Buying a used car is the perfect idea for budgeting purposes. Dealerships often have amazing deals on fantastic used vehicles to make room for their new inventory. However, you will have to consider some crucial factors before you buy one. Here are six of them:
1. The Issues and Repair Needs
The goal is to buy a used car that will last you for many years. Used cars are great because they’ve already been “broken in” so to speak. However, you should have a mechanic inspect the vehicle you’re considering to ensure that you don’t have to invest more money than it’s worth on repairs. Additionally, you should pay close attention to the mileage. The best used vehicle should have as few miles as possible. It’s smart to grab something that has less than 100,000 miles on it.
2. The Previous Owners
Another thing that you should consider is the number of previous owners that the car has had. You should highly consider buying a car that has only had one previous owner. That way, you know all the work and maintenance tasks that the owner did on it, and you won’t have any guesswork to perform.
3. The Vehicle’s History
You’ll also need to consider the vehicle’s history. A CarFax report will provide you with information such as the number of previous owners, accidents the car has survived and the recalls the manufacturer has sent out for it. The history should be a top consideration factor for you.
4. The Insurance Cost
You should also think about the insurance cost that you’ll have to deal with when you purchase a used car. You may not have to pay for full coverage if you buy it outright, but other factors may drive the price up. For example, a sports car will be much more expensive than an economy vehicle that gives you superb gas mileage.
5. The Consumer Reviews
You should take the time to read the consumer reviews on the make, model and year car you desire. Choose something that has more than three-star ratings from most of the customers who purchased it.
6. The Resale Value
Finally, you should consider the resale value of the car. The smart thing to do is to buy a model that depreciates at an extremely slow pace. That way, you can get a chunk of your money back if you decide that you want to trade it in and get a different model in a few years.
Those are just a few steps you can take to ensure that you get the right used car for your family. Make sure you do your research before you jump into a model. You deserve to own a used automobile that will last you for the duration.