Are you planning to purchase a used car? If so, you are not alone. Between private-party and dealership sales, millions of vehicles change hands every year. With a lot of choices available, finding the perfect one for you can be challenging. That is why we have made a list of steps to help make searching for the perfect used car a breeze:
Knowing How Much you can Afford
If you are taking out a loan to pay for a car, your car payment must not be more than 20% of your take-home pay. If you have a tight budget, consider spending less. With a used car, you may have to spend money on tires, maintenance, and repairs. Also, you will have to consider ownership costs including fuel and insurance.
Create a List of Target Vehicles
Some used car models may make good cars; however, they might cost a few thousand dollars more than comparable models. Thus, if you want to save money and buy segunda mano coches, think beyond one brand. Create a list of three cars that meet your needs and fall within your budget. If you want t purchase a car that is less than five years old, think about a certified pre-owned car. This type of used car has a long-term warranty backed by the car manufacturer. Franchised dealerships that sell the same brand new can sell a certified pre-owned car of the same brand.
You will come across used vehicles in used car sections of new car dealerships, used car retailers, independent used car lots, and websites that list segunda mano coches particulares sold by private sellers. Typically, private-party sellers often have the lowest selling price. Certified pre-owned vehicles will often cost the most.
Check the Car’s History Report
A vehicle history report can disclose essential information on the car, including whether the odometer has been rolled back or if the car has a salvaged title. With a salvaged title, the car has been declared a total loss by the insurer. To get the report, you will use the vehicle information number of the car. The majority of dealers provide this report for free if the vehicle is in their inventory.
Test Drive the Car
Test-driving lets you know if a used car is the right car make and model for you. It will let you evaluate the condition of the car. Thus, tune out distractions while driving and focus on the ride.