Are you thinking of buying a used car? Not sure where to begin? Here is a list of helpful suggestions compiled by New York’s Baron Auto Mall.
1. The first step in buying a used car is to determine how much you are willing to spend. There are two primary options for financing the purchase of a new car: paying for the car up-front with cash or taking out a loan. Once you have a general dollar amount in mind, you should also consider that there are additional expenses on top of the price of the car, such as taxes, title, registration, and insurance. Shop around for insurance and find a ballpark figure for your premium. Some drivers like the security that an extended warranty affords them; this is yet another expense.
2. Next, you need to decide the type of car you want. Do your research. The Internet makes it extremely easy to find consumer reports and learn about recalls. The more specific you can make your car preference, the less overwhelming the search will be. Do not get too specific, however, or you might be looking for a long time.
3. Once you find a car, ensure that the sales price is an accurate representation of the car’s value. One way to do this is to look at the car and test drive it. It is also a good idea to have a trusted mechanic take a look at the car. He or she can spot any potential problems. Additionally, do your research by consulting an authoritative publication, like the Kelley Blue Book.
4. When you have decided that you like the car you’ve found and that it is worth the price, get in touch with the seller or talk to a sales person at the lot. If you are purchasing from a previous owner, ask him or her why the car is for sale.
5. These days, it is extremely easy to find the history of an automobile. You can obtain both a history and safety report on the car by using the vehicle identification number. With this number, you can access a CARFAX Vehicle History Report that will disclose past accidents and discrepancies in the odometer.
Stay tuned for four more helpful tips!