Buying a car is like going on an adventure, but if you make the wrong moves it can easily turn into a terrible misadventure. There are a lot of pitfalls to avoid and a lot of challenges to overcome. While it would be nice to simply see a car you like, put down the money and go, there’s a number of things you need to think about. Here are some important considerations and helpful tips to keep in mind when buying a used car to ensure you get the most for your money.
What You Need To Know
Buying a Used Car
Buying a used car in many ways is more complicated than a new one. There are a lot of factors that come into play — you don’t necessarily know the car’s history, any problems it may be carrying, or a number of other factors. That’s why it’s so important to do your research before starting the deal.
Check the Miles
Checking the miles on the car is a good place to start. While low mileage is usually a good sign, it can cover a number of other problems. For example, a 20 year-old car with incredibly low mileage can be hiding dry-rotted lines and hoses because vehicles need to run to continue running smoothly. High miles, on the other hand, aren’t necessarily an indicator of problems. Mileage is just a good place to start.
Options and Features
Check out the features and options the car has, and how well they’ve been maintained. If the car has a ton of features — if it’s a luxury model that carries a really low price tag — it could be an indicator of other hidden issues.
Number of Owners
The more owners a vehicle has had, the more likely it is to carry problems. A single owner vehicle is more likely to have been well-cared. As with any of these recommendations, it’s not an absolute, but it is something to be considered.
Get a Title Report
Many people have happily purchased a used vehicle only to find that the car has liens against it from prior owners which weren’t properly cleared. This can open up a whole host of other problems when the lien holder comes to lay claim on the car. Get a title history and make sure that everything is clear.
Every accident a car has can open it up to problems down the road. Even if it looks brand new, the body work might be hiding other potential issues. Always get a car history and accident report before buying.
Remember, the more you know about the car you’re buying, the better off you’re going to be. Do your homework and learn everything you can about the car you’re buying before you even start talking about money. When you are ready to make your purchase, check out our auto loan resources! Contact us for more information or to apply for a used car loan today!