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July 21, 2018 | No Comments YetTags: Buying a Used Car Checklist
It can be a daunting task to shop for a used car. After all, no one wants to accidentally buy a car that has many defects that weren’t obvious at first. Fortunately, there are many steps that you can take to avoid wasting your money on a “lemon” car. Here is a checklist of a few things that you should do and look for when buying a used car.
1. Conduct Used Car Research
Before you go to the dealership and start shopping for a used car, you should make a list of the car models you’re interested in. Once you have a list of car models, you should do research on every car model. Learn about the common defects for each car model. You should also learn about the price points and repair costs for each car model. Conducting thorough research will increase your bargaining power and give you a good eye for the weaknesses of each car model.
2. Determine the Going Price
The next thing you should do is conduct research on the going price for each vehicle. Added features and mileage can impact the value of a vehicle. Therefore, you shouldn’t be surprised when you see two cars of the same year and model have varying price tags.
3. Don’t Be Afraid to Ask Questions
When it comes to buying a used car, you shouldn’t be afraid to ask questions. Whether you’re doing business with an individual seller or dealer, you should try to get as much information about the used vehicle as possible. Some questions that you should ask before buying a used car include the following:
- Why are you selling the vehicle?
- How many previous owners does this vehicle have?
- How would you describe the car’s condition?
- What is the mileage of the vehicle on the odometer?
- Has this vehicle been involved in collisions in the past?
- Has this vehicle ever had electrical damage?
4. Test Drive the Used Vehicle
After you ask questions and give a vehicle a thorough examination, you should test drive the vehicle. Ideally, you should test drive the car both on the road and in a large parking lot. You want to drive the vehicle at a speed of 60 mph or higher. Be sure to take your time during the test drive. Test all of the components of the vehicle, such as the brakes, power windows, steering-wheel alignment, heating/air conditioning, windshield wipers, headlights, taillights, and directional lights.
As long as you follow this checklist, you should have no problem buying a quality used vehicle. For more information about what to do and look for when buying a used car, don’t hesitate to contact us here at Frank Auto Credit.