Buying a brand new car is simple. You know that everything is going to be in good working order and there won’t be any difference between the same models in from different lots. All you need to do is find the dealer that will give you the best price. But if you can’t afford to buy brand new and you decide to save some money by getting a used car instead, things are a little more tricky. Most used cars will be fine and although they’re more likely to need repairs in the future, you shouldn’t need to worry. But there are still some used cars out there that will cause you no end of problems, which is why you need to be sure that you’re picking the right one. Unfortunately, that’s often easier said than done and people get it wrong a lot of the time. If you’re in the market for a used car, it’s important that you avoid these common mistakes when you’re choosing.
Picking The Wrong Dealer
The majority of used car dealers are perfectly honest people that will sell you a great car, but there are some out there that are just looking to rip you off and sell you a rust bucket for an inflated price. It’s important that you avoid these dodgy dealers and find the best place to buy used cars near you. It’s always a good idea to look at reviews online because you’ll soon find out if the dealer is scamming people and selling bad cars. You should also try to go for dealers that are officially endorsed by the manufacturer as a second hand seller.
Picking The Wrong Car
Most cars are fine to buy used but there are some models that are riddled with issues and if you buy them used, you’re just going to be back and forth to the mechanic every 5 minutes getting it repaired. You need to do some research first and find out which cars are unreliable before you start looking at used vehicles. Check out this list of cars you shouldn’t buy used to avoid making the wrong decision.
Using The Dealers Finance
The dealer will usually offer you finance when you buy a used car, but you should avoid it in most cases. It might seem like a good deal on the face of it but there are usually a lot of additional interest rates that are added on. You’ll get a much better deal if you source your own financing before you start looking at cars. It also gives you a solid budget so you’re less likely to end up spending more than you originally intended.
Only Considering Monthly Payments
You want to get the cheapest deal possible, but a lot of people make the mistake of only thinking about the monthly payments rather than the overall cost. If you’re paying small monthly payments, it will be easier to manage your budget. However, you’ll be paying it off for a lot longer and that means you’ll pay more money overall because of the interest. You also need to consider things like fuel costs and maintenance costs because you might be able to get a cheap car but if it eats up fuel, you’re not actually saving yourself any money.
If you can avoid these common mistakes, you’ll be able to get a great used car for a good price.