5 Tips for Buying a Used Car

Since 2019, the COVID-19 pandemic has affected vehicle production worldwide, and there has been a global shortage of semiconductor chips that are crucial components in a modern vehicle. As a result, fewer new vehicles are available on dealer lots, and the combination of fewer new cars and more people looking for lower-priced vehicles has increased the demand for used cars and consequently driven up prices. So, if you’re looking to buy a used car, you’re far from alone. But don’t fret! Our auto experts have created this guide to help you find and buy a used car.

Consider checking out our wide range of inventory of used cars and get the best deal at our dealership.

Key Takeaways:

• Buying a used car is usually a smart purchasing decision since prices depreciate more slowly than new cars.
• You should understand your budget and the interest rate and loan terms you can afford.
• Buying a used car comes with its own risks. You have no idea how the previous owner handled it- so have it professionally inspected.
• Test drive your car before taking it home to avoid surprises in how it operates, accelerates, and brakes.

Set A Car Buying Budget You Can Afford

When buying a used car, the best way to save money for a huge purchase is, to be honest with how much you can actually afford. If you already have an affordable car loan, stick within that range. Otherwise, know that it’s recommended that you spend 20% or less of your budget on car-related expenses. Consider your monthly loan payment, and additional vehicle costs will undoubtedly pop up. For instance, fuel costs, insurance, and regular maintenance.

Consider A Certified Pre-Owned Vehicle

Certified pre-owned (CPO) vehicles are typically found at dealerships. These vehicles are specially inspected and approved by the manufacturer. In general, buying CPO means that your car will have good parts, low mileage and proper maintenance. Additionally, COP vehicles are properly cared for and accident-free and come with a supplementary vehicle warranty for long-term quality assurance.

Check The Price

Prices are driven in part by where you’re shopping. Therefore, before you inspect them, look up that car model in a pricing guide, like the Kelley Blue Book. You can use the guide to estimate the car’s market value by assessing its condition based on factors like mileage, age and options. With that in hand, you’ll have the information you need to negotiate effectively.

Check All Paperwork Thoroughly

There’s no point attaching any value to the pile of papers that comes with a used car if you’re not prepared to check them out. Since you’re at a dealership, you’ll sign the contract in the finance and insurance office. There, you’ll likely be offered all the paperwork necessary. Review the dealership sales contract thoroughly, and in most states, it lists the vehicle’s cost, a documentation fee, maybe a small charge for a smog certificate, license fees and sales tax. And if you’re buying a car from an individual owner, ensure the seller properly transfers the title and registration for you.

Have The Car Inspected

If you’re interested in the car, consider having a mechanic inspect it before you buy it. An inspection is an excellent way to reveal any mechanical issues with the car before signing the deal. Most dealerships will let you borrow a car for an outside mechanic to inspect, and you’ll pay for the inspection. However, if it’s a CPO car, the assessment has already been done, and the vehicle has a warranty, so there’s little reason to take it to an independent mechanic. But you can still choose to do it.

Test Drive the Car

It’s vital to ensure that the car drives and handles correctly and performs as expected. Besides, a test drive can alert you of any potential vehicle problems and help you decide if it’s worth buying. In fact, keep the following in mind while test driving:

• Check for visibility, particularly if there are any blind spots.
• Test how the car accelerates and stops and if the brakes are responsive and predictable.
• Check for mechanical conditions by listening for any unusual noise vibration that could indicate worn suspension parts for tires.
• When you start the car, the warning lights on the dashboard should turn on for a few seconds, then go out.
• Check for oil pressure, engine, and airbag.
• Test things like the back seat legroom and cargo capacity, the sound system, and any other important features.

Essential Note: Select a test drive route with a bit of rough pavement, hills, curves and even a stretch of highway.

Find and Buy a Used Car Today!

It’s important to research before making any big decisions. If you take the time to plan ahead and gather all the necessary information, then buying your vehicle should be less stressful than ever before. And if you’re ready to buy your new ride, check out our wide array of used car inventory. Or call us to speak to our friendly personnel, who’ll guide you through your car-buying journey!

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