In the US, nearly 40 million used cars exchange hands every year. Due to the fact that there are a variety of used cars in the market, choosing the right one for you can be very challenging. The Internet has many websites of shopping advisers online which can offer good tips on how to look for the right used car. Consider these useful tips in guiding you to look for the right used car.
An affordable budget must first be determined in order for you to limit your search for used cars and just focus on which cars fall under your budget. One must also bear in mind that used cars are subject to more maintenance care, like new tires, regular engine maintenance check-ups, etc and this translates to adding these expenses into your budget allocation, as well as ownership costs like fuel and insurance. If in case you have applied for a loan to buy a car, the rule of thumb here is that your car mortgage must not be more than 20% of your salary.
So you cannot be burdened with so many used cars to search, limit your choice by just targeting to at least three brand cars, which are reputed to have good maneuvering system, good material construction, and reliability and which have price ranges that fall into your budget. Bear in mind that used cars that are less than 5 years old has a CPO (certified pre-owned) warranty, which is backed by the car manufacturer and not from the car dealer. By inquiring on this, it assures you of the quality of the car and reputation of the car manufacturer.
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There are factors that contribute in pricing a used car and they are: location and CPO warranty. Used cars can be found in new car dealership display lot, independent used car lots, and used car retailers, of which prices of the same brand car and model may vary, such that the used car retailers offer the lowest selling price.
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A car with a bad history will have the least chance of being bought, so it’s important to check the history of the vehicle. In securing the used car’s vehicle history, you can sourced this through AutoCheck and Carfax, which can not only give you the vehicle history but also if the car has a salvage title, meaning that the car has been declared a total loss by the insurance company or if the car’s odometer has been rolled back.
It may not be enough to just rely on the car’s history, the best way is to get in touch with seller and find out from him/her as to the condition of the car, as there might be additional information which the seller can let you know which could be a factor in your decision to buy the car or not.
If possible, get an experienced mechanic to check on the car so that whatever is the mechanic’s report can help in your decision.
Allow you and the mechanic to test-drive the car, so you can have an idea if this is the right car and model for you and if it is in a good condition.