Important Factors To Consider When Buying A Used Car

With the sluggish economy motivating people to look for ways to conserve their cash, the used car market has surged. Millions of drivers who are ready to purchase a vehicle are skipping the dealership lots and instead, are looking for pre-owned bargains. In past articles, we’ve discussed how to narrow your focus to the used vehicles that suit your driving needs and preferences. In this article, we’ll continue the process by creating your short list, taking the vehicles for a test drive, and visiting the mechanic.

Building Your Short List Of Candidates

Your time is limited. You can’t afford to waste it by chasing every model that remotely fits the type of car you’re looking for. You need to build a short list of candidates. Your list should include three of four cars so you’ll have options in the event your top choice isn’t available at a price you can afford.

You’ll find plenty of good deals from private parties and used car lots. Having said that, most people prefer to deal with private parties because the prices are lower, it’s easier to negotiate, and there’s a higher level of trust.

Taking A Test Drive

You’ll seldom hear this advice, but avoid test driving a vehicle unless you have already placed it onto your short list. The reason is because getting behind the wheel has an emotional effect on our decision-making process. That’s why salespeople at the dealership encourage you to take their vehicles for a spin.

If a car has not passed your initial criteria (and therefore, has not made your list), there’s no reason to test drive it. In fact, doing so can cloud your judgment.

When test driving the models that have made it onto your list, pay attention to your comfort and convenience. Headroom, legroom, and the ease with which you can reach everything are important. Also, take note of the automobile’s handling, including its ability to accelerate, stop, and take turns.

First Trip To The Mechanic

Unless you’re buying a certified pre-owned model, plan to have a mechanic take a look before you purchase. He’ll put the automobile on lifts and inspect the underside for leaks. He can also compression check the engine to identify signs of excess wear and tear. Plus, if there are any signs of major damage, he’ll be able to find them far more easily than you. The $100 you might need to invest may be one of the best investments you can make.

Negotiating The Price

Once you have test driven your preferred vehicle and have had a mechanic give you a “thumbs up,” it’s time to negotiate the price with the seller. It’s important that you know the value of the vehicle and privately set a price ceiling prior to the negotiations. That way, you’ll have less trouble walking away if the seller is unwilling to lower the price to fit your budget. Negotiating the price of a used car is an art unto itself (and beyond the scope of this article). For now, use the suggestions above to narrow your list of candidates and identify potential bargains.

Related posts:

1. Used Cars: Avoid Buying An Accident Survivor