Suggestions you must learn before buying used cars
Buying a used car sometimes is not a bad idea if you are a student or go into the workforce for a short time. However, if this is you very first time to purchase a used car, we have some suggestions you would like to here first.
Depreciation is frustrating
Why are you buying used cars? As soon as the new car leaves the parking lot, it will depreciate by 10%, and the first year will depreciate by 20%. Three years later, the average value of this new car is about 60% of the value of the new car. This may be a frustrating news for the original owner, but for cautious used car buyers, this is a screaming deal.
A model that is one to three years old may still be covered by the manufacturer's warranty, and unless it is abused, it may provide more years of good service. In addition, considering that the used car market is huge, about 43 million used cars are changed every year, which makes the new car sales of 17 million.
First do some research
So how do you make sure you get a good deal? Philip Reed, senior consumer consulting editor at Edmunds, said: "Before you actually buy a car, do whatever you can." This means researching the brands and models you are interested in and where they are. The price of the area. By studying specific vehicles with the characteristics and miles you want, you can introduce competition into the car buying process. The seller may not meet the lowest price you found, but there is no harm in asking.
Edmonds is a great resource for car shoppers. Together with the Kelly Blue Book and the National Automobile Dealers Association, it tracks the purchase of new and used cars to provide detailed pricing information. Alec Gutierrez, senior analyst at Kelley Blue Book, said: "We collect tens of thousands of weekly sales from wholesale auctions, large and small dealers, vehicle registration data, listing data and other sources.”
Some car magazines—especially the biggest car magazines and the Drivers magazine—have also helped them with a long backlog of comments and a preference for driving enthusiasts.
Look over
Once you decide what you want to buy and what they sell, it's time to check the car and test drive to make sure everything the seller says is true. Obtain vehicle history reports (carfax and autocheck are two common choices) to confirm odometer readings, ownership history, and accident and flood damage reports.
Private seller
When shopping, please note that dealers usually charge at least 10% more than private sellers. Most people who sell cars are not professional salespeople and are not good at bargaining. In addition, they may be moving, or, if they purchase a new car, they need to make room in the driveway. Before you give your money to a private seller, make sure they have signed your name (also known as the "pink list"). You also need to insure the car before driving. This is a less structured process than buying from a reseller, but if you want to save as much as possible, and if you trust the seller, private purchases may work.
Dealer
Of course, this is a markup, but the dealer's markup can bring substantial advantages. First, buying a series of cars from a dealer's parking lot is much easier than running around in the town to cross a single seller. Dealers are also more likely to clean and basically inspect cars, and they are subject to federal trade commission rules and state and local regulations.
If you want a used car but are concerned about its reliability, you may want to check out the factory-certified products.
Register used car
Certified used cars (CPO) are offered by most luxury brands such as Lexus, Lincoln and Mercedes-Benz, but also mainstream brands such as Nissan and Chevrolet. The CPO vehicle has been thoroughly inspected, any maintenance issues have been resolved, and the appearance is intact - no internal cracking, fender impact or loss of trim. When talking to a dealer (according to their nature, the certified car is sold through a dealer, not a private one), ask them to show you their inspection report, which will list all areas of the inspection, regardless of any models. The recall includes details such as tire tread depth and brake pad thickness. CPO cars tend to be less worn and worn. For example, Mercedes will only certify cars that are 6 years of age or younger and have a mileage of less than 75,000 miles. Then, the German brand added an initial warranty of one year and unlimited mileage, plus 24-hour roadside assistance, travel disruption protection and service loan cars.
Discontinuation mode
Buying a car that has been discontinued or sold slowly is another good option. Dealers have limited space and will discount a lot of these vehicles to make way for new models. I bought my 2006 PT Cruiser Convertible in 2007 at half the price of just over $30,000. Its odometer is only 12 miles, and it's just a veritable used car, but a few months later, he was upset about the dealer's parking space, so he was ready to make a deal.
