Should you choose to invest in a used car rather than a brand-new one, you could save yourself a fair amount of money, but choose the wrong car and you could find yourself having to fork out more in the future. Maybe the dealer tells you it would be the perfect car for you, but it doesn’t quite live up to expectations, or maybe you encounter a maintenance issue straight after buying the vehicle, which tells you that you didn’t get the great deal you thought you did. Either way, you’d have to spend money on repairs or a new vehicle altogether. To make sure you choose the right used car first time around, it is best to go through the process step-by-step.
Do Your Research.
Before rushing into anything, take the time to think about what you’d really like from a car. What will you be primarily using it for? How many passengers does it need to accommodate? Does it need it to be versatile?
Once you have established which type of car you want, have a look at online reviews or talk to a local car dealer to get an idea of the best models in the class and which designs will suit your taste and lifestyle. Make a note of the main makes and models you are interested in.
Set Your Maximum Budget.
Once you have your list of vehicles you are most interested in, look at dealers’ stock online to see what prices they are going for and set a budget. Whether you are paying upfront or in instalments, going in with a set maximum budget will help make sure you get the right motor.
Consider all of the Financing Options.
When you have the information about how much the car you want will cost, consider which payment method will be best for you, whether it is cash upfront, personal contract purchase, hire purchase, leasing or taking out a loan.
When it comes to financing a used car, you shouldn’t just accept the first offer provided by the dealer, you are perfectly entitled to shop around for better deals. If you are unsure about how to get the best deal for your personal circumstances, speak to Smile Car Finance. Smile can go through your options with you and give you instant access to the best interest rates offered by finance lenders.
Take the Car for a Test Drive.
You should always take a car for a test drive before making a purchase for two main reasons. Firstly, you should see how it feels to drive, as if you don’t get along with it, there is no point in buying it!
Secondly, you need to make sure it is in good shape. On your test drive, listen for any suspicious noises or unusual smells produced by the vehicle which might suggest that it is in poor condition. The dealer should be able to provide service history documents for the vehicle to show whether or not it has been well-maintained.
If the dealer doesn’t agree to let you take the car for a test drive, this may indicate that they are trying to hide something, and you should be very wary.
Don’t Be Afraid to Walk Away.
If a car is not right for you and you change your mind at any point prior to purchase, you can simply walk away! The dealer isn’t going to begrudge you or deny you service in the future. Buying a car is a huge investment and you must be completely confident that the vehicle is what you want.