Unlike a brand new car, a used car has a history. There is always going to be more uncertainty when buying a used car instead of a new car. Buying a used car can be a much more economical decision since not everybody is in the market for a new car. However, it’s important to take the right steps and ask the right questions when considering a used car. You don’t want to find out crucial information about the car when it’s too late. Before purchasing a used car, ask these questions:
Why Is It Being Sold?
If you are looking to buy a used car from a private seller, find out why it is being sold in the first place. If the seller just bought a new car or the car wasn’t even theirs to begin with and they are selling it on behalf of a relative, they may just want the cash and not want to deal with the hassle anymore. This means that they will probably be more willing to negotiate.
What Is the Car History?
It’s important to know the history of the vehicle and have access to service records. Information like how many previous owners it had and if it was in any accidents should be provided. If purchasing from a dealer, find out if it was a trade in or if it was bought at auction.
Will Cash Get a Lower Price?
If you are able to pay for a used vehicle with cash, you may be able to get a lower price. Cash means that the dealer will get the payment immediately in full, so they may be willing to shave some money off of the price tag.
Has Any Work Been Done Recently?
In order to increase the value, a dealer may do some work on a used vehicle after they acquire it. This knowledge will help you better establish a fair value of the car.
Are Trade-Ins Accepted?
If you are buying a car, it’s likely that you are replacing another car. If you don’t want to try and sell the old car on your own, ask the dealer if they accept trade-ins and find out what the offer would be.
Is There a Warranty?
A certified pre-owned vehicle may come with a manufacturer’s warranty. Be sure to understand the terms of the warranty such as how much time or mileage is left on it, before agreeing to purchase the vehicle.