Finding The Best Bargains On Used Cars Each Time
July 22, 2011
The decision to buy a vehicle is an important one since you may end up driving it for much longer than you think. Used cars can be a good option for people who would like to make the most out of their money. However, there are some facts that you need to know so you can purchase the car without running into problems.
Of course, the most attractive thing about used cars is the fact that they are usually much cheaper than new ones. It is estimated that you lose thirty percent of the value of a new vehicle immediately after driving it out of the dealer's lot. This makes the purchase of a new vehicle something of a luxury purchase in a sense.
Since older cars represent such a value, many people look to dealers or individuals who are offering their secondhand vehicles for sale. Make sure to check the actual value based on the year and make of the vehicle in question. If you see a discrepancy between the book value and the offering price, you should ask if extra modifications have been made that add to the price.
If you do find an amazing deal, it pays to look into why it is being offered so cheap. Of course, people do sometimes sell cheap if they find themselves in a financial bind. But, this is relatively rare. The danger is that there is some other problem with the car that may not be evident upon first glance.
You should strongly consider taking the vehicle to a mechanic unless you are very knowledgeable yourself. This will end up costing you less in the long run. Some mechanics will even agree to check all the automobiles you look at for a fixed price. This can make it much easier to check all potential purchases. If you already have a running relationship with a mechanic, it may be easier to cut such a deal.
Remember that you need to get everything in writing. The infamous verbal agreement will not have any legal standing at all, so do not rely on that. Also, if you are buying the automobile "as-is", which is the case with many transactions between individuals, make sure you know you will not be able to do much if you find other problems with it later on.
Don't forget that you can use the VIN, or vehicle identification number, to do an online search for more information about the vehicle. Increasingly, government and consumer advocate organizations are offering their information on the Internet. Some of these are free, but you might have to pay for some of them.
When you think of used cars, you don't necessarily have to conjure up the idea of a clunker rolling down the road with smoke coming out the back. Many older automobiles have been taken care of and are in great shape. Just cover your bases by getting the car checked and getting everything in writing so you do not end up having a bad experience.
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