Shopping for a used vehicle is exciting and is one of the best ways to get into a great vehicle at an affordable price point. However, if it’s your first time working with a used car dealer, you might feel overwhelmed or confused about the car buying process. For many shoppers, it can be stressful thinking about whether the used car they’re looking at is going to be a reliable purchase.
To help ease this stress, we’ve rounded up a couple of things you need to know before heading out to your local used car dealer. Read on to discover what you should know and consider when buying used.
Know a Used Vehicle’s Value
Knowledge is power, especially when you are looking to buy a used vehicle. One piece of information you absolutely must know before shopping is the value of the vehicle you are eyeing.
Start by researching the type of vehicle you need and consider your lifestyle and everyday commuting needs. Once you have a list of vehicles you want to consider, get a sense of what the vehicle’s value is. You can use tools like Kelley Blue Book to get an estimate of your vehicle’s true value in today’s current auto market.
Doing your research allows you to determine if a car is fairly priced, and it gives you additional negotiating power when it’s time to discuss pricing.
Understand the Difference Between Used and Certified Pre-owned
Deciding whether to buy a used vehicle or a certified pre-owned one is crucial. Both options offer an affordable way to get into a quality vehicle. A certified pre-owned vehicle costs a little more than a used vehicle but it offers you greater peace of mind. Certified pre-owned models undergo a rigorous multi-point inspection so that you know that all parts of the vehicle work as they should. Additionally, you’ll get the benefit of warranty coverage and additional perks offered by the used car dealer you work with.
Know Your Financing Options
It’s equally important to know what your financing options are. Decide whether you’re going to go with a traditional lender or with a Buy Here, Pay Here Dealer.
When considering financing, it’s important that you know your credit score and have a sizable amount saved up as a down payment to make your dream vehicle more affordable. Even if you don’t have the best credit, many used car dealers will work with you so that you can still qualify for a great ride. Knowing your overall financial standing is important to helping you secure a competitive financing package.
Know What to Look for When You Test Drive the Vehicle
It’s important to take the used vehicle you’re eyeing on a test drive. When you’re out on the test drive, keep your ears open for any weird noises, rattling sounds, or issues with accelerating and braking. Also, get a feel for overall drive, handling, and suspension.
Once the test drive is over, give the vehicle a good once over and make sure the body is in good shape. Keep your eyes open for common issues like rust, water damage, smoke damage, mechanical issues, and other problems commonly found with a used vehicle.
Visit Your Used Car Dealer With a Trusted Mechanic
If it’s your first time buying a used car, you can always benefit from the knowledge of an experienced mechanic. Bringing along your mechanic allows you to have another set of eyes on the used vehicle you’re looking at. Your mechanic will have knowledge of common issues with specific makes and models and can help you determine if a vehicle is worth your time, energy, and, most importantly, money.
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