Jeannette Céleste. Used Car. October 06th , 2020.
Many people do not consider that they have a choice when buying an automobile they need for transportation. They assume since they usually buy new shoes and new underwear that a car is something that should be bought new also. In our culture if you don’t have enough money saved to buy something now, there are always plenty of hawkers of loans and credit to lend you the money to do so. Is this always the wisest thing to do? What if you owned a 2003 Toyota Camry, sold it this year for $6,000, and took the money and made a down payment on a new $24,000 car? You would have to finance $18,000. According to Yahoo, the current national average for a car loan is 5.75 percent, and government statistics inform us that the average car loan is for a period of more than four years. Let us say you finance the car for six years. Your monthly payment would be about $320 a month. Six years later you would have paid $23,000 out of pocket for the car and you will have only $6,000 to show for it if you took very good care of the car and are able to get that price when you resell it. That means no accidents, no eating or drinking in the car, and getting the oil changed and other maintenance taken care of on schedule, and keeping the mileage low to average. In other words, you will need to have a bit of luck and be very conscientious in taking care of your car if you want to get a good resale value on it six years later.
4. Test drive. Never buy a car without trying it out first. Even though you may think that the car is right for you, if you test drive it and find out that it just doesn’t fit you right or that you don’t fit it, then you should start looking all over again. Also, be sure to listen to the car while you are on the test drive for any squeaks or rattles or problems. If you hear or feel anything, be sure to get the car checked out. 5. Inspect the car. It may help to bring along a mechanic (if you are not dealing with a dealership) or to bring the car to a mechanic you trust on the test drive. This way, you will really find out if there is anything wrong with the car and if not, then you are probably in the free and clear. 6. Get a car with a background. If the owner is worth anything, they will have a full catalog of paperwork detailing all of the problems and all of the fixes that have been made to the vehicle. If you go for a car from a private party, make sure it has its paperwork. The final bit of advice is to get a car you trust. If you are purchasing a car, you will want to get a car that you don’t always wonder about when you get in to drive it. Having a car that you feel great about is one of the joys of ownership. Just make sure that you find out all you can about the vehicle before you commit to it because you don’t want to make a huge mistake.
Question: How many miles is on the vehicle? Hopefully you shouldn’t have to ask this question because the mileage of the vehicle should be disclosed upfront. But, you might want to ask if it has changed. Some sellers drive their car around while trying to sell it. If someone drives 100 miles a day to and from work, that can significantly increase the mileage over one or two weeks. Price depends on a number of factors and mileage is one of those important factors. Question: Has the car recently been serviced or has it undergone any recent repairs? This answer can lead you to a great car. We tend to think of cars that get serviced as bad (they need repairs after all). With that said, it does mean that the vehicle is serviced, up-to-date, and recently repaired. This is good because it also shows signs of an owner who cared for the vehicle, which you benefit from. Also, keep in mind that the more recent the repairs are the less you will have to spend on them upfront.
Check out at least 10 different cars that fall within your price range before making a decision. Take a friend or family member who is knowledgeable about cars to look at them and test drive each car. They will notice things that might otherwise be missed by you or a car buying novice. Test Drive Your Top Three One More Time. Make sure you ask any and all questions you may have about the vehicle, no matter how ridiculous they may seem. Asking about how many previous owners there were, if it has been in any accidents and what the damage was, have any major parts been replaced or rebuilt, has anyone smoked in the car, or anything else you want to know is a fair question. Do Your Research. Simply knowing the value of the car you are interested in is not enough. Still check out the Blue Book value, but also find out common maintenance problems with cars that are that make, model, and year. Check out the CarFax report on the particular car you are thinking of buying to make sure it was properly maintained and not in any serious accidents. Make sure that if you are looking at Mitsubishi cars and one has been in an accident, they replaced broken parts with genuine Mitsubishi parts.
You might think that’s still a bit old. Not all old cars are that bad. Within the last 10 years or so regulations have been put in place to control emissions and get better gas millage. Some car companies like Toyota or Honda have been doing this all along regardless of laws. For example I drive a year 2000 honda civic. Its not the pinnacle of ’green’ technology but think on this I get around 25-30mpg. This car is now 9 years old. Many cars today can just match that, and some can’t even reach that high of millage. It also has always passed California smog check and emission checks. California is notorious for its strict emission control standards. So if it can pass those tests it’s a good, clean running car. And since the car is quite a few years old it’s not going to be all that expensive, especially if its found at an auction where you say how much you’re willing to buy it for.
If you are buying a car with cash then this is a really easy step to follow, just only spend what you can afford. So now you have decided on the car you are after and the budget you have to spend now you just need to locate that car in that budget, it sounds simple but this is by far one of the hardest bits. I personally look for low mileage cars as they still will have a lot of life in them, I rather have an older lower mileage car than a newer higher mileage car as I just feel that the older car would have had an easier life. Where do you look when you are after a used car? Well I would first cruel through your local news papers and see whether any of you local car dealers have the car you are after then if they do go round and organise a test drive. When you are sure that the car is the car for you then walk away and try and find that car on the internet at the lowest price you can.
So who is the smarter consumer? Who is on their way to being able to always buy nice cars? Just from one or two times abstaining from borrowing money to buy a new car a consumer can have the money in the bank to buy all their cars new, if they so desire. Also, after a little time of driving an asset they own free and clear, consumers may find they like the way that feels, even if the car does not look showroom perfect. They say there is an air freshener you can buy for that new car smell. Also bear in mind that our calculations did not take into account the amount you can save every year on ad valorum taxes and insurance for less-than-new cars.
Any content, trademark/s, or other material that might be found on this site that is not this site property remains the copyright of its respective owner/s. In no way does LocalHost claim ownership or responsibility for such items and you should seek legal consent for any use of such materials from its owner.