Tips On How To Buy A Used Car Cheaply
The high level of depreciation that new vehicles undergo has made it attractive to buy used cars. When you buy a new car, studies show that you lose 10 % of its value as soon as you drive away from the garage and within the same year, the vehicle will depreciate by another 20%. After three years of buying a new vehicle, its value can drop by 40%. That is why many buyers who want to save money and be safe from the high level of depreciation that vehicles undergo opt to buy used vehicles.
If you can find a used car that is one to three years of age, you will still use it for many years to come, and some of them are still under the warranty of the manufacturer. The market for used vehicles dwarfs the one for new ones, and this offers huge opportunity for buyers to find a car of their dreams. You will find a cheap used vehicle with the help of the following tips.
Do sufficient research online to find a reliable used car dealer. Before you go out shopping, take your time to be clear on the type, make and model of the used car you are interested in purchasing and inquire about the estimate prices of the vehicle you intend to buy. When you are clear on the make and models of vehicles you are interested in buying; it is now time to check the mileage and other features of the potential used cars.
Once you are particular about the car you are interested in buying,go the dealer and check the used car. When you have become certain about the used car you want to buy, it is now time to test drive it, thoroughly check the features and shape in order to ascertain that the seller told you the whole truth about the vehicle. Check the used car history report and verify that the odometer is functioning well. See if the report has records of damage by accidents or floods and the previous owners of the vehicle.
The other tip to getting a cheap used vehicle is to look for private sellers. Most of the used car dealers have the prices of the vehicles at 10 % or more above those normally charged by private sellers. The deals from private sellers in most cases are lucrative because they could be moving out or buying a new vehicle. Even though the private sellers can offer lucrative deals, you must stick to following the standard procedure for purchasing vehicles. Before driving away with the vehicle. When looking to buy your used car from a dealership, ensure that you get it from a dealer with an unquestionable reputation as indicated by the positive reviews from past car buyers.