Buying a Used Car- All you Need to Know
While most people would prefer buying a new car as opposed to a second hand one, the reality is that the cost of a new vehicle is prohibitive for many people. A significant benefit of buying second hand is that you can get a relatively new car, in excellent condition for substantially less than the new price, though knowing what to look for is all important. We have all heard of horror stories of people buying a used vehicle, only to find out that it is not what the buyer thought it was and sometimes completely unroadworthy. Here are a few tips to set you upon the right path when buying your used set of wheels.
Determine Your Budget
It can be tempting when looking at cars to opt for one that is realistically out of your budget, which is a mistake. Before you go looking for used cars for sale in Canberra, work out if you are going to be paying cash, taking out a loan, or looking for finance, or a combination. Once you have your numbers in place it will be much easier to deal with the car salespeople, so you know what your monthly payments are going to be. Remember to take into account the amount it is going to cost you to insure the vehicle in advance, especially if you are looking for a sporty model.
Determine Your Requirements
Once you have your available money identified, it is advisable to ask yourself why do you need this vehicle, and what is it going to be used for? Do you have a family who will need to fit in, or maybe you are engaged in sporting activities, which will require a sizeable trunk? Are you going to be using it around town, or are lengthy trips going to be involved, maybe even towing something. Automatic or manual, petrol or diesel, or maybe you really want a hybrid. The clearer in your mind you are about what you need, the simpler it will become to identify the right model.
Choose Your Time Carefully
The more buyers there are around, the more likely it is that the cost will be higher than times when there are less in the market. Just after people have been getting tax rebates is not a good time, as demand is likely to be high. Just before Christmas prices are likely to be high as many people are buying vehicles as presents, while January can see lower prices as many vehicles come to the market and people have less money than normal due to seasonal excesses. Later in the month can also work, as can towards the end of each annual quarter, when firms are looking to hit sales targets, though don’t leave this one too late, as deals will tend to fall away once those targets have been hit.
Negotiate and Checklist
Never pay the forecourt asking price, as every dealer has negotiating room built in, and it is fully expected that you will try to knock them down. It is a game and the dealer knows it. Being armed with knowledge of prices is advisable and be ready to play one dealer off against another. Ensure the vehicle is coming with clean registration, a full service history, warranty of some description and that it has been fully checked for problems and safety. If it doesn’t have these, cross the vehicle off your list, regardless of how good a deal it might otherwise seem.