In modern times of today, a car has become a necessity. Buying a lavish new car is not much of a big deal for the elite class, but it can be an exorbitant decision for people living on limited means. Other than a limited budget in hand, there are various other reasons people prefer investing in a used car these days. Some of them are – lower price tag and less depreciation, no liability of sales tax, lesser insurance rates, etc. All these benefits have given way to the tremendous growth of the used car market in the past decade globally.
However, buying a used car is trickier than buying a new one. There are concerns about the car’s actual condition, any breaking or fixing that may have happened. And, the moment the money has been handed over, the car becomes your problem irrespective of what happens to it. So, to save yourself from having to regret the decision later, keep the following tips in mind while you head out for your treasure hunt-
Set your budget
The first thing that should strike your mind while you plan to buy a used car is – how much am I willing to spend on the car, and how will I pay for it? Don’t get enticed by the fancy models of used cars you see in the market and buy it outright. Rather, consider your budget and plan for it carefully. Also, don’t forget to take the maintenance costs into account that you would have to shell out on the used car with each passing day.
Choose the right model.
After having budget clarity in mind, consider the kind of car model that would be a perfect fit for your pockets and needs. Do a detailed analysis of your lifestyle and the driving conditions you encounter to pick the suitable option.
Check the reviews
After listing down the options best suited to your range and requirements, start checking the reviews and ratings for each one of them. Read consumer reports and automobile magazines for a detailed comparison. This should help narrow down your options further.
Take a test drive
It is important to see how your shortlisted car model performs. So, go ahead with taking a test drive and see how you feel about it. Take rounds on different types of roads, check the accelerator’s smoothness, the performance of emergency brakes, the efficiency of air conditioners, etc.
Look for signs of wear and tear. Examine the engine first by taking a mechanic along with you. Check for rust, dents, or any signs of leakage. Make sure the windows and doors function smoothly, and the handles and locks work well.
Buy from a reputed dealer.
While searching the market, you would come across dozens of car dealerships offering amazing deals. Amidst all of this, a person is bound to get confused and fall prey to false claims and promises. So, make sure you consult multiple dealers to calculate what each of them is offering. A reliable car dealership always provides a detailed service and maintenance history to indicate how well the car has been maintained.