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Tips on buying a used car. Why should I buy a second hand car.BY: Jessica | Category: Shopping | Post Date: 2008-09-12
We all love the "new car smell" and the fact it's brand new gives us a better sense of reliability and security. On the other hand a used car can not only result in great savings but there are several other factors one should consider before making up their mind. 1. Avoid depreciation: As any brand new car loses value on depreciation as soon as it hits the road. The depreciation is most in the initial 2-3 years and then the value of the car falls less slowly. I personally like to buy a car which is little less than 3 years old or has about 6 months of company warranty remaining so that in case there are any unknown problems with the used car,in that case most problems will be taken care by the manufacturer (Ex: If the warranty of car is 3 years/36000 miles, I would prefer a car which is around 2.5 years old and has less than 32,000 miles on the odometer). Overall most people suggest buying a used car which is 3-5 years old. 2. Reliability: Most new cars which are manufactured today are much more reliable than old ones, so it is not wise to compare an experience of someone who brought a used car 5-10 years back and had a bad experience. Go online and there are several free websites like edmunds.com, kbb.com which can give you the reliability rating of most makes and models. You should always get a used car checked by a local mechanic, check the blue book history and take a test drive. 3. Better model or brand for same price: If you budget is 15,000 dollars, you can probably buy a Honda civic or Toyota corolla but you can get a better second hand car of higher make/model within a same price. 4. Dealer "certification": These days it is fairly common for a dealer to give you a new warranty with a used car which is pretty close to a new car warranty. It is important for you to understand what all warranty will cover before you take for granted that everything is covered. 5. Lower insurance: Since the value of car has come down, you will also pay a lower insurance. 6. Financing rates for used cars have dropped in recent years. Additional tips: - Don't buy a car which has been in a serious accident or was flooded in past. - Do not make a spontaneous decision, get the car checked by an expert mechanic, drive yourself and see the blue book history. Experian AutoCheck Vehicle History Report is also a good choice. - Don't buy a car under the car sales person's pressure. - Use the internet: Visit Used car classifieds sites such as Cars.com, CarsDirect.com, eBay.com and UsedCars.com. You can also use these printouts to negotiate price with your local dealer. Article Source: http://www.saching.com About Author / Additional Info: Additional Articles: * Picking the Right Wedding Photographer * Love Marriage Vs Arranged Marriage - Which one is better? * Learn the efficient methods to lower your blood pressure * THE BENGAL BRIGADE - Yesterday and Today | Famous Bengalis * JOBLESS !! .. THEN READ IT Does this article violate or infringe on your copyright ? It is a violation of our terms for authors to submit content which they did not write and claim it as their own. If this article infringes on your copyrights, then use our Contact us form with the detailed proof of infringement along with the offending article's title, URL and writer name. If you do not hear back from us then contact us again in another 10 days. Thank you. Comments on this article: (0 comments so far) * Additional comments are now closed for this article *
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