It’s not just about the price. Buying a used car means that you need to check that the vehicle is in good condition, is safe, and reliable. To ensure this, don’t make these five mistakes while buying a used car.
Not Doing Thorough Research
Don’t go to a used car dealership unless you’ve worked out your list of requirements. Know how you’ll be using this car. See if you need it to run errands or for your daily commute. Or do you need something that will help transport your family, carry goods, or for road trips? Research the best car as per your needs. Read reviews and check the pros and cons before making your shortlist.
Not Adhering to Your Budget
Your research should give you a good idea of the current used car prices in your area. You should also know what is being asked for specific models. Check if you can afford to pay cash for it. If not, see what finance schemes are available for used cars and whether you can afford the monthly payment. Set your budget accordingly.
Not Checking Car History
Once you have a shortlist of a few vehicles, contact the dealer or seller and ask for the car’s VIN. Either order the vehicle history report yourself or ask the seller for it and scrutinize it. Look for registration history, lien status, recalls, safety issues, accident history, and maintenance records.
Not Inspecting the Car
Test drive about three cars on your shortlist. During your test drive, remember to check every single thing. See how the car behaves at different speeds. Notice how it reacts to your inputs. Notice sounds, smells, and vibration. Inspect all electricals and features. Check every inch of the exterior and interior. If you like any car, hire a mechanic yourself to inspect the vehicle and give you a written report of its condition. Only go ahead with the deal if the mechanic gives you the green light.
Not Doing Paperwork Properly
Take your time and complete the price negotiation. Get all the paperwork in order. Ensure there are no errors in the offer sheet, invoice, or financing terms. Ensure that the registration is transferred to you.
