Buying A Used Car? Know The Basics

Buying a car shoots up the adrenaline and it occurs especially if it is your first car. We all have predefined budgets, according to which we make purchases. Similarly, you might be having a predefined budget for a car, say Used Car which is light on the pockets along with other benefits.  When buying a Used Car, you should be extra careful because it is imminent that the car has ceased to be in warranty which could incur the high cost of maintenance if you buy it without thorough inspection in the first place. Here are a few basics that you must know before buying a Used Car.

1. Assess your budget and search for used car accordingly –

It is undoubtedly the most crucial part while buying a car. A New Car can cost you hefty, say $30,000, while the same car purchased 5 years ago will cost you around $20,000 which is a quite massive difference. Used cars if inspected and maintained well can stay strong for years to come and it also attracts a lower Insurance rate, which makes it ideal for one with a tight budget to purchase a car.

2. Check for classified websites and Used Car Dealerships –

Once you shortlist the car you want, you can visit classified websites or a Used car dealership to know the price of the car. A used car costs less than a new car, however, Certified Pre-Owned (CPO) cars might cash a little more than what the private seller would quote.

3. Get a thorough car check done –

A used car may break down or require constant maintenance if not taken care of. Therefore, while buying a used car, get it thoroughly checked and ask for Vehicle History Report. It will enable you to understand if something needs to be changed or maintained even before buying it. CPO doesn’t require check as it has been already performed.

4. Take a test drive and assess the ride –

Taking a test drive of the car will help you understand the basics such as how the gearbox or accelerator and brakes are working properly. A Test drive reveals the shortcomings and flaws that your car might possess.

5. Negotiate the price –

After the test drive, decide how much you are willing to pay for the car and quote the lowest price to start negotiating. A private seller would accept the lowest quote if you found out the issues that need to be rectified.

6. Complete all the paperwork –

It is essentially the most important aspect of completing the buying procedure. Complete all the paperwork and get the car transferred to your name. Make a checklist of documents and ask the seller for all the papers and validate it before finalizing the deal.

Head on down to Speedway Chrysler Dodge Jeep Ram and their sales specialist will help you pick a used car that is right for you.