The Secret to Getting the Best Price for a Used Car

  • Posted 19 Sep
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The Secret to Getting the Best Price for a Used Car

Buying a used car can often be trickier than buying a new one. For one thing, new cars are almost always heavily promoted and prices are fixed, give or take a few thousand dollars. The prices of used cars, in comparison, are not set in stone.

If you consider yourself a car aficionado, you will have no problem finding a good deal. But if you’re not an expert and the thought of haggling to get a great deal sends you into state of anxiety, you may end up paying a lot more than you need to.

4 Tips to Help You Get the Best Deals on Used Cars:

  1. Consider the age of the car. Research first. Try to find the newest car with the least amount of kilometres on the odometer. This translates into less maintenance and repair costs compared to an older car.Check the age of the engine. If you don’t trust yourself with this task, take a more experienced friend along with you or ask for help from a trusted car mechanic. The end game of doing this is to find the car with the least amount of kilometres and little to no maintenance work required for at least 12-18 months.
  2. Ask the right questions. Don’t be afraid to ask as many questions as you need. If the seller or dealer is not forthcoming with information, and you don’t check the facts, you might end up making a big mistake.Make sure to ask questions about how many owners the car has had, how much repair work has been done over the years, if it has ever been in any accident, the reason for selling the car and so on.
  3. Check the car thoroughly. This should be done for safety as much as for saving money. If you miss anything vital because you didn’t care to check, it could be fatal for you (and your family).Perform a quick inspection in the early stages of the deal to make sure the car is in a reasonably good mechanical condition. If you decide to purchase the car, complete a more thorough check including brakes, accelerator and steering for faults.Test-driving the car will be good to see how well (or not) it drives. Getting a second opinion on the car is recommended. Get a friend, family member or a car mechanic to evaluate the car for you after you do it yourself; then compare your experiences and decide whether it’s worth the buy.This will help you get an accurate idea of how much you should pay for the car, as well as if you can manage to save money on future expenses such as repairs and maintenance.
  4. Negotiate. Whether you take out a car loan or pay from your savings, car buying and car finance is essential to ensuring you get a good deal. That’s why you need to negotiate when buying a second hand car. The prices of these cars aren’t usually fixed, so by having all the information above handy; will allow you to negotiate the price, if needed.

Looking for a car loan that meets all your needs or need help with locating the right used car? Contact us today to discuss how we can help with all your car finance and buying needs.

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