Used Car Dealers: Important Things You Need To Know
A lot of people would prefer having a pre-loved car to purchase than a brand new one. Even if there are quite a lot of brand new choices nowadays, there are still a few compelling choices to get a used car.
First of all, you may really want to buy a specific car model for years now and you may have actually found one of a particular model year with a much lower price today. It could also be that you already have the cash needed to buy a car but you just don’t want to put up with years of payments like you might be required to do when getting a brand new car. Moreover, you might just be able to see a lot of value in a used car compared to a brand new car, especially if you’re running a small business and you realize that getting a used car can let you save more cash.
However, you can’t really ignore the fact that buying used cars may have its pitfalls. Not like a brand new car wherein it is expected to have everything running perfectly, you can only depend on the reliability of the used car based on the previous owner’s driving and maintenance habits. Below are some very important things that you should keep in mind when dealing with used cars:
You should expect that you will be replacing more parts the higher the mileage on the car. Things like brake pads and fuel filters can be relatively inexpensive, but you should know that it could get bigger steadily like having to do a transmission overhaul one day, and getting a new radiator the next, or having to replace your A/C Compressor. It would help a lot if you have a copy of the periodic maintenance schedule of the car just so you will be made fully aware of what you’re getting into.
Avoid being cheap. You can always be thrifty but avoid delaying replacements of worn parts because you’ll end up having to spend more. Keep in mind that delaying your replacements for the cooling system of your car will only create a domino-like effect.
Make a budget for two things: one for your initial payment for car purchase and one to make it truly roadworthy. It is strongly recommended that you have at least 20% of the total price of your car as your “fix-it” budget. With this, you’ll have a proper budgets for parts that already need replacing.
You should still do some research on the car. The best way to do this is to talk to friends or somebody whom you trust who have also owned a particular model you’re interested in buying so that you’ll get to know more about the car’s reputation.