Planning on buying a used car? Shopping in the used car market is the best option for most motorists as it is a way to make big savings compared to buying new, you can get more for your money and avoid the biggest depreciation hit amongst other benefits. While there’re many perks to buying a used car, you will also find that the market can be difficult to navigate and daunting. You hear many horror stories about people shopping in the used car market, so how can you avoid this and come away with the right vehicle at a great price?
Know What You Want
Before you start looking around for cars, you first need to work out what you want. You need to calculate how much you can afford to spend and what your wants and needs are from the vehicle. This will give you the information needed to decide on a category of vehicle that is the best fit, which you can then research to create a shortlist of options.
Educate Yourself On Common Used Car Scams
It is unfortunate, but used car scams are common, particularly when you buy privately. This is why it’s so important to educate yourself on the most common used car scams so that you know what to look out for when shopping in the used car market. A few of the commonest scams include:
- Title washing
- Wire transfer scam
- Escrow scam
Buy From A Reliable Dealership
One of the top ways to avoid scams and have peace of mind in the used car market is to shop from a reliable used car dealership. You can search for the vehicle that you want, like a used Tesla Model 3, and then find a used car dealership that has this vehicle in stock. A used car dealership will provide consumer protection, plus you can arrange finance deals which can make it much easier to afford.
Check The Vehicle Over
You should never part with your money before checking the vehicle over and taking it for a test drive. This is the part that many people find daunting, but there is a lot of helpful information online that can help. Additionally, you can bring someone else along for their opinion and pay a mechanic for their assessment (this can be a great way to highlight any problems that the car has).
When buying in the used car market, you should not shy away from negotiating as this can make a big difference to how much you pay and it is expected. The key is to do your research on car prices, to have a maximum figure in your mind and to be friendly yet firm. If you think you can get a better deal elsewhere, do not be afraid to walk away.
Hopefully, the tips above will come in handy and give you some confidence when shopping in the used car market so that you can find the perfect vehicle.