10 Easy Steps For Buying A Used Car

Posted in March 20th, 2017
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Image source: Machanic via Creative Commons

There is much talk and opinions for and against buying a used car. However, not all used cars are bad and getting one may be what you just need at the time. Here are a few issues to check out on when buying a used vehicle.

1. Budget Formulation

Finances are the first step in getting you a car. It is prudent that you have a sit-down and get to know what you are willing to spend. This includes the initial purchase cost, the running maintenance cost, insurance, and the financing options you would consider in the purchase process.

2. Research

Once you have an idea of the spending limits, it is time to identify what car suits your budget plan and needs. Comparing different prices from various dealers pays off as you will get sales deals, offers and discounts available to you. However, you should take caution on enticing offers, as at times, the actual car does not live up to the offer.

3. Fine-Tune The Vehicle List

You probably have come up with a list of the vehicles that fit your resources. At this stage, you will have to consider the car’s history. This involves getting reviews of the car that borders on durability, mechanical issues that accompany the vehicle, performance among other details that suit your taste. At the end of this, you will have a perfect idea of what you will be going for in the market.

4. Get In Touch With Dealerships or Sellers

Now that you have identified your target single out the packages that work for you with the various dealerships you identified. This allows you to be specific on the dealers that contacting will get you that car. In some cases, individuals may be their own dealers, and it would be good to have a talk about the vehicle. Issues that should be part of the conversation ought to include; the reasons for selling, how long he/she owned the car, the damaged areas of the vehicle as well as its overall condition.

5. The Vehicle Inspection

So you were impressed by the car’s details and arranged for an inspection. You ought to ensure that you carefully assess the vehicle. Check out its condition, both interior and the body works looking for issues that would change your decision. The condition under the hood is also of importance. It is advisable to involve your mechanic in the test drive as he is better suited to give advice on the engine’s health.

6. The Car’s History

All details on your checklist are a pass. However, before committing yourself, do consider a search of the vehicle’s life. Government platforms offer a very objective avenue for this. A search on whether the vehicle was stolen, an outstanding loan attached to the vehicle, and insurance written-off status. This will help you make an informed decision.

7. Have a Valuation Done

A fair value of the vehicle needs to be determined. A professional valuer of the vehicle does the assessment, and one could use it during negotiations and when taking up an insurance cover.

8. Price Negotiations

You should consider a fair price that works for you. Often, trade-ins with your previous vehicle are considered a viable option and an easier option for most.

9. Payment and Agreements

It goes without say that at this point once payment is finalized; the ownership title is transferred to you. A sale agreement may be crafted and signed by both parties, and you then receive the logbook as proof of ownership.

10. Change of the Insurance Cover

Remember, the vehicle did not belong to you, and as such, the insurance cover on the vehicle will not cover you in case of any eventuality. It is, therefore, wise to get your own cover.

All that is left after all this is enjoying your new car.