No matter what your reason is for buying a used car, you need to be cautious, especially when you are buying it privately.
Buying a faulty car can end up costing you thousands in repairs, so it is important to make the right choices when shopping for a used car.
Here are five mistakes to avoid when shopping for a used car:
Not negotiating the price
When buying a used car, chances are your dealer will insist that the price is the best, but it’s important that you don’t buy the car without negotiating. Remember that you are dealing with a business seeking to expand its profit on the sale of the vehicle.
Not getting the deal in writing
The process of buying a car includes car salespeople making a lot of claims and promises about a vehicle, its history, condition, etc.
And sometimes, some of these representations turn out to be false and misleading.
To avoid being affected by this make sure you understand everything that is being said to you and request paperwork, should something happen you will have proof, instead of just a verbal agreement.
Not investigating financing options
One thing you should always keep in mind is that the car dealership has its profits at heart more than anything, so review the financing available through the dealership and also check what payment options you can set up for yourself through your bank.
Not going for a test drive
One of the most important steps when buying a car is the test drive. You should never buy a car without testing it. There is a lot of things about a car you can only experience by being behind the wheel.
Take it out on the road for a test drive and see if you are comfortable with the way it feels and drives, especially in the case of a used car
According to SocialNewsWatch, studies show that 20% of buyers of used cars don’t test drive the car prior to making the purchase.
Not having the car checked out by a mechanic
With used cars, test driving prior to purchasing is not enough, your car should be checked out by mechanics before you complete the deal.
Even if you have to pay for the inspection yourself, it could save you a lot of money in the long run. However, it’s possible to have the seller pay for the inspection. If the seller is a car dealer, chances are it’s already an offer.
The seller should pay for the inspection, however where the seller is not a car dealer, do not mind paying for it yourself, it could save you a lot of money in the long run.
Choosing not to run a vehicle history report
You need to know if there are any issues with the vehicle as well as the number of previous owners. So, running a vehicle history report is necessary.
Your dealer will pay for this service, but if it’s purchased through a private seller, as the buyer, you are most likely to pay for it.
Buying under pressure
Shopping for a car in just a few hours is not a wise thing to do, even if you think it’s a bargain. This is a major purchase that will affect you financially for a long time, so you should sleep on it and make sure you are choosing the right car for you.
Being unrealistic about your budget
When buying a car, whether used or not there are a lot of things you need to consider, do not only focus on the monthly car payment cost. Consider the overall cost of the car. This includes insurance, petrol, maintenance, and other fees.
Look for options based on the total price of the car and then make calculations on how it will actually cost you per month, look at options and try to get one that is less expensive.
There are a lot of dealerships that sell good brands such as used Polos for sale. Take your time and weigh your options before your big purchase.