision on your car purchase.
Tip #1. Ask yourself which features of a car (or truck or SUV) are important to you and which are just nice to have. Examine quick questions like - Is Gas mileage per gallon important to me then in what is the minimum acceptable range. Do I really need a 4 wheel drive or 2 wheel drive is fine, automatic or manual gear vehicle, Power or manual windows, central locking is needed or can you even do without it. How much will you be driving, do you have and specific model preference. How much total price are you willing to pay and if financing then what should be your maximum monthly payment and loan duration.
Tip #2. Work on your financing first: If you are paying in full then need not worry about this. Otherwise you need to know that whenever you finance anything there is some extra money which goes towards the interest, paperwork and loan costs. Shop around for loan and compare annual percentage rate (APR), loan length and monthly payment. Do not let your loan length be to long.
Tip #3. Check Consumer Report see which cars have performed well with minimal problems over longer period of time.
Tip #4. If you are buying from a dealer, check sites like Better Business Bureau (BBB) and your local consumer protection agency on how well they rate those dealers. Check their Buyers Guide to figure out what all is covered if you have a problem. Buyer guide tells whether there is a warranty, what is covered and how much will a dealer pay for repairs in case of a problem. Any promises that dealer or salesperson says which are not in Buyers guide, get those in writing. Keep all these document . safely.
Tip #5. Always visit sites like edmunds.com or kbb.com to find out what is the correct price you should pay for a car. These sites are also filled with tons of other useful information.
Tip #6. Once you have made up your mind on a car get it inspected by an Automotive Service Excellence (ASE) certified mechanic, to see if it's been ever been wrecked or has any major defects. The price varies from mechanic to mechanic but most charge around $70-$100 for inspection.
Tip #7. Another extra expense but worth paying for is report on the car at carfax.com. That will tell about the number of owners, any accidents, if the vehicle is personal or commercial and more.
Tip #8. Check the condition of battery and tires. For example if the tires are about to be worn out in another 5000 or 10000 miles then the car coming with an extra hidden expense.
Tip #9. When buying from an individual they are not always obligated to provide Buyers Guide by law, then its even important that you get it inspected by a mechanic. If possible buy a car still under manufacturer's warranty which can be transferable to you.
Tip #10. Test drive the car not just on the local roads, but check if the current owner allows you to go to the freeway, if so then do it to check how the car performs at higher speed.
Tip #11. Check with owner if they have a record of all the regular services and work that has been done on the car. See if there are any major problems or recommendations stated in recent service records.
Tip #12. ALWAYS BARGAIN !
If there is a problem try to work it out with the dealer, or the manufacturer ( if its under their warranty). If you still have problems go to FTC (Federal Trade Commission) site ftc.gov and follow their recommendations.
Article Source: http://www.saching.com
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