Survey shows that there are nearly 40 million used cars that are sold each year in the US. Due to the fact that there are a variety of used cars in the market, choosing the right one for you can be very challenging. There are, however, shopping advice team online, which can provide you assistance in terms of giving helpful tips for you to consider. The following are useful tips to guide you in your search for a good used car.
An affordable budget must first be determined in order for you to limit your search for used cars and just focus on which cars fall under your budget. Budgeting includes the additional expenses for maintenance, knowing beforehand that you’re buying a used car and the mileage it has gone through adds up to the depreciation value of the car, as well as fuel and insurance costs. If your payment on the car is through a loan, be sure to compute that your car loan payment must not exceed 20% of your take-home pay.
Consider a target list of three brand cars which are reputed to be sturdy, of good material and reliable, with prices that fall into your budget. Bear in mind that used cars that are less than 5 years old has a CPO (certified pre-owned) warranty, which is backed by the car manufacturer and not from the car dealer. By inquiring on this, it assures you of the quality of the car and reputation of the car manufacturer.
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There are factors that contribute in pricing a used car and they are: location and CPO warranty. Used cars can be found in new car dealership display lot, independent used car lots, and used car retailers, of which prices of the same brand car and model may vary, such that the used car retailers offer the lowest selling price.
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By checking the vehicle history report, this can help you a lot in deciding if you should buy the car or not. In securing the used car’s vehicle history, you can sourced this through AutoCheck and Carfax, which can not only give you the vehicle history but also if the car has a salvage title, meaning that the car has been declared a total loss by the insurance company or if the car’s odometer has been rolled back.
Taking the initiative to get in touch with the owner of the used car can provide additional information on the real condition of the car, to which this can in a way affect your decision to buy the car or not.
If possible, get an experienced mechanic to check on the car so that whatever is the mechanic’s report can help in your decision.
See to it that you can test-drive the car, together with the mechanic, to know if the car is in good condition and on whether it is the right car for you.