Focus On These Four Things When Buying A Used Car
Buying a used car helps you save money due to the depreciation of the car, but it can also be tricky because you are not exactly sure of the condition of the car you are getting. Focusing on the following points should help you shed more light on the condition of a used car for sale
Reasons for Selling the Car
This may seem like an innocent issue, but it can give you insights into the condition of the car. For example, if the owner is selling the car because they want to raise money for college expenses or they are moving overseas, then the risk of buying a car with hidden damage is low. However, you should be wary of buying a car whose owner is selling because the car was involved in an accident and the owner "doesn't feel like driving it anymore."
Ownership History of the Car
Different people use their cars in different ways. Therefore, knowing the ownership history of a car can tell you a lot about the condition of a car, how well it was maintained, and even the true mileage of a car. For example, a car that was previously owned by a traveling salesperson is likely to be more battered as compared to a car that was previously owned by a retiree who mainly used the car for weekend errands.
Why the Car Is Priced That Way
You should also ask how the seller came up with the price of the car. You need to know if they are using guesswork, sentimentality, or market research for pricing the car. Ideally, the seller should have done their research to know how much a new car of the same make, model and trim level is selling. There should also be a consideration for the depreciation of the car as well as the effect of the condition of the car on the price.
The Maintenance History of the Car
This is important because it tells you how much you will need to spend soon after buying the car, among other things. For example, if the timing belt hasn't been changed as recommended, then you should include it on your to-do list after buying the car. The maintenance history of the car also determines its present condition; a car that has been preemptively maintained is likely to be in a better condition than one that was reactively maintained.
Hopefully, your next used car purchase will turn out to be a gem. Increase the odds of this being the case by buying from a reputable dealer.