Things You Should Keep From Doing On A Used Car - Vol.285
Buying a used car is often the most economical option for most people. Not only is the initial financial input far lower than a new car, but buyers will not have to contend with the obscene depreciation of a new vehicle. There are, however, things that buyers should avoid when purchasing a used car. By following the rules below, buyers can rest assured that the used car they purchase will give the best value for the money spent.
Don't Overpay
Certain used car dealers and lots will try to sell you additional gimmicks, which drive up the price of your vehicle purchase cost. Add-ons like protective coatings and credit life insurance are a large waste of your time and money. Also make sure to double check the invoice or cost list for your vehicle purchase before submitting any form of payment, many sellers will add fictitious fees to the invoice, merely to increase the purchase price.
Don't Buy From Questionable Car Lots
The theory that if it looks too good to be true, it probably is, is very accurate when it comes to buying a used car. Always look into the history and business practices of the car lot or dealership which you are attempting to purchase from. There are too many disreputable sellers out there, and a vast majority of them specialize in used vehicles.
Don't Buy a Car from the Side of the Road
Unless that vehicle on the side of the road is attached to a dealership or used car lot, and has the proper paperwork to correspond to the sale. While there are private sellers who are honest and totally above board, many of them are not. If you purchase a used vehicle from the side of the road and discover that it is a lemon, you will have absolutely no form of recourse afterwards.
Don't Bargain from the Wrong Price List
When attempting to negotiate a better price on a used car, make sure you are working from the correct set of numbers. Many buyers make the mistake of using the list price as their frame of reference, and then trying to bargain down. Instead, you should start with the realistic price of the car, and slowly work your way up to what you are comfortable paying. Remember, a list price or internet value does not necessarily apply to the specific vehicle you are purchasing.
Don't Assume that the Car is in Great Shape
While many used car dealers have a mechanic on site to verify the condition of each vehicle, that does not mean that the car or truck is in perfect working order. Many used cars are sold regularly that appear to be perfect, yet have been totaled in the past or even been the victim of flooding. Always remember that looks can be deceiving.
Don't Skip the Research
There is no reason for a buyer to go into a used car sale with blinders on. With the likes of Car-fax, and other reputable automotive fact checkers, each buyer should take the time to run a report on the vehicle they are considering. This will tell you everything from how many owners the car has had, to accident status and major repair work done.
Don't Fall for Modifications
After-market modifications have become increasingly popular in the last twenty years, and they are not all bad. However, just because that new to you four-door has added bells and whistles does not mean that it is a wise purchase option.
Buying a used car can be daunting at times. Make sure to do your research, talk to professionals, and trust your instincts. All of these important tools will prevent you from making a poor purchase.