You have decided to buy a second-hand car and started looking for the right used car for you. The next steps will be much more complicated than the decision to buy a car. Of course, you want a vehicle in the best possible conditions at the lowest price. Just because you are going to buy a second-hand car but it does not mean that you will settle for a large piece of scrap metal. So, you don’t end up regretting your purchase. Be very meticulous and careful when buying a second-hand vehicle. Here are some tips you should know before buying a used car.
Research your options extensively
Before contacting sellers, be sure to arm yourself first with enough knowledge about the used car model you want to buy and its price range. Ask your friends and colleagues for advice and clues that bought a second-hand car. Join the car forums, especially those that focus on your target brand or model, and ask questions. Check the listings of used cars in newspaper and website classifieds to find out how much your preferred model costs.
Compare used car prices
As you browse the different websites for buying and selling used cars for sale, make a price comparison of the model you want to buy. Also, check the specifications of the lower priced units, as they may have a higher mileage or may be models of older years. Do you plan to buy a used car through a car loan? First calculate how much you will pay for the interest and compare how much it will cost with the total cash payment.
Also check mileage
During your research, do not focus only on prices. The cheapest used cars are not necessarily the best to buy – they typically have higher mileage. The higher the mileage, the older the car. The older the car, the more parts it will have to replace. So be sure to check or ask for details about the mileage of the car you are considering buying. Avoid cars with a mileage greater than 60,000 km. Because the parts of these units are likely to wear out.
To check the mileage of a car, pay attention to the pedals and the steering wheel during vehicle inspection. Your condition can tell a lot about the real age of the car.
Set a reasonable budget for the used car
In addition to the purchase price of the car, reserve an amount for the repair and replacement costs that the car will prepare for the road. For example, establish a budget of PHP 100,000 to fix a second-hand car with a value of half a million. This way, you will save the stress of having to take money out of your wallet every time a component of your newly purchased vehicle breaks down.
Thoroughly check the used car for red flags
Never agree to buy a used car without making a thorough inspection yourself. Be as meticulous as possible; check not only the body, but also all corners and cracks. Look for red flags that indicate the car has been involved in an accident or flood. Some warning signs to watch out for:
-Filling in the engine block
-Inconsistencies in paint quality
-Retouching covering scratched or bent parts
-Components that do not work properly
-Tires that do not match
-Never skip the test drive
Did the car pass your visual inspection? All right! The next step is to test the unit. Insist on driving the car for a test; If the seller refuses, just leave. You do not want to waste your money earned with so much effort in a car that it is cheap but it will cause you long-term headaches. Refer to this complete checklist when trying to drive a used car.
Negotiate a fair price
A complete inspection and a test drive should give you an accurate idea of the condition of the used vehicle. With that information, propose a price that will be negotiated with the seller. Increase your chances of getting a lower price by pointing to the red flags you discovered while inspecting and testing the car.
Information Source: https://www.moneymax.ph/car-insurance/articles/used-car-buying-tips