Buy A Used Car: 3 Reasons To Say In With The Old
Why you should buy a used car. You know it is time to buy a replacement for your vehicle. Repair bills are looming on the horizon or eating into your checking account. Every time you turn around something seems to be going wrong — both large and small annoyances make driving an ongoing hassle. Once you have made the decision to go car shopping, the first question you must face is whether to go new or used. Here are three reasons you should buy a used car.
The top reason to buy a used car is that new cars are a losing proposition. New cars depreciate fast. Did you know that as soon as you drive a new car off a dealer lot it will instantly depreciate between $1,000-$2,000. After the first three years most cars are worth only about 60-70 percent of their original value. However if you buy an used car then you will have to pay a lot less for a nice car and you will not have to worry about that depreciation.
Once upon a time buying an used car was a risky proposition. There was a good chance you could buy a lemon or a car that had been used and abused or even been in an accident. Today the savvy consumer does not have to face these risks which leads to the second reason for buying an used car. It is safer (and less risky) than it has ever been before. Many reputable dealers offer one-owner vehicles that are still on warranty so that takes some risk out of the equation, but in addition today there are many research tools available on the internet to help you learn about the reputation and performance history for the particular vehicle model you are considering plus you can even run the vehicle identification numbers to determine if a specific vehicle has been in an accident. It is probably a lot less risky to buy an used car than a new unproven vehicle that might turn out to be a lemon. You can also get a pretty accurate value for a vehicle so you know how much you should pay.
Finally, buying an used car takes a lot of the stress out of new car ownership while still letting you enjoy the benefits of a new vehicle. Dealers will give a vehicle a turnout so it will have that new car smell, but because you do not have to worry about the price you paid you can sit back and enjoy your new-to-you vehicle without worrying about tempting fate. Plus, many dealers have more room to deal on an used car than they often do with a new car so you have more bargaining power.
So if you are looking to buy a car then you should consider buying an used car because it will save you money, it is safer than ever before, and it is less stressful.
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If you planed to buy an used car, it is important not only to find the car you like but you may also need to take some precautions like checking the car history, taking a test drive, knowing its book value or taking an extended warranty.
Check the cars history
An essential factor when car browsing is to learn the cars history. This entails finding a reliable source as to whether the automobile has ever been flooded or involved in an automobile accident. Before agreeing to buy used cars, consumers may obtain a CarFax report at www.carfax.com or by requesting that their local dealer provide a copy. There is a minimal fee involved in acquiring the report, but the findings are invaluable. For instance, the number of owners and the title status are both included in a CarFax report.
Take a drive test
Generally, used cars buyers will be permitted to take a test drive and also may think about requesting permission to take the automobile to a trusted mechanic for an additional inspection. The best way to confirm that the automobile is in the condition as stated is to take it to a mechanic, who can properly inspect used cars and locate any underlying problems. Even if most used cars are exactly as stated, when auto safety and any amount of money is involved, there is no room for error in judgment.
Know the car value
Before buying any used car, it is important to be familiar with the value of the vehicle. One way to determine an accurate value is through the use of Kelly Blue Book (www.kbb.com) and their extensive pricing system. By entering specific information about an automobile, consumers will receive instant value estimates online. In order to get an accurate value, consumers must know the make and model of the automobile, current mileage, additional features and overall condition.
Ask for an extended warranty
It may also be possible to purchase an extended warranty when you buy an used car. Because the original warranty has already expired on most previously owned vehicles, this option is available for the consumer who wants to make sure their purchase is covered. It is important to realize that the warranty is not automatically included in the sticker. In fact, the consumer should ask the dealer specifically about purchasing an extended warranty. More often than not, an extended warranty can be added into the total cost and may even be included in the financing.
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