Used cars are often cheaper than new cars and if you are looking to buy a car on a tight budget you will find yourself heading down the used-cars section of the car dealership. With the current financial crisis around the world it is understandable to get a used car.
However, if you get that car blindly, you will run into losses leaving the car in your driveway since it won’t work. The car can also be too expensive to repair in future. To prevent any of this from happening, avoid the following mistakes:
- Not shopping around
Even when you know of this one place that you can get the car from, it is important to ask and shop around. There are many places you can buy the bets cars from. These include websites, car lots, dealerships, private sellers, auctions, and for-sale newspaper ads.
These are many places to search and therefore you must exercise a high degree of patience. Ask around, bargain, and stick to your budget. Research and shopping around makes it easy to find a good car that saves you money now and in future.
- Foregoing inspection
The most important step to buying a used car is getting the car inspection from reliable and professional inspectors. Even though inspection costs money, upfront, it will save you so much more later on. Visit Lemon Squad for the best inspection deals for vintage, exotic, expert, and commercial vehicles.
Some sellers may be unaware of problems in the car while others may vouch for the car even when they know that there are faults. You don’t want to be a victim of any of these, so, take that step and have the car inspected by professionals.
- Neglecting the vehicle history report
Most used cars will have just one previous user and that car has an automatic history. You should order the vehicle history report for information on maintenance, number of past users, accident users, any liens on the car, odometer readings, and the characterization of the car. If such information is neglected, you will run into problems later.
- Forgoing the test drive
Test drives are common when buying a car from a car dealership. Unfortunately, this isn’t the case for all non-dealership stores and you should always take the test drive. The test helps you to feel the car, its comfort, note any funny noises, smells, etc.
- Avoiding vehicle maintenance and repair
When buying a car, the cost is important. However, despite the low initial cost of the car you should consider how much the car will cost in terms of maintenance. There will also be repairs, how much will they cost? Will you afford the cost later on? How much will the spare parts cost and will they be easy to find? Before making the final payments, keep this in mind.
- Taking the first auto-loan offered
Even with a budget, chances are, you don’t have enough cash to pay the loan and you need to take a loan. Don’t take the first offer on your plate, shop around for better loans from banks and credit institutions. This will prevent higher costs in future.
- Ignoring the extended warranty
Future repair costs of the car must be considered. If it is there, go through the contract and see if it is possible to pay for the extended service contract now. This saves you more later on.
In conclusion, you should be keen when buying a used car. If you avoid all these mistakes, you will be on your way to a good and worthy asset investment.
Sandra Wilkins is an auto inspection expert and consultant. He has over 20 years experience in the field. Visit Lemon Squad online for more information on used cars and how to save more from such purchases.