If you are a regular traveler, commuting easily in less time is a goal. Owning a vehicle preferably a car is a lifetime investment. While we fancy a brand new car, it does lead to spending a huge amount of money. When you buy a car and take it to the road, it is labeled as a second-hand or used vehicle. You will not get the same value if you tried to sell it. To avoid wasting money on a brand new vehicle, you must know the Best Way to Buy A Used Car.
It will help you to maintain a luxury lifestyle with your desired vehicle but comparatively at less investment.
Buying a new car will give you benefits like warranty, service policies but at the cost of a huge amount of money. Though you run it for a shorter duration, its market value will decrease significantly. Trying to sell this car will not get you a good deal.
On the other hand, when you buy a second-hand car, you are in benefit. The old owner will bear the loss of the decreased price of their car that is still in a good condition. There will be considerable maintenance costs when you buy an old car. You would have to refurbish it to make it work smoothly.
I have curated some steps that are the best ways to buy a used car. But before dwelling on information regarding buying a second-hand car, you must consider some safety tips.
These safety tips are essential if you don’t want to get trapped in hoaxes that surround used cars dealerships.
- 1 Safety Tips Before Buying A Used Car
- 2 9 Best Way To Buy A Used Car – Expert’s Advice
- 2.1 1] Set A Budget
- 2.2 2] Search A Best Used Car
- 2.3 3] Evaluate Certified Pre-Owned Car Option
- 2.4 4] Search About Used Car Financing
- 2.5 5] Where To Buy A Used Car
- 2.6 6] Select Your Best Option
- 2.7 7] Consideration Of Safety Tips
- 2.8 8] Negotiate A Good Deal
- 2.9 9] Complete The Paperwork And Consider Add-Ons
- 3 FAQs
- 4 Conclusion
Safety Tips Before Buying A Used Car
Examine A Car
- Always check a car that you intend to buy. You should check its tire conditions, dent, or damaged surfaces. Also, you must check a car for its original engine.
- All this checking will decide the cost that involves repairing them. Taking an expert mechanic along with you is highly recommended.
Take A Test Drive
- Mere looking at the car conditions will not tell you its secret. How it performs while driving will lead to a definite conclusion on whether to buy this used vehicle or not.
- During a test drive, you must measure a car’s performance while driving over bumps, uneven roads with different speeds. It is essential to notice any noises coming from engines, brakes, or accelerators while driving.
- Also, check for smoothness of steering wheels, air conditioners, music systems, speakers, vipers and heads, and taillights, etc.
History Of The Car
- Before buying a used car, you must do some market research about the model, its manufacturing, on-road price, and service provider. The car’s odometer will tell you how much it traveled but it will not reveal any difficulties that were faced during driving.
- You must ask its owners about its service books and other maintenance records.
Ask For Car’s Documents
- You must ask for all original documents that are related to the car. Always ask for the original RC book, insurance policy, any tax documents, and a valid PUC (Pollution Under Control) record.
- While checking the insurance policy, you must check it for a no-claim bonus.
Now, you have safety tips under control. Let me share the tips and the best ways to buy a used car.
9 Best Way To Buy A Used Car – Expert’s Advice
1] Set A Budget
Firstly, you have to decide what you need to buy. Whether you buy a sedan or SUV, you need to set your budget accordingly. Buying a used SUV will cost you slightly higher than buying a used sedan.
Your budget will also include the after-maintenance charges. Consider if you buy a cheap car but it costs you to repair it after buying, it is not a good deal. This situation will hamper your set budget.
Research about the on-road value of a chosen car and its buyback value in the market. There should be a good margin that will yield you a profit from buying a used car. You can also go through some websites that will inform you about the maintenance and reliability of used cars.
2] Search A Best Used Car
Believe me, buying a brand new car is much easier than buying a used car. To have a brand new car, you only had to decide on your favorite model and buy it from a dealership.
When going to purchase a used car, you first think about a reliable shop. While deciding it you must nail a good package deal that includes a used car with a low milage drive, nor surface damage. Also, it should not be located far from your residing distance.
You can search through the internet for various recommendations and reviews for used cars.
Whether to buy a brand new car with all its perks or buying a low maintenance best performing used vehicle is an important point to think about.
3] Evaluate Certified Pre-Owned Car Option
When you are unsure about buying a used car without a warranty then you must consider a certified pre-owned car option. Some manufacturers offer this feature that has the best affordable used car along with the company’s warranty back-up.
Also Read: How to Get Free Cars for Disabled Adults?
They are the best option against non-certified used cars as they come with a manufacturer backup. These cars are refurbished by the company itself before selling them. A certified pre-own car option also helps in acquiring finance for used cars easily.
4] Search About Used Car Financing
Getting finance for a used car is a tedious job as it includes a lot of paperwork. If you are paying upfront while buying a used car, then you can skip this step. Otherwise, you can think of taking a loan.
If you are planning to buy a second-hand vehicle from a private dealership, you need to manage the loan by yourself. While buying from an affiliate dealer of a particular manufacturer, used car finance can be arranged.
As mentioned above, a certified pre-owned car option will help you to get a good deal on both used cars and financing.
5] Where To Buy A Used Car
It is an important step that decides the good grab of a used car. There are various options available from where you can inquiry about the availability of an old vehicle. For your convenice, I have mentioned them in the listicles below.
Family, Friends Or Relatives
Always a good option to buy a second-hand car from a known person. As you know them and their car, chances of getting a wrong deal are minimized. You can get all the original documents and can ask various questions without hesitation.
Independent Used Car Dealers
It is another popular way to purchase a used car. You can search various local dealers for a car of your liking. While dealing with them, you should always remember the safety tips that I informed you about earlier.
The best way to buy a used car is online. Online stores like cars24, Cardekho, Carwale, spinny, and Droom are some reliable platforms while planning to buy a used car.
These are trusted websites that also have physical stores present in various locations. They checked and refurbished the used cars before putting them for a sale.
6] Select Your Best Option
After considering all the factors and where you will buy an old car, you must select the best option available. A car with a low running record, undamaged body, good working condition engines, and other spare parts at an affordable price is considered a well-used car option.
7] Consideration Of Safety Tips
Before closing a deal on a selected car, you must again go through all the safety tips that are mentioned above. You should not miss any important factor that will make your deal unworthy later.
8] Negotiate A Good Deal
Whether you buy a brand new car or a used car, there is always room for negotiation. Before negotiating with a dealer, you should be well-informed about the car’s actual price, its model performance in the past.
Give such a deal that can not be avoided and will not dig a big hole in your pockets. This negotiation can be done face-to-face or via chat, call, or email.
9] Complete The Paperwork And Consider Add-Ons
Once you close the deal with the desired negotiation to buy a used car, you must go through the registered paperwork. This includes the transfer of car documents, RC book, Car policies.
All the paperwork must be done in the presence of some witnesses from both parties.
While buying a used car online, this process of paperwork becomes easier. Online stores will take care of every document that is needed to close the deal.
As for add ons, you can give a thought to have an extended warranty while buying a used car from an authorized second-hand car dealer. You also need to buy a good coverage insurance policy.
The first thing is to check for the vehicle condition by comparing it with the release date. The second thing is to ask the owner to transfer NCB (No Claim Bonus), RC (Registration certificate), and other documents to your name. And the last thing to check is if the car has been resold several times in the past.
a vehicle has been running for around 50,000 miles after well-maintenance, then it is the best mileage while considering owning a used car.
A good used car’s odometer will show you a 15,000 km per year run.
First, you need to set your budget then look for a used car to buy within. At the time of selection, consider the model release date, change parts history, and do a test drive. If you are convinced of these essential things, you can close the deal after using your negotiation skills.
the owner. For instance, if you are purchasing a second-hand car from an authorized used car dealer, they may have 30-days replacement or money-back guarantee policies. While the individual sellers can either negotiate or can deny to take it back.
As per the Consumer Rights Act, you can claim that the owner sold you a faulty car. If you can prove that there were some problems from the beginning, then you can be entitled to a full refund or purchase of a second-hand vehicle by the owner.
Black, white or blue smoke is the primary signal of a damaged engine. You can also hear knocking, grinding, or squealing noises while the engine is on. Some oil leakage can also be a signal that the engine not working properly.
When we have a limited budget but still want to feel the luxury of owning a car then the best option is to buy a used vehicle. But owning a used car is more time-consuming than buying a brand new car. If you are well-informed about the process of purchasing a new car, then it will give you less headache. For me, the best way to buy a used car is either from a known person or online trusted dealers.
It takes lots of research when you plan for having a second-hand vehicle. It is risky as it doesn’t give you a factory warranty while purchasing. Buying from a reliable source is another difficult task. There are lots of dupe used car sellers in the market. They will trick you with amazing discounts for a car that looks like a great deal. But if you follow the above-given tips, then no vehicle seller can trick you in any way.