How to Buy Best Value Used Cars!

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(Photo Credit: Freepik)

Finding the One

Unlike their brand new counterparts, used cars may have cosmetic blemishes. Mechanical issues may potentially be a matter of some concern too. The appeal of buying used is to save cost - no one would want to have to spend extra to rectify issues present in a lemon. 

In this article, we’ll unveil the secret to finding the best condition cars at the best prices!

1. Understand Your Budget

Before you even start shopping for a car, you need to understand how much disposable income you actually have. This allows you to narrow down the list of vehicles that are in your budget. 

2. Search for the Desired Car Model

With a list in mind, you can further shortlist the exact list of cars that you’d like to view. Online platforms are ideal for this purpose, as you can set filters to eliminate cars that do not meet your requirements. 

3. Seller Must Have a Blue Book

Ensure the car you’ve picked out has valid vehicle registration paperwork. This is crucial, as it ensures the car’s legality. Further checks can be conducted with this, as it allows you to cross reference the car’s physical details (VIN number for example) against the documents.

(Photo Credit: Freepik)

4. Check the Car's Exterior Condition

Whilst a trained eye is needed to point out severe defects, there are a few basic things to look out for to avoid being scammed. Ensure panel gaps are even, and there aren’t any obvious signs of overspray.

(Photo Credit: Freepik)

5. Mechanical Health

Ensure indicated mileage tallies with servicing records. Any major damage, and the repair work, should also be documented. Check for oil leaks, or if the car makes any unusual sounds on start-up. Warning lights on the dashboard can also be used to point out potential issues with the car.

6. Proper Functioning of Various Systems

Other items not critical to propulsion should also be in functional condition. Do ensure the aircon blows cold, and what electrical equipment the car has been fitted with actually works as intended. 

7. Test Drive

If the owner permits, conduct a short test drive. Some issues are only apparent once the vehicle is on the move. Renegotiate if there are any major issues/concerns. Otherwise, proceed to create a purchase contract.

8. Make a Purchase Contract

Ensure that any agreement is recorded in writing. This will serve to protect both the buyer and seller, as there is written evidence that the transaction is set to occur.

Save More with Motorist!

If financially viable, do consider paying off the car in cash. Bank loans usually have steep interest rates, which can result in much higher monthly instalments.

Used car loans almost always have higher interest rates than finance packages for a new car. And if you are looking to effortlessly offload your current car to buy a new one, you  can opt to transact with Motorist! A free estimate will be issued within 24 hours! Find out more here!

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Read More: My Car Has Not Been Fully Paid Off. Could That Potentially Affect Its Selling Price?

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