Do This Before You Set Out To Buy A Used Car

May 13, 2022
Posted by: Willem Greeff

Buying a used car can be a smart financial move, but making an impulse buy could mean you end up with a lemon. Whether you’re heading to the dealership or buying from a private person, you must knowledge yourself and have resources to help you making the best decision.

DEFINE WHAT YOU WANT AND DO YOUR RESEARH

First wright down what you want from a car

  • How many people does it need to sit
  • Would you like a small or big car
  • Certain features you need in the car

Then research which cars will fit your description and the prices

To browse on social media is much better, as just to walk into a dealership and be pressured into a sale by a salesperson.

Before you ever set foot on a lot, look at classified ads, Facebook or google and print out information on the used cars from different dealerships so that you have a better idea of what is available and what you should expect to pay for similar vehicles in your area.

READY FOR YOUR NEXT CAR?

At Pels Auto, we offer a diverse range of quality used cars and we can assist you with your vehicle finance application.

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SET YOUR BUDGET

Setting a price range for yourself can also help you narrow your search and negotiate a price you are truly comfortable with.

When you talk with the seller, be firm with your budget range, but don’t share your target price until the dealer or seller makes an offer – not revealing the number gives your more negotiating power.

Remember , a used car budget shouldn’t just include funds for the car, but also money for an inspection and to cover any small repairs that may be necessary.

OUR 5 TIPS TO HELP YOU BUY RIGHT:

  • Set your budget
  • Consider your finance options
  • Check the history report
  • Do a test drive
  • Be prepared to say no

CONSIDER ALL FINANCING OPTIONS

If you are not planning to buy a car cash, consider financing options beyond the dealership. You may be able to get a great rate on a loan through a different bank for example.

Try to get rate quotes from a few unions and talk to each potential lender about the types of cars and price range you are working with.

CHECK HISTORY REPORTS

Reports give you the history of a used car, letting you know if the car has been in an accident or might have any other potentially worrisome events in its history.

Most dealerships will run reports for you, but for other dealerships (or buying from a private seller) you can run a report yourself.

DO A TEST DRIVE

This is perhaps the most important part of buying a used car – seeing how the car actually drives. And try to test it in a variety of situations, including on the highway and up and own hills.

If anything puts you off or even if you find the car uncomfortable, don’t be afraid to walk away.

BE PREPARED TO WALK AWAY

Do not walk into the sale with the intent of purchasing the car that day. Being too eager to make the purchase can put you in a position to accept an offer you’re not truly comfortable with or settle for something that may cause more problems down the road. No matter how good the deal seems, be prepared to shop around so you aren’t pressured into buying a used vehicle that may not be the right match for you.

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